Starting July 1, 2019, the Bank of the Philippine Island (BPI) one of the largest banks in the Philippines will implement new fees on some online fund transfer feature!
According to the bank’s advisory that was published on May 30, 2019, on its website, some PBI Online and Mobile app feature will have a corresponding fee.
This will include the following;
Transfer to own and enrolled accounts — Free
Dollar to Peso Transfer — Free
Transfer to unenrolled accounts via QR code — Free for a limited period
Transfer to unenrolled 3rd party account (except via QR code) — P10 per transaction
Transfer to other banks via Instapay — P50 per transaction
BPI encourages its clients to enroll 3rd party accounts to continue using its fund transfer services at no cost.