BPI Encourages Account Holders to Maximize Moblie Check Deposit Feature

The Bank of the Philippine Islands (BPI) is urging Filipinos to use the BPI app's Mobile Check Deposit feature, which allows clients to deposit checks in five minutes. ​

“As part of BPI's customer obsession culture, we have developed the Mobile Check deposit feature on the BPI app, allowing customers to conveniently transact anytime, anywhere. While the channel to transact is new, the same rules on clearing remain the same, thus customer need not worry about any delays in crediting the deposits to their accounts,” said Fitzgerald Chee, Head of Consumer Platforms.

BPI Preferred, BPI Gold, and BPI Private Wealth clients can presently use the Mobile Check Deposit feature for free. Local checks below P 500,000 can be deposited using the app, and clients can track their deposit status as an added feature.

Before depositing a check through the BPI app, the following information must be placed on the back: "Bank of the Philippine Islands" or "BPI," the date of deposit (MM/DD/YYYY), the BPI account number, and the client's signature. A physical copy of the check must be kept for 12 months in case of a dispute.

Clients may deposit at any time. Checks deposited after 3 p.m. (PHT), or on weekends and holidays, will be processed the next banking day.

With this feature of the BPI app, BPI continues to digitalize transactions as part of its Phygital strategy. “As everyday transactions are migrated onto its digital platforms, branches can now take on a more advisory role -- helping our clients do more and maximize opportunities to grow their funds,” Chee added.