Digital Banks/E-Wallets in the Philippines Transfer Limits

Digital banks and e-wallets 19 are truly a big thing nowadays, especially during the pandemic. With these digital platforms present in the Philippines, people can take advantage of various perks such as online apps, cashless fund transfers, higher interest rates, and the like. However, transferring of funds has daily/monthly limits too. So to guide you, here are the transaction/transfer limits of the digital banks and e-wallets in the Philippines.

DIGITAL BANKS & E-WALLETS IN THE PHILIPPINES	TRANSACTION/TRANSFER LIMITS
BDO	• Transfer to other BDO accounts - PHP 50,000/day • Transfer via InstaPay - PHP 50,000/day
BPI	PHP 50,000/day
CIMB	• Transfer to own CIMB account - No limit • Transfer to other CIMB accounts - PHP 500,000/day • Transfer to other bank via PESONet - PHP 500,000/day • Transfer to other bank via DragonPay - PHP 500,000/day
DISKARTECH	PHP 50,000/day
HELLOMONEY (AUB)	PHP 200,000/month
GCASH	• INCOMING - Basic - PHP 10,000/month - Fully Verified - PHP 100,000/month - GCash Plus - PHP 500,000/month - Enterprise - PHP 500,000/month • OUTGOING - Basic - No limit/day \| PHP 10,000/month - Fully Verified - PHP 100,000/day \| No limit/month - GCash Plus - PHP 100,000/day \| No limit/month - Enterprise - PHP 100,000/day \| No limit/month
KOMO	• Transfer to other KOMO accounts - PHP 500,000/day • Transfer to other banks - PHP 200,000/day per recipient - PHP 50,000 per transaction
ING PHILIPPINES	• Transfer to other ING accounts - No limit • Transfer to other banks via PESONet - PHP 1,000,000/day • Transfer to other banks via InstaPay - PHP 50,000/transfer
MAYBANK ISAVE	PHP 50,000/day PHP 10,000 per transaction
OFBANK	PHP 50,000/day
PAYMAYA	• Transfer to other PayMaya users - PHP 100,000/day (Upgraded) \| PHP 500,000/day (Super Users) - PHP 20,000 per transaction • Transfer via InstaPay - PHP 50,000/day \| PHP 100,000/month \| 20x/month (Upgraded) - PHP 50,000/day \| PHP 500,000/month \| 40x/month (Super Users)
PBCOM	PHP 50,000/day
TONIK DIGITAL BANK	• Transfer to other Tonik accounts - PHP 1,000,000/day • Transfer via PESONet - PHP 250,000/day • Transfer via INSTAPAY - PHP 50,000/day
UNIONBANK	PHP 500,000/day

Most of these digital banks/e-wallets impose transfer limit of PHP 50,000USD 852INR 72,230EUR 812CNY 6,205/daily.

ING Philippines has no transaction limits for transfers to other ING Philippines accounts and up to PHP 1,000,000USD 17,040INR 1,444,600EUR 16,230CNY 124,100/day for transfers to other banks via PESONet. Further, Tonik also supports up to PHP 1,000,000USD 17,040INR 1,444,600EUR 16,230CNY 124,100/day for transfers to other Tonik accounts.

Meanwhile, UnionBank has a limit of up to PHP 500,000USD 8,520INR 722,300EUR 8,115CNY 62,050/day, which you may also change anytime under Settings > Transaction Limits. Similarly, KOMO and CIMB support transfer of up to PHP 500,000USD 8,520INR 722,300EUR 8,115CNY 62,050/day to other KOMO and CIMB accounts, respectively.

So there you have it! All information above are found on their official websites. Take note, though, that banks might not have updated yet these information on their portals. In case we missed anything, please do let us know in the comments.

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