#BPI free transfer

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. 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. Bank of the Philippine Islands (BPI) is set to introduce international money transfers through its mobile banking app, following a partnership with Visa aimed at making cross-border transactions faster and more affordable for Filipinos. BPI’s digital wallet VYBE has partnered with M Lhuillier to offer free cash-in transactions across more than 3,000 branches nationwide. Read more in our articles including "BPI to remove InstaPay, PESONet transfer fees starting July 1" and "BPI to add international money transfers to mobile app by 2027".