In compliance with BSP Circular No. 1218 (Regulation on Large Value Cash Transactions), all customers making cash withdrawals or payouts exceeding P500,000 (or its equivalent in foreign currency) are required to present a valid government-issued ID and state a valid purpose for the transaction, supported by appropriate documentation.
To ensure smooth and timely processing, customers are advised to prepare the necessary documents in advance and coordinate with their branch of account prior to the transaction.
Thank you for cooperation and understanding.
