FUNDS TRANSFER
The Funds Transfer feature is available both in BancNet Online and at over 2,000 ATMs nationwide. There are two types--Intrabank and Interbank.
Intrabank transfers involve moving funds from a cardholder’s savings to his current account (or vice versa) in the same bank. No transaction fees will be charged.
Interbank transfers involve two different accounts and/or member banks. Transactions of this nature are charged P 25.00. The account to be debited should be linked to the ATM card subject to your Bank's existing rules on account validation. The account to be credited can be any type of peso deposit account. Some banks require pre-registration of source and transferee accounts.
There is no limit to the number of times you can transfer funds except that the amount is dependent on the account’s available balance. However, your bank's policies may apply.
How to Transfer Funds through the ATM
1. Insert your ATM card.
2. Enter your Personal Identification Number (PIN).
3. Select Fund Transfer.
4. Select Transferee Bank.
5. Enter the account number of the account you wish to transfer funds to.
6. Select type of bank account to be used (Savings or Current)
7 Enter the amount you want to pay.
8. Don't forget your transaction receipt.
How to Transfer Funds through a Mobile Phone
For Globe subscribers:
a. Intra bank Fund Transfer
Transfer funds from your ATM account to your primary savings or checking account in the same bank:
Text TRA MPIN ACCTKEY AMOUNT to 2956
Ex. TRA 5678 CCB1 200
b. Inter bank Fund Transfer
Transfer funds from your ATM account to another account in another BancNet member bank:
Text IBT MPIN ACCTKEY BANK ACCTNO AMOUNT to 2956
Ex. IBT 5678 CSB1 MET 0002134567891 500
For Smart subscribers:
Service to be availabe soon.
