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.
At current, you can only transfer from one bank account to another if they’re both the same bank. This is mostly for the account holder’s protection, and also to avoid banks from being used to launder money.