BPI lowers InstaPay transfer fees to P10 | ABS-CBN
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BPI lowers InstaPay transfer fees to P10
BPI lowers InstaPay transfer fees to P10
Benise Balaoing,
ABS-CBN News
Published Mar 07, 2025 10:51 AM PHT
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Updated Mar 07, 2025 12:18 PM PHT
MANILA -- BPI is lowering its InstaPay interbank transfer fees to P10.
MANILA -- BPI is lowering its InstaPay interbank transfer fees to P10.
In a Facebook post, the bank said users can transfer funds to other banks like GCash and Maya via the BPI app for only P10 from March 7 to May 31.
In a Facebook post, the bank said users can transfer funds to other banks like GCash and Maya via the BPI app for only P10 from March 7 to May 31.
With this move, the lender said it hopes to make fund transfers even more accessible and cost-effective, encouraging more Filipinos to embrace the convenience of digital banking.
With this move, the lender said it hopes to make fund transfers even more accessible and cost-effective, encouraging more Filipinos to embrace the convenience of digital banking.
BPI recently drew flak after its mobile banking app stopped the "Load E-Wallet" service for the country's two biggest e-wallet apps on Feb. 13. This required users to move funds via the "Transfer to other banks" feature, which costs P25.
BPI recently drew flak after its mobile banking app stopped the "Load E-Wallet" service for the country's two biggest e-wallet apps on Feb. 13. This required users to move funds via the "Transfer to other banks" feature, which costs P25.
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The Ayala-led lender, however, said it was just following Bangko Sentral ng regulations. GCash users, meanwhile, could still use the 'Cash In' feature in the app to load the e-wallet with funds from their linked BPI accounts for P5 per transaction.
The Ayala-led lender, however, said it was just following Bangko Sentral ng regulations. GCash users, meanwhile, could still use the 'Cash In' feature in the app to load the e-wallet with funds from their linked BPI accounts for P5 per transaction.
BPI and GCash- the Philippines' top e-wallet platform- are part of the Ayala Group of companies. But BPI also has its own e-wallet called Vybe.
BPI and GCash- the Philippines' top e-wallet platform- are part of the Ayala Group of companies. But BPI also has its own e-wallet called Vybe.
The bank saw a record net income of P62 billion in 2024 on the back of stronger revenues.
The bank saw a record net income of P62 billion in 2024 on the back of stronger revenues.
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