Advisory on Cash Advance Fees
Effective April 7, 2021, the Monetary Board has approved the implementation of Acquirer-Based Fee Charging (ABFC) for all local banks. With this, Cash Advance transactions/withdrawals made at non-RCBC ATMs will be charged corresponding fees by Acquirer bank. Fees will vary and depend on the bank. The Acquirer-Based Fee will be on top of the Cash Advance fee. To forego being charged Acquirer-Based fee for Cash Advance transactions, we encourage you to withdraw at any RCBC ATM.
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