Beyond the limit: BSP’s ₱500,000 cap reshapes cash transaction rules
By Edielyn Mangol, Reporter The Bangko Sentral ng Pilipinas (BSP) has taken another major step in fortifying the country’s financial system with the issuance of Circular No. 1218, series of 2025. The new rule, released on September 18, places stricter controls on large-value cash transactions by setting a daily ceiling of ₱500,000 per customer per banking day. […]