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Transfer Funds via PESONet
Transfer funds of more than Php 50,000 to other local banks conveniently via BPI Online, Mobile App, or BPI BizLink.
How to use
Transaction Fee (Per Credit Transaction)

Php 50

Availability

Banking days

Crediting

Same Day*

Transaction Amount Limit (Per Transaction)

Php 250,000**

Number of Transactions (Per Day)

No limit

*PESONet transfer requests done before 4:00 PM will be credited to the recipient accounts on the same day.

** A higher limit is available for Preferred, Private Banking, Business Banking, and Corporate Banking clients.

Service features
Convenient

Avoid carrying loads of cash by conveniently transferring funds of more than Php 50,000 online.

Efficient

Make your day-to-day operations more efficient by doing your transactions online.

Safe and Secure

No need to withdraw money and physically deposit it to another bank.

How to transfer funds to other banks

Via Online/Mobile App


1. Login at BPI Online or at the BPI Mobile App.

2. Select "Transfer Money" from the menu selection.

3. Select "Transfer to: Another bank" then choose "PESONet".

4. Fill-in details of transaction.


Via BizLink


1. Fill out the enrollment form and submit documentary requirements* through your branch or Relationship Manager.

2. Once enrolled, you may now transact PESONet via BPI BizLink:


a. Login to BPI BizLink.

b. Click Payments and Transfers >>> Pay Non-BPI.

c. Select your Corporate Code.

d. Choose Single or Multiple Entry.

e. Fill in the details and click Submit.


Important Note: Make sure that the recipient details are accurate before proceeding with the transaction.

*Non-BizLink users must submit additional documentary requirements.

Online Banking
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Frequently asked questions

What is PESONet?

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.

What is the difference between InstaPay and PESONet?

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.

How do I transact via PESONet?

You may transfer funds via PESONet thru the following platforms:

a. BPI Online
b. BPI Mobile App
c. BPI BizLink (for Non-individuals) — Pay Non-BPI Facility.

What is the allowed maximum amount of transaction?

a. Individuals — Php 250,000*
b. Non-individuals — Php 20,000,000**

This limit includes cash-ins to other partner apps and websites, load prepaid phone and prepaid card, load other prepaid, transfers to other BPI accounts (unenrolled), interbank funds transfers, Pay e-Gov, Pay on delivery, and BPI to Cash.

*A higher limit is available to Preferred and Private Banking clients.
**It is still subject to the receiving bank is maximum amount per transaction limit.


Note: You may customize your transfer limits. Please see steps on how to set transfer limits.

Is there a limit on the number of transactions per day?

No, there is no limit on the number of transactions. Client may send multiple transactions, with their corresponding maximum credit transaction.

How much is the transaction fee?

A fee of Php 50 is charged for every credit transactions. 

The transaction fee is waived for Preferred and Private Banking clients.

What is the availability of the service?

PESONet is only available during banking days via BPI Online, BPI Mobile App, and BPI BizLink.

When will the funds be credited to the Recipient’s Account?

1st Batch — 10:00 AM cut-off
2nd Batch — 4:00 PM cut-off

If the transaction is within the cut-offs, it will be credited on the same day. If the transaction was made after the 4:00 PM cut-off or during weekends and holidays, it will be processed and credited on the next banking day.

For BizLink PESONet transactions, if the transaction was made not within 7:00 AM and 4:00 PM during weekends and holidays, it will be processed and credited on the next banking day.

Who is the clearing switch operator of PESONet?

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

Are these services secured?

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

How do we ensure the accuracy and security of the transactions?

PESONet transaction in the BPI Online or BPI Mobile App is done with a confirmation process before approving the transaction. This will help in reassuring the accuracy of the transaction.

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.

What are the possible purposes or types of transactions than can be made via PESONet?

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

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

What BPI accounts are eligible for PESONet transfer service?

BPI Peso Savings or Checking Account (Individual and Corporate Accounts) can be used as source account and for receiving funds.

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

Can PESONet be used to transfer funds to a non-participating institution?

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

See updated list of PESONet participating institutions.

Is it required to pre-enroll the bank accounts that will be the recipient of the funds?

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

Will I be notified regarding the status of transaction?

Yes, sender will receive an email and SMS after the transaction request. If the transaction is done via BizLink, sender will receive a status feedback in BizLink.

Can I make scheduled transactions?

If done via BPI Online/Mobile App, the transaction request will be processed immediately. If done via BizLink, PESONet allows 3 different types of transactions schedules:

a. Pay Now
b. Pay On
c. Pay Every

Can I request for cancellation of the transaction?

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

Will the system be able to determine if a wrong beneficiary account number or name was inputted?

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

Can I request for funds to be recovered if I entered the incorrect account details and the transaction pushed through?

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.

Will there be instances of an unsuccessful credit to the receiving bank?

Yes, here are the possible instances for unsuccessful credit:

a. BPI connection is down
b. PCHC connection is down
c. Invalid payee account number (may be incorrect, closed, dormant, blocked, frozen)
d. Name of the beneficiary account does not match the name of the beneficiary submitted
e. The currency of the beneficiary account is not in PHP (Philippine Peso)

In case of rejected transactions or unsuccessful credit, when will the funds be credited back to my source account?

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.

How do I report transaction concerns regarding PESONet?

You may proceed to the nearest BPI branch, send us a message, or call our 24-hour BPI Contact Center at (+632) 889-10000 for Metro Manila or 1-800-188-89100 for domestic toll-free calls.

You may also call or email the following:

Corporate Banking Group
Telephone: (+632) 8790-1400
Email Address: clientservicing@bpi.com.ph


Business Banking Group
Telephone: (+632) 7918-2000, press 1
Email Address: bizlink@bpi.com.ph

Documentation
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