Send Money Safely From Australia To Bpi Philippines

how to send money from australia to bpi philippines

There are several ways to send money from Australia to a BPI bank account in the Philippines. One way is to use the BPI Outward Remittance service, which allows BPI account holders to send money to any international bank account. This can be done through BPI Online, the BPI Mobile app, or at BPI branches nationwide. Another option is to use a money transfer service such as Remitly or WorldRemit, which offer competitive exchange rates and low fees for transferring money to the Philippines. These services allow users to create an account, select their preferred currency and delivery speed, enter the recipient's information, and confirm the transfer.

Characteristics Values
BPI Outward Remittance Account Fast and affordable way of sending money from a BPI account to an international bank account
BPI Outward Remittance Transaction Fee USD 10 fee (discounted from USD 14) for BPI account holders
BPI Outward Remittance Transaction Fee Promo Period Until June 30, 2024
BPI Outward Remittance Channels BPI Online and Mobile App, BPI branches nationwide
BPI Outward Remittance Currencies USD, AUD, GBP, EUR, JPY, SGD, HKD, CAD, NZD, IDR, TWD, INR, CHF, CNY, THB, KRW, NOK, DKK, SEK
Remitly Channels Website, App on the App Store or Google Play
Remitly Transfer Speed Fast and secure
Remitly Currencies Popular currencies supported
Remitly Exchange Rates Competitive
Remitly Fees Low
WorldRemit Channels Online or App
WorldRemit Transfer Speed Within 2 hours, with SMS and email notifications
WorldRemit Currencies Australian Dollars (AUS), US Dollars (USD), British Pounds (GBP), Philippine Pesos (PHP)
WorldRemit Exchange Rates Competitive

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Using the BPI Outward Remittance service

BPI Outward Remittance is a fast and affordable way to send money from a BPI account to an international bank account. The service is available 24/7 via BPI Online or the BPI Mobile App, as well as at BPI branches nationwide.

To use the BPI Outward Remittance service via digital channels, follow these steps:

  • Go to the BPI Outward Remittance page on the BPI website or swipe up on the BPI Mobile app and tap BPI Outward Remittance.
  • Fill out the necessary details, including sending details, receiving bank details, and beneficiary details.
  • A confirmation section will appear. Review the terms and conditions and provide the preferred email address where you would like to receive the acknowledgement of your transaction.
  • Log in to your BPI Online account.
  • Enter the One-time PIN (OTP) sent to your registered mobile number and click "Proceed".
  • A confirmation message will appear, and you will receive an email containing the transaction details.

Alternatively, you can use the BPI Outward Remittance service by visiting a BPI branch. Here are the steps:

  • Print the outward remittance application form in three copies and completely fill out and sign the forms.
  • Visit any BPI branch near you.
  • Provide identification documents and other documents supporting your remittance transaction, such as the purpose of the remittance and the beneficiary's information.

Please note that there may be additional documentation required, depending on the amount sent or if your identity cannot be verified. BPI Outward Remittance supports transactions in multiple currencies, including AUD, USD, GBP, EUR, JPY, SGD, HKD, CAD, NZD, and more.

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Transfer money via WorldRemit

WorldRemit is an authorised and regulated money transfer service that offers transfers to BPI Philippines. Here is a step-by-step guide on how to send money to BPI Philippines via WorldRemit:

Step 1: Sign up or log in

  • If you are a new user, sign up with your email address and create a strong password.
  • If you already have an account, simply log in.

Step 2: Select the Philippines as the destination country

Choose the Philippines as the country you want to send money to.

Step 3: Choose the receive method

Select "bank transfer" as the receive method.

Step 4: Enter recipient details

  • Provide the full name, mobile number, email address, and address of the recipient.
  • Ensure that the recipient's name matches the name on their bank statement exactly to avoid any delays.
  • For BPI accounts, the account number is 10 digits long.
  • You will also need to provide the bank name, IBAN number, and SWIFT code.

Step 5: Enter the amount you want to send

  • Please note that you can only send Philippine Pesos (PHP) to BPI accounts.
  • There are no daily, weekly, or monthly cumulative limits, but high-value transactions may be delayed for verification.
  • The maximum limit for transfers to BPI Philippines depends on the country you are sending from and your chosen payment method.

Step 6: Choose your payment method

You can pay for the transfer by bank transfer to the WorldRemit account or use a debit/credit card for faster delivery.

Step 7: Track your transfer

WorldRemit offers regular updates and tracking for your money transfers.

Please note that WorldRemit follows strict security and verification processes to protect your data and comply with regulatory requirements.

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Use Remitly's digital remittance service

Remitly is a digital remittance service that offers a fast, affordable, and transparent way of transferring money from Australia to the Philippines. Here's a step-by-step guide on how to use Remitly to send money to a BPI account in the Philippines:

Step 1: Sign Up and Select Country

First, create an account on Remitly's website or mobile app using your email address and a password. After signing up, select the Philippines as your destination country.

Step 2: Choose Delivery Method

Remitly offers various delivery methods, including bank deposit and cash pickup. Choose the option that suits your needs. If you select 'bank deposit', you can then choose BPI as the recipient bank.

Step 3: Enter Recipient Information

Provide the necessary details about the recipient, including their name, BPI account information, and any other required data. Ensure that you double-check this information to avoid any delays.

Step 4: Select Payment Method and Amount

Select your preferred payment method and enter the amount you wish to send in Australian dollars (AUD). Remitly offers competitive exchange rates, so you can be assured of getting a good value for your money.

Step 5: Review and Send

Review all the details you have provided, including the recipient's information, payment method, and amount. Once you are satisfied that everything is correct, proceed to send the money.

Benefits of Using Remitly

Remitly is a convenient and cost-effective option for sending money to the Philippines. As a digital service, Remitly has no physical locations, which helps keep costs low. They offer great exchange rates and low fees, ensuring that more of your money reaches your recipient. Additionally, your recipient can easily track the transfer on their end, providing peace of mind for all involved.

By following these simple steps, you can quickly and securely transfer money from Australia to a BPI account in the Philippines using Remitly's digital remittance service.

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Transfer money via the BPI Mobile app

To transfer money via the BPI Mobile App, you must first have a BPI Online Account. Log in to the BPI Mobile App on your mobile device using your username and password or biometrics if you have connected your fingerprint to your BPI Online Account.

Once you are logged in, you will see all the accounts connected to your BPI Online Account. If you have multiple accounts, choose the one you want to transfer funds from. The next screen will show you an overview of your account. Tap Transfer below your account details. On the next screen, you must fill out the details of your transfer. Enter the amount you want to transfer and tick the circle beside 'Transfer to another bank'. A pop-up with a list of banks will appear.

If you are transferring to an enrolled account, select the recipient from your list of enrolled accounts. If you are transferring to an unenrolled account, click 'Enter account number manually' and copy-paste or type in the account number. If you are transferring via QR code, go back and click 'Do you have a QR code?' then upload your QR code.

After entering the recipient's details, enter the amount you want to transfer, then click 'Continue'. Review the details of your transaction, then tap 'Confirm'. A pop-up will appear, telling you to continue with Mobile Key. On the device where Mobile Key is activated, tap the push notification from BPI, then tap 'Approve'.

Transfers to other banks via QR code can only be done through InstaPay. You can also schedule a new transaction when you log in to your BPI online account through the app or via web browser. Under Frequency, choose if you want the transaction to happen one time, monthly, or quarterly, then select the date.

A confirmation section will appear, and you will be required to agree to the terms and conditions and encode the preferred email address where you would like to receive the acknowledgement of your transaction. Log in to your BPI Online account and enter the One-Time PIN (OTP) sent to your registered mobile number. A confirmation message will appear, and you will receive an email containing the transaction details.

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Transfer money via BPI Online

BPI Outward Remittance is a fast and affordable way of sending money from a BPI account to an international bank account. Transactions can be done 24/7 using BPI Online, the BPI Mobile App, or at BPI branches across the Philippines.

To transfer money via BPI Online, follow these steps:

  • Log in to your BPI online account through the BPI website or the BPI mobile app.
  • Navigate to the BPI Outward Remittance page. On the mobile app, swipe up and tap "BPI Outward Remittance".
  • Fill out the necessary details, including sending details, receiving bank details, and beneficiary details.
  • Review and agree to the terms and conditions, and provide an email address to receive an acknowledgement of your transaction.
  • Enter the One-time PIN (OTP) sent to your registered mobile number and click "Proceed".
  • Review the confirmation message and details of your transaction. You will also receive an email containing the transaction details.

Please note that you must have a BPI account with savings or checking account features and be enrolled in online banking to use the BPI Online or Mobile App services for international money transfers. Additionally, there may be fees and charges associated with correspondent banks and foreign exchange rates.

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Frequently asked questions

You can use a digital remittance service such as Remitly or WorldRemit to transfer money to a BPI bank account in the Philippines. You will need to create an account, select the Philippines as your destination country, enter the amount you wish to send, select your delivery option, and enter the recipient's details.

You will need to provide the name and account details of the recipient. Depending on the amount sent and the company you use, you may also be asked to provide additional documentation to verify your identity.

Transfers to BPI Philippines are typically very quick, with some companies offering transfers in a matter of minutes or within 2 hours.

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