Did BPI charge an amount with the “05SI service charge“ description to your account? Don’t know what it means? Read on!
Time to Update
I first wrote about this topic in 2016. Like some, I dunno what is it for. So, to get an answer, I called BPI.
Fast forward, today, May 30, 2020, I noticed that the same charge topped a list in Google Trends. I then checked my old post’s stats and saw that there are still some accessing it.
I thought it’s time to make an update. So, I created this separate post.
So, what is 05SI service charge?
IT is the sum of the fees for withdrawing cash via non-BPI ATMs. The current fee is 15 pesos per transaction.
So, let’s say, I have a BPI debit mastercard. Then, this May, I’ve withdrawn cash via a BDO ATM on two separate days. Therefore, BPI will charge me 30 pesos (15 x 2).
Based on my observation, BPI charges the fee real-time. However, after the cut-off, or once the system updates, they return the money. They will then charge the fee(s) again at once by the end of the month or whatever. Like this:
BPI charged me 15 peso 05SI this month. That is because I only had one cash withdrawal via a third-party ATM.