BPI announces new check format for mobile deposits | ABS-CBN
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BPI announces new check format for mobile deposits
BPI announces new check format for mobile deposits
Benise Balaoing,
ABS-CBN News
Published Mar 28, 2025 12:49 PM PHT
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Updated Mar 28, 2025 02:36 PM PHT
MANILA — Bank of the Philippine Islands is requiring a new format for check deposits made through its mobile app.
MANILA — Bank of the Philippine Islands is requiring a new format for check deposits made through its mobile app.
Starting April 1, customers who will deposit their checks electronically need to write "BPI/" followed by the payee's BPI account number above the payee name.
Starting April 1, customers who will deposit their checks electronically need to write "BPI/" followed by the payee's BPI account number above the payee name.
On the back of the check, meanwhile, they will have to write the date of the mobile check deposit and the payee’s signature.
On the back of the check, meanwhile, they will have to write the date of the mobile check deposit and the payee’s signature.
The old format required clients to write the payee's account number at the back of the check.
The old format required clients to write the payee's account number at the back of the check.
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BPI said it will clear checks in the current format — as shown below — only until March 31.
BPI said it will clear checks in the current format — as shown below — only until March 31.
The bank said the new requirements are in line with the Philippine Clearing House Corporation (PCHC)'s updated mobile check deposit requirements.
The bank said the new requirements are in line with the Philippine Clearing House Corporation (PCHC)'s updated mobile check deposit requirements.
The lender said its app's mobile check deposit facility accept checks below P500,000.
The lender said its app's mobile check deposit facility accept checks below P500,000.
BPI said mobile check deposits will also be processed under the same clearing rules as checks deposited at brick-and-mortar bank branches. Checks deposited after 3 p.m., on weekends, or on holidays will be processed on the next banking day.
BPI said mobile check deposits will also be processed under the same clearing rules as checks deposited at brick-and-mortar bank branches. Checks deposited after 3 p.m., on weekends, or on holidays will be processed on the next banking day.
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