Latest Stories

BSP to service cash withdrawals on Wednesday



MANILA, Philippines–The central bank’s payments and settlements office will be operational on Wednesday, a nonworking holiday, to allow banks to refill their automated teller machines (ATM) with cash.

This comes after two days of heavy rains and flooding, which forced the Bangko Sentral ng Pilipinas’ (BSP) payments and settlements office to close down. Financial markets have also been closed all week due to bad weather that has paralyzed nearly all of Metro Manila.

“The BSP will service cash withdrawals of banks tomorrow (Wednesday), a public holiday,
to help banks replenish their ATM units,” BSP Deputy Governor and
officer-in-charge Nestor A. Espenilla Jr. said in a statement Tuesday.

As of Tuesday afternoon, 90 percent of all ATMs in Metro Manila still had enough cash to service deposits and remained in operation in spite of the heavy flooding on Monday and Tuesday.

But to ensure that the public had enough cash to get them through the rest of the week, the BSP decided to serve cash withdrawals by banks, which are not usually done on holidays, Espenilla said.

“The payments and settlements office of the BSP will also operate tomorrow to settle interbank ATM transactions,” Espenilla said.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: banks , BSP , Business , cash withdrawals

  • Karma.chameleon

    Sounds good! What about the funds I transferred from my Paypal account last Thursday?

    I bank with BPI and Paypal says processing is from 2 to 4 days. And guess what? It has been 5 days. The longest has been 3. Anyway, I understand the weather and all but what I don’t understand is why a multibillion peso bank like BPI does not have a contingency plan to credit my remittance on time. If the funds were needed for vital medication, eeeekkk.. patient dead…. if the funds were needed for tuition, eeeeekkkk… no exams for the kids… worst of all, if the funds were needed for food, eeeeekkkkk….. drink lots of water and see me after 6 days…

    And its a frigging holiday today…. I guess I just have to bite my tongue, stop typing and wait…

    Oh… and for you who are experiencing the same thing, don’t bother calling BPI’s hotline. It will literally set your hair on fire. Inutil na mga canned answers.

  • JOHNCeneza

    We have too much holidays..

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Quezon City cops carry crosses to atone for their sins
  • Tens of thousands travel by sea this Holy Week
  • Police: Dad smothered toddler to play video game
  • 7 killed in shooting in China-Vietnam border
  • Chinese trade group to mediate shoe factory strike
  • Sports

  • Pacquiao shorts in Bradley fight sold for P1.7M in LA auction
  • Ryu pitches Dodgers past Giants
  • Alonso sets the pace in Chinese GP practice
  • Heat seek Three-peat but Spurs, Pacers top seeds
  • Can Spurs get back at Heat? Can they survive West?
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Whoopi Goldberg debuts as marijuana columnist
  • ‘X-men’ director accused of sex assault on teen boy
  • Business

  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Barbie doll has a problem
  • Oil prices mixed ahead of long Easter weekend
  • Technology

  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • DoH denies Filipino nurse no longer positive for MERS virus
  • WHO warns vs spread of MERS-Cov, urges vigilance in taking precautions
  • Last call for nominations to ’14 Presidential Awards
  • San Francisco business coalition slams proposed tax on sugary drinks
  • A ‘time-travel’ production of ‘Les Miserable’ at Stanford
  • Marketplace