How to transfer fund from one bank to another?

March 27, 2012 | By Fitz | Filed in: Banking.

I have multiple accounts from different banks. I would like to know how i can transfer fund from one bank to another (ex. Bpi to BDO). Does this fall under wire transfer? Is there any corresponding charges? If yes, how much. Im trying to do an envelope system using my savings accounts.


It is now possible through PesoNet and Instapay. You can learn more about Instapay here.

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39 Responses to “How to transfer fund from one bank to another?”

  1. eagleeye says:

    Up ko lang po ang question na ‘to. I’d like to know the answer to this one too. In other countries they normally had interbank fund transfer for free, in SG they call it GIRO. I wonder if we have the same facility in PH

  2. Barbie Q says:

    I usually just “Cash out”. I have 2 banks as well. that’s BPI (my save-up account and payroll account) and BDO (my life savings account) I usually withdraw my money at BPI and transfer it to BDO. which is a tasking to do twice a month. BPI electronic banking lets you link all your accounts with bpi, im not sure about other accounts from other banks though. πŸ™

  3. Faye says:

    You can make interbank fundtransfer thru your atm account. Just use the atm machine with your atm card and make a fund transfer transaction. I already tried, and use this feature several times. Just remember that you can only make interbank fund transfer thru your atm/savings account. Checking account is not allowed. Also, fund transfer fees are very minimal. Its less than P30.00 <<<the reason why banks do not promote this. πŸ™‚

  4. Eva says:

    In myBDO online account, all you need to do is to Enroll Other accounts like your BPI accounts. Once enrolled online, you need to print it and pass it to your corresponding bank, then they will approve it. It will take a while though. You can also use the ATM card to activate the enrollment. Anyway, you will be given a code online and instruction on how you can do it.
    If you have two BDO accounts, just enroll it under My Accounts (I can’t remember but it sounds like that) and there is no need to activate it. Your other BDO account will be automatically added. There is also no fee in transferring funds from BDO to BDO. But there will be a fee for a BDO to another bank account, not sure how much.

  5. ForsakenOne says:

    Thanks Eva!

    BPI and Metrobank (my banks) have “enroll 3rd party accounts” options, which is probably similar to that myBDO functionaly.

    I’ve never tried using them though. Probably won’t now that i know there’s a fee. There’s a metrobank and BPI (and even BDO) very close to where i work. I’d rather get the exerrcise than shell out Php30 (or even Php10 -yes, I don’t withdraw from a different ATM than my account. I don’t even “take advantage” of the 2.50 fee of psbank-metrobank cross withdrawal)

  6. pinoymanuk says:

    Which banks are good for interbank transfers?

    I have an RCBC account, but I want to transfer to BPI, Union Bank, BDO & Metrobank.

    My RCBC lets me transfer to several banks, but not the ones i want to (above).

    Any suggestions on a bank I can use to transfer to all of these banks?

  7. janmark says:

    can i transfer funds from metrobank atm to bdo atm/passbook using atm machine? please tell me how and how much is transfer fees?

  8. ghie says:

    ang asawa ko po ay nasa ghana… pwd ba xa magpadala ng pera from stanbic bank to metrobank…kung pwd…may charge po ba, magkano?

  9. pamela cruz says:

    what are the processing in transferring money to another account?for example i have 2metrobank account one is atm and the another is passbook account how do i transfer my money on my passbook account?pls reply thanks:)

  10. pamela cruz says:

    how do i transfer money from another account for example i had 2 account in metrobank one is atm and the another is passbook account how can transfer money to my passbook account?please send your reply thanks πŸ™‚

  11. anna says:

    Hello. How about Unionbank savings to BPI savings via atm? Thank you. πŸ™‚

  12. carlito manalo jr says:

    how to transfer funds from bpi account to metrobank account online

  13. Claro says:

    I do have a Unionbank EON Account, and it can transfer to ANY BANKS, not just here in the Philippines but also internationally.. and you can do it at home if you are enrolled online.. πŸ™‚

  14. jam says:

    I have a bpi payroll savings account my friend has a chinatrust account, she said that on her end sucessful daw but I haven’t receive anythinh yet. She processed that Tuesday night its already sat. Can someone help me out.

  15. miel says:

    Is it possible for me to get back my money after i deposited it to my friends bank account?

  16. Kc says:

    Hi pano po magtransfer if ATM landbank to union bank

  17. Jiji Llamzon says:

    How long does it take to transfer money from ps bank to a bpi atm account?

  18. PJ Lazaro says:

    @KC, enroll your Landbank account to iAccess in any LBP branch (online enrollment to iAccess will not activate fund transfer feature so you have to go to the branch) then download the Landbank app on Appstore. Fund transfer feature is disabled on non-iOS devices.

  19. irene nieves says:

    Hello. How about Unionbank savings to BPI savings via atm? Thank you

  20. Alfie says:

    Yes, you can transfer Unionbank to BPI but could take 2-3 banking days. While PNB to Landbank, real time ang transfer. Both had transfer fees. If I am not mistaken sa Unionbank to BPI 100php while PNB to Landbank, 20.00php.

  21. Sara Smith says:

    This is all so ridiculous! In Europe and US everyone uses online banking only. You just type in the bank account number of any bank in any country and the money is sent. No need to enroll, no need to use an ATM, no need to take out cash and physically bring it over. What is the problem here in the Philippines? Why are banks here so behind and force customers to do the job that the bank should be doing for the customers?

  22. Kyle says:

    Money matters, so they can charge for the transaction

  23. Hmnnn..why I cannot transfer my funds right now from my RCBC payroll account to my Metrobank savings account…why why why apple pipe?

  24. Alice sarmiento says:

    How to transfer money from landbank to bdo through online?

  25. Coleen Navarro says:

    In BDO there is a feature in online banking to send money to any other local bank. Just go the the ‘Send Money’ tab. There all of the local banks duly and legally registered may be transferred money from your BDO account. However, service charge is Php 100.00

  26. Angelo says:

    How can i transfer from RCBC savings account to Landbank account? Please help me. Thanks.

  27. Im PNB Bank account,How can i transfer my money to my friend in other bank like BDO.?

  28. Bryan Urita says:

    Ang BPI po wala pang means sa ngayon to transfer to another local bank (ex. BDO) using bpiexpress online. BPI to BPI ATMs lang. Di rin pwedeng ATM to PASSBOOK.

  29. Margie says:

    How to send money bank to bank from another country’s bank to RCBC bank?

  30. Roger Abasti says:

    Here’s the best way to deal with your fund transfer to other local banks, if you have BDO account and with access to the BDO online banking, you can transfer fund to other local bank registered in their list with any enrollment hassle. Every transfer transaction, you’ll be charged of P100 service fee, and as far I can remember, the maximum amount you can transfer within a day is up to P50k only.

  31. Roger Abasti says:

    By using a BDO online banking, your intended fund transfer to other local bank can be executed without enrolling the recipient bank account. Just type in all transfer information required which include Name, Account Number, amount, address, date of birth, contacts, email etc., & take note, a P100 charge fee per will be deducted from your BDO account per transaction & an OTP will be sent to you, & will be required in the session prior to successful transaction.

  32. Celia says:

    Hi po azk me lng mgtatransfer po ako xa akount ng iavang tao rcbc po akount niya,tas pde kya yun unionbank ang gagamitin ko po,mgknu po kya chrge?zna mpanzin ang azk ko,thx xa nka2xalm po..

  33. Cristine says:

    BDO online banking let’s you transfer funds from BDO to other local bank (ex BDO to BPI). It has a daily limit of 50k and comes with a fee.

    PNB online is not capable of transfer from PNB Account to other local bank. PNB to PNB only.

    BPIexpressonline is also the same. BPI to BPI only (BPI umbrella).

    If someone knows of a local bank with online banking letting you transfer funds to other local banks without the need of going to a branch in person, that would great to know.

  34. angelo says:

    im currently setting up my account to do this.


    if this works, atleast i reduce 1 visit to bank.

    i will be transferring 20-30k monthly.

    i also have metrobank and security bank account which im still looking a thirdparty gateway.

    im eyeing paypal(but cant make it to work without the need of credit card) also have capability to transfer from gcash.. then from there you can transfer from it to security bank/metrobank.. and other bank.

    but their verification process turned me off, since the question are quite personal, usually the same question that is ask by a bank or teleco. im not comfortable to disclose those to them.

  35. delfi says:

    Anyone tried PesoNet or Instapay?

  36. Cristine says:

    PNB released an update to their mobile app mid July. The update included PESONet which allows users to transfer funds from PNB to any other PESOnet participating local bank (eg BPI, BDO, UnionBank, etc).

    Has anyone tried that?

  37. Bryan says:

    Anyone tried to transfer funds from other bank payroll account to another bank payroll account? Is it possible?

  38. aidel says:

    how many days transfer bpi to bdo online transfer?

  39. Ma.Rovelyn Ogapay says:

    How many days transfer to bpi to unionbank?

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