Transfer-Money-From-BDO-to-PayMaya

How to Transfer Money From BDO to Maya

by

Nowadays, transferring money between accounts has never been easier. This is especially true for Filipinos who use BDO, a leading bank in the Philippines, and Maya (formerly PayMaya), a widely used e-wallet.

If you need to transfer money from BDO to Maya wallet, you’re in luck! There are two convenient methods available: via BDO online banking and via BDO mobile banking.

In this article, we’ll walk you through both methods step by step, ensuring a smooth and successful transfer.

Transfer Money From BDO to PayMaya

Understanding the Transfer Process

Before diving into the specific steps, it’s important to understand the underlying process. When transferring money from BDO to PayMaya, you’re essentially initiating an InstaPay transaction.

InstaPay is a real-time interbank electronic fund transfer service offered by the Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank.

This service allows for the immediate crediting of funds to the recipient’s account, making it a fast and efficient way to transfer money.

Things to Consider Before Transferring

Here are some key points to remember before initiating your transfer:

  • Minimum and Maximum Transfer Amounts: The minimum amount you can transfer from BDO to PayMaya is typically Php 500. The maximum daily transfer limit may vary depending on your BDO account type. It’s always best to check your BDO online banking or mobile banking app for the latest limits.
  • Transaction Fees: BDO may charge a minimal fee for InstaPay transactions. The current fee structure can be found on the BDO website https://www.bdo.com.ph/hong-kong/fees. PayMaya, on the other hand, typically does not charge fees for receiving funds via InstaPay.
  • Account Information: Ensure you have your complete PayMaya registered mobile number readily available.

Transfer Money From BDO to Maya

There are two ways to transfer money from BDO to Maya, namely via BDO Online Banking and via the BDO Mobile Banking App

A. Transfer Money From BDO to Maya via BDO Online Banking

1. Access BDO Online Banking: Open a web browser and navigate to the BDO online banking website https://www.bdo.com.ph/personal. Log in using your BDO online banking username and password.

2. Select “Send Money”: Once logged in, locate and select the “Send Money” option on the main menu. This may vary slightly depending on the specific layout of your BDO online banking platform.

3. Choose “To Another Local Bank”: From the “Send Money” options, choose “To Another Local Bank.” This will initiate a transfer to another Philippine bank account, including your PayMaya account.

Choose To Another Local Bank

4. Choose “Proceed without a template” or select a saved template if you have one. Click “Next.”

Proceed without a template

5. Enter or select sender and recipient details:

  • Settlement Type: The default choice is “Credit To Another Local Bank”
  • Transaction Type: The default choice is “Credit to Other Bank”
  • Transfer from: Select your bank account
  • Amount: Enter the amount you want to send
  • Destination Bank: Choose “PayMaya Philippines, Inc. 11-Digits via InstaPay [PPI]”
  • Destination Account Number: Enter the 11-digit PayMaya number of your recipient or receiver
  • Receiver Name: Enter your receiver’s last name, first name and middle initial
  • Mobile Number: Enter your receiver’s mobile number
  • Purpose of Transaction: You can write anything (e.g. fund transfer)

6. If you want to save this information for future use, check “Save as New Template.”

7. Click “Submit” to continue with the transaction.

Submit

8. Review and Confirm: Double-check all the information you have entered, including the recipient bank (Maya Philippines, Inc.), your PayMaya mobile number, and the transfer amount. If everything is correct and accurate, click “Continue.” Otherwise, click “Cancel” to edit your transaction.

Review and Confirm

9. One-Time PIN (OTP) Verification: BDO will send a one-time PIN (OTP) to your registered mobile number. Enter this OTP in the designated field on the online banking platform to verify and complete the transaction.

One-Time PIN (OTP) Verification

10. Transaction Confirmation: Upon successful verification, you should receive a confirmation message from BDO on your screen. You may also receive an SMS notification from PayMaya confirming the successful crediting of funds to your wallet.

Transaction Confirmation

B. Transfer Money From BDO to Maya via BDO Mobile Banking App

  1. Launch the BDO Mobile Banking App:
    Open the BDO Mobile Banking App (BDO Online) on your smartphone or tablet. Ensure you have the latest version of the app downloaded and installed.
  2. Log in with Credentials:
    Log in to your BDO Mobile Banking App using your username and MPIN (Mobile Banking PIN).
  3. Tap the “Send Money” tab at the bottom of the screen and then select “To Another Local Bank.”
  4. Select “Proceed without a template” and press “Continue.” If you have a saved template, you can choose that one instead.
  5. Enter or select the following required information:
    • Transaction Type: Select “Credit to Other Bank”
    • Transfer From: Choose your bank account number
    • Amount: Enter the amount you want to send to PayMaya
    • Destination Bank: Choose “PayMaya Philippines, Inc. 11-Digits via InstaPay [PPI]”
    • Destination Account Number: Enter the 11-digit PayMaya number of your recipient
    • Purpose of Transaction: You can write anything (e.g. payment)
    • Template Name: You can just write “PayMaya” or anything you want
    • Template Description: Write something to describe the template
  6. In the BDO mobile app, the template name and description are required. A template is saved information that will be used in the future. So if you want to make another BDO to PayMaya transfer to the same recipient, you can use your saved template and the required information will be reused.
  7. Tap “Confirm” to proceed with the transaction.
  8. Review your transaction details to make sure that everything is correct. Take note of the InstaPay service charge. Tap “Continue” to go ahead with your transaction.

Congratulations, you have successfully transferred money from BDO to Maya. You will receive an email from BDO confirming your successful transaction. Your recipient will also receive a text message from PayMaya informing him of the fund transfer.

Video Example: youtube.com/@peraiq

Additional Tips: Transfer Money From BDO to Maya

  • Ensure Stable Internet Connection: Whether using BDO online banking or the mobile banking app, a stable internet connection is crucial for a smooth and successful transfer. Avoid initiating transfers in areas with weak or intermittent internet connectivity.
  • Double-Check Information: Always double-check the recipient bank (Maya Philippines, Inc.), your PayMaya mobile number, and the transfer amount before confirming the transaction. Typos or errors can lead to delays or even failed transfers.
  • Review Transaction History: Monitor your BDO account activity and PayMaya transaction history to ensure the funds have been transferred successfully. Both platforms typically provide options to view recent transactions.
  • Contact BDO Customer Service: If you encounter any difficulties during the transfer process, don’t hesitate to contact BDO Customer Service for assistance. Their 24/7 hotline number is (+632) 843-5777.