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

 As of today, you can not yet transfer money online from BPI to BDO and to other banks.

But BPI says that SOON, you can transfer funds from BPI to BDO and to other banks through INSTAPAY and PESONET. Most probably, BPI has not yet completed the integration of Instapay into its system, so we wait.

We also wish that BPI will impose a lower transfer fee, lower than 100 pesos, which is the amount charged by BDO to transfer money via Instapay.

Based on the list of InstaPay transfer fees published by the BSP, BDO charges the highest fee.
Others charge only 10 pesos and 15 pesos.
Landbank, Metrobank, PNB Savings Bank, Robinsons, and UCPB charge 25 pesos.
PNB charges the second highest fee, which is 50 pesos.

While you cannot yet transfer from BPI to BDO and to other banks, BPI is able to receive transfers from BDO and other banks via Instapay. And it does not impose a receiving fee. The transfer is also in real time, instantly, as long as the transfer from the other bank is successful.


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. Transfers are not instant, but funds are credited within the day, as long as they are received prior to cut-off periods.



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