BSP Rules on Deposit Pick-up Services

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BSP CIRCULAR NO. 118: BSP Rules on Deposit Pick-up Services

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Title Supreme Court: BSP Rules on Deposit Pick-up Services

Law: Bsp Circular No. 118

Decision Date: Dec 26, 1996

BSP Circular No. 118 establishes regulations for deposit pick-up services by banks, requiring a minimum deposit threshold, stringent qualifying criteria, and security measures, including the use of armored cars and armed guards, to ensure the safe collection of client deposits.

deposit services

banking regulations

monetary board

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