#bpi bank transfer

Before we get started with the QR transfers, make sure that you've downloaded the new BPI Mobile app for Android or iOS via the links provided. If you're using the new BPI Online website, the experience will be a bit different, but all you have to do is log in to your account, go to Transfer Money. It’s also convenient because it saves you from queueing in the bank branch just to transfer funds. So if you have a BPI account and would like to experience a quick and secure way to transfer funds, then we recommend using the new BPI Online and Mobile app. The Bangko Sentral ng Pilipinas (BSP) clarified that it never required banks and e-wallets to waive digital fund transfer fees, despite issuing Circular No. BSP implemented Circular 1238 last July 4, 2026, requiring that any gap between intrabank and interbank transfer fees only reflect the cost of routing a transaction through a payment network. BSP pegs this cost, called the "switch cost," at P1.50, meaning banks with free intrabank transfers should charge no more than P1.50 for interbank ones. Since then, several banks have gone ahead and made interbank transfers free entirely, with most of the country's top 20 financial institutions already complying. Read more in our articles including "Testing BPI's QR code-based transfers" and "BSP clarifies bank transfers need not be free".