In a groundbreaking move towards more inclusive access to banking, The Bank of the  Philippine Islands (BPI) proudly announces a major expansion of its services, enabling BPI  account holders to deposit and withdraw cash at partner retail stores without any additional  charges. This innovative initiative is designed to transcend the boundaries of traditional banking  and bring accessible financial services directly to the heart of every Filipino community.

Prince Express in Gun-ob, Lapu-Lapu City

In partnership with Prince Stores and Prince Retail Group, this service marks another  pioneering move by BPI to extend its reach to more Filipinos, benefiting both unbanked  individuals and but also enriches the banking experience for existing BPI Depositors. "Last year,  we partnered with retail giants in the country to offer more Filipinos easy access to BPI products  such as savings accounts, credit cards, auto, housing, and personal loans, and insurance  products. This year, partner stores will also begin serving existing BPI account holders, allowing  them to deposit and withdraw cash from the nearest partner store. Together with our retail  partners, we are defining what it means to bank, to reach, to connect, to thrive" said Jose Teodoro Limcaoco, BPI President and CEO, during the official inauguration of the service in  Cebu on August 5.

BPI Team with Prince Express at the ceremonial Funds Deposit at Prince Express Gun-ob

The initiative streamlines cash deposits and withdrawals by leveraging established retail  locations, making banking more convenient for customers who may not have easy access to  traditional bank branches or ATMs. By integrating banking services with everyday retail  experiences, BPI is setting a new standard for banking accessibility in the Philippines.

Prince Stores representative with Jose Teodoro Limcaoco, BPI President and CEO (3rd from Left)  and Rally Jereza, BPI Agency Banking Head (4th from Left)

Rally Jereza, BPI Agency Banking Head, highlights that the initiative completes BPI’s vision of  building “mini BPI hubs” in retail partners. “From allowing Filipinos to avail of BPI products in  both physical and digital platforms, we are finally extending access to regularly sought-after  bank transactions through established retail stores. This is aligned to the mission of the Bank to  build a better future for all Filipinos, one family, one community at a time” said Jereza. Jereza also promises ease of use and security for customers while transacting with partner  stores. "Cash deposits and withdrawals through partner stores are straightforward and designed  to provide seamless, secure, and rewarding experience to our customers.

Naa Nay BPI diri signage posted at the entrance of Prince Express Gun-ob

This initiative reflects  our commitment to innovation and customer-centric solutions, ensuring that Filipinos can feel  safe transacting with retail businesses when it comes to their hard-earned cash, just as they  trust BPI,” customers can also take advantage of exclusive offers when they avail of BPI  products, deposit, and withdraw through partner stores – including a FREE 1-year accidental  protection of as much as P75,000* when they open a BPI #SaveUp.

A BPI staff made a transaction at BPI Counter inside Prince Express Gun-ob. In the background are BPI staffs.

To deposit and withdraw through partner stores, BPI account holders can go to a BPI partner  stores, approach a store personnel, provide any government-issued ID, and an active BPI registered mobile number.

The first bank to operate in Cebu, BPI branch near the Basilica del Sto Nino de Cebu.

Coinciding with the centennial celebration of the first bank in Cebu, BPI continues to be a  trailblazer in the Philippine banking industry especially here in Cebu. The service is currently available in select Prince Stores and Prince Retail Group branches, with plans for nationwide  expansion soon. 

*Subject to BPI/MS policy terms and conditions and to new BPI depositors only. To learn more  about this promo, visit https://bit.ly/BPIMSSaveUp.