How can I transfer money from BPI for free?

Effortless Money Transfer from BPI: Guide to Free Transactions

Banking transactions can be time-consuming and costly. However, with BPI’s convenient digital platform, you can transfer money for free and with ease. Follow this step-by-step guide to send funds from your BPI account without incurring any charges:

Step 1: Access the BPI App

• Start by launching the BPI mobile application on your smartphone.

Step 2: Navigate to General Settings

• Once logged in, tap on “More” located at the bottom right corner of the screen.
• From the menu that appears, select “General Settings.”

Step 3: Manage Billers/Payees

• Under “General Settings,” scroll down and choose “Manage Billers/Payees.”

Step 4: Add a New Recipient

• Click on the “Add New Payee/Biller” option.
• Select “Other Persons Account” as the payee type.

Step 5: Enter Recipient Details

• In the “Add New Payee” screen, fill in the following details:
  • Nickname: Assign a name for the recipient for easy identification.
  • Account Number: Enter the bank account number of the recipient.
  • Bank Name: Select the bank name from the dropdown menu.

Step 6: Verify and Authenticate

• Review the details carefully to ensure accuracy.
• Tap on “Verify Account” to confirm the recipient’s information.
• Authenticate the transaction using your Mobile Key to complete the setup.

Step 7: Initiate Money Transfer

• Return to the BPI app home screen.
• Select the “Send Money” feature.
• Enter the amount you wish to transfer and the recipient’s nickname.
• Confirm the details and proceed with the transfer.

Enjoy Free Money Transfer

Congratulations! You have successfully set up a free money transfer from your BPI account. You can now transfer funds to the added recipient without incurring any additional charges. Note that free money transfers are limited to other BPI accounts or to enrolled recipients in other banks.