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- Trading Period. You agree that the trading period will be from 9:30 am - 3:30 pm, Philippine Time, Banking Days only. However, the Bank reserves the right to change the trading period without prior notice.
- Conversion. You agree that you can only convert your US Dollars into Philippine Pesos and not the other way around. You will be notified via email should there be further developments in this area.
- Foreign Exchange Rates. You agree that the Foreign Exchange Rates may be changed from time to time during the trading period. Should FX rates be changed at the time of your transaction, you will be asked whether to cancel the transaction or continue with the transaction using the new FX rates.
- Transaction Limit. You agree that there is no limit as to the Dollar amount that you may convert. However, it is the Bank's discretion to put a certain amount limit at any point in time. Any change in the transaction limit will be explicitly stated in the Online FX Services page in BPI Express Online.
- Real-time transactions. You agree that the Online FX Service is real-time. Thus, funds will be debited from the Source Account and credited to the Settlement Account instantaneously.
- No Cancellation of Submitted Transactions. You agree that once you click the SUBMIT button in the transaction page, the Bank will rely on the instruction as emanating from you and shall conclusively presume the same to be correct, accurate and duly authorized by you thus, will immediately effect the transaction. As such, there will be no cancellation of submitted transactions. Requests for reversals of the transactions will also not be considered.
- Confirmation of Transaction. Aside from the confirmation page that will appear in BPI Express Online, you will also receive an email confirmation once your Online FX transaction has been effected.
- System Errors. In case of system errors, you understand that the Bank will credit back the original amount in US Dollars that you have transacted. You hold the Bank and other members of the BPI Unibank, as well as any of their officers and representatives, free and harmless, as well as indemnify them, from any and all liabilities, claims, damages, suits of whatever nature, arising out of any and all errors inadvertently committed and any computer-related errors resulting to the Bank's failure to effect your Online FX transaction.
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