Sending money to bank accounts using QR codes provides convenience and avoids the wrong entry of account details.
BPI has this nifty QR code feature and can also send money to other banks with QR codes.
If you want to know how to generate QR codes in BPI Mobile, check out this article.
Table of Contents
What is a QR Code?
A QR or quick response code is a highly customizable image developed in 1994 by Denso Wave, recognizable with a pixel-like appearance.
There are four types of QR codes, namely QR code Model 1 or 2, Micro QR code, SQRC, and Frame QR.
It is technically still a barcode but presented in a matrix form and can hold more information.
How to generate QR Code in BPI (Steps)
This is the process on how to generate QR code in BPI Mobile:
Step 1: Open the BPI Mobile or BPI Online app on your smartphone.
Step 2: Go to Other Services.
Step 3: Tap on QR Generator.
Step 4: Choose the account to be used for QR code generation.
Step 5: Provide a nickname to the QR code using up to 10 letters and numbers.
Step 6: Download the QR code by clicking Save to Device.
You can now use the QR code image for future transactions where you would like to request money transfer or payment from other BPI app users.
BPI QR code validity
All of the QR codes you have generated are valid for as long as your BPI account is active.
Even if you have generated a new one, the previous one will still be valid.
BPI QR code transfer limit
You can send a maximum of P50,000 every day for each source account under the “Transfer From” on your BPI Transfer Money page.
The whole amount can also be sent at once, but you can no longer send any more money if you have one source account, such as Savings Account.
Are there fees when transferring money through the BPI QR code?
There are no fees when transferring funds using the BPI QR code, or at least when the recipient has an enrolled account.
Otherwise, there will be a fee of 10 pesos per successful fund transfer transaction.
Can I send money to QR codes from other banks?
Yes, you can transfer funds to other banks in the Philippines using their QR code.
You can either upload or scan their QR code, just like how you would do with a BPI account.
Scanning will recognize the QR codes from Allbank, AUB, BDO, Card Bank, Chinabank, Landbank, Maybank, Metrobank, Paymaya, PNB, PSB, Queen City Development Bank, RCBC, Robinson’s Bank Corporation, Rural Bank of Guinobatan, Starpay Corporation, Sterling Bank, and Unionbank.
Only BDO, Chinabank, Metrobank, RCBC, and Unionbank allow the saved image QR code uploading.
How to Generate QR Code BPI – Conclusion
BPI provides a more secure money transfer method by letting users create their QR codes.
It would help if you took advantage of this for its convenience and even popularity in raising donations for good causes.