Mga bangko, nagagamit na rin sa transaksyon ng ilegal na droga — PNP

admin   •   October 24, 2014   •   3613

FILE PHOTO: Pag-wi-withdraw ng sa isang ATM (UNTV News)

MANILA, Philippines – Aminado ang PNP Anti-Illegal Drugs Special Operations Task Force (AIDSOTF) na nahihirapan sila sa bank-to-bank transaction na ginagawa ng mga sindikato ng illegal drugs.

Ito’y dahil hindi sapat ang pondo ng AIDSOTF upang magdeposito ng malaking pera bago makipagkita ang mga drug operator.

Ayon kay AIDSOTF Legal & Investigation Division Chief Inspector Roque Merdegia, karaniwang ipinahuhulog ng mga drug operator sa bangko ang bayad bago ideliver ang droga.

Dagdag pa nitos, maging ang remittance services ay nagagamit na rin sa drug operations.

“Magulang ba rin ang mga drug lord, wala nang kaliwaan ngayon, bank to bank na.”

Gayunman, sinabi ni Merdegia na ginagamitan na lamang nila ng abilidad upang makumbinsing makipagkita sa kanila ang mga drug operator.

“Masilaw sya don sa halaga ng value na alam nyang hawak na ng operatiba kaya mapililitan syang lumutang, so gumagawa ng napakaraming dahilan ang ating mga operatiba para mapilitang lumutang yung suspek at iabot sa operatiba yung droga,” saad pa ng opisyal.

Sa ngayon ay nakikipagtulungan din sila sa ibang unit na mayroong mga gadget upang matunton kung saan nagtatago ang mga drug operator. (Lea Ylagan / Ruth Navales, UNTV News)

Solon urges BSP to name banks asking for higher ATM fees

Robie de Guzman   •   August 16, 2019

Image by Peggy und Marco Lachmann-Anke from Pixabay

MANILA, Philippines – Makati City Representative Luis Campos Jr. on Friday urged the Bangko Sentral ng Pilipinas (BSP) to name the banks that are asking for higher charges on automated teller machine (ATM) transactions.

Campos noted the BSP’s Consumer Financial Protection Department could release the names of banks that have already submitted applications for ATM fee adjustment.

“The banks are bound to be identified anyway, considering that both the House and the Senate are poised to launch separate inquiries,” he said in a statement.

Campos earlier said the House of Representatives is set to conduct an inquiry into the looming increase in ATM charges following the lifting of the moratorium imposed by the BSP in 2013.

Senator Grace Poe, who chairs the Senate Committee on Banks, Financial Institutions and Currencies, also said they are eyeing to investigate the reported plan to increase ATM fees that is seen to further burden Filipino workers.

READ: House seeks inquiry on looming ATM fee hike

READ: Poe eyes probe on plan to hike ATM fees

A BSP official earlier disclosed that less than 10 banks have already petitioned to raise their ATM transaction fees. At least one bank, however, is actually seeking permission to slash its ATM user fee.

“That’s good news. If one big bank can bring down its ATM charge, presumably due to economies of scale, why can’t the rest of the big banks do the same?” Campos said.

Economies of scale with respect to ATM operations simply means that the bigger banks with more machines achieve greater cost-savings from the higher level of use.

“While it might be understandable for the smaller banks with fewer ATMs to want to raise their fees, it might be harder for the bigger banks to justify their plans to jack up charges,” Campos said.

Currently, banks are charging between P10 to P15 per interbank withdrawal transaction, and P2 to P2.50 per interbank balance inquiry.

Campos noted that a number of banks had wanted to push up their ATM charges by as much as 50 percent before the BSP ordered a standstill in 2013.

He said the five largest full-service universal private banks in terms of market capitalization at the Philippine Stock Exchange are BDO Unibank Inc. (BDO), Bank of the Philippine Islands (BPI), Metropolitan Bank & Trust Co. (Metrobank), Security Bank Corp. and Philippine National Bank (PNB).

The solon noted that BDO has over 4,000 ATMs, not counting the 976 ATMs of sister lender China Banking Corp.

BPI has over 2,100 ATMs, while Metrobank has over 2,300 ATMs, excluding the 575 ATMs of subsidiary Philippine Savings Bank (PSBank).

Security Bank has 760 ATMs, while the PNB has 1,395.

Meanwhile, the state-owned LandBank of the Philippines (LBP) has 2,099 ATMs.

Campos noted that Surigao del Sur Representative Johnny Pimentel wanted the BSP to explain why it suddenly decided to lift the moratorium.

The Department of Trade and Industry led by Secretary Ramon Lopez also on Wednesday vowed to fight the looming increases in ATM fees.

Solons urge Congress to regulate ATM fees

Robie de Guzman   •   August 13, 2019

MANILA, Philippines – Bayan Muna Representatives Carlos Zarate and Ferdinand Gaite on Tuesday said they are set to refile a bill urging Congress to regulate fees of automated teller machines (ATM) amid looming increase in transaction charges.

The move follows the lifting of the six-year moratorium imposed by the Bangko Sentral ng Pilipinas (BSP) on ATM fee increase.

Zarate and Gaite said the proposal aims to provide for a standard rate of ATM transaction fees and charges, and require the posting of a notice of said fees and charges on ATMs’ screens and monitors prior to the completion of any transaction.

In the 16th Congress, Bayan Muna filed House Bill 2105 to counter the increasing ATM charges but nothing happened to the bill, according to the lawmakers.

Zarate said a review on disclosure requirements to consumers and the actual costs incurred by banks should be made and shown to consumers, before entertaining any talk of fee increase.

“Mukhang tataas na naman ang sisingilin mula sa atin sa paggamit ng ATM pero ang mga bangko naman talaga ang kumikita dito mula pa dati at pera natin ang ginagamit nila. Ngayon tataasan pa nila ang kinukuha sa atin. Dapat talaga ay tingnan na agad ito ng Kongreso para makita kung totoo ang sinasabi ng mga bangko,” Zarate said.

“Banks already earn profits when the salaries and wages of workers are coursed through them by employers, they should not further extract profit from the workers who need every peso of their earnings,” he added.

Gaite, meanwhile, wants the BSP to explain the proposed ATM fee increase.

The BSP earlier said that banks cannot increase ATM charges without its approval.

The central bank also assured it will examine if requests to adjust ATM fees are clear and reasonable.

READ: House seeks inquiry on looming ATM fee hike

Makati Rep. Luis Campos Jr. earlier sought an inquiry into the possible increase in ATM charges amid concerns that banks would jack up charges by as much as 50 percent based on the rates they proposed before the moratorium was implemented in 2013.

BSP says banks can’t hike ATM fees without approval

Robie de Guzman   •   August 13, 2019

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Tuesday assured the public that banks’ charges on automated teller machine (ATM) transactions will not be increased without its approval.

In a statement, the BSP said it will examine each request and decide if the adjustment in ATM fees is warranted to cover the cost of maintaining the ATMs.

“Should an increase be necessary in order for banks to continue providing ATM services to the banking public, the BSP will ensure that the increase will be reasonable,” it said, adding that adjustments will adhere to pricing principles provided under BSP Circular No. 980 dated 6 November 2017.

The BSP made the statement after concerns on a possible increase in ATM fees following the lifting of the six-year moratorium in charge hike this year.

Makati Rep. Luis Campos Jr. earlier sought an inquiry into the possible increase in ATM charges amid concerns that banks would jack up charges by as much as 50 percent based on the rates they proposed before the moratorium was implemented in 2013.

READ: House seeks inquiry on looming ATM fee hike

“The BSP assures the public that its policy on ATM fees is guided by best industry practices and that it is driven with the broader welfare of consumers in mind,” it said. 

“Towards this end, the BSP has issued regulations that require banks to adhere to the principles of reasonable and market-based pricing in their ATM operations. As such, banks cannot increase the ATM fee on their own,” it added.

The BSP said that any bank that intends to adjust ATM fees must file a request indicating their proposed fees, as well as the costs currently incurred by the bank with respect to its ATM activities.  

The central bank said the costs declared should be “clear, properly supported,” and maybe validated by the BSP when deemed necessary.

The BSP also disallows the imposition of set fees arising from agreements between market participants.

In any case, the BSP said fees should be lower than the charges collected from transactions made over-the-counter (OTC) and comply with transparency in pricing.

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