From free to a fee: BPI to start charging some online and mobile app transactions

ABS-CBN News

MANILA (UPDATE) - Bank of the Philippine Islands (BPI) on Friday said it would impose fees on select online and mobile app features starting July 1. Bank to bank transfers will now be P50 per transaction and transfers to unenrolled third party account has a P10 charge, BPI said in an advisory. &quot;Enroll your 3rd party account/s to continue enjoying fund transfers at no cost. Just visit any branch or mail a signed Third Party Account Enrollment Form,&quot; BPI added. Transfers to unenrolled accounts via QR code is free for a limited period, while dollar to peso transfer and transfer to own and enrolled accounts remain free, it said. <div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2019/business/06/01/bpi.jpg"/></figure></div>BPI said it allows enrollment for up to 99 other BPI accounts for online fund transfers and payments.“You just have to enroll accounts which you deal with on a regular basis. Ninety-nine accounts is a lot for a regular banking client,” BPI corporate communication head Owen Cammayo told ABS-CBN News. Some users, meanwhile, took to social media to express their disappointment with the new bank policy.

Bank to bank transfers will now be P50 per transaction and transfers to unenrolled third party account has a P10 charge, BPI said in an advisory.

Bank to bank transfers will now be P50 per transaction and transfers to unenrolled third party account has a P10 charge, BPI said in an advisory.

From free to a fee: BPI to start charging some online and mobile app transactions | ABS-CBN

Entertainment

News

Metro.Style

Sports

More

Business

From free to a fee: BPI to start charging some online and mobile app transactions

From free to a fee: BPI to start charging some online and mobile app transactions

ABS-CBN News

Published May 31, 2019 10:56 AM PHT

|

Updated Jun 01, 2019 02:01 PM PHT

Read More:

BPI

bank transfer

BPI mobile app

transaction charge

instapay

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

Terms of Service

Advertise with Us

© 2024 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Advertise with Us

Privacy Policy

Terms of Service

© 2024 ABS-CBN Corporation. All Rights Reserved.