Effective October 22, 2012, Bank of the Philippine Islands (BPI) will implement an increase in fees for cardholders withdrawing from non-BPI ATMs. The announcement was made through BPI website. From the current 10 Pesos charge, it will become 15 Pesos. But withdrawals using BPI ATMs will remain free though. BPI is the third largest bank in the country in terms of assets (behind BDO and Metro Bank). It is also the oldest bank in the country and is owned by the country's oldest conglomerate, Ayala Corporation.