RegAlert2026-07-24
Added · Updated
Interim Currency Servicing Arrangements at the BSP Cagayan de Oro, General Santos, and Ozamiz Branches
Effective 03 August 2026, the BSP Cagayan de Oro, General Santos, and Ozamiz Branches suspend fit currency deposits and the standard twenty-working-day verification period, accepting only unfit currency. Currency deposit and withdrawal transactions are restricted to 9:00 a.m. to 1:00 p.m., Monday to Thursday, while a just-in-time cash shipment arrangement requires banks to submit withdrawal requests at least one week prior to the scheduled date.
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Classification: GENERAL
OFFICE OF THE DEPUTY GOVERNOR I REGIONAL OPERATIONS AND ADVOCACY SECTOR MEMORANDUM NO. M-2026-_____ To : All Banks Transacting with BSP Cagayan de Oro, General Santos, and Ozamiz Branches Subject : Interim Currency Servicing Arrangements at the BSP Cagayan de Oro, General Santos, and Ozamiz Branches To ensure the continued delivery of safe, secure, and efficient currency services to banks transacting with the BSP Cagayan de Oro, General Santos, and Ozamiz Branches, please be advised that the BSP will undertake renovation and retrofitting works on the respective branch buildings. In the interim and pending the completion of these works, the concerned BSP branches shall implement temporary operational arrangements to ensure the uninterrupted provision of currency deposit and withdrawal services. Effective 03 August 2026 and until further notice, the following temporary adjustments to currency servicing shall be observed:
a. Suspension of fit currency deposits - Only unfit currency deposits shall be accepted; b. Suspension of the standard verification period – The standard twenty (20)- working-day processing period for the verification of currency deposits shall be temporarily suspended; and
c. Revised servicing hours - Currency deposit and withdrawal transactions shall be
accepted from 9:00 a.m. to 1:00 p.m., Monday to Thursday.
In addition, the concerned BSP Branches shall transition to a just-in-time cash shipment arrangement for currency withdrawal transactions. The implementation date shall be announced separately by each BSP Branch. Upon implementation, banks shall be required to submit their currency withdrawal requests at least one (1) week prior to the scheduled withdrawal date to facilitate the timely processing and preparation of their currency requirements. For guidance and information. BERNADETTE ROMULO-PUYAT Deputy Governor __ July 2026 Electronically signed by Bernadette R. Puyat 24 July 2026 24
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Source: Bangko Sentral ng Pilipinas — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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