Wednesday, May 12, 2021

Three Ways to Avoid Paying ATM Fees

Ever felt that you know you have this balance in your bank, but upon checking it's less than what you have in mind? You know that all you did was balance inquiry using another bank's ATM.

When I was an employee, I need to check if my salary got credited because I need to buy milk and diaper for my kids. It just so happens that my bank's one and only ATM is offline. So I went on to the next ATM which is owned by another bank. I checked my balance, took the amount I need and went on to buy at the grocery. You know how we moms have this list of expenses, every centavo we spend is listed. And we know when the amount on our list does not match what's in the bank. I am missing almost P200(!!!), and that's a big issue for moms like us. Only to find out while talking to a coworker that she also lost the same amount of money, and we did the same thing, we used another bank's ATM. 🤦🏻‍♀️

Recently, I read an advisory from Banko Sentral ng Pilipinas (BSP), that starting April 7, automated teller machines (ATMs) will adopt the "acquirer-based ATM fee-charging (ABFC) model.

What is ABFC?

It is a market-based pricing model that lets the ATM-owner-- who invests in the machines and infrastructure to service cardholders--set the fees for transactions. Currently, ATM owners (usually banks) are only given a fixed share in fees collected.

Under the ABFC, usage of ATMs of a cardholder's own bank shall remain free of charge. However, using ATMs of different banks shall include fees that would vary depending on the owner's business model, deployment strategy, pricing scheme, etc. Cardholders will be empowered to chose an ATM terminal that charges the lowest fees and provides more reliable service. 

It's great that I have an account with BDO. And as a cardholder, I have nothing to worry about the ABCF implementation. I can continue to withdraw and check my account balances FREE OF CHARGE from any BDO and BDO Network Bank ATM because they have more than 4,000 ATMs combined, strategically located all over the country, and accessible 24/7. 

Truth is that all banks have that fee because it is a necessary fee. If you think they charge too much, there are ways to avoid paying ATM fees:

1. Open an account with a bank with a wide ATM network like BDO (Just like what I did!) It's easy to open an account with BDO. Click HERE.

2. Withdraw from your own bank's ATM - Under the ABFC, transactions in ATM terminals of the cardholder's own bank shall remain free of charge. 

3. Go digital! - Especially now that we have to lessen going out during this pandemic. Use alternative payment solutions such as debit/prepaid cards, QR codes, or fund transfers via PESONet and Instapay. These are quick, safe, and convenient payment options available to consumers anytime, anywhere. 


I can say that I'm happy and safe because we are more into digital when buying necessities for our home and family. If we need to go out, every corner in our area we have BDO ATM so that's FREE withdrawals. 😉

Now let me share with you a few reminders when doing online transactions.

📌 Anti-scam safety tips: 

- Never ever share your bank account numbers (both Debit/Credit), PINs, and CVV

- Never share your online bank account details (username, password, and OTP)

- Your bank will NEVER ask for you to verify your account or your bank account details to verify your transactions.

Let us all be vigilant. Even fraudsters now are digitally inclined. Be cautious and careful, be knowledgeable, because it pays to know.

52 comments:

  1. Thanks for sharing
    Such a big help

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  2. True yan ma asawa ko imbis na kunti nga lang sahod,may deduction pa nung nagwithdraw sya sa ibang machine.. ..hindi naman dw ganyan nung nakaraan kaya nagulat sia ng pinabongga.nice one BDO ,tell ko tung good news kay hubby..

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  3. Wow, so helpful naman ng blog mo mommy, now I know need ko na magxfer tlga ng bank account kc itong previous ko eh napakalaki ng charge during withdrawals on other atm machine. 15 pesos for every transactions which is napkalaking amount. Now I want to transact only at BDO which is safer and wide branches nationwide. Thanks for the tips mommy and how to avoid to be scammed. God bless po and stay safe....

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  4. Ten peso can't be count as 10 if it is lacking of 1peso kaya every centavo counts lalo na sa ating mga nanay na ngbubudget ng lahat,god thing here's BDO is,they really find ways for us.

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  5. Wow! Nice talaga ang BDO..they always find ways to help the consumers. Maganda toat laging tipid talaga.Thank you po

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  6. Dati din momsh nung sa beepcard nag work asawa ko palaging sumasakto sa weekdays Ang sahod minsan sarado ung Bangkok or ATM machine na winiwidrwahan nemn so need namen mag hanap ksi need ng mamili para sa pagkain palaging nabawasan ng kalahti Ang sahod nya sa isang araw na sahod nakakapanghinayang un . Pero good thing Ang ganda ng BDO ah no widrawal fee

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  7. Super ganda talaga at Safe sa BDO kaya ito ang pinipili ng karamihan.
    Siguradong secured ang pera natin

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  8. It's a must to be wise specially nowadays,thanks to BDO their are many branches Nationwide,free charge pa,and thanks for the tips,we must be cautious about scams and the like,

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  9. Yes, big issue din po sakin Ang mga charges ,, kahit nga po 5 pesos Lang, Lalo na po siguro Yung ganyan kalaki momsh 200 pesos imagine marami pa akong nabibili sa halagang Yan ,tapos mapupunta Lang sa charge.
    Salamat sa pag share nitong about sa BDO momsh laking tulong nito.

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  10. These are helpful,we should aware of it

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  11. Thankyou For sharing ‼ The best pla tlga ang BDO po .. trusted ❤

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  12. I am in to digital payment too mommy and I can say mas convenient gamitin lalo sa pag gogrocery. Big issue talaga yung amount na nababawas sa ATM everytime na nag babalance or nag wiwithdraw ako.especially kung employee ka tapos sa ATM napapasok ang salary need talaga i balance.

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  13. So nice nman ng bdo free charges pag nagwithdraw. Sa Bdo din ako nagwiwithdraw ng pension ni nanay kahit my charge ok lang kasi madali magwithdraw at alam kong safe sa bdo

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  14. thanks po sa info mommy reylen...bdo rin po ang atm ng asawa ko dahil nga po madami syang branches nationwide bukod diyan madali po siyangi monitor through online

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  15. thanks for this tips to avoid paying atm fees. Also for the friendly reminder for fraud and scams. BDO really find ways💙

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  16. thanks for this tips to avoid paying atm fees. Also for the friendly reminder for fraud and scams. BDO really find ways💙

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  17. thanks for this tips to avoid paying atm fees. Also for the friendly reminder for fraud and scams. BDO really find ways💙

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  18. Maganda pala dito kay bdo dahil wala na charge kapag nag widraw ka sa kanila true para sating mga nag wiwidraw malaking bagay yung kinakaltas sa pag widraw natin kaya naman ang ganda ng ginawa ni bdo sa mga atm holder dahil laking tipid at tulong ito it kanila

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  19. Sa BDO they find ways tlaga. A ways na mas mapadali Ang Pag cash out and cash in ng pera. Ang maganda pa Dito pag Bank to Bank it's free of charge. Very systematic and hastle free. Sa BDO alam mo n safe Ang pera mo♥️💜👍


    ♥️♥️Cheng Broquiza♥️♥️

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  20. . Truly helpful for us mommy to secure our money thanks to bdo they find ways for the better of there costumer

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  21. kaya pala mas indemand ang BDO ngayon..Free of charge and no worries din dahil maraming ATM terminals na nakakalat kahit saan sating lugar .. As a mom , every centavo is important to us kaya good news na may BDO ... thanks mommy for sharing this good news and for sharing narin ng safety tips para iwas scam..

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  22. wow ..tnx for sharing mamsh ..

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  23. Thanks for sharing this mommy. Hirap kasi pag nag withdraw may fees pa. Lalo na kung maliit lang ang sinasahod tapos may bawas pa. Buti nlang at may bdo. Always find ways talaga para sa ting mga Fipilino. 💗😍

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  24. Ganyan din nangyare sa hubby ko momsh nagwiwithdraw kasi siya sa BDO eh metrobank yung atm niya tapos ayun nabawasan nga ng 200 yung salary niya

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  25. ganyan din kay hubby ko ma nangyare din sa kanya na nakaltasan siya ng 200 sa atm niya. thanks for sharing tips po😊

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  26. We find way tlga Sa bdo. Big save din Ung walang charge pag ng withdraw ka NG money. Kya mas convinced un. Thank you for sharing mommy ❤️❤️❤️

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  27. We find way tlga Sa bdo. Big save din Ung walang charge pag ng withdraw ka NG money. Kya mas convinced un. Thank you for sharing mommy ❤️❤️❤️

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  28. Great Service naman ito ng BDO..Nice One..Problem ko din yan pag magwithdraw sa ibang banks may bawas talaga..buti pa sa BDO we saved goods

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  29. Thanks for sharing this info momsh very helpful po talaga,at para maging aware din po ang lahat ng atm holder.Nyay nakakasad naman po yong ganyan na ang laki ng nawawala sa laman ng atm ng dahil lang sa fee pag nagwithdraw,lalo na at every centavo po talaga ay mahalaga sa ating mga nanay.Naku buti nalang po at may BDO di na tayo magwoworry sa charge dahil free of charge na,malaking bagay na din kasi yong charge fee.Nakakatuwa pa kasi ang daming BDO ATM talagang di na tayo mahirapan magwithdraw di na kailanhan pang lumayo.

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  30. Kahit sino naman po momsh hindi talaga gaganda ang pakiramdam kung biglang di mo inaasahan e nabawasan yong laman ng atm mo e lalo na po sating mga nanay sobrang halaga kahit piso pa yan.Agree po ako sayo na dapat po talaga e may alam or aware tayo sa charges kung magwithdraw tayo.Kaya dapat po talaga kung ano yong card natin e dun tayo magwithdraw..like BDO po isa sa pinaka the best na bank and ATM,nakakatuwa po dahil kahit saan e may BDO ATM kahit saan pwede na tayong magwithdraw.Tsaka dapat din po iwas scam tayo..mag doble ingat sa mga scammer.

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  31. Proud user po nang bdo. Ang galing lng ksi safe ang pera mo sa bdo. Nakakatuwa ksi wlang fee charge. Saka kahit saan may bdo. Less hassle ksi kahit wlang cash if may bibilhin ka you can use yiur bdo atm. If ever alanganin ay wla ka cash on hand you can withdraw anywhere na bdo atm machine. Napaka galing tlaga. Saka sa murang halaga makakapa open account kna. At bilis lng makukuha muna agad atm mo. Proud user tlaga ako.

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  32. very nice bdo. talagang bdo will always find way thank you for this helpful and informative blog.

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  33. I’ve been an employee for more than 10 years and as a receptionist being the one who made bank transactions as one of my duties, I knew some of do’s and don’ts dahil the bank itself ang nagsasabi sa amin kung ano ang dapat gawin. Pero syempre, dapat talaga maging “sobrang” maingat po tayo sa mga accounts natin lalo na sa panahon ngayon. And thank you din dahil ang ating mga banko ay laging nagpapaalala patungkol sa bagay na ito.

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  34. BDO find ways talaga to help us financially secured lalo na sa panahon ngayon,every peso counts.Laking tipid kapag dito ka magwiwithdraw kasi free of charge and hassle-free pa.Salamat sa pag-share Mommy,madami po kaming natutunan na maisi-share din namin sa iba.

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  35. Wala pa naman ako na experience na ganito mommy. Maiiyak siguro ako kapag ganito nangyari like you said po every centavo matters lalo na ngayon. Kaya kami ni husband lagi kami nagreremind sa isa't isa tulad po ng mga never share password or yung mga emails na kung ano ano ang hinihingi.

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  36. True,for parents na hindi naman kalakihan ang sweldo, every centavo counts. Kaya malaking bagay talaga na umiwas tayo sa mga transactions na may pinapataw na charges. Choose wisely! At yan ang kagandahan ng BDO na kahit saan e marami ka makikitang ATM machines. Galing dba! Thank you for all the tips! 👍

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  37. Thanks for sharing.. always find ways tlaga Ang bdo❤️

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  38. Best and trusted brand tlga ang BDO.. thanks for sharing this ma����

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  39. Best and trusted brand tlga ang BDO.. thanks for sharing this ma����

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  40. Sa hirap ng buhay ngayon,every penny count.Masakit sa bulsa na makakaltasan ka by just balancing your ATM card.Lalong malaki ang kaltas once magwithdraw.So it's a relief to have an account (sa bangko)na bukod sa very accessible e hindi pa mababawasan a ng balance mo.

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  41. yes true gusto ko rin 2 for my son

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  42. Sabi nga every centavo counts especially sa ating mga mommies. Thanks BDO.

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  43. This is nice to know. Thank you for sharing tips. :)

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  44. For me mas ok din sakin yung BDO kasi magpapakatiwalaan at wLang kaltas pag nagwithdraw, thanks for sharing

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  45. Oh my! Buti na lang mommy nabasa ko to. Thanks for sharing. I’ll be more and extra careful talaga in using ATM machines. Grabe na talaga ngaun! Haays.

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  46. Maganda po talga bdo yan po gamit nmin safe and secure ang future mo

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  47. This is helpful mommy, thank you for sharing! 💖☺

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  48. Dati medyo di ako tiwala sa bdo dahil may issues na lumalabas dati about bdo but nung nagwork ako and bdo ang gamit namin na atm pang sahod, sobrang tiwala ko na sa bdo dahil kahit nag iiwan ako minsan ng pera sa card ko at kapag dadating na yung time na need ko na gamitin ang pera still andun pa din sya, kaya nakakapag save din ako sa bdo ng pera �� thanks bdo!!! ❣️

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  49. Every peso count,kahit piso lang ang bawas malaking bagay n yun lalo n ngayon n ilang araw lang lng pasok sa work..thank for sharing this mommy big help

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  50. Bdo din po kame, ang kagandahan po ung balance inquiry kapo hinde napo sya makikita sa screen kundi mag print nalang po. at ung kahit 89 pesos po pwede po ma swipe un ganun po kasi ginagawa ko sayang po kasi ung tira sa sahod nang mr ko po.. Winnie L. Cruz

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