Updated September 28, 2021  

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

And with the launch of the Instapay and PesoNet transfer networks, you can now transfer money from most Philippine banks to other banks.

Use Instapay for instant transfer, for up to 50,000 pesos. Anytime, any day. 

For bigger amounts, use PesoNet, but the transfer will not be instant. The money will be transferred after several hours or the next day. Pesonet is available only on business days and hours.

Some banks use both Instapay and Pesonet. Other banks use only one.

Just login to your BPI mobile app or BPI online banking, 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 several banks that charge 25 pesos per transfer. The others are BDO, Metrobank, RCBC, Security Bank, Bank of Commerce. 

Eastwest Bank charges only 5 pesos! And during the pandemic, Eastwest has been offering its transfer service for FREE!  Thank you, Eastwest Bank! 

What Other Banks Can BPI Transfer Money to?

  • Allbank
  • Asenso
  • Asia United Bank
  • Bangko Mabuhay
  • Bank of Commerce
  • Banko (BPI subsidiary)
  • Bayad
  • BDO Network Bank
  • BDO Unibank
  • Binangonan Rural Bank
  • Card Bank
  • Cebuana Lhuillier Bank/Cebuana Xpress
  • China Bank Savings
  • China Banking Corp. (Chinabank)
  • Coins.ph
  • CTBC Bank Philippines
  • Development Bank of the Philippines (DBP)
  • Dumaguete Bank
  • Dungganon Bank
  • East West Banking (Eastwest)
  • Eastwest Rural Bank/Komo
  • Equicom Savings Bank
  • GCash
  • GrabPay
  • ING Bank
  • Isla Bank
  • JuanCash
  • Landbank/OFBank
  • Malayan Bank Savings and Mortgage (Malayan Savings Bank)
  • Maybank Philippines
  • Metropolitan Bank and Trust Co. (Metrobank)
  • Mindanao Consolidated Cooperative Bank
  • Omnipay
  • Partner Rural Bank (Cotabato)
  • Paymaya Philippines (Paymaya)
  • Philippine Bank of Communications (PBCom)
  • Philippine Business Bank
  • Philippine National Bank (PNB)
  • Philippine Savings Bank
  • Philippine Trust Co. (Philtrust)
  • Philippine Veterans Bank
  • Producers Savings Bank Corp.
  • Queen City Development Bank
  • Quezon Capital Rural Bank
  • RCBC/Diskartech
  • Robinsons Bank
  • Security Bank
  • Starpay
  • Sterling Bank of Asia
  • Sun Savings Bank
  • United Coconut Planters Bank (UCPB)
  • UCPB Savings Bank
  • Union Bank of the Philippines (UnionBank)


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.

What is PESONET?

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.

Photo Credit: Image by PublicDomainPictures from Pixabay

transfer money online from BPI to BDO

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