BPI Wire Transfer: Transfer Time, Fees, and Limits | Instarem (2024)

FAQs

How long does wire transfer take BPI? ›

Payments sent from different banks overseas to BPI accounts, via SWIFT, are likely to take a couple of days. While this can still vary a lot, it's common for an international SWIFT transfer to take about 3 to 5 working days to be deposited.

You can transfer up to an aggregated amount of Php 250,000* per day. This limit includes cash-ins to other partner apps and websites, load prepaid phone and prepaid card, load other prepaid, transfers to other BPI accounts (unenrolled), Instapay transfers, pay e-Gov, pay on delivery, and BPI to Cash.

A wire transfer is an electronic transaction that allows you to quickly send a large amount of money. Other money-transferring services limit how much money you can transmit, but wire transfers allow you to send more than $10,000. Wire transfers deliver funds to the recipient's bank account.

What is the allowed maximum amount per transaction for BPI Outward Remittance via online and mobile app? The maximum amount per transaction is USD 10,000.00/Php 500,000.00. However, it is still subject to the receiving Bank's maximum amount per transaction limit.

If transfers occur between accounts at the same financial institution, they can take less than 24 hours. Wire transfers via a non-bank money transfer service may happen within minutes. If you're sending money to another country, however, it may take as many as five days for the recipient to receive their funds.

Your transactions refresh daily at 10:00 pm Philippine Standard Time.

BPI Cross Border Fund Transfer. Enjoy the convenience and security of sending money from your account in the Philippines to anywhere in the world. Transactions beyond 3:00 pm will be processed the next banking day. Debit will take place 3-5 banking days after the submission.

What is the fee for international wire transfer? ›

Average wire transfer fees

Wire transfer fees have a wide range – from $0 to $50, depending on how and where you're sending the money. Domestic outgoing wire transfer fees typically range from $0 to $35, while international outgoing wire transfer fees are usually $35-50.

You can send up to 15,000 USD equivalent in PHP per money transfer from the Philippines to the USA.

So, you can send an international wire of as much as you like, provided that it's within the maximum wire transfer limits set by your bank. However, you should be aware that transfers over $10,000 will automatically be reported to the IRS.

Wire transfers also have limits, but in general they are higher than ACH transfers. As with an ACH transfer, many major banks impose a per-day or per-transaction wire transfer limit. For example, Chase Bank sets the limit at $100,000 for individuals, but offers higher limits to businesses on request.

If you're sending a large amount of money, you may want to use a wire transfer at your bank. You'll need the recipient's account and routing numbers. You and the recipient will likely incur fees. Wire transfers take place in less than 24 hours but do not occur on weekends or on bank holidays.

Generally speaking, international bank transfers will arrive within one to five working days. Let's explore what this looks like. To send an international payment, you simply need to gather all the necessary information (IBAN number, BIC/SWIFT number, recipient's banking details, etc.)

How long does an PNB international money transfer take? PNB international transfers are processed through the SWIFT network, which will usually mean a delivery time of 3 - 5 days.

The difference between a wire transfer and a real time payment is that real-time payments take place and settle instantly, but wire transfers can take anywhere from a few minutes to 24 or more hours, depending on the financial institutions involved in the transactions.

Funds transferred via InstaPay will be credited to the recipient's account real-time. In case of non-real-time credits to recipients, you may send us a message or contact our 24-hour BPI Contact Center at ‎(+632) 889-10000 to check the status of the transaction.