BDO and BPI are two of the largest banks in the Philippines. Transferring money from BDO to BPI is a convenient way to move funds between accounts, allowing individuals to manage their finances more effectively. This process is simple and can be completed in a few steps, making it an ideal option for those who need to transfer money quickly and securely.
Steps to Transfer Funds From BDO to BPI in 2023
You need to first have a BDO online banking account that is active. You can register for an online banking account with BDO if you don’t already have one.
Step 1:
You can access your BDO online banking account by logging in. You will receive a one-time password (OTP) on the phone number associated with your account.
Step 2:
Click “Send Money” after successfully logging in, and then click “To Another Local Bank.”
Step 3:
Here are the details for the sender and receiver:
- Sender Details
- Settlement Type – Credit to Another Local Bank
- Transaction Type – Credit to Other banks
- Transfer from – Select your BDO Account from where you want to transfer
- Value Date – Transaction Date
- Amount – Amount you want to send
- Destination Bank – Select the Receiver’s Bank
- Destination Account Number – Enter the Receiver’s Account Number
- Receiver Details
- Receiver Name
- Mobile Number
- Purpose of Transaction
- Save Template
- Template Name
- Template Description
If you would like to save the information you have provided for future use, you may check “Save as New Template.”. Once you are finished, click “Submit.”.
Step 4:
Make sure you have entered all the information correctly. The request will be processed once you click CONFIRM.
Step 5:
You will receive a one-time password (OTP) on your mobile phone. Keep in mind that you need to enter OTP within 5 minutes.
Step 6:
Upon successful completion of your transaction, you will receive an email notification. The reference number should be noted.
Note: If the transaction is unsuccessful, the amount and service fee will be credited back within 1-2 banking days.
How to Transfer Funds Using the BDO Mobile App
Have you ever used your BDO mobile app to transfer money? You can do this by following these steps:
- Log in using your user ID and password to the BDO Personal Banking mobile app. Click on SEND MONEY and select “To Another Local Bank.”
- Enter the sender and receiver details such as transaction type (credit to another bank), amount, destination bank, destination account number, receiver’s name, receiver’s mobile number, and purpose of the transaction.
- Click the CONTINUE button after selecting Proceed without a template.
- Order to send to another local bank requires both the Sender’s and Receiver’s information:
- Check the details of the transaction. Click “Continue” if everything is in order.
- You have successfully sent your money! It will take some time for the transaction to appear on your account, so please be patient.
Frequently Asked Questions
What is the processing time for a BDO to BPI funds transfer?
The processing time for a BDO to BPI funds transfer is usually within 24 hours. However, it may take longer depending on various factors such as the amount transferred and the time of the transaction.
Can I transfer funds from BDO to BPI on weekends and holidays?
Yes, you can transfer funds from BDO to BPI on weekends and holidays. However, take note that the processing time may be longer due to the bank’s operating hours.
What is the maximum amount I can transfer from BDO to BPI?
The maximum amount you can transfer from BDO to BPI may vary depending on your account type and transaction history. It’s best to check with your bank for more information.
What should I do if I encounter issues during the transfer process?
If you encounter any issues during the transfer process, such as a delay or incorrect information, it’s best to contact your bank’s customer support immediately for assistance.
Conclusion:
Transferring funds from BDO to BPI is a straightforward process as long as you have all the necessary requirements and accurate information. With this guide, you can easily follow the step-by-step process and transfer your funds seamlessly. Always keep in mind the transfer fee and possible charges to avoid any surprises. If you have any questions or encounter any issues, don’t hesitate to contact your bank’s customer support for assistance. Now that you have all the information you need, you can confidently transfer funds from BDO to BPI with ease.
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