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Thursday, February 14, 2013

How to Transfer Money Online From BPI to Another BPI Account?


This tutorial will teach you how to enroll another Bank of the Philippine Island (BPI) account to your existing BPI Express Online Account to be able to transfer money. But before that, please see the following requirements:

1. Your account should be enrolled to BPI Express Online
2. You have stable* internet connection (just to be safe).

*The second requirement is just for convenience. BPI Express Online doesn't require huge internet bandwidth, but at least your connection should not be intermittent.

Steps in Enrolling Other BPI Accounts


(1) On your web browser, go to www.bpiexpressonline.com
BPI Express Online is BPI's online banking facility that operates 24/7.


(2) Click the menu "Fund Transfer", and then click on the "Enroll Third Party Accounts".
- Normally, you are only allowed one BPI Express Online account, even though you also have accounts in BPI Direct and BPI Family Savings Bank. So, the "third party accounts" here refer to accounts not under your name.
Click to Enlarge


(3) Select whether to mail the document or submit it to your branch personally.
Click to Enlarge



(4) Fill out the required information.
- JAI or Joint Account Indicator Number refers to the number at the end of you name as it appears in the ATM card. If you lost your card, ask your branch for that information.
Click to Enlarge

(5) Click continue, submit and print the document, then sign it using four variants of your signature.
Click to Enlarge
(6) Based on your option in number (3), either submit the printed document to the branch where you opened your account or mail it to the address below:


BPI Fulfillment Banking Group
9/F BPI Card Center
8753 Paseo de Roxas, Makati City 1200
Philippines


The turn over time for branch submission is just three (3) banking days (weekends not included). For mail, you will wait a little longer because of the shipping time.

Unlike Unionbank Philippines, BPI does not allow you to transfer funds online just to anyone with a BPI account. As shown above, you need to explicitly allow that for specific accounts. Although it might seem as an inconvenience, it is very safe. In case a hacker cracked your password, he is only allowed to transfer money to an account that you allowed. That's a thick layer of security.

About Bank of the Philippine Islands (BPI)

BPI is the banking arm of Ayala Corporation. It is the third largest in the country in terms of asset, the most profitable, and the biggest in market capitalization. It is also the oldest banking company in the country established way back in 1851.

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