BDO to charge Php10 to send to any BDO accounts

‘We are pleased to announce’ yeah right. This so greedy BDO.

Interbank and intrabank lang. What’s extra bank?

Grabe nman they find way para kumita cla haha

This is so disappointing!!!

There’s a couple of ways to send money to another account (I’m mostly using their mobile app, web might be different)
– (i) Fund Transfers: (a) to Own; and (b) Another Person
– (ii) Send Money: (a) To any BDO Account; (b) To a Paycode; (c) others including pickup at branch, door-to-door, etc.

From the wording of their release, it only covers ii a and ii b?

“We find ways”!

Meanwhile sa BPI, kahit magtransfer ka ng 20,000PHP sa BPI EOL eh walang bayad…

UCPB charges 100 for transfers to other provinces even to a UCPB branch

Jusko.. nalulugi ba sila? Why do they have to charge for same bank transfer? Whats the acceptable and reasonable purpose for this? Hindi nga sila makapag provide ng electronic queue sa mga banks nila eh. Kawawang BDO customers. #BPIparin

This commences the downfall of BDO. I will transfer all my funds and even advise my business partners to switch to other banks. A very dissappointing decision for BDO. Goodluck

Before people freak out, this is only if you transfer via internet BDO ONLINE and Mobile banking. NOT branch to branch local transfers when you’re physically at the bank.

pull out ko na lahat ng kayamanan ko sa bdo. wala wenta. buti pa bpi inter at intra branch transaction wala bayad, yun lang haba ng pila

Mura pa nga yang sa BDO eh…sa Metrobank, PHP25 ang intrabank transfers kahit enrolled yung account…

Henry Sy. You are filthy rich! Isn’t that enough for you???

“Advisory on Send Money:
BDO Online and Mobile Banking customers can Send Money to any unenrolled BDO account faster and easier. Sending money can also be done to another Online Banking user without knowing the account number and just simply use the email address or mobile number as a Paycode to start.
The Bank designed this option to give its customers a new level of online banking experience—that instead of going out, sending money can be done via electronic devices such as laptops, smartphones or tablets, allowing the recipient to get the money immediately.
Customers may enjoy Send Money to any unenrolled BDO account and Send Money to a Paycode for free until March 14, 2017, after which a minimal fee of P10 per transaction will be charged. Daily limits for these transactions will be increased from P10,000 to P50,000.
Meanwhile, Fund Transfer to enrolled BDO accounts will remain free of charge. To enroll your own or another person’s BDO account for Fund Transfer transactions, log in to Online Banking, add the account number details, and activate the enrollment via the ATM.”

Advisory on Send Money:
BDO Online and Mobile Banking customers can Send Money to any unenrolled BDO account faster and easier. Sending money can also be done to another Online Banking user without knowing the account number and just simply use the email address or mobile number as a Paycode to start.
The Bank designed this option to give its customers a new level of online banking experience—that instead of going out, sending money can be done via electronic devices such as laptops, smartphones or tablets, allowing the recipient to get the money immediately.
Customers may enjoy Send Money to any unenrolled BDO account and Send Money to a Paycode for free until March 14, 2017, after which a minimal fee of P10 per transaction will be charged. Daily limits for these transactions will be increased from P10,000 to P50,000.
Meanwhile, Fund Transfer to enrolled BDO accounts will remain free of charge. To enroll your own or another person’s BDO account for Fund Transfer transactions, log in to Online Banking, add the account number details, and activate the enrollment via the ATM.

Better read again and understand BDO’s advisory. The title of this article is simply begging to be a click bait.

“Send Money” is a remittance service. It is normal for it to have service fees because it _may_ involve another bank/financial institution. Why BDO didn’t do itbefore is beyond me. It’s different from “funds transfer” service which is totally internal.

In addition, BDO only mentioned that the fee applies to ‘Send Money’ transactions to all BDO accounts/Paycode. This simply means you are sending cash to a beneficiary via BDO remittance centers or partners.

The first paragraph of BDO’s statement (about the limit) is in not related to the fees being applied to ‘Send Money’. It just so happen that BDO increased the limits of two services and at the same time announced the fee for Send Money. This, to me, is their mistake. They didn’t think of people who are quick to jump into conclusions.

BDO mag anunsyo ka kasi sa Filipino para maging madaling maintindihan. Nakakalito.

Free!?!
It has been 10 pesos per fund transfer since i remember..

BDO’s (and other banks except BPI) deposit fee for making a deposit in a different region from the one in which you originally opened your account is just plain stupid and exploitive. Everyone who moves to a different region has to close their BDO account first and then open a new BDO account in the new place. Think its time for BDO to step into modern times, it’s 2017 guys.

It will definitely backfire, Whoever ideas was this, Its not a good one. Avoid BDO for now.

can anyone help me clarify? How much fee for the following transactions?
Transfer to Enrolled bdo acct = free
Transfer to unenrolled bdo acct= is it free?
Send money to other bank acct like bpi= ?
thank u..

For all these reasons I stopped using my BDO account. Mr Sy should be put in court for usury and greed. Typical chinese businessman………a fortune is never enough they always want more until the pinoys bleed. You should all vote with your feet and choose a better (cheaper) option.