BSP CIRCULAR NO. 86, S. 1995

: Banks in the Philippines are required to observe a minimum five-day banking week for the conduct of their business.
: Yes, subject to compliance with other relevant laws, banks may open and transact regular banking business for more than five days a week, including Saturdays and Sundays.
: No, banks may open and transact regular banking business on official and special holidays falling on their regular banking days without the need to notify the BSP.
: Banks must transact business for not less than six hours a day.
: Banks can select their daily banking hours between 8 o'clock in the morning and 8 o'clock in the evening.
: Yes, banks located in the Ninoy Aquino International Airport and the Malabon, Navotas fishports are exceptions to the minimum six-hour daily banking requirement and the designated banking hours.
: Banks must comply with the minimum six-hour daily requirement for the five regular banking days, but they may choose the number of hours to transact business on the additional days beyond the five regular banking days.
: Banks must regularly observe and report their banking hours during all days they are open to the Supervising and Examining Sector (SES) of the Bangko Sentral ng Pilipinas.
: The Bangko Sentral ng Pilipinas (BSP), specifically through the Monetary Board, governs the regulations on banking days and hours.
: The Circular took effect immediately upon its adoption on September 11, 1995.