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BSP limits cash withdrawals to P500k a day

19 September 2025
in Business
Reading Time: 2 mins read
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BSP limits cash withdrawals to P500k a day
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The Bangko Sentral ng Pilipinas (BSP) is implementing a new cash withdrawal limit of P500,000 per day in a move to curb money laundering risks involving large cash transactions.

BSP Governor Eli Remolona Jr. issued on Thursday Circular No. 1218 directing all supervised financial institutions (BSFI) to implement “enhanced due diligence (EDD) on large value cash-related payments and transactions.”

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