If you’re tired of money transfer fees, then you’re going to be happy with what this e-wallet is doing. Until December 31, PayMaya is giving its users back their transaction fees whenever they cash into their e-wallet or transfer funds to other banks via InstaPay.
That means during the holiday season, sending funds to other banks won’t cost you a thing as you automatically get a Php 15 cashback whenever you transfer via InstaPay.
How to transfer money from PayMaya to other banks
To start transferring funds to other banks via Instapay, all you have to do is follow these easy steps:
- On your PayMaya app homepage, click the Bank Transfer button.
- Choose the bank you’d like to transfer to.
- Input the bank details of your recipient and tap Continue.
- Review the transfer details and hit send.
Just wait for the text message from PayMaya to confirm your transaction and you’re good to go. You also have the option to save the bank details of the contacts you often send money to.
On top of this, you can also get an instant cashback on your InstaPay fees when you cash into your PayMaya account from your go-to banks like BDO, Metrobank, and more. You can enjoy a Php 20 cashback to cover your transaction fee twice every month until the end of the promo period.
For those who don’t yet have a PayMaya account, the app is available for download at the Google Playstore or the Apple App Store.