Travelers visiting the Philippines often rely on ATMs to access cash using their international credit cards. While the process is generally straightforward, there are a few essential details to understand to ensure a hassle-free experience. Here's what you need to know about withdrawing money with international credit cards in the Philippines.
ATM Payout Limits
Most ATMs in the Philippines impose a daily payout limit of 20,000 PHP per transaction. This limit may vary slightly depending on the bank, but 20,000 PHP is the standard cap you’ll encounter. If you need more cash, you may need to make multiple transactions, each subject to the same limits and fees.
Transaction Fees
When withdrawing with an international credit card, ATMs in the Philippines typically charge a flat fee of 250 PHP per transaction. This fee is added to the amount you withdraw. For instance:
- If you withdraw 20,000 PHP, the total amount deducted from your account will be 20,250 PHP.
- If you withdraw a smaller amount, such as 10,000 PHP, the total deduction will be 10,250 PHP.
It’s worth noting that your home bank may also charge additional fees for international transactions, so it’s a good idea to check with them beforehand to understand the total cost.
ATM Compatibility
Not all ATMs in the Philippines will work with every international card. If an ATM does not recognize your card or the transaction fails, don’t worry—it’s common for compatibility issues to arise. Simply try using an ATM from another bank. Major banks such as BDO (Banco de Oro), BPI (Bank of the Philippine Islands), Metrobank, Landbank, and PNB (Philippine National Bank) are widely available across the country and often support international cards.
ATMs displaying the Visa, MasterCard, Cirrus, or Maestro logos are generally the best options for international withdrawals. However, machine outages or connectivity issues can occasionally occur, especially in more remote areas, so plan accordingly.
Tips for a Smooth Withdrawal Experience
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Withdraw Larger Amounts to Minimize Fees
Since the 250 PHP fee is charged per transaction, withdrawing the maximum amount of 20,000 PHP per transaction will help reduce the effective percentage of fees. -
Carry Backup Cards
If your primary card fails to work or gets declined, having a backup card can save you from being stranded without cash. -
Inform Your Bank Before Traveling
Notify your bank about your travel plans to the Philippines to avoid potential blocks on your account for suspicious activity. -
Look for ATMs in Urban Areas
Cities and large towns usually have multiple ATMs, increasing your chances of finding one that works with your card. Rural areas may have fewer machines, so withdraw sufficient cash before traveling to remote locations. -
Keep Emergency Cash
While ATMs are widely available, power outages and technical issues can sometimes make them temporarily inaccessible. Carry some cash in Philippine pesos for emergencies.
Conclusion
Withdrawing money using international credit cards in the Philippines is generally convenient but comes with specific costs and considerations. Be prepared for the 20,000 PHP payout limit per transaction and the 250 PHP fee per withdrawal, and always have a backup plan in case of ATM incompatibility. By keeping these tips in mind, you’ll ensure a smooth and stress-free experience accessing cash during your visit to the Philippines.
