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Team Zero Fees: Complete Guide for Digital Banks and E-wallets With No Transfer Fee

1 June 2022
Team Zero Fees Complete Guide for Digital Banks and E wallets With No Transfer Fee

Because 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.

 

Want to know the different home model units that we offer? Schedule a site tripping now in the Lumina community nearest you or you can visit our website for more details.

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