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Inter-Bank funds transfer
Funds transfer within the BancNet network
Need to transfer money between HSBC or HSBC Savings Bank and other BancNet affiliated accounts? Avoid the hassles and the risk of carrying cash just to move money from an account with one bank to another. With HSBC Inter-Bank Funds Transfer, all you need to do to transmit money to and from local banks is to go to a BancNet ATM.
Is there a fee to this service?Yes. Enjoy this amazing service at a very practical fee of PHP25.00 per successful transfer.
If you exceed 3 IBFT transactions daily, a PHP90.00 fee per successful transfer will be applied.
All transactions are processed real-time, therefore the amount will be deducted instantly from the sending account and added instantly to the receiving account.
No. To protect you from any unauthorized or fraudulent transactions, we have imposed a daily transaction limit for transfers:
| ATM Card | Debit Card | |
| SalaryPlus/Classic | PHP40,000 | PHP25,000 |
| PowerVantage | PHP40,000 | PHP50,000 |
| Premier | PHP40,000 | PHP100,000 |
How does it work?
Step 1: Go to any BancNet-affiliated ATM. View list of BancNet-member banks.
Step 2: Insert ATM or Debit Card.
Step 3: Input PIN, then choose Transfer.
Step 4: Press Yes to confirm that you wish to transfer money to another bank's account.
Step 5: Select the bank you want to transfer money to.
Step 6: Enter your beneficiary account number.
Step 7: Input the amount you’d like to transfer.
Step 8: Confirm the details of your transaction.
Member: PDIC. Maximum Deposit Insurance for Each Depositor P500,000
