#BPI fund transfer PayMaya

BPI has recently started the charging of fund transfer to other banks via InstaPay and unenrolled BPI accounts. As stated on the bank's online advisory on Facebook, customers will be charged PHP 25 for every fund transfer to other banks via InstaPay. Those who will transfer money to unenrolled  BPI accounts will also be charged PHP 10. This includes transferring funds to an enrolled BPI account and to a BPI account via QR code, paying bills to enrolled merchants, loading prepaid accounts, and topping up to PayMaya and GCash. 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. Customers will be able to transfer money to other banks and supported e-wallets without paying fees using either InstaPay for real-time transfers or PESONet for batch fund transfers. 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. Read more in our articles including "BPI starts charging fees for fund transfers to other banks, unenrolled accounts" and "BPI to remove InstaPay, PESONet transfer fees starting July 1".