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March 19, 2016 By iSensey

Unionbank EON Fund Transfer to a BPI Account – Bank to Bank Sending

On a previous post, we shared how easy it is to transfer money from your Unionbank EON account to a BDO account using online banking.

Unionbank EON Local Peso Fund Transfer to BPI

We also learned that EON will not charge any fee for using the ‘local peso transfer” facility to transfer funds to an account in Banco de Oro (BDO).  On the other hand, BDO, the receiving bank of the fund transfer, charges a flat rate of P200 pesos as incoming remittance charge (local). Check here for the EON-BDO tutorial.

We have talked with a BDO CSR about its remittance rule, and the CSR confirmed that regardless of amount the incoming remittance fee of BDO is P200.

That is why if you use your EON account to send P1000 to a BDO account holder, the recipient will receive P800 net of the remittance charge. If you send P5000, recipient will receive P4,800.

Unionbank EON to BPI

We were trying to find out if EON to BPI peso fund transfer fee is cheaper compared to that of Unionbank to BDO.

Based on our successful Unionbank EON to BPI fund transfer we learned that BPI charges P150 flat rate for incoming remittance (local).  This P150 is deducted from the amount you transferred. So if you transferred P1000, your recipient will receive P850 in his BPI account.

*Unionbank EON no outgoing remittance transfer charge. Zero fee for local peso transfer to another bank account.

After you completed the transfer from Unionbank your recipient will receive an email about the fund transfer you just made including the amount you sent, date of transaction, the recipient bank, and any message for your recipient.

Here is the email that our recipient received after we made a successful fund transfer bank to bank:

Unionbank local fund transfer to BPI account

Your recipient will receive the funds you sent in his BPI account after two banking days.

The step by step guide in how to do local fund transfer or “local peso transfer” from Unionbank to BPI is similar to the steps we have taken in fund transfer EON to BDO. You only need to select the correct bank (in the example of this post its ‘BPI’) as the recipient bank. Check here for the tutorial.

With our two successful transfers, we have this result:  BPI charges less local incoming remittance fee compared to BDO.

Follow iSensey for more banking and online payment facility tutorials at Facebok.com/iSensey.

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Filed Under: BPI, Money, Tutorials and Guides, Unionbank Tagged With: BPI Incoming Remittance Fee, EON to BPI account, Fund Transfer Bank to Bank, Unionbank Local Peso Transfer, Unionbank to BPI

Reader Interactions

Comments

  1. irish may tejolan says

    April 29, 2019 at 4:54 pm

    no confirmation message appear on the screen but it send, it is possible that my transaction is succesfully transfered to my beneficiary?

  2. Zen says

    June 12, 2019 at 4:12 am

    Not my first to do bank transfer from unionbank to BPI but last June 5, 2019 it shows on my end that it was successful but on my receivers end, no confirmation and no money at all. I have called this one to Unionbank customer service and they only sent me an email about the successful transfer confirmation from bancnet, what to do with BPI? Please I need your help.

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