In a recent update, BDO (Banco de Oro), one of the Philippines’
leading banks, has announced changes to its debit card services concerning
international over-the-counter withdrawals.
Starting March 1, 2024, BDO will discontinue the option for
international over-the-counter withdrawals using their debit
cards.Β
This advisory aims to inform BDO Debit Card users about the forthcoming
adjustments and guide them on alternative methods for accessing funds abroad.
Details of the Changes
As of March 1, 2024, BDO Debit Card users will no longer have the option to
make international over-the-counter withdrawals.Β
This means that transactions carried out in person at international banks or
financial institutions using BDO Debit Cards will be discontinued. This shift
is part of BDO’s ongoing efforts to streamline and enhance its services.
Alternative Withdrawal Methods
While international over-the-counter withdrawals will no longer be
available, BDO Debit Card holders can still access funds abroad through ATMs
that accept Visa or Mastercard.
This alternative ensures that customers can continue to withdraw money
conveniently while traveling or residing outside the Philippines. BDO
encourages users to check for Visa or Mastercard acceptance logos on ATMs in
their respective locations.
Acknowledgment and Gratitude
BDO expresses gratitude to its valued customers for their continued trust and
patronage. The bank acknowledges that changes in services may impact user
experiences, and they strive to provide alternative solutions that align with
evolving financial landscapes.
Learn More at BDO’s Website
For a comprehensive understanding of the changes, including updated debit card
limits and fees, BDO encourages users to visit
www.bdo.com.ph/debit-limits-and-fees. This dedicated page provides
detailed information about the modifications and serves as a resource for
users seeking clarity on their debit card transactions.
Conclusion
As BDO implements changes to its debit card services, it aims to enhance the
overall banking experience for its customers. While international
over-the-counter withdrawals will no longer be available, the bank assures its
clients that alternative methods, such as ATM withdrawals, remain accessible.
BDO appreciates the understanding of its customers during this transition and
is committed to providing efficient and convenient financial solutions.
In adapting to the evolving landscape of financial services, BDO remains
dedicated to delivering high-quality banking experiences and maintaining
transparency in its communications with customers.
