BPI to charge fund transfer on Oct. 1
The Bank of the Philippine Islands (BPI) will reimpose its P50 fund transfer service fee to other local banks done through its mobile app, according to a report by GMA News.
In an advisory to customers, BPI said starting October 1, 2020 it will resume the fees for the following services:
- Funds transfer to other banks via InstaPay and PESONet
- Funds transfer to unenrolled BPI accounts
To recall, the bank temporarily waived the P50 transfer service fee from March 18 until September 30, 2020 amid community quarantine restrictions which prompted increased demand for digital transactions.
Nevertheless, BPI said clients may continue to make free BPI-to-BPI transactions by transferring via QR Code or enrolling a third-party account.
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