Can I Transfer Money Online from BPI to BDO and Other Banks?

Updated January 20, 2020  

Yes, you can now transfer money online from BPI to BDO and to other banks. 

Just login then find Transfer. You will use the electronic fund transfer service called InstaPay. Transfer will be instant. The money transferred is immediately credited to the destination account. And this service is available any day, any time, 24/7. Transfer fee is 50 pesos.

The other transfer service called PesoNet, which is good for amounts bigger than 50,000 pesos, is not yet available with BPI.


Based on the latest list of InstaPay transfer fees published by the BSP, BPI is among 4 banks that charge 50 pesos per transfer. The others are BPI, BPI Family Bank and PNB.

Eastwest Bank charges only 5 pesos!  Thank you, Eastwest Bank! 

Shout-out also to these banks that charge only 10 pesos: Asia United Bank (AUB), Bank of Commerce, DCPay Philippines, China Bank (for lower amounts), China Bank Savings, Sun Savings Bank and Union Bank.

Landbank, Metrobank, PNB Savings Bank, Robinsons Bank, and UCPB charge 25 pesos.

What is INSTAPAY?
InstaPay is an electronic fund transfer (EFT) service that allows account owners to transfer peso funds instantly between accounts of participating BSP-supervised banks and non-bank e-money issuers in the Philippines. The service is available 24/7, any day, any time.

InstaPay is supervised by the Philippine Payment Management Inc. (PPMI) under the oversight of the Bangko Sentral ng Pilipinas. The PPMI was established by Philippine banks in 2017 through the Bankers Association of the Philippines (BAP) to help the BSP implement an interconnected electronic retail payment system in the country.

InstaPay is primarily for consumers, as the maximum amount that can be transferred per day is 50,000 pesos.

PESONET is primarily for fund transfers by businesses, as this accommodates transfers of more than 50,000 pesos. Transfers are not instant, but funds are credited within the day, as long as they are received prior to cut-off periods. Another thing to remember: PesoNet is only available during business days and hours.

Send Money from BDO to BPI and to other banks via INSTAPAY