THE Bangko Sentral ng Pilipinas yesterday told banks to ensure continuous availability of financial services in view of the observance of the Holy Week amidst the coronavirus pandemic.
In a memorandum, Chuchi Fonacier, BSP deputy governor, said BSP supervised financial institutions (BSFIs) should ensure uninterrupted financial services are available to their customers, thru ATMs and online financial platforms such as internet or mobile banking apps, during the Holy Week.
“As the country remains under Enhanced Community Quarantine (ECQ), BSFIs may anticipate a unique scenario different from previous years. Thus, additional considerations such as release of cash aid from the government’s Social Amelioration Program (SAP) and other cash donations from private organizations, should be incorporated on top of the historical cash requirement projections during the Holy Week,” Fonacier said.
BSFIs are also enjoined to continuously monitor the cash level of their ATMs and maintain adequate resources to ensure prompt cash reloading/replenishment.
