
BDO Unibank has confirmed that withdrawals from a viral passbook account are valid. The bank has assured its customers that the transactions are legitimate and that no foul play was involved.
The account in question had been making headlines due to its unusually high interest rates and large withdrawals. BDO Unibank has stated that the account was opened in good faith and that the withdrawals were made in accordance with the bank's policies.
BDO Unibank has also clarified that the account holder had been making regular deposits and withdrawals, and that the large withdrawals were not unusual for the account. The bank has assured its customers that it has a robust system in place to detect and prevent any suspicious transactions.
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BDO Statement
BDO Unibank Inc. has clarified the issue with Gleen Cañete's account.
The bank said withdrawals made from Cañete's account were valid.
Cañete initially made a video detailing the withdrawals, but later deleted it.
He has since talked with the bank and deleted the video.
Cañete's passbook account had no online accounts or cards associated with it.
BDO was able to account for the withdrawals recounted by Cañete.
Cañete has apologized for the confusion and thanked the bank for resolving the issue.
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Viral Withdrawal Post
Gleen Cañete's viral post about losing P345,000 from his account sparked a lot of concern and sympathy online.
The account in question was a passbook-only savings account, which had no online banking or card associated with it.
BDO was able to account for the withdrawals that caused stress to Cañete, verifying that all online withdrawals done by the account holder were valid.
Cañete's video went viral after he claimed that hackers wiped out all P345,000 from his child's account, which he had been saving for years.
He had reported the incident to the bank and waited seven days for a response, but was told that the lost amount could no longer be retrieved.
Cañete has since deleted the video and thanked those who sympathized with him, but noted that he cannot disclose every detail about the issue.
BDO's statement on the matter clarified that all withdrawals made under Cañete's account were valid, and that he had advised the bank that they would resolve matters within their family.
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Cañete's appeal for help online was met with sympathy and concern from many, and his story highlights the importance of verifying information before making assumptions or jumping to conclusions.
The incident also shows how quickly information can spread online, and the need for accuracy and clarity in reporting sensitive or personal matters.
Cañete's experience serves as a reminder to be cautious when sharing personal information online, and to verify facts before sharing them with others.
BDO's response to the incident demonstrates their commitment to resolving customer issues and providing clear communication.
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BDO Unibank News
BDO Unibank Inc. has confirmed that withdrawals made by Gleen Cañete from his account were valid.
The withdrawals were recounted by Cañete in a now-deleted video he posted online.
Cañete has deleted the video and has confirmed that the issue is resolved.
In a Facebook post, Cañete said he deleted the video as he had already talked with the bank.

Cañete's passbook account had no associated online accounts or cards.
Cañete had initially posted about the issue on social media to express his grievances.
Cañete's account was a passbook account, which is a type of savings account.
The bank was able to account for the withdrawals made by Cañete.
Cañete has since thanked the bank for resolving the issue.
Gleen Cañete's account was found to have valid withdrawals by the bank.
Curious to learn more? Check out: What Is Passbook
Frequently Asked Questions
Can you withdraw using passbook in BDO?
Yes, you can withdraw using your passbook in BDO, but you must present it in every transaction. Presenting your passbook is required for both deposit and withdrawal transactions.
Sources
- https://newsinfo.inquirer.net/1954532/viral-man-who-lost-p350000
- https://www.gmanetwork.com/news/money/companies/911051/bdo-withdrawals-made-from-account-of-viral-passbook-holder-valid/story/
- https://philstarlife.com/news-and-views/548882-bdo-says-all-withdrawals-valid-viral-passbook-incident
- https://v3.ecency.com/hive-167922/@tpkidkai/viral-facebook-post-about-bdo-withdrawal-confirmed-learn-how-to-secure-your-online-banking-84m
- https://headtopics.com/ph/bdo-withdrawals-made-from-account-of-viral-passbook-holder-54699175
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