News/Advisories

Date Posted
ADVISORY ON ATM FEE:

Starting April 7, 2021, ENTERPRISE BANK, INC., will be shifting from Issuer-Based Fee Charging to Acquirer-Based Fee Charging (ABFC) Model in compliance with Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2019-020. This means that all Non-EBI ATM cardholders will be charged a withdrawal fee of P15.00 for every transaction and P2.00 for every balance inquiry transaction made at any Enterprise Bank, Inc. ATMs. While EBI ATM cardholders transacting at other bank’s Automated Teller Machine (ATM) will be charged of fee which will vary depending on the ATM owner. ATM Fees will be displayed on the ATM screen with the option to cancel the transaction if you do not wish to pay the fee. EBI cardholders transacting at EBI Automated Teller Machine (ATM) will remain free of charge.

Feb 17, 2021
Advisory:

We are pleased to inform all our Checking Account holders that effective 4 January 2021 Enterprise Bank Inc. (EBI) will be in full implementation and direct participation with the Philippine Clearing House Corporation (PCHC). As a result of this successful transition to direct clearing with PCHC, EBI checks to be cleared through conduit clearing with Land Bank of the Philippines (LBP) will be acceptable until December 29, 2020 only. Thus, we are requesting our valued clients who still hold EBI checkbooks to be cleared through Land Bank of the Philippines (LBP) to kindly surrender them to your respective EBI branch and ask for replacement of your checkbooks, free of charge. Thank you for your understanding during this transition and continued patronage. We are committed to provide you excellent service. The Management Enterprise Bank, Incorporated (EBI)

Dec 07, 2020
BSP ADVISORY:

OFFICE OF THE GOVERNOR MEMORANDUM NO. M-2020- 068 To All BSP-Supervised Financial Institutions (BSFIs) Subject Implementation of Section 4(uu) of the R.A. No. 11494 on the “Bayanihan to Recover As One Act’* All BSFls are immediately required to comply with Section 4(uu) of R.A. No. 11494 or the “Bayanihan to Recover One Act,” which took effect last 15 September 2020* (Annex “A”). Section 4(uu) of R.A. No. 11494 requires all covered institutions to implement a mandatory one-time 60-day grace period to all loans that are existing, current and outstanding falling due, or any part thereof, on or before 31 December 2020. The mandatory one-time 60-day grace period shall apply to each loan of individuals and entities with multiple loans. BSFIs shall not charge or apply interest on interest, penalties, fees or other charges during the mandatory one-time 60-day grace period to future payments/amortizations of the borrowers. They are likewise prohibited from requiring their clients to waive the application of the provisions of the “Bayanihan to Recover As One Act.” No waiver previously executed by borrowers covering payments falling due until 31 December 2020 shall be valid. The accrued interest for the one-time 60-day grace period may be paid by the borrower on staggered basis until 31 December 2020. Nonetheless, this shall not preclude the borrower from paying the accrued interest in full on the new due date. The parties may agree to: (1) a grace period longer than 60 days, and/or (2) payment of accrued interest on staggered basis beyond 31 December 2020. For immediate compliance. BENJAMIN E. DIOKNO Governor 18 September 2020 Republic Act No. 11494 or the Bayanihan to Recover as One Act was published in Manila Bulletin on 15 September 2020.

Oct 20, 2020
BSP MEMO:

OFFICE OF THE GOVERNOR MEMORANDUM NO. M-2020- **- To : All BSP-Supervised Financial Institutions Subject : Implementing Rules and Regulations (Rules) and Frequently Asked Questions (FAQ) on Section 4(uu) of the R.A. No. 11494 or the “Bayanihan to Recover As One Act” Pursuant to Memorandum to All BSP-Supervised Financial Institutions (BSFls) No. M-2020-068 dated 18 September 2020 on the implementation of Section 4(uu) of Republic Act (R.A.) No. 11494, otherwise known as the “Bayanihan to Recover As One Act” (BARO Act), the attached Rules and FAQ are hereby issued to provide additional guidance and clarification on the implementation of Section 4(uu) of R.A. No. 11494. BSFIs shall post Memorandum No. 2020-068, this Memorandum, and the attached Rules and FAQ on their official websites or in the case of BSFls with no websites, in a conspicuous place in their head offices/branches. BSFls are enjoined to send adequate notices to their clients that clearly communicate details of the BSFl’s implementation of the grace period. For guidance. BENJAMIN E. DIOKNO Governor 28 September 2020 Alt.: A/S IMPLEMENTING RULES AND REGULATIONS OF SECTION 4(uu) OF REPUBLIC ACT NO. 11494, OTHERWISE KNOWN AS THE BAYANIHAN TO RECOVER AS ONE ACT FOR BA/\/CKO SENTRAL SUPERVISED INSTITUTIONS RULE I PRELIMINARY PROVISIONS Section 1.01. Title. These rules (“Rules”) shall be known and cited as the Implementing Rules and Regulations of Section 4(uu) of Republic Act No. 11494, otherwise known as the “Bayanihan to Recover as One Act.” RULE II DEFINITION OF TERMS Section 2.01 Definition of 7erms. As used in these Rules, the following terms shall mean: (a) “Covered Institutions” shall refer to all Bangko Sentral Supervised Financial Institutions (BSFls) with lending operations and shall include banks, quasi-banks, non-stock savings and loan associations, credit card issuers, trust departments/corporations, pawnshops, and other credit granting entities under the supervision of the Bangko Sentral. (b) “Loan Amortization” means a scheduled periodic payment that is applied to both loan principal and interest. (c) “Due Date“ means the date on which the payment of principal and/or interest, including amortization, falls due. (d) “Maturity” means the date of final payment of principal and/or interest of a loan, after which the loan is considered fully paid. RULE III MANDATORY GRACE PERIOD Section 3.01 Mandatory Grace Period. All Covered Institutions shall implement a non-extendible, mandatory one-time sixty (60)-day grace period for all existing, current and outstanding loans with principal and/or interest, including amortizations, falling due on or before December 31, 2020 without incurring interest on interests, penalties, fees, or other charges. The parties are not precluded from mutually agreeing to a grace period longer than 60 days.

Oct 20, 2020
ADVISORY:

Enterprise Bank, Inc. (A Thrift Bank), will be implementing the provisions of RA 11469, otherwise known as the “Bayanihan to Heal As One Act”. As we continue to closely monitor the public health impact of the coronavirus outbreak (COVID-19) in the country and comply with all directives and advisories from the government, its various agencies and health authorities, especially on the enhanced community, we encourage our clients to contact our branches through our Account Officers and Branch Heads for further inquiries and other financial needs. Please check the updated contact numbers of our branches in our website https://www.enterprisebank.ph/directory or reach out to customercentral@enterprisebank.ph.

Apr 12, 2020