Posted on December 14th, 2008
The latter part of December will see a long holiday starting from December 25 to January 1. This being case, entrepreneurs are worried that with the banks being closed for many days, they might have problems managing their cash flows.
But as far as Banco De Oro (BDO) is concerned, their clients need not worry as they have adjusted their working days to ensure continued banking services during the very hectic days of the holiday season.
With Christmas eve, December 24 being the last official banking day of the year, December 26, 29 andÂ 31 are declared non-working days.Â But BDO understands the implications this long holiday could bring to their clients and Philippine commerce in general, they made the adjustments to allow clients to have access to banking products and services when they need it most.
BDO who has pioneered providing banking services beyond the normal banking hours and days will have close to 500 branches that will be opened during the weekend as well as the declared non-working days within the period December 26 to December 31. Their branches located inside the SM malls will be operating during the holiday week.
Of course, aside from their branches, BDO also has a network of more than 1,200 ATM nationwide. While some who may opt to do their banking transactions online via the myBDO internet banking facility, they can do so if they got their account enrolled for the said facility.
This initiative of BDO might have other banking networks following, especially with the Bangko Sentral ng Pilipinas announcing that banks may be allowed to continue operating during the eight-day break to service their clientsâ€™ banking needs.
BSP said that banks who may wish to avail of the option should inform the BSP at least two banking days before the holiday of which their offices will be open. However, banks who would be open for the said days would be allowed to service only their clientsâ€™ deposits and withdrawal transactions.
With President Arroyoâ€™s declaration of December 26, 29 and 31 as special non-working days under Proclamation No. 1463, it effectively blocking off the period from December 25 to January 1 resulting to a long holiday break.