Client Advisory: Regulation on Large Value Cash Transactions

Per BSP Circular No. 1218 series of 2025,

Large value payouts (e.g. withdrawals) of more than P500,000.00 or its equivalent in foreign currency, shall only be made, facilitated, or transacted through the following:

• check payment,
• fund transfer,
• direct credit to deposit accounts, and/or
• other form using the digital payment platform of the bank

In compliance with this, Effective October 07, 2025, customers with large cash out transactions exceeding P500,000.00 will be required to present additional identification information and/or proof of a legitimate business purpose or transaction.