BPI Removes Fees for Small Transactions Until Sep 30

BPI has eliminated transfer fees for specific minor transactions until September 30.

A statement released by BPI reveals that users of their recently launched application can perform InstaPay transfers, enabling a maximum transfer amount of P1,000 to alternative bank accounts between July 5 and the end of September.

Moreover, the bank has expressed dedication to enhancing financial inclusivity in the Philippines through this initiative.

To fully embrace and maximize the benefits offered by digital banking, Fitzgerald Chee, BPI’s Consumer Platforms Head, suggests that clients take advantage of the new BPI app to conduct free InstaPay transfers of up to Php 1,000.

In a prompt response to a proposal presented earlier this year by the Bangko Sentral ng Pilipinas, BPI has emerged as one of the pioneering banks to eliminate InstaPay interbank transfer fees for smaller online transactions.

PSE:BPI closed on Thursday, July 6, 2023, at P108.80, up by 0.74%. BPI is also up by 16.24% year-to-date.

Support is at P99.85 while the resistance is near P110.00.

The stock trades above its 10-day simple moving average, signifying bullishness in the short term.

If the immediate resistance is broken, the next resistance is at P116.60, intersecting with the 61.8% Fibonacci extension.

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Jaycee De Guzman

Founder and CEO at Equilyst Analytics

Experience the expertise of Jaycee De Guzman, the brain of Equilyst Analytics, renowned for his unique data analysis. He is a computer scientist and a self-taught digital marketing strategist and agriculturist. Since Equilyst Analytics’ founding in 2012, over 10,000 local and foreign clients have consulted with Jaycee de Guzman on crypto and stock investments.

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