Can I deposit 100k in GoTyme?

Depositing Large Sums into GoTyme: A Comprehensive Guide

GoTyme, a popular mobile banking platform, offers a convenient and secure way to manage your finances. While depositing smaller amounts can be done through various online channels, funding your GoTyme account with larger sums requires a slightly different process.

Over-the-Counter Deposit

To deposit 100k or more into your GoTyme account, you’ll need to make an over-the-counter (OTC) deposit at a partner bank. GoTyme has partnered with several banks nationwide, including BDO, BPI, and Metrobank.

Process:

1. Visit your chosen partner bank branch.
2. Inform the teller that you wish to make an OTC deposit to your GoTyme account.
3. Provide your GoTyme account number and amount you wish to deposit.
4. Pay the nominal transfer fee (typically ranging from 15 to 25 pesos).

Internal Transfer

Once the OTC deposit is processed, the funds will be transferred to your GoTyme account via an internal transfer. This transfer is free of charge. The transfer usually takes a few minutes to complete, but may vary depending on the bank’s processing time.

Important Considerations:

• Make sure you have a valid GoTyme account before making an OTC deposit.
• Keep a record of your OTC deposit transaction for future reference.
• Contact your partner bank for specific instructions and any additional requirements.
• The OTC deposit limit may vary depending on the bank and your account status.

By following these steps, you can securely deposit 100k or more into your GoTyme account and take advantage of its convenient banking services. Remember to factor in the nominal transfer fee charged by your traditional bank when making an OTC deposit.