Services | Cashless Withdrawal FAQs | China Bank Philippines (2024)

How much is the service fee?

Php 10 fee per withdrawal will be deducted from your source account.

What are the eligible accounts for NOW?

Peso Deposit ATM and Cash Card Accounts are eligible for NOW transactions.

How long is the validity of the created NOW transaction?

The transaction is valid for 24 hours.

How many NOW transactions can I make per day?

For NOW, you can make two (2) transactions per day, except when you have already withdrawn Php 20,000 in your first transaction.

Can I cancel my created NOW transaction?

Yes, you can cancel your NOW transaction anytime. From the list of your NOW transactions, swipe left on the chosen transaction and click on Cancel. Confirm by entering the OTP you will receive. Take note that when you cancel your transaction, the service fee will not be refunded.

How will I know if my NOW transaction is successful?

SMS notification will be sent to your registered mobile number when your NOW transaction is successful. You may also check the status of your transaction from the list of created NOW transactions.

In case of unsuccessful NOW transactions, what should I do?

For Cancelled, Failed, and Expired transactions, the transaction amount will be automatically reversed. However, the transaction fees will not be reversed or refunded. In case the transaction amount was not reversed, you may contact our Customer Contact Center at (632) 885-5888.

What would happen if I entered incorrect details when fulfilling the NOW transactions?

For NOW transactions, you have four (4) attempts to withdraw or transfer the amount. After four (4) invalid attempts, the status of the transaction will be “Failed”, and the transaction amount will be automatically credited back to your account. However, the transaction fee will not be reversed or refunded.

Is my ATM Card withdrawal limit different from the NOW limit?

Yes, your ATM Card daily withdrawal limit of Php 20,000 is different from your NOW daily limit of Php20,000.00.

Services | Cashless Withdrawal FAQs | China Bank Philippines (2024)
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