BDO, also known as Banco de Oro, is one of the largest banks in the Philippines. On the other hand, China Bank is another leading bank in the country. As a result, it is common for individuals and businesses to need to transfer money between the two banks. In this article, we will provide a comprehensive guide on how to transfer money from BDO to China Bank.
BDO to China Bank: Transfer Options
There are several options available for transferring money from BDO to China Bank. These options include online transfers and over-the-counter transactions. Each option has its own advantages and disadvantages, so it is important to choose the one that best fits your needs.
1. Visit the BDO website.
Visit www.bdo.com.ph and click Online Banking Login in the upper right corner. The next step is to log into BDO Online Banking. In a new tab, you will be redirected.
2. Log in to your BDO account.
Enter your username and password and click Login.
An SMS will be sent to your registered mobile number with a one-time pin. If it is not entered within five minutes, it will expire. Proceed by clicking the Proceed button.
3. Click on Send Money.
When you log in, you’ll see an overview of your account. On the left-hand side, click Send Money.
There will be a list of options presented to you. You can choose to Another Local Bank.
4. Fill out the form (Sender & Receiver information).
Before you can transfer funds, you must choose the account from which you intend to send them. The recipient’s account number and the amount to be transferred must then be entered.
You can also add remarks to your transaction.
Saving templates is also available through a tab. When making another transaction to the same account number, please check the box beside save as new template. As a result, your next transaction will be easier.
Once you have filled out the form, submit it.
5. Review the details.
When you have completed your transaction, you will see a pop-up with all the details. Double-check the details to ensure they are accurate.
After checking everything, click Continue.
6. Enter the OTP.
Another one-time pin will be sent to you via SMS. Within five minutes of entering the OTP, click Submit.
7. Note the Reference Number.
Your transaction will be completed once it has been successfully completed. Additionally, the information is summarized.
It is important to note the reference number. This information will be helpful if there is a problem with your transaction.
BDO to China Bank: Fees and Charges
When transferring money from BDO to China Bank, it is important to be aware of any fees and charges that may apply. These fees may include transaction fees, conversion fees, and intermediary bank fees. The amount of these fees will depend on the method of transfer and the amount being transferred. It is important to check with both BDO and China Bank for the most up-to-date information on fees and charges.
Conclusion
Transferring money from BDO to China Bank is a simple and straightforward process. With several options available, including online transfers, over-the-counter transactions, and wire transfers, you are sure to find one that best fits your needs. It is important to be aware of any fees and charges that may apply and to check with both BDO and China Bank for the most up-to-date information. With this guide, you should now have all the information you need to transfer money from BDO to China Bank successfully.
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