This service allows you to convert your US dollar funds in your card-based BPI US dollar accounts to Philippine peso via BPI Online.
Overview
Transaction fee (per transaction)
none
Transaction amount limit (per day)
50,000
USD*
*or USD 500,000 cumulative transaction per month
Crediting
real-time
Features
With BPI Online's Dollar to Peso funds transfer facility, you may now enjoy the following benefits:
Accessibility
Convert your US dollars* into Philippine Pesos from the convenience of your home.
*The availability of the US Dollar to Peso facility may change without prior notice.
Safe and secure
Transactions are validated through standard security features, and confirmation page of transaction details.
Real-time credit
Proceeds of the transaction are credited to your card-based Peso Savings or Checking account, real-time.
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Frequently asked questions
What is dollar to peso funds transfer facility?
How are my US dollars converted to Philippine pesos through this online facility?
Upon completion of the transaction via BPI Online, funds are immediately debited from your chosen card-based US dollar account and the Philippine peso equivalent is credited to your chosen card-based Peso Savings or Checking account.
How do I use the dollar to peso funds transfer facility online?
1. Log in and go to “Money Transfer”. Select “Dollar to Peso” tab to fill out the details, and then click “Next”.
2. Review your transaction details and tap “Confirm” to proceed.
3. Transfer done. Keep the details of your transaction for reference.
Note: The dollar to peso funds transfer facility is available to card-based BPI US Dollar and Peso accounts during Monday to Sunday, including holidays.
Is there a maximum amount I can transact through this facility?
You may transact up to USD 50,000 per day or USD 500,000 cumulative amount per month.
What is the exchange rate to be used for this facility?
The applicable exchange rate is the bank's buying rate and will be the rate used to convert your US dollars to Philippine pesos. For Preferred clients, preferential rates will be automatically applied.
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GENERAL RISK DISCLOSURE:
Foreign currency denominated transactions are subject to market volatility and fluctuations in currency rates which may affect the resulting price of the transaction, which the customer should be prepared to accept. All transactions dealt accordingly shall be considered done trades and not subject to reversal. As with all facilities and systems, there are risks associated with utilizing internet-based applications including, without limitation: failure of hardware, software, and internet connection; server downtime; unscheduled or scheduled system maintenance, and such other technical difficulties or errors inherent in online systems. The result of any system failure may be that your order is either not executed according to instructions or is not executed at all.
The customer acknowledges and understands that these are among the risks involved in transactions of this nature and is prepared to accept all such risks in every transaction.
| Deposits are insured by PDIC up to P500,000 per depositor. | BPI is regulated by the Bangko Sentral ng Pilipinas