PESONet is an interbank funds transfer service under the National Retail Payment System (NRPS) of the Bangko Sentral ng Pilipinas (BSP) which allows clients to electronically transfer high-value funds between their BPI account and other accounts in participating banks and financial institutions in the Philippines.

You must have a BPI BizLink account and submit an enrollment form to activate “Pay Non-BPI Facility” to transact via PESONet. Non-BizLink users must also submit documentary requirements. You may contact your Corporate Banking Relationship Manager or Cash Management Specialist to request for the enrollment form.

The maximum amount per credit transaction is PhP 10,000,000. However, it is still subject to the receiving Bank’s maximum amount per transaction limit.

No, there is no limit on the number of transactions. Client may send multiple transactions, with a maximum of PhP 10,000,000 per credit transaction.

A fee of PhP 50 is charged for every credit transaction when sending to other banks or e-money issuers.

PESONet is only available during banking days via BPI BizLink.

The cut-off time for transactions is at 2PM. If the transaction is within the cut-off time, it will be credited on the same day. If the transaction was made after the cut-off or during weekends and holidays, it will be processed and credited on the next banking day.

The Philippine Clearing House Corporation (PCHC) is the designated clearing switch operator for PESONet.

Yes, transactions carried through PESONet are secured following the BSP-mandated and bank security standards.

PESONet transaction in BPI BizLink is enabled by a maker-checker facility, wherein authorized personnel of the company will be assigned as maker (to input the transaction details) and as checker (to approve the transactions) with corresponding usernames and passwords, before it goes through the system for processing.

The following are the possible types of transactions that can be made via PESONet:

• Payments to a Payee or several Payees.
• Bulk payments that are not urgent or can be made within 1-2 days.
• Settlement of commercial obligations or supplier payments.
• Payroll to other banks.
• Payee is not online.
• An alternative to checks.

Regular BPI Peso Savings or Checking Account of individuals and corporations can be used a source account for PESONet for sending and receiving funds.

USD accounts, Time Deposit, Save-up, SBA/Merchant or Collection Accounts, and Prepaid Cards are not eligible to send/receive funds.

No, you can only make transfers between accounts maintained with PESONet participating institutions.

Click here for the list of participating banks and financial institutions. You may also visit www.pesonet.info for the updated list of participating institutions and news updates.

It is not required to pre-enroll the recipients’ accounts. You just need to indicate the beneficiary’s complete details when making the transaction.

Yes, sender will receive a status feedback via BPI BizLink.

Yes, PESONet allows 3 different types of transaction schedules:

• Pay Now
• Pay On
• Pay Every

Once your account has been debited, the transaction is considered final and can no longer be cancelled.

No. Therefore, it is important to confirm the accuracy of the receiving account information before proceeding to send the funds.

As long as a valid account number is provided, whether or not it is for the intended recipient, the transaction will be considered final and can no longer be cancelled. Thus, we are recommending the sending clients to verify the details to its recipients first before the actual transaction.

Yes, here are the possible instances for unsuccessful credit:

• Invalid payee account number (may be incorrect, closed, dormant, blocked or frozen)
• Name of beneficiary account does not match the details of in the Receiving Bank’s system
• The currency of the beneficiary account is not in PhP

The funds will be credited back to your account within 1-3 banking days. The amount that will be credited will be net of the transaction charge.

You may call or email the following:

• Corporate Client Segment - clientservicing@bpi.com.ph; 790-1400
• Business Banking Group - bizlink@bpi.com.ph; 918-2000

InstaPay and PESONet are two interbank funds transfer services under the National Retail Payment System of the BSP. Here are the differentiating features of InstaPay and PESONet.