Ever since the pandemic happened, people have become more comfortable using online banks. Due to the convenience online banks provide, most businesses and consumers now prefer having their transactions via online.
But just like any service, most of the financial institutions have bank transfer fees. Good thing the BSP provided a list where you can see how much is the usual bank-to-bank transfer fee and the updated free bank transfer in the Philippines this 2023.
Here’s a list of the online bank transfer fee from BSP Supervised Financial Institutions (BSFIs) as of 31 January 2023:
Notes:
*Receiver only
**Service not available
1/ Participants that currently offer PESONet over-the-counter (OTC) were no longer included in the list.
2/ Fees are tiered depending on the amount of transaction
3/ Up to 31 March 2023, InstaPay Fee for BDO Pay and BDO Online shall be PHP 10.00. BDO Digital Banking and BDO Personal Online Banking will remain to be PHP 25.00.
4/ Waiver of fees until 31 March 2023
5/ InstaPay and PESONet fees are waived for preferred and private banking clients.
6/ Fees are temporarily waived for non-individual account via DigiBanker due to on-going promo from 01 December 2022 to 31 December 2023. Clients with proprietary front-end system or those API-based clients are exempted from this promo.
7/ Commission, ¼ of 1% of remittance amount, min. of PHP 675 plus cable charge (PHP 100 for peso deposits; PHP 500 or its dollar equivalent for USD deposits.)
In today’s age, one bank account is not enough. In actuality, you must have a separate account for each use. You frequently have to make a lot of financial transfers while balancing two or more bank accounts.
Also, having online mobile banking might resolve your traditional banking issues, especially when you are unable to walk outside to transfer money from one fund to another. Also, it is not only for your accounts. Using online fund transfers, it is simple to send money to your loved ones.
Convenience is something we value, especially nowadays, where everything is fast-paced. Time is valuable, and sometimes it could be a luxury for those who are always on the go. That’s why it is important to invest in properties that prioritize convenience for its investors. Invest now in Vista Residences and live a more convenient life.
For more information on Vista Residences and Vista Land, email [email protected], follow @VistaResidencesOfficial on Facebook, Twitter, Instagram, and YouTube, or call the Marketing Office at 0999 886 4262 / 0917 582 5167.
