Planning to transfer money from your Maya wallet or Maya Savings account to other e-wallets and local banks? Currently, if you send money via InstaPay using the Maya app, each fund transfer has an additional fee of P 15. But, using a workaround, you will be able to save the P15 fee and send money for free.
For a free fund transfer, you need to have a Maya virtual card which will be used to link your account to your ShopeePay account. To check the details of your Maya Virtual Card, select the Cards tab in your Maya app. Then, tap the card to flip to see the card details. Press the eye icon and it will display your 16-digit card number, expiry date, and the 3-digit CVV code. If do not have a virtual card yet, just apply for it in the app and link it to your Maya account.
This Maya Virtual Card is only an extension of your Maya e-wallet account. To use this card, you must ensure that your wallet has funds. Whatever amount available on your Maya wallet, that is the same amount you can spend or transfer using the virtual card.
Once you have all the details stated above, you can now transfer from your debit card to other local banks and e-wallets with no additional fee.
1. Link Maya Virtual Card to ShopeePay account
Once your Maya Virtual Card details are ready, open your Shopee app and go to the ShopeePay menu to start linking the card.
- In your Shopee app, go to ShopeePay menu and select Cash-in icon.
- From the list of cash-in options, choose Debit Card and tap Add New Debit Card.
- Enter the details of your Maya Virtual Card and press Submit button to continue. As declared by Shopee, your card details are protected and they do not have any access to your card info.
- 16-Digit Card Number
- Expiry Date in MM/YY format
- CVV – the 3 digit number at the back of the card
- Name on Card – Enter your Maya wallet Account Name
- As an additional security, an OTP will be sent to your registered mobile number. Enter the received OTP in the space provided and tap SUBMIT button. Please note that a PhP 1 will be deducted to your account as a fee for linking your card.
- A notification will be displayed showing the card has been added successfully.
2. Cash-in from Linked-Maya Virtual Card
After you successfully link your card, your virtual card is now available as a Cash-In option in your ShopeePay account. Select that card and follow the next steps to fund your Shopee account.
- Under the Debit Card Cash-in option, select the PayMaya card you just added, and tap the CONFIRM button.
- Select the amount you want to transfer or input the amount in the space provided. The maximum amount per transfer is P50,000. And, press Pay Now button.
- Confirm the details of the transaction and click Pay button to continue. Make sure that you have enough balance on your Maya wallet before making this transaction.
- A pop message will appear showing that the payment transaction is successful.
- Transaction details will be displayed and you will notice that the Admin Fee or transfer fee is P0.00.
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3. Transfer money to other Local Banks and E-Wallets
A. via ShopeePay
Once you cash-in the amount to your Shopee wallet, you will now be able to send money to other local banks and e-wallets with no additional fee. As of Feruary 2023, you can still send money from your ShopeePay account to other e-wallets and local banks for free for the 1st transfer every month. Succeeding transfer will have an additional transfer fee of P15.
- In the ShopeePay menu, tap Send Money icon.
- Select the option for the fund transfer: if you want to send it to a Bank Account, E-Wallet, or via QR. For this guide, Bank Account has been selected.
- Click Add New Bank Account button.
- You can now add details of your bank account and tap the NEXT button.
- Bank Name – select the receiver’s bank name from the bank list
- Account Number – input the receiver’s bank account number
- Full Name in your Bank Account – Full Name of Receiver’s Bank Account
- Enter the amount to be transferred and press Next button.
- Review the details you have entered and tap Send Money Now to process the transaction.
- Enter your 6-digit ShopeePay PIN.
- Bank transfer details will be displayed once the transaction is successful.
B. via SeaBank
Since ShopeePay has only one free transfer per month, you can still send money to other banks and e-wallets for free if you have a SeaBank account. As of January 2023, SeaBank offers free fund transfer. Fund transfer between ShopeePay and SeaBank is also free. To know more about SeaBank, you can read this guide. And here the steps to transfer fund:
- In the Sea Bank main dashboard, tap Pay/Transfer icon.
- Select the option for the fund transfer: if you want to send it to other SeaBank Account, Other Bank Account or E-Wallet. For this guide, Other Bank has been selected.
- From the list, select the name of the receiver’s bank.
- Enter the Receiver’s Account Number.
- Then, input the Receiver’s Account Name.
- Enter the amount to be transferred and press Next button. You will notice that the Transfer Fee is FREE.
- Review the details you have entered and tap Confirm to process the transaction.
- Enter your SeaBank password to complete the process.
- Bank transfer details will be displayed once the transaction is successful.
As a recap, here are the steps again:
- Link your Maya Virtual Card to your ShopeePay account
- Cash-in to your ShopeePay account via the linked-Maya Virtual Card
- Use the Send Money option in ShopeePay to transfer funds to local banks and other e-wallets (Free for 1st transfer every month)
- Use the Transfer option in SeaBank to send money to other banks and e-wallets (Free transfer for all transactions)
Keypoints and Takeaways
Online banking and fund transfer have been of great help these days, since you are not required to go a physical branch anymore just to withdraw money or transfer money to other accounts. However, using online transaction, banks are now implementing additional fees, ranging from P8-25 per transaction. With this, you will think if there is still a way to transfer funds for free. And you just read that there is a workaround for it.
You may be worried that your Debit Card details will be exposed online, as declared by Shopee, your bank details are protected and they do not have access to it. And as additional security, an OTP and PIN are required to complete the process. As long as your registered mobile number is with you, it is safe to do this option.
Aside from Maya Virtual Card, you can also use debit cards issued by other banks. Just link the card to your ShopeePay account and cash-in using that option. And once you have funds in your Shopee wallet, you can transfer it to other banks and e-wallet without any additional fees for 1st transfer per month. And use your SeaBank account to transfer more fund for free.
To know more about the Maya Wallet and Maya Savings, you may visit the Maya website, www.mayabank.ph. And for any related inquiries and concerns, you can reach them via the following contact details:
- Customer Support: +63 2 88457788
- Email: [email protected]
Hello, everyone! I’m Ali Chavez, the admin and creator of the Online Quick Guide blog website. I’ve been an OFW for 15 years now, working in the Middle East. I’m an Electronics Engineer by profession and obtained a Diploma in Computer Science. I created this blog to help everyone, particularly OFWs like me, maximize the use of available online services and applications. These e-services, offered by government agencies, and online banking and mobile apps provide us with easy access and convenience. I hope each tutorial will guide you in using these online services to your advantage.
Good day! I tried linking my Maya virtual card to my ShopeePay but it always fails. How do I solve this?
Hi, I have noticed once that the debit card option is not working in shopee but after few hours or few days it became ok… i suggest try it in different time or after few days again