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BDO addresses clients’ complaints, steps up probe of fraud attacks

Tom Hagler by Tom Hagler
12.12.2021
in Finance
BDO addresses clients’ complaints, steps up probe of fraud attacks
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Facing snowballing customer complaints of unauthorized banking transactions, the country’s largest lender, BDO Unibank, vowed to devote more manpower to fraud investigation.

In an interview, a woman who works at a communications company said that around P4,500 had been debited from her regular peso savings account in June last year for an online purchase from media library iTunes, but she never had any iTunes account.

“I complained at my branch (BDO ADB) and I was told I will be given a reference number. I wasn’t able to recover the money anymore,” she said.

Then on Dec. 8, the same woman saw another P8,000 in unauthorized withdrawal from the same account. She filed a complaint but said it was a challenge to follow up as it was difficult to connect to the bank’s hotline and once connected, the lines got choppy.
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Other clients, including some overseas Filipinos, reported even larger amounts of unauthorized transactions and shared their troubles in social media.


“We want to let you know that we are very much aware of customers sharing their upsetting experiences of bank account fraud such as withdrawals and purchases done without their knowledge,” BDO said in a statement yesterday.

“We sincerely apologize for the pain and grief that this caused our customers. Nothing is more important to us than your trust that we will be able to keep your money safe and secure. We would like to reassure you that we are committed to investigating and bringing resolution to each and every case brought to our attention,” the bank added.

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