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.

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.

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.

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.

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

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

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

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

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.

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 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.

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.

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.

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

See updated list of PESONet participating institutions.

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.

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.

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

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:

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)

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 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