BDA is a deposit product that meets the need of the unbanked and low-income sector for an affordable and easy-to-open account.
Simple and practical reminders to safeguard your deposits
Practical Reminders to Protect Your Financial Investments
Investing Tips
Tips on Protecting your Account
Safeguard Your Automated Teller Machine (ATM) Account/Card and Personal Indentification Number (PIN)
To enhance transparency and competitiveness among banks and electronic money issuers (EMIs) that provide electronic payments to their customers, BSFIs are required to submit to the BSP (in accordance with BSP Circular 980) the details of all fees that will be charged to their clients when performing electronic payments.
The BSP continuously looks for ways to improve our banknotes in response to the evolving needs of Filipinos and the availability of modern technologies. This calls for the use of polymer substrate, which is known to be more hygienic and sanitary, durable and cost-effective, secure and difficult to counterfeit, and sustainable.
In April 2022, the BSP began the circulation of the new and improved 1000-Piso polymer banknote. This will be used alongside the 1000-Piso paper banknotes.
The New Generation Currency (NGC) Banknote Series now in circulation was first issued in December 2010. The BSP launched in 2020 enhanced Philippine banknotes that are more responsive to the needs of the elderly and the visually impaired, and feature the latest anti-counterfeiting technology.
Launched in 2018, the New Generation Currency Coin Series features historical figures and native flora.
The BSP is deploying coin deposit machines, or CoDMs, in partner retail establishments across the Greater Manila Area to encourage the public to deposit their idle coins in the CoDMs and to promote efficient coin recirculation in the country.
Through the CoDM project, the BSP aims to address the artificial coin shortage in certain areas of the country and help ensure that only fit and legal tender currency is readily available for public use.
The Consumer Assistance Management System is an avenue provided by the BSP for financial consumers to escalate their concerns against BSP-Supervised Financial Institutions (BSFIs) when they feel aggrieved by its conduct, products and services, and over-all handling of their issues. The CAMS is also a tool used by the BSP to ensure that BSFIs are responsive to the needs of their clients.
In line with the BSP’s advocacy to promote financial security among Filipinos, the BSP is pushing forward PERA or Personal Equity and Retirement Account. Created under Republic Act No. 9505, PERA is a voluntary retirement savings program which supplements state-based pension plans and/or employer-sponsored retirement plans.
Reminders on Opening PERA Account
Before investing in any financial product such as PERA
BSP's Economic and Financial Learning Program (EFLP) provides virtual learning sessions on key economic and financial concepts, developments, and issues. The learning sessions are intended to help the BSP promote public understanding of essential BSP policies and initiatives, which generally affect the economic and financial well-being of all Filipinos.
Online Database for Financial and Economic Learning materials
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