Bank of the Philippine Islands to offer "Salary On-Demand"

You're eager for payday. No more Petsa de Peligro! Salary On-Demand, a new financial product from BPI, is about to go live.

The launch of Salary On-Demand will be available to qualified workers of Bank of the Philippine Islands' corporate clients. Through partnerships with businesses that use its payroll service, the bank enables workers at such businesses to receive a salary advance, which will be withdrawn from their forthcoming paycheck. With the exception of a one-time price of PhP 175.00, this service is provided through another app and will not charge interest.

BPI Salary On-Demand Features

A innovative benefit that gives workers rapid access to their hard-earned money before payday and during crucial moments! Additional features include:

For Employers

• Onboarding is quick and simple (BPI and PayWage will handle it for you!).
• Your present payroll procedure won't change.
• Zero cashouts and no additional costs

For Employees

• Get your earned salary (up to P250,000) in advance.
• Get your money in less than five minutes (anytime, anywhere).
• PhP 175.00 will be charged as an introductory processing fee (for a limited time only).

​​In an interview, BPI Head of Institutional Banking John-C Syquia said, "We want to build our ecosystem, and the way to do that is to provide sticky products. And we believe that if we add this enhancement to our payroll employers, we will have sticky relationships with our existing clients, and we will be able to build that network too."
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To know more about this product, visit this link from ABS-CBN News for the interview: bit.ly/3ro66km