The Monetary Board is allowing banks to extend operating hours and services even without securing regulatory approval, Bangko Sentral ng Pilipinas said Tuesday.
Philippine banks are required to operate a minimum of six hours a day, five days a week.
But if banks intend to lengthen the schedule of operations, Bangko Sentral said bank management merely need to send a prior notice to the central bank Supervisory Department under the new rules.
The revised rules also allow banks to render full banking services during the extended period, which include deposits, withdrawals, check processing, bank certification, payment order, check re-order, bills and loan payments.
“The new framework recognizes the evolving needs of financial customers, especially those who require banking services beyond current regular business hours,” Bangko Sentral said.
“This is firmly in line with the BSP’s thrust of empowering financial consumers, which is essential to fostering the stability of the financial system,” it added.
Under the previous rules, banks needed to secure central bank approval before modifying banking hours and providing services during the extended period. – Danessa O. Rivera/VS, GMA News
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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