The maximum amount of money you can withdraw from the ATM per day is Php 25,000. While the maximum amount of withdrawal per transaction/per dispense in the ATM is Php 10,000. And the maximum number of withdrawals allowed is 5 times.
> Maximum Withdrawal in Every Transaction (or in every withdrawal): Php 10,000
> Maximum Withdrawal Per Day: Php 25,000
Why does BDO limit the ATM withdrawal per day and per transaction? This is for security purposes. It is to avoid greater financial risks or damage to your account.
For example, your ATM card has been hacked or skimmed. Someone whom you don't know uses your ATM card which contains 1 million pesos. And he withdraw money from it. He will be limited to the maximum amount of withdrawal per day which is Php 25,000. So, he cannot withdraw all the money (all the 1 million pesos) in one day.
So, if the next day, you know that your ATM account has been compromised, you can immediately report the incident to the bank (BDO Customer Service) and get your ATM account blocked. In that way no one can access your ATM account anymore. No more unauthorized withdrawals will happen.
What if you want to withdraw more than P25,000 during that day for emergency reason? Does BDO allow that?Yes. You can withdraw more than the maximum limit thru calling BDO's customer service.
Are you satisfied with the Php 25,000 ATM withdrawal limit per day of BDO?