Banking Days and Hours Regulation Amendments

Monetary Board Resolution No. 980 dated August 30, 1995 authorizes banks, subject to compliance with other relevant laws, to open and transact regular banking business for more than five (5) days a week and even during Saturdays and Sundays.
BSP exercises its rule-making authority through this Circular by amending the relevant provisions of the Manual of Regulations for Banks and Other Financial Intermediaries.
The amended rules apply to banks including their branches and other offices doing business in the Philippines.

Banks must comply with a minimum five-day banking week while retaining discretion on which selected days each banking unit will open.
The framework permits banking operations beyond five (5) days a week and during Saturdays and Sundays, subject to the required reporting to the BSP Supervision and Examination Sector (SES).
Banks must maintain an adequate minimum duration of daily banking operations, with minimum six (6) hours a day requirements.
Banks may open and transact on official and special holidays under specified conditions tied to the banks’ selected regular banking days.

All banks including their branches and other offices doing business in the Philippines must observe a minimum five-day banking week for the conduct of their business.
The banking days on which each banking unit may be opened are selected by the bank concerned.
Subject to compliance with other relevant laws, banks may, at their discretion, open and transact regular banking business for more than five (5) days a week or even during Saturdays and Sundays.
Banks that open beyond five (5) days must submit the required reporting to the appropriate supervising and examining department of the BSP Supervision and Examination Sector (SES) and must regularly open and transact on the additional days.

Subject to compliance with other relevant laws, banks may open and transact regular banking business on official and special holidays if the holiday falls on regular banking days selected by them.
Banks opening on such holidays do not need to give notice to the Bangko Sentral ng Pilipinas (BSP).

All banks including their branches and other offices doing business in the Philippines must transact business for not less than six (6) hours a day.
Banking hours must be selected by the bank between 8 o’clock in the morning and 8 o’clock in the evening.
The general minimum-hour and time-window rule has an exception for banks located in the Ninoy Aquino International Airport and the Malabon, Navotas fishports.
Banks that opt to open beyond the regular five (5) banking days in a week must comply with the minimum six-hour daily requirement for five (5) regular banking days.

Banks may choose the number of hours within which to transact their regular banking business on the days they are open in excess of the five (5) regular banking days.
The banking hours for all days during which a bank is open must be regularly observed.
The bank must report the banking hours to the BSP through the appropriate supervising and examining department of the BSP Supervision and Examination Sector (SES).

Any decision to open and transact for more than five (5) days a week is subject to a reporting requirement to the BSP Supervision and Examination Sector (SES).
Reporting for banking hours must be made to the BSP through the appropriate supervising and examining department of SES.
Banks must ensure that their actual operating schedules match what is reported and are regularly observed on the days they open.