Transferring money from one bank to another has become an essential aspect of our daily lives. With the rise of digital banking, it has become more convenient to transfer money from one bank to another in a matter of minutes. In this article, we will take a closer look at how to transfer money from Landbank to BDO.
Steps To Transfer Money From Landbank To BDO
1. Launch the LandBank app on your mobile device. Enter your User ID and Password by tapping the Mobile Banking icon. Go to your account by tapping the LOG-IN button.
2. Press the Transfers icon on the right side menu, then select Transfer to Other Bank.
3. You will receive a One-Time PIN on your registered mobile device. A One-Time PIN will be automatically generated if OTP Generator is activated.
Continue by tapping SUBMIT.
4. The local bank to which you wish to send the money should be selected. BDO was selected for this guide.
Select Instapay as the payment method.
5. The transfer details need to be entered
- From Account – Select the source account.
- Destination Bank – This is the receiver’s bank.
- To Account – Input the receiver’s bank account number.
- Receiver Name – Input the receiver’s account name.
- Receiver Mobile No – Enter the receiver’s mobile number.
- Receiver Email – Enter the receiver’s email address (this is optional).
- Amount (PHP) – Enter the amount to be transferred.
- Purpose – Select the purpose for the transfer.
For the next step, review the details and click SUBMIT.
6. Verify all details and ensure they are accurate. You can then confirm the transaction by tapping the CONFIRM button.
7. The transaction was successful. Your registered email address will also receive the transaction receipt.
Frequently Asked Questions
Q: How long does it take for the transfer to be completed?
A: The time it takes for the transfer to be completed depends on the method you are using to transfer the money and the time of day. Transfers made through online banking or mobile apps are usually completed within 24 hours. Transfers made over the counter or through ATMs may take longer.
Q: Is there a limit to the amount I can transfer from Landbank to BDO?
A: Yes, there is a limit to the amount you can transfer from Landbank to BDO. The exact limit depends on the type of account you have with Landbank and BDO and the terms and conditions of each bank. It’s best to check with both banks for the latest limit before making a transfer.
Q: What should I do if the transfer failed?
A: If the transfer failed, you should contact the customer support of both Landbank and BDO to find out the reason for the failure and to resolve the issue. They will be able to assist you in resolving the issue and ensure that your transfer is completed successfully.
In conclusion, transferring money from Landbank to BDO has never been easier thanks to the rise of digital banking. With the various options available, you can choose the method that suits you best and transfer money quickly and easily. Just make sure to review the fees and charges and the terms and conditions of both banks before making a transfer. With the right information and the right tools, you can transfer money from Landbank to BDO with confidence.