Transfer Money from Bank to Bank ONLINE -- Local Interbank Fund Transfer

By Nora
Updated Oct 13, 2015

Is Bank-to-Bank Money Transfer or Interbank Fund Transfer possible in the Philippines? Or is it possible to transfer money from one local bank to a different local bank ONLINE?

Yes.  But not with all banks.

Here are 4 ways:

1.  Union Bank EON Visa Debit Card

From this debit card, you can transfer money online to accounts in other local banks, without pre-enrollment of recipient accounts.

You just need these: Name of Other Bank, Name of Account Owner, and Account Number

Online fund transfer from this debit card to an account in another bank costs 10 pesos. There might also be banks that charge recipient or inward transfer fees.

This debit card has no maintaining balance requirement, but it charges 350 pesos per year as annual fee.

2. BancnetOnline.Com

You can transfer money online from one bank to another bank within the BANCNET network.

(Note: As of Dec 19, 2014, interbank transfer is temporarily not available. Check bancnetonline.com from time to time)

Some require pre-enrollment of source and recipient accounts; others do not.  The interbank fund transfer fee is 25 pesos.

List of Banks that Accept Interbank Fund Transfers through bancnetonline.com:

Allied Bank
Allied Savings Bank
Asia United Bank

Bank of Commerce

China Bank
China Bank Savings
Chinatrust Bank
CitiBank Savings Bank
City State Bank

East West Bank
Equicom Savings Bank

Hongkong and Shanghai Bank Corp.
HSBC Savings

Malayan Bank
Maybank World Partners Bank

Philippine Business Bank
Philippine National Bank
Philtrust Bank
Producers Bank

RCBC Savings Bank
Real Bank
Robinsons Bank

Security Bank
Standard Chartered Bank
Sterling Bank of Asia

Tong Yang Bank

3.  Send Money from Your BDO Account to an Account in Another Local Bank

     Choose the Send Money option in your BDO online banking account.
     Click "Send Money to Another Local Bank"
     You'll fill up a form.
      Enter details that include your recipient's name, account no., birth date, mobile no., address, gender, purpose of transaction.
      You'll choose from a list of banks.

       The charge is 100 pesos.  

4.  Send Money from your BPI Account to an Account in Another Local Bank

     You can do this only with your smartphone banking, not with desktop or laptop banking.
      You also need to activate this feature using your atm card at a BPI atm machine before you can transfer money to anyone
     Using your smartphone, download the "BPI" app from Google Play Store or Apple App Store or Windows Store.
      Open the BPI app.
      Login using your BPI Express Online user name and password.
      Touch "Menu"
      Touch "Transfer"
      Touch "Transfer to Anyone"
      You will see "Activate Transfers. Do you wish to activate Funds Transfer to Anyone now?"
      Touch Yes
      Touch "Activate"
      You will receive an email instructing you about activation.
       Activate using your atm card at a BPI atm machine. Choose "Special Services" and "Activate Enrollments"
       You will receive another email confirming your activation.

5.   Online Wire Transfer from a BDO US Dollar Account to Another Local Bank

The local wire transfer cost is US$10.  The transfer process might take 2 to 3 days.


  1. BancnetOnline.Com is not available due to system enhancements. tsk

  2. how can i reach you, please drop any contact if you don't mind thanks

    1. Hello, you can email me at workingpinoy.com@gmail.com

  3. Cnat proceed with transfering fubds due to system update? Trying to transfer money from my bpi to securitybank

    1. Hi maria, try again. Maybe the update is already completed. From time to time banks put on hold their systems for several hours to update.