P10 Charge Per Withdrawal at Own Bank

Correct! what happened to the annual fee we are paying.. If that would be the case.. well they should start counting the days of their existence because I'm sure that a lot of clients will back out to have an accounts with them because of that very expensive transaction. wowww stress : (

Wow, what could be their basis for charging withdrawals even at their own ATM machines? Maintenance? But as far as I know, the mere fact that you bank with them, there are certain monthly bank charges that they already take out of your savings, right? That is not good.

this is ridiculous. this is like squeezing their own customers to earn more money for their own good. the bankers are really having their sweet time earning so much fat paycheck at the expense of savers and depositors. how can they punish their own depositiors? i hope the other banks do not follow this action by Unionbank.

Hello Blebchel, there's a simple solution for me, and that is to finally transfer it to another bank in a time deposit. if they are going to push through with this, i have no choice but to limit my withdrawing of my money from Union Bank for at least two to four months to avoid too much fees.

Thanks for the heads-up. I haven't been withdrawing at the bank's ATM machine because their main branch is quite far away? Does anybody here here knows the rates when I withdraw on another bank's ATM? I think 10 pesos is a bit much. That's more than I would pay in a fare. I understand the rationale around it but it doesn't mean that I should accept it as it is. Granted that I only have two cards but any small fees from them will definitely come together and it will have a good difference for their profit. I guess as a small bank with a steady of customers (mostly due to online transacts) , Union bank can capitalize on it and pull this off. Now, if we can find a way or an alternative, they might be singing a different tune. I don't expect them to give me an explanation, they're a bank! But I guess some few us can have techniques to go around their policy.

OMG! I think that's too much because Unionbank has been charging 350php as annual fee for the EON Card. YOu're right, they should have an announcement first.We are clueless why they need to charge P10fee per withdrawal.

Wow that is really bad I guess you should have a campaign of some sort so that it will be noticed by media. I think that is too much already. I know it is okay to charge if you withdraw in other ATM machinces since there is a bank to bank fees for transferring the money you took from other ATM machines but f you withdraw from their ATM machine there should be no more fees incurred since it is happening from within the bank.

Why? Yes, it is insane, even if it is just a little amount.. It is quite unreasonable.. They should definitely provide an explanation ,since that is one of the reasons why we always use the appropriate ATM, so we will not be charged a fee. Where did you read it?

This seems to be excessive charges for their clients. This move may defeat their purpose of earning more as they will be losing patronage.

That is insane.. The reason why people even bother to use the proper ATm with their bank accounts is because there is not extra charge. I hope they willtake it back, or even give a very good reason for it.

I think this is being unreasonable. The fact the EON cards are owned by Unionbank, they shouldn't be charged with 10 pesos per transaction. I think it will be reasonable if you withdraw in your EON card using other bank's ATM like i always do. And to think that there's already the annual fee of 350 pesos.

This is not a good news . I have the EON but i didn't used it .It is quite big , BPI is like getting only 5 pesos only. Whatever is their rationale they need to tell the public and public deserved to be informed.

i also use the eon card but there's no near union bank in our place so i withdraw either with the metrobank or bpi atm. i really take note of their withdrawal charge. but i really think the members owe an explanation to this. i also think that their annual fee is too high that it's better to just open a new account every year.

They should make a valid explanation for this. It's not proper just to make an announcement on their Facebook page. There should be a formal letter address to each and every customers. P10 is quite high considering that we are also paying for annual fee. I hope they will realize this and not pursue their plans.