BPI in crisis, stealing money from accounts
I have an Express Savings account with BPI. Unfortunately, the bank is clearly undergoing huge difficulties, and may be on the brink of collapse. At this time they have blocked all my funds (over half a million) and are not responding to email or phone communication.
I must also tell you of a terrible incident in March. At that time, they were already in chaos due to the Quarantine. I went to make a simple ATM withdrawal. No cash was dispensed. I retried it. Again, no cash. Now, when I checked my online account, it showed that 35K had been withdrawn, well over my daily limit. I was horrified.
I phoned BPI but could not get through due to their sudden staff shortages -- I was just disconnected every time. I also informed them by email within two days, but they did not respond.
Three months later I finally got through to them. They said, "Yes, we will return the money in 7 days." Nothing. I called again. "We will return it in 14 days." Nothing. Then, "We will return it in 45 days." Of course, nothing. They stopped answering my emails and calls, except to say on one occasion: "Over 30 days has passed so we don't know anything about it."
Obviously, this is fraud.
Have you experienced similar difficulties at the ATM? If not, you may do soon. They may simply not have the money to give you. If you are withdrawing money, make sure you go into a branch, so they do not simply steal money from you the way they have done with me. And make sure you have a lot of cash in storage in case the bank collapses. At this stage you would be safer keeping your money under your mattress.
Are you aware of what happened in Argentina in 1989 and 2001? Due to the economic collapse, ATMs simply stopped giving out money. People were astonished, then furious. I fear that the same thing may be happening now in the Philippines due to the COVID-19 situation.
Please save this message to your computer. If this message disappears, you will know BPI is trying to cover up a serious emergency.
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