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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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Supporting Maynilad’s Landmark IPO, Advancing Water Services in the Philippines

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We are proud to have supported Maynilad Water Services in its landmark Initial Public Offering (IPO)—the second-largest IPO in Philippine history. This milestone reflects our commitment to connecting leading organizations with global investors through our extensive distribution network, supported by our expertise in public issuances and sector insights.

Watch the video to learn more about Maynilad’s journey and how HSBC’s partnership continues to help shape the future of water services in the Philippines.

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