#UnionBank Fund Transfer

Fund transfers using the UnionBank app are made easier with its latest feature. UnionBank customers who are using the app may now send and receive funds through InstaPay using only their email address or mobile number. Steps on how to send funds using mobile number/email: • Tap Send/Request and select InstaPay • Select account to transfer funds from. Now, in a new draft circular, the BSP is seeking feedback from stakeholders on a plan to make person-to-person electronic fund transfers and micro-merchant payments entirely free of charge. While the central bank yet to specify the exact maximum amounts, it has indicated that personal fund transfers should not exceed 10 times a week. GCash, an online wallet platform, is now offering free bank funds transfers to more than thirty banks. With the new feature, users can now transfer funds from their GCash wallet to banks such as BPI, BDO, and Metrobank free of charge. "GCash now allows customers to enjoy the freedom of being able to transfer funds conveniently with just their smartphone. Read more in our articles including "UnionBank app enables fund transfers using mobile number or email" and "BSP eyes zero-fee electronic fund transfers, payments to MSMEs".