#bpi app

Bank of the Philippine Islands (BPI) will permanently remove transfer fees for InstaPay and PESONet transactions made through its digital banking platforms starting July 1. According to a report by InsiderPH, the free fund transfers will be available through the BPI mobile app, BPI Online web platform, VYBE e-wallet, and BizKo, the bank's digital banking app for small businesses. More than nine million enrolled users of the BPI app are expected to benefit from the change. BPI said the move also supports the Bangko Sentral ng Pilipinas' push for financial institutions to adopt fair and market-based pricing for person-to-person electronic fund transfers. Customers who want to use the free transfer feature through the BPI app should update to the latest version available on the Apple App Store, Google Play Store, or Huawei AppGallery. The removal of transfer fees comes ahead of BPI's 175th anniversary on Aug. The Bangko Sentral ng Pilipinas (BSP) said it is reviewing the recent service disruption that affected Bank of the Philippine Islands (BPI), as customers experienced problems accessing the bank's digital channels over the past few days.   According to the BSP, it is working closely with BPI to assess the incident, ensure services have been restored, and determine whether additional measures are needed to prevent similar outages in the future. Read more in our articles including "BPI to remove InstaPay, PESONet transfer fees starting July 1" and "BSP warns of accountability after BPI outage".