Banks across the Philippines will offer limited services during the non-working days declared for the Asia-Pacific Economic Cooperation (APEC) Summit.
President Benigno Aquino III has declared November 18 and 19 as special non-working days in the National Capital Region (NCR) for the APEC Economic Leaders’ Meeting. Government work on the 17th and 20th were also suspended.
Banks in NCR will operate on a “business as usual” mode on November 17 and 20. Foreign exchange/swap transactions, however, will not be processed during those days.
On November 18 and 19, only select bank branches in NCR will open. Outside the region, check processing services will be unavailable.
“All banks have been reminded to ensure availability of cash in their automated teller machines (ATMs) during the period November 17 to 20,” the Bangko Sentral ng Pilipinas (BSP) said in an advisory Friday.
The Philippine Clearing House Corp. will operate on November 17 to 20 to accept and process checks sent for clearing by banks.
“In this regard, the public is reminded that check deposits received by banks, whether located within or outside NCR on 17 November, if received within cut-off, are considered deposits by 17 November,” the BSP said.
Check deposits made with banks that will remain open in NCR during the summit as well as those located in other regions will be considered received on November 20. – Keith Richard Mariano/VS, GMA News