How to Still Enjoy Free BPI Mobile Transfers?

On May 30, 2019, the Bank of the Philippine Islands announced that they will be implementing new fees starting July 1, 2019 for mobile transfer to unenrolled third party accounts i.e. BPI to BPI accounts (PhpP10) and mobile transfer to other banks via InstaPay (PhP50). To be honest, I opened an account with them way back in 2012 because they were the only bank which allows over-the-counter deposits to regional BPI banks FREE of charge. But recently, they are charging PhP50 for every interbranch deposit. Moreover, they will be imposing these new mobile transfer fees starting July! Such another burden BPI.

But there are still ways to enjoy the BPI mobile transfer service for FREE, most especially to those online sellers who utilize BPI transfer as mode of payment. I will be sharing with you on how to use the BPI mobile transfer despite the new fee implementation and let your business thrive after this new fee is implemented.

How to Still Enjoy FREE BPI Mobile Transfers?
A. Transfer via QR
For now,this is the most efficient way to transfer money for BPI to BPI accounts. I recommend using this method since it's error-proof. We need not worry of inputting the wrong account number and it's also faster as compared to the traditional way of typing the account numbers.
To do:
1. Log-in to your account via BPI mobile app or the webpage version (their interface are now similar by the way). Go to Other Services} QR Generator.
2. Select the account where money will be received and type a nickname for it. Any name will do.
3. Click the Generate button and wait for the QR code to be generated. Once finished, click the Save to Device. Now, the saved picture of your account QR code will be used to allow your family, friends and customers to send you money from their BPI accounts. So, whenever you request payment from other people, just send the picture of the QR code.
4.  For them to send you money, let them use the Transfer via QR button from the homepage of the mobile app. Choose import from Gallery.


B. Enroll your other accounts and third party accounts
Though the transfer via QR code is the easiest method, it is only FREE for a limited period of time (until BPI public notice). Once fee is implemented to Transfer via QR, our only option for FREE mobile transfer is enrolling third party accounts by visiting a branch near you or by mailing signed Third Party Enrollment Form. You can download the Third Party Enrollment Form here. Follow the steps below to enroll third party accounts.

In the long run, we can still enjoy the FREE transfer if we enroll the accounts; but this is quite tedious especially to the online buyers. Whenever they want to use the service to a new online seller, they will have to enroll the account first before they can make payment. I think this is a wrong move for BPI. Surely, people will find another bank that do this for FREE all the way! Hello BDO and LBP...

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