Yes, you can withdraw internationally from a BPI debit card. BPI debit cards allow cash withdrawals at ATMs outside the Philippines, though specific fees apply for such transactions.
Can I withdraw internationally from BPI debit card?
Yes, you can use your BPI debit card for international withdrawals at ATMs that accept Mastercard or Visa (depending on your card type) globally. When performing international transactions, it's important to be aware of the associated fees and charges.
Understanding International Withdrawal Fees
When you withdraw cash or perform other transactions internationally with your BPI debit card, several fees may be incurred. These charges are standard for international banking services and are important to consider when managing your travel budget.
Here's a breakdown of the typical fees for international transactions using your BPI debit card:
| Transaction Type | Service Charge |
|---|---|
| International Withdrawal | USD 3.50 or 1.75% of the withdrawal amount (whichever is higher) |
| International Balance Inquiry | USD 1.00 |
| International ATM Decline | USD 1.00 |
In addition to these direct service charges, there's also a foreign exchange (forex) mark-up applied when converting currencies:
- Forex Mark-up: An additional 1% for selling rates and a deduction of 1% for buying rates, relative to BPI's published exchange rates. This mark-up accounts for the cost of currency conversion.
Tips for International Withdrawals
- Check Daily Limits: Be aware of your daily withdrawal limits to avoid multiple small transactions that could incur separate fees.
- Notify BPI: Although not always mandatory, it's often a good practice to inform your bank of your travel plans to prevent your card from being flagged for suspicious activity and temporarily blocked.
- Locate Compatible ATMs: Look for ATMs displaying the Mastercard or Visa logo (depending on your debit card's affiliation) for successful transactions.
- Keep Track of Expenses: Monitor your withdrawals and associated fees to stay within budget and understand your spending while abroad.
For the most current information on fees and charges, you can always refer to the official BPI website's Debit Card Fees page.
