A gift that grows a lifetime: Teach your kids financial freedom this Christmas

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CHRISTMAS is a season for giving, and every parent wants to make it magical for their kids. This year, instead of gifting them with toys or gadgets that could bring momentary joy, why not give them something that will last a lifetime?

Teach your kids financial freedom this Christmas - - - Christine Caberte 

Safer than a piggy bank

For Christine Caberte, nothing makes a mother prouder than seeing her kid disciplined with money, even at a young age. Christine just opened a bank account for her six-year-old son.

"I've seen my son save money in his piggy bank for some time, but I wanted something more secure. That's why I decided to open a BDO Junior Savers account for him," Christine explains. "With a bank, I know his money is intact and safe, unlike an alkansya that can be opened anytime."

Securing her son’s future. Christine Caberte knows the importance of establishing a foundation for financial independence for her son by opening a BDO Junior Savers account for him during the BDO Fiesta in Bacolod.

Christine, a former overseas Filipino planning to return to work abroad, feels peace of mind knowing that when she starts sending remittances to her son's account, his savings will grow securely.

"It’s comforting to know he now has a bank account that’s his alone,” she shares. “I can send money for his daily expenses and savings separately. His Junior Savers account is safe, nobody can touch it; it’s his to grow."

Starting 'em young

Parents like Christine can easily open a Junior Savers account at any nearby branch, starting from their child's birth. As the deposit reaches P2,000, it will earn interest and Rewards Peso Points.

It comes with a Special Design Passbook as an additional means to monitor a child’s savings. When the kid turns seven, he or she will receive a Junior Savers Debit card.

This Christmas, secure your children’s future by opening a BDO Junior Savers account. It's more than a bank account; it's a foundation for teaching them financial independence and responsibility.

With an initial deposit of only P100, Junior Savers helps kids develop a habit of saving and teaches them to handle their own money at a young age. It is affordable and ideal for most families who want to nurture sound financial habits.

Imagine your kids saving the aguinaldo they will receive this Christmas. Instead of spending money on new toys or gadgets, they can deposit it into their Junior Savers account. As they watch their savings grow, they will learn that achieving their life goals starts with discipline, patience, and a commitment to saving.

BDO and SM elevate the shopping experience for OF families w/ Kabayan Tuesday

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Papa P at SM City Caloocan for Kabayan Tuesday. Award-winning actor and BDO Remit brand ambassador Piolo Pascual mingles with overseas Filipino families during the formal launch of Kabayan Tuesday at SM City Caloocan last June 4.

For countless overseas Filipino families, SM is more than just a mall—it's a hub for shopping, bonding, and essential errands. Recognizing this, BDO Unibank has teamed up with SM to enhance these experiences through the innovative Kabayan Tuesday initiative.

“For the last 20 years, BDO and SM have been collaborating to teach overseas Filipinos and their families about saving and financial management through lively financial literacy seminars, complete with celebrities, games, and freebies at various SM malls," said Genie T. Gloria, BDO Senior Vice President and Head of Remittance. “Starting in 2024, we wanted to make their essential shopping even more rewarding by leveraging their Kabayan Savings. With Kabayan Tuesday, their trips to SM can now be not just fulfilling but also economical.”

Kabayan Tuesday: Exclusive savings and perks

Available every first Tuesday of the month, Kabayan Tuesday is BDO’s special way of thanking overseas Filipino families for their loyalty. By presenting their Kabayan Savings ATM card, passbook, or BDO remittance payment slip at any SM branch nationwide, customers can enjoy up to a 10% discount at popular SM stores including The SM Store, SM Appliance, Watsons, Miniso, Toy Kingdom, Surplus, Baby Company, Sports Central, ACE Hardware, SM Cinema, SM Game Park, SM Bowling, and SM Skating.

This exciting promo, which began on January 2, was officially celebrated on June 4 at the newly opened SM City Caloocan with a vibrant Kabayan Tuesday Mall Show featuring BDO Remit brand ambassador Piolo Pascual.

SM City Caloocan opened its doors to the public on May 17, offering a fresh destination for families. “With the opening of SM Caloocan, we saw an opportunity to hold our Kabayan Tuesday event here, knowing it’s a favored spot for overseas Filipinos and their families,” said Gloria.

The collaboration with SM has significantly boosted the number of Kabayan Savings account holders, and there's more to come. “We are continually adding more partners to provide discounts,” Gloria added.

More than just shopping discounts

Jonjon San Agustin, Senior Vice President for Marketing of SM Supermalls, emphasized the broader benefits. “Kabayan Tuesday is just one of the many rewarding experiences at SM. Customers can also take advantage of other promotions and additional discounts across departments.”

Even those without a Kabayan Savings account can enjoy Kabayan Tuesday discounts through Cash Pick-up of remittances at BDO Remit counters inside SM Stores, SM Supermarket, and Save More. “Claim your remittance, present the slip at the cashier, and enjoy the discounts,” explained Gloria.

Building a secure financial future

Gloria also highlighted the long-term benefits of having a Kabayan Savings account. “Regular use of a Kabayan account for remittances builds a solid banking record, which is beneficial for future loan or credit card applications. A good relationship with a formal financial institution like BDO is invaluable.”

Bank savings are also safer, being regulated by the Bangko Sentral and insured by the Philippine Deposit Insurance Corp. “Saving in banks means overseas Filipinos’ hard-earned money is more secure,” Gloria stressed. “That’s why they trust banks more.”

With Kabayan Tuesday, BDO and SM are not just offering discounts—they’re providing overseas Filipino families with more value, security, and a reason to celebrate each month.

20 years of BDO ShopMore Mastercard: MORE Rewards, MORE Fun!

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BDO Unibank celebrates the 20th anniversary of BDO ShopMore Mastercard by relaunching it with exciting new benefits and three new vibrant card designs, which applicants can choose from when they sign up.

Made from 100% recycled plastic, the new and improved BDO ShopMore Mastercard offers more rewards for more fun, such as:

• · FREE Membership Fee on the first year
• · 250 Welcome Bonus Peso Points after the first purchase
• · 2x Peso Points from everyday everywhere purchases
• · Extra Cashback instant savings, and year-round exclusive deals from in-store and online purchases from select partners*
• · Discounts on dining and food deliveries from select partners*
• · Buy Now, Pay Later deals from over 20,000 stores with 0% interest

*Terms and Conditions apply

“Enhancing BDO ShopMore Mastercard is our way of thanking our loyal clients and inviting new ones to enjoy its benefits,” said Ma. Nannette R. Regala, BDO Senior Vice President and Head of Consumer Banking Group Marketing. “For two decades, BDO ShopMore Mastercard has been an indispensable shopping partner for many Filipinos. With a simple dip, tap, or using BDO Pay scan-to-pay, it has allowed users to bring home essential items that make their lives more convenient and rewarding.”

As the market also shifted to digital payments, ShopMore Mastercard cardholders have come to experience the safety and convenience of online shopping through trusted apps and websites. Cardholders can benefit from year-round offers from BDO’s partnerships with top eCommerce platforms such as Lazada, Shopee, GrabFood, and foodpanda to name a few, and enjoy discounts with restaurants offering as much as 50% off. It’s definitely a more colorful and more fun shopping experience as ShopMore Mastercard cardholders can also choose from different installment options that fit their budget and lifestyle.

They can also use it abroad; BDO ShopMore Mastercard is accepted in over 20 million locations in around 275 countries and territories.

In commemoration of its two decades in the market, BDO is setting up booths in SM Megamall (Mega Fashion Hall) on May 28, SM Seaside City Cebu (Mountain Wing) on June 21, and SM North Edsa (The Block Event Area) on August 8 for clients and mall-goers to rediscover and appreciate BDO ShopMore Mastercard’s benefits and rewards.

Experience More Rewards, More Fun with the all-new BDO ShopMore Mastercard. Get yours today! Visit the ShopMore booths or apply online at www.bdo.com.ph/mc-shopmore.

5 Easy Tips Para Mapalago Ang Iyong Ipon

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BDO NETWORK BANK, EASY TIPS PARA MAPALAGO ANG IPON. Bigyang halaga ang pag-iipon sa bangko para laging handa sa oras ng pangangailangan. 

Kaliwa’t kanan ang advice tungkol sa pag-iipon. Pero para sa iba, madaling sabihin pero mahirap gawin. Huwag mag-alala, narito ang 5 na practical tips para mapalago ang iyong ipon at guminhawa ang buhay mo.

1. Dapat consistent ang pag-budget at pag-manage ng gastos

Ugaliing gumawa ng budget para sa iyong mga gastusin buwan-buwan. Mahalagang nakaplano kung saan mapupunta ang kita mo.

Maraming paraan, para ma-monitor ang gastos mo. Pwedeng mag-download ng app sa phone gaya ng “budget tracker” o “money manager.” Kung gusto mo naman ng personalized, gumawa ng sariling listahan sa iyong phone. Pwede ka din gumamit ng notebook. Basta kung saan ka komportable, yun ang gawin mo. Mahalagang makita kung pasok pa din sa budget ang mga ginagastos mo.

2. Alamin kung ano ang needs vs wants

Bago bilhin ang isang bagay, tanungin muna ang sarili, “Kailangan ko ba talaga ito?” Minsan kasi ang mga “wants” ay nagiging “needs” pag hindi nasusuring mabuti.

Alamin mo ang iyong priorities.  Ano ba ang mga bagay na mahalaga sa iyo? To do this, gumawa ng top 10 list ng mga bagay na kailangan mo. Tignan at ayusin ito base sa pinaka-importante at hindi gaanong importante.

Base sa listahan, makikita mo kung ano talaga ang kailangan at dapat unahin.

3. Mamuhay ayon sa iyong kinikita

Always aim to live within your means. Sa panahon ngayon, mahalaga maging praktikal. Kung hindi kaya ng budget, huwag nang ipilit.

Hindi kailangang makipag sabayan sa magagarang bagay na nakikita sa social media. Pwede ka naman maging cool at fashionable kahit na hindi branded ang mga gamit mo. Ang importante ay confident ka.

4. Simulan mag-ipon ngayon and make it a habit

Kahit na magkano pa ang kita o sweldo mo, pwede kang makaipon ng malaki kung sisimulan mo ngayon. Iwasan gastusin lahat ng bonus o kita, at maging one-day millionaire.

Subukan mo muna sa malit na halaga. Halimbawa, yung 100 pesos araw-araw, pag inipon mo mula ngayon hanggang December, pwedeng umabot ng 30,000. Para hindi mo magalaw ang inipon mo, mas mainam at secured pa kung mag-o-open ng savings account sa bangko.

Isa si Coco Martin, brand ambassador ng BDO Network Bank, na naniniwala sa importansya ng saving. Bata pa lang sya, tinuruan na siya ng kanyang lola na mag-ipon. Kaya naman hanggang ngayon handa sila sa mga hindi inaasahang panahon, tulad nitong sitwasyon ng pandemya.

Ayon kay Ramon T. Militar ng BDO Network Bank Community Banking Network Group, makakatulong kung ikaw ay may dalawang bank accounts. Isa para sa iyong sweldo, isa para sa iyong ipon.

5. Mag-loan lang ng halagang kailangan

Huwag madala sa mga nag-o-offer ng malaking loan. Bago mag loan, sagutin mo muna ang mga tanong na ito:

          a. Ito ba talaga ang kailangan kong halaga?

          b. Kaya ko ba ito bayaran on time?

          c. Ang pagkuha ko ba ng loan ay para sa negosyo na kumikita, or di kaya ay sa bagay

          na tumataas ang value, gaya ng lupa?

Kailangang pinagpaplanuhan din ang pag-loan para maingatan ang inyong credit status. Kung binabayaran mo ang loan mo on time, mas madaling makapag-loan ulit in the future. Ayon kay Alberto O. Quiogue ng BDO Network Bank Salary Loans Group, ang loan ay para matulungan ka at hindi para mahirapan ka. Iwasan ang loans para sa luho para hindi mabaon sa utang.

Maaaring bisitahin ang BDONB Facebook page (https://www.facebook.com/BDONetworkBankPH) o  ang BDONB website (https://www.bdonetworkbank.com.ph/) para malaman kung anong produkto at serbisyo ang tama para sa pangangailangan mo.

 

About BDO Unibank, Inc.

BDO is a full-service universal bank that provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, and credit card services. 

BDO has the country’s largest distribution network, with over 1,400 consolidated operating branches and more than 4,400 ATMs nationwide.  It also has 18 overseas remittance and representative offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America, and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of December 31, 2020. For more information, please visit www.bdo.com.ph.

The Asset names BDO 2020’s Best Bank in the Philippines

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BDO Unibank (BDO) was named the Best Bank in the Philippines for the 8th consecutive year during The Asset Triple A Country Awards 2020 which recognizes Asian issuers and global institutional investors for excellence in banking, finance, treasury, and the capital markets.

In the Best Adviser category, subsidiary BDO Capital & Investment Corporation (BDO Capital) brought home awards for the Best Corporate and Institutional Adviser-Domestic for the 6th time, the Best Equity Adviser for the 4th time, and the Best Loan Adviser for the 4th time as well.

In the Best Deal category, BDO and BDO Capital were individually recognized with Best Merger & Acquisition (M&A) Deal awards for their roles as sole lender and mandated lead arranger & bookrunner (acquisition financing), respectively, in the KKR-led consortium’s US$1.3 billion acquisition of a majority stake in Metro Pacific Hospital Holdings—the largest healthcare M&A in the country.

BDO was also awarded the Best Retail Bond in the same category for its P36 billion Fixed-rate Peso bond issuance, which was seven times more than the original P5.0 billion offer due to robust demand from individual and institutional investors.

Beyond the country awards, BDO Capital was bestowed with the Best Local Currency Green Bond Award under the Deal of the Year - Real Estate category in The Asset Triple A Regional Awards 2020.

The bank’s investment house was lauded for being the joint lead underwriter and joint bookrunner of the P3-billion Fixed-rate ASEAN Green Bonds of Arthaland Corporation. In line with the bank’s sustainability mission, the green bonds adhere to the ASEAN Green Bonds Standards, which require proceeds to be used exclusively for environment-friendly projects.

The Asset Triple A Country and Regional Awards have been organized by the Hong Kong-based financial publication for over 20 years. The Asset provides “authoritative, unbiased, and independent” coverage on Asia’s financial industry for corporate leaders and financial decision-makers.

The Asset’s 2020 Best Bank in the Philippines. BDO Unibank, Inc. and BDO Capital & Investment Corporation were recognized in the recent The Asset Triple A Country & Regional Awards. Among these prestigious accolades are the Best Bank in the Philippines for BDO in the country awards and the Best Local Currency Green Bond for BDO Capital in the regional awards.

7-Eleven Makes Bank Transactions Convenient With 320 Cash-Recycing ATMs

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Now you don’t need to travel far to your bank’s ATM whenever you need to deposit or withdraw cash —you can do your cash withdrawal and balance inquiry ATM transactions at 7-Eleven stores in Metro Manila and Cavite starting this March.

This convenience is made possible by Philippine Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, in partnership with Pito AxM Platform, Inc. (PAPI), a Philippine subsidiary of Seven Bank, Ltd. of Japan (Seven Bank).

The ATMs in 7-Eleven, operated by PAPI, are cash-recycling ATMs, which means customers can withdraw or deposit cash in real-time with any of its partner banks. Customers can now withdraw cash while the deposit functionality of the ATMs will be activated in the near future. The ATMs also have a unique feature of adapting the customer interface screen to that of the partner bank and thus providing a familiar, easy-to-use interface for users.

As of this publication, BDO Unibank account holders can withdraw cash and perform balance inquiries free of charge from the ATMs in 7-Eleven stores. Other bank account holders, through BANCNET, can also do withdrawal and balance inquiry transactions subject to ATM fees charged by their banks. PAPI plans to expand the number of partner banks in the near future to allow more convenient and cost-efficient banking services to more customers.

By the first week of March, customers can already conduct their bank transactions in more than thirty (30) 7-Eleven stores in NCR. PAPI and PSC aim to install ATMs in at least 320 stores by the end of the first half of 2021. This number will gradually increase throughout the year, with the end goal of covering the majority of 7-Eleven stores in the future.

Seven Bank, which operates more than 25,000 ATMs in Japan, established PAPI in April 2019 to promote its ATM business in the country. In February 2020, PAPI struck a business alliance with PSC, intending to install, operate, and maintain ATMs at 7-Eleven stores in the Philippines.

PSC operates the largest convenience store network in the country. It has 2,978 stores in the Philippines as of December 31, 2020.

For more information on where to find the ATMs, please visit https://www.7-eleven.com.ph/whatsnew/atms-in-7eleven-list-of-stores/.

Withdraw Anytime, Anywhere. BDO and BDO Network Bank ATMs are strategically located to ensure convenient cash withdrawals to accountholders.

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BDO ATMs offer convenient cash withdrawals to accountholders

BDO Unibank, Inc. and BDO Network Bank offer clients the most expansive ATM network in the country to continuously perform cash withdrawals anytime, anywhere. Currently, there are over 4,400 BDO and BDO Network Bank ATMs strategically located all over the Philippines.

These ATMs operate 24/7 at accessible locations where people go to or pass by regularly, such as corporate offices and commercial places like malls, and, even in locations near their residence.

Besides withdrawing cash, account holders can enjoy the following benefits:

• Check your account and Cash Card balances

• · Withdraw up to Php 50,000.00 cash per day

• · Transfer money (Fund Transfer) to enrolled or unenrolled BDO accounts or select BancNet member bank accounts

• · Pay your bills through our wide selection of Billers and Merchants

• · Load SMART, Globe, and Touch Mobile (TM) prepaid mobile phone and broadband services

• · Avail of cash advance from your Amex, JCB, Mastercard, Visa, Diners, KFTC, and UnionPay credit card

At select ATMs, account holders can also make card-less cash withdrawals using biometrics (fingerprint and/or facial recognition) or a QR Code generated via the BDO Digital Banking App.

Account opening made easy

BDO understands the value of cash accessibility. While a lot of people have resorted to online banking amid the pandemic, many still prefer to withdraw their cash.

For those who wish to take advantage of the bank’s wide ATM network, just follow these easy steps:

1.     1. Fill out online form here: https://www.bdo.com.ph/personal/accounts/how-to-open-an-account

2.     2. Select your preferred BDO branch and the date and time of your visit.

3.    3. Bring the minimum cash deposit and two valid IDs during your branch appointment to complete your application. Cash deposit amount varies depending on the type of account.

 

BDO Foundation rehabs 6 health centers

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After reaching a major milestone last year with the rehabilitation of 100 rural health units, BDO Foundation continues to help improve health facilities across the country. The corporate social responsibility arm of BDO Unibank recently completed the rehabilitation of six rural health units as part of its contribution to the achievement of the United Nations Sustainable Development Goal no. 3 to ensure healthy lives and promote the well-being of all people of all ages.

As part of continuing efforts to help improve the healthcare delivery system in the Philippines, BDO Foundation rehabilitated six rural health units in Iloilo, Isabela, and Western Samar with the support of officers from BDO and BDO Network Bank branches.

Despite constraints caused by the pandemic, the foundation renovated the Municipal Health Office of Aurora in Isabela, Calbiga Rural Health Unit and Birthing Facility in Western Samar, and Rural Health Unit Dapa in Siargao, Surigao del Norte. In Iloilo, it renovated Dueñas Municipal Health Office, Barotac Viejo Municipal Health Office, and Birthing Facility, and Mina Municipal Health Center.

According to Dueñas municipal health officer Dr. Rodney Labis, “Understanding the financial capacity of our local government unit, I knew that our only chance to renovate Dueñas Municipal Health Office would be through BDO Foundation. Learning that the foundation will rehabilitate our building made me hopeful. Our staff was also excited because they have seen the foundation’s work in other rural health units in Iloilo.”

“The rehabilitation of our rural health unit not only made our building presentable, but it also motivated our health workers to deliver services effectively to all Dueñasanons especially during this time of the COVID-19 pandemic,” the doctor added.

BDO Foundation improved the layout and interior design of the six health centers, their lobby and waiting areas, offices, clinics, consultation rooms, treatment rooms, and facilities. The foundation installed new furniture and fixtures to help health workers accommodate more patients. It also constructed play areas where children can read books or play with toys. In Mina Municipal Health Center and Rural Health Unit Dapa, available space enabled BDO Foundation to build waiting areas for the comfortable use of senior citizens.

With these improvements in place, the doctors, nurses, and midwives of the rural health units in Aurora, Barotac Viejo, Calbiga, Dapa, Dueñas, and Mina are now better equipped to provide primary healthcare services to thousands of constituents. BDO Foundation’s corporate citizenship initiatives in the aforementioned municipalities are expected to help improve the health and well-being of more than 197,000 people from 198 barangays.

BDO posts P28.2 billion net income in 2020

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BDO Unibank, Inc. (BDO) posted a net income of P28.2 billion in 2020 from P44.2 billion in 2019, due mainly to pre-emptive provisions of P30.2 billion set aside against potential delinquencies from the pandemic. The Bank relied on its strong and resilient business franchise and balance sheet to support core business operations, despite significant hurdles from the pandemic and ensuing economic lockdown. 

Net interest income (NII) grew by 12 percent to P133.7 billion.  Loans managed to grow 3 per cent to P2.3 trillion driven by consumer and corporate accounts.  The Bank continued to assist its borrowing clients, ensuring their uninterrupted access to credit facilities, in addition to granting loan moratoria under Bayanihan I and II.  

CASA deposits continued to climb, growing 17 percent to P2.1 trillion, as clients were able to access BDO products and services through its branches, ATMs and digital channels even during quarantine restrictions.  

Non-interest income declined 8 percent and settled at P55.2 billion, supported by fee-based income, trading gains and insurance premiums.  Business volumes were initially impacted by mobility restrictions, but have since begun to recover gradually.  Wealth management, on the other hand, remained resilient with trust volumes and fees sustaining growth.  Trading gains increased as the Bank capitalized on favorable market conditions while insurance premiums grew modestly despite the initial impact of the lockdowns.

Operating expenses decreased 2 percent to P112.6 billion due to a reduction in marketing and volume-related expenses.

The Bank’s provisions of P30.2 billion were in line with prudent credit and provisioning policies, meant to further strengthen its balance sheet.  The NPL ratio stood at 2.65 percent with NPL coverage at 109.5 percent. As of yearend, the Bank’s total Loan Loss Reserves were equivalent to 3 percent of Gross Customer Loans, and are considered more than sufficient to cover for potential losses.

The Bank’s capital base expanded to P393 billion with its Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) at 14.4 percent and 13.2 percent, respectively, comfortably above minimum regulatory levels.   The Bank’s capital increased by 6% despite the pre-emptive provisions and the business impact of COVID-19. Book value per share likewise increased 6% to P88.11 from P83.03 in 2019.

BDO remains cautiously optimistic on a gradual upturn in 2021. With its extensive market reach and devoted workforce, the Bank remains committed to providing banking products and services attuned to its customers needs. These include digital upgrades that allow easier and safer access to services, such as QR code-based ATM and merchant transactions. These are part of the benefits expected from its ongoing Next Generation IT upgrade. 

 

About BDO

BDO is a full-service universal bank that provides a wide range of corporate and retail banking services.  These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services.  

BDO has the country’s largest distribution network, with over 1,400 consolidated operating branches and more than 4,400 ATMs nationwide.  It also has 18 overseas remittance and representative offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of December 31, 2020. For more information, please visit www.bdo.com.ph.

No need for a Card! BDO Unibank offers QR Code Withdrawals From Select ATMs

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Good news!  No need for a Card, as customers and clients can now make card-less, QR Code-based withdrawals from select BDO ATMs. 

 BDO Senior Vice President and Head of ATM Network & Applied Payment Solutions. Tovi Mendoza, said :

“Withdrawing using QR Codes is now available in the Philippines, Now, our clients will enjoy faster and more convenient transactions, and most importantly, limit the risk of catching COVID-19 since they will touch the ATM surface a lot less.”

"The new service will benefit those who are encouraged to stay home for their health and safety. Despite our security controls, however, we remind our clients to entrust their Withdrawal QR Codes with others prudently,” Mendoza noted.

 

How to do QR Code withdrawals

To generate a QR Code, login your BDO Digital Banking App. Click on “More” from the options. Select “Withdraw” then “Via QR.” Pick the account, input the amount, and save the QR Code.

Each QR Code is unique to each withdrawal transaction. It is valid for only 24 hours upon a generation to protect your account. BDO clarifies though that a Withdrawal QR Code is different from the Account QR Code used to Send Money.

To withdraw, tap “QR Code Transaction” on the ATM screen and allow the machine to scan your QR Code. Pick if you would like a receipt or not, then wait for the machine to dispense your cash.

Currently, there are over 100 QR-enabled ATMs in Makati City. This year, the bank is looking at installing more of these upgraded machines nationwide. Learn more about the feature, and find a branch near you at: https://www.bdo.com.ph/withdraw-via-qr-code