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Important Service Advisory: Larger Cash Withdrawals Exceeding ₱500,000.00

To our Valued Customer,

We wish to inform you that the Bangko Sentral ng Pilipinas (BSP), through Circular No. 1218, Series of 2025, has issued new regulations on large value cash transactions effective, Monday, 06 October 2025.

Large cash withdrawals exceeding ₱500,000.00 or its foreign currency equivalent shall only be made, facilitated, or transacted through cheque payment, fund transfer, direct credit to deposit accounts, and/or other form using digital platform or the HSBCnet app. The PHP500,000.00 limit maybe carried out in a single transaction or in series of transactions within one (1) banking day.

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ASEAN Business Guide to The Philippines

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Offering a gateway to business in Southeast Asia, the Philippines is an exciting, diverse and beautiful place from which to do business. As the government rolls out an ambitious infrastructure program that will improve connectivity and productivity across the country, we see huge opportunities for businesses to capitalise on what is already a recognised hub for outsourcing while building new trading relationships.

Our Business Guide to The Philippines and ASEAN is a first step in connecting to these opportunities. HSBC is here to support you on your journey with our local expertise, product capability and knowledge, and global connectivity.

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