Team Zero Fees: Complete Guide for Digital Banks and E-wallets With No Transfer Fee
1 June 2022Because so many of us now make our payments online, mainly when the COVID-19 pandemic happened all over the globe, we must remain abreast of any changes to the policy of the e-banks with whom we do business. It's our job to keep track of bank transfer fees and other charges, so we don't incur any extra costs.
How to have zero balance transfer fees
There has been an increase in the use of digital banking and electronic wallets these past couple of years. And we know how annoying it is to pay those extra fees when sending or transferring balances from one bank to another.
Good thing that there is now a cheat sheet that you can use to avoid those inconvenient transfer fees, and we would like to share it with you.
For those of us who don't mind taking a few extra steps to avoid paying transfer fees, this guide should be of some use to you. On the other hand, if you are one of those who are generous enough and willing to pay more for convenience, you can bookmark this guide and save it for future or emergency use.
Below are the tested methods or strategies that you can apply to avoid being charged some additional costs when transferring fees or sending money from one bank to another:
BPI
For Direct Transfer
Tonik: From Tonik App, top up from BPI
Maya: From Maya App, cash in from BPI
ShopeePay: From Shopee App, cash in from BPI Bank Account
GCash: From GCash App, cash in from BPI
GrabPay: From Grab App cash in from BPI Bank Account
For InDirect Transfer
Metrobank (MBTC): BPI > Tonik > MBTC
UnionBank (UB): BPI > Tonik > UBP
Chinabank (CBC): BPI > Tonik > CBC
CIMB Bank: BPI > GCash > CIMB
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: BPI > GrabPay > ING
Landbank (LBP): BPI > ShopeePay > LBP or BPI > GrabPay > LBP
Banco de Oro (BDO)
For Direct Transfer
ShopeePay: From Shopee App, cash in from BDO Online Banking or DragonPay
GrabPay: From Grab App, link BDO Debit Card
For InDirect Transfer
BPI: BDO > ShopeePay > BPI
Metrobank (MBTC): BDO > ShopeePay > MBTC
UnionBank (UB): BDO > ShopeePay > UBP
CIMB Bank: BDO > ShopeePay > GCash > CIMB or BDO > ShopeePay > Maya > CIMB
Tonik: BDO > ShopeePay > BPI > Tonik
Maya: BDO > ShopeePay > Maya
GCash: BDO > ShopeePay > GCash
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: BDO > GrabPay > ING
Landbank (LBP): BDO > ShopeePay > LBP or BDO > GrabPay > LBP
Metrobank
For Direct Transfer
CIMB Bank: From CIMB App, cash in via Metrobank or DragonPay / From Metrobank App, Bilis Payment
ShopeePay: From Shopee App, cash in via Metrobank direct or DragonPay
For InDirect Transfer
BPI: MBTC > CIMB > BPI
BDO: MBTC > CIMB > BDO
UnionBank (UB): : MBTC > CIMB > UBP
Tonik: : MBTC > CIMB > Tonik
GCash: : MBTC > CIMB > GCash
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: MBTC > GrabPay > ING
Landbank (LBP): MBTC > CIMB > LBP
UnionBank
For Direct Transfer
Maya: From Maya App, cash in from UBP
ShopeePay: From Shopee App, cash in from UBP Bank Account
GCash: From GCash App, cash in from UBP
GrabPay: From Grab App, cash in from UBP Bank Account
For InDirect Transfer
BPI: UBP > ShopeePay > BPI
Metrobank: UBP > ShopeePay > MBTC
CIMB Bank: UBP > Maya > CIMB
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: UBP > GrabPay > ING
Landbank (LBP): UBP > ShopeePay > LBP or UBP > GrabPay > LBP
ChinaBank (CBC)
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: CBC > GrabPay > ING
Landbank (LBP): CBC > CIMB > LBP
CIMB Bank
For Direct Transfer
BPI: From CIMB App, transfer to BPI or Instapay
BDO: From CIMB App, transfer to BDO or Instapay
Metrobank: From CIMB App, transfer to MBTC or PesoNet
UnionBank: From CIMB App, transfer to UBP or PesoNet
ChinaBank: From CIMB App, transfer to CBC or InstaPay
Tonik: From CIMB App, transfer to Tonik or PesoNet
GCash: From GCash App, withdraw from GSave or From CIMB App, transfer to GCash or PesoNet
For InDirect Transfer
ShopeePay: CIMB > BPI > ShopeePay
Metrobank: UBP > ShopeePay > MBTC
CIMB Bank: UBP > Maya > CIMB
For Direct Transfer no personal account
Landbank (LBP): From CIMB App, transfer to LBP or PesoNet
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: CIMB > GrabPay > ING
Tonik
For Direct Transfer
BPI: From Tonik App, send money to BPI or Instapay
Metrobank: From Tonik App, send money to MBTC or Instapay
UnionBank: From Tonik App, send money to UBP or Instapay
ChinaBank: From Tonik App, send money to CBC or Instapay
For InDirect Transfer
ShopeePay: Tonik > BPI > ShopeePay or Tonik > UBP > ShopeePay
GrabPay: Tonik > BPI > GrabPay or Tonik > UBP > GrabPay
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: Tonik > BPI > GrabPay > ING or Tonik > UBP > GrabPay > ING
Landbank (LBP): Tonik > CIMB > LBP
Maya
For Direct Transfer
CIMB Bank: From CIMB App, cash in via ECPay or DragonPay. From Maya App, Bilis Payment
For InDirect Transfer
BPI: Maya > CIMB > BPI
BDO: Maya > CIMB > BDO
Metrobank : Maya > CIMB > MBTC
UnionBank: Maya > CIMB > UBP
ChinaBank: Maya > CIMB > CBC
ShopeePay: Maya > CIMB > BPI > ShopeePay
GCash: Maya > CIMB > GCash
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: Maya > CIMB > GrabPay > ING
Landbank (LBP): : Maya > CIMB > LBP
ShopeePay
For Direct Transfer
BPI: From Shopee App, send money to BPI account
Metrobank: From Shopee App, send money to MBTC Bank account
UnionBank: From Shopee App, send money to UBP Bank account
Maya: From Shopee App, send money to Maya Wallet
GCash: From Shopee App, send money to GCash
For InDirect Transfer
CIMB Bank: ShopeePay > GCash > CIMB or ShopeePay > Maya > CIMB
Tonik: ShopeePay > BPI > Tonik
GCash: Maya > CIMB > GCash
For Direct Transfer no personal account
Landbank (LBP): From Shopee App, send money to LBP Bank Account
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: ShopeePay > GrabPay > ING
GCash
For Direct Transfer
CIMB Bank: From GCash App, deposit to GSave or From CIMB App, cash in via ECPay or DragonPay. From GCash App, Bilis Payment
For InDirect Transfer
BPI: GCash > CIMB > BPI or From GCash App, GCash to BPI MySave account. This only has a low maximum limit though.
BDO: GCash > CIMB > BDO
Metrobank: GCash > CIMB > MBTC
UnionBank: GCash > CIMB > UBP
Chinabank: GCash > CIMB > CBC
Tonik: GCash > CIMB > Tonik
ShopeePay: GCash > CIMB > BPI > ShopeePay
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
ING: GCash > CIMB > GrabPay > ING
Landbank (LBP): GCash > CIMB > LBP
GrabPay
For Direct Transfer
Maya: From Grab App, transfer to Maya
ShopeePay: From Shopee App, cash in from GrabPay Debit Card
GCash: From Grab App, transfer to GCash
For InDirect Transfer
CIMB Bank: GrabPay > GCash > CIMB
Tonik: GrabPay > GCash > CIMB > Tonik or GrabPay > Maya > CIMB > Tonik or GrabPay > ShopeePay > BPI > Tonik
ShopeePay: GCash > CIMB > BPI > ShopeePay
For Direct Transfer no personal account
ING: From Grab App, transfer to ING Bank Account
Landbank (LBP): From Grab App, transfer to LBP Bank Account
ING
For Direct Transfer no personal account
BPI: From ING App, INGPay Transfer to BPI or Instapay
BDO: From ING App, INGPay Transfer to BDO or Instapay
Metrobank: From ING App, INGPay Transfer to MBTC or Instapay
UnionBank: From ING App, INGPay Transfer to UBP or Instapay
ChinaBank: From ING App, INGPay Transfer to CBC or Instapay
CIMB Bank: From ING App, INGPay Transfer to CIMB or Instapay
Tonik: From ING App, INGPay Transfer to Tonik or Instapay
Maya: From ING App, INGPay Transfer to Maya or Instapay
ShopeePay: From ING App, INGPay Transfer to ShopeePay or Instapay
GCash: From ING App, INGPay Transfer to GCash or Instapay
GrabPay: From ING App, INGPay Transfer to GrabPay or Instapay
Landbank: From ING App, INGPay Transfer to LBP or Instapay
Landbank
For Direct Transfer no personal account
CIMB Bank: From CIMB App, cash in via ECPay or DragonPay. Then from Landbank EPayment Portal, Bilis Payment
ShopeePay: From Shopee App, cash in from Landbank
For InDirect Transfer no personal account
Note: These methods are derived only based on the rest of the cheat sheet matrix
BPI: LBP > ShopeePay > BPI
BDO: LBP > ShopeePay > BDO
Metrobank: LBP > ShopeePay > MBTC
UnionBank: LBP > ShopeePay > UBP
ChinaBank: LBP > ShopeePay > CBC
Tonik: LBP > ShopeePay > BPI > Tonik or LBP > ShopeePay > UBP > Tonik
Maya: LBP > ShopeePay > Maya
GCash: LBP > ShopeePay > GCash
GrabPay: LBP > ShopeePay > GrabPay
ING: LBP > ShopeePay > GrabPay > ING
We hope that you find these charge balance transfer fees guidelines useful in a single perspective and beneficial to others as well.
It's true that balance transfers are a great help these days not just to pay your credit card debt on time and to have a good credit history but also essential for foreign transaction fees and even in paying your financial fitness association.
As a matter of fact, convenience costs for bank transactions and most balance transfer cards in the Philippines were waived for some time due to a pandemic of the coronavirus (COVID-19). Here is a list of bank transfer convenience fees as of June 1, 2022:
Balance Transfer Fee Via PESONet
Al-Amanah Islamic Investment Bank of the Philippines – ₱55 to ₱110
AllBank, Inc. – ₱25
Asia United Bank Corporation – ₱8
Australia and New Zealand Banking Group, Ltd. – ₱0 to ₱400
Bangkok Bank Public Co. Ltd. – ₱150 to ₱250
Banko of America, N.A. – ₱20 to ₱2,100
Bank of Commerce – ₱15 to ₱25
Bank of Florida, Inc. – ₱50
Bank of Makati, Inc. – ₱50 to ₱300
Bank of the Philippine Islands (BPI) – ₱0 to ₱50
BDO Unibank, Inc. – ₱50
BDO Network Bank, Inc. – ₱100 to ₱500
BanKo, A Subsidiary of BPI – ₱0 to ₱50
Camalig Bank, Inc. – ₱20 to ₱500
Cathay United Bank Co., Ltd. Manila Branch – ₱200
Cebuana Lhuillier Rural Bank, Inc. – ₱50
China Bank Savings, Inc. – ₱20 to ₱50
China Banking Corporation – ₱20 to ₱200
Citibank, N.A. – ₱100
CTBC Bank Philippines Corporation – ₱25
DCPay Philippines – ₱0 to ₱5
Deutsche Bank AG – ₱10 to ₱2,000
Dungganon Bank, Inc. – ₱10
First Consolidated Bank, Inc. – ₱15 to ₱550
Industrial Bank of Korea – ₱200
Innovative Rural Bank – ₱150
JP Morgan Chase Bank, N.A. – ₱0 to ₱125
KEB Hana Bank – Manila Branch – $5 (peso equivalent)
Land Bank of the Philippines – ₱15 to ₱150
Malayan Savings Bank – ₱50
Maybank Philippines, Inc. – ₱30
Mega International Commercial Bank Co., Ltd. – $10 (peso equivalent)
Metropolitan Bank and Trust Company (Metrobank) – ₱50
Mizuho Bank, Ltd. – Manila Branch – ₱50
MUFG Bank, Ltd. – ₱250 to ₱350
Philippine Bank of Communications (PBCOM) – ₱15 to ₱500
Philippine Naitional Bank (PNB) – ₱20 to ₱50
Philippine Savings Bank (PSB) – ₱50
Philippine Trust Company – ₱50
Philippine Veterans Bank – ₱500
Producers Savings Bank Corporation (PS Bank) – ₱100 to ₱500
Rizal Commercial Banking Corporation (RCBC) – ₱10
RCBC via DiskarTech mobile app – ₱27.50
Robinsons Bank Corporation – ₱20 to ₱100
Security Bank Corporation – ₱15 to ₱50
Shinhan Bank Manila – ₱100
Standard Chartered Bank – ₱50
Sterling Bank of Asia – ₱15 to ₱30
Sumitomo Mitsui Banking Corporation – Manila Branch – ₱250
Union Bank of the Philippines – ₱0 to ₱100
United Coconut Planters Bank – ₱50 to 150
United Overseas Bank Limited, Manila Branch – ₱30 to ₱100
Wealth Development Bank Corporation – ₱30 to ₱100
Yuanta Savings Bank Philippines, Inc. – ₱100
Zybi Tech, Inc. – ₱30
Balance Transfer Fees Via InstaPay
AllBank, Inc. – ₱15
Asia United Bank Corporation – ₱8
Bank of Commerce – ₱15 to ₱25
Bank of the Philippine Islands (BPI) – ₱0 to ₱25
BDO Unibank, Inc. – ₱25
BanKo, A Subsidiary of BPI – ₱0 to ₱25
Card Bank, Inc. – ₱12
Cebuana Lhuillier Rural Bank, Inc. – ₱15
China Bank Savings, Inc. – ₱10
China Banking Corporation – ₱10 to ₱25
CTBC Bank Philippines Corporation – ₱15
DCPay Philippines – ₱10
Dungganon Bank, Inc. – ₱10
East West Banking Corporation – ₱10
G-Xchange Inc. (GCash) – ₱15
Land Bank of the Philippines – ₱25
Malayan Savings Bank – ₱15
Maybank Philippines, Inc. – ₱10
Metropolitan Bank and Trust Company (Metrobank) – ₱25
PayMaya Philippines Inc. – ₱15
Philippine Bank of Communications (PBCOM) – ₱20
Philippine Naitional Bank (PNB) – ₱150 to ₱20
Philippine Savings Bank (PSB) – ₱15
Rizal Commercial Banking Corporation (RCBC) – ₱8 yo ₱25
RCBC via DiskarTech mobile app – ₱27.50
Robinsons Bank Corporation – ₱10 to ₱25
Security Bank Corporation – ₱20 to ₱25
Standard Chartered Bank – ₱25
StarPay Corporation – ₱15
Sterling Bank of Asia – ₱15
Sun Savings Bank – ₱10
Union Bank of the Philippines – ₱10 to ₱30
United Coconut Planters Bank – ₱25
Wealth Development Bank Corporation – ₱15
Zybi Tech, Inc. – ₱8
It's totally an advantage if you have an account opening from the mentioned banking institutions as it will help you to transfer money more easily. Also, make sure to take advantage of your balance transfer credit cards or balance transfer card to pay your interest payments and annual fee to credit unions as this will help you to get an excellent credit score that you can utilize for your future plans like a home investment with Lumina Homes.
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