Good news for GrabPay Philippines users! We are thrilled to announce that the platform now offers more options for money transfer through the integration of InstaPay. This means that you can now seamlessly transfer funds from ChinaBank and other participating banks and e-money issuers that are supervised by the BSP. With this new feature, transferring your funds to your GrabPay account has never been easier and more convenient since you can now do it in real-time. Gone are the days when you have to wait for several days or even weeks before your transfers reflect on your account. Through the power of InstaPay, not only is money transfer faster, but it is also reliable, secure, and hassle-free. So what are you waiting for? Enjoy the benefits of GrabPay today and experience the convenience of fast, real-time money transfers through InstaPay and our partner banks and e-money issuers.
To ensure a safe and efficient monetary transfer, customers may utilize the InstaPay platform. The process is quick and user-friendly, requiring customers to access their bank’s or e-money issuer’s mobile app or internet banking facility. Within the platform, customers may select their desired recipient institution and transfer through InstaPay. The transfer requires certain necessary details such as the receiver’s account number and the desired amount. InstaPay ensures that funds are transferred in real-time and with utmost security, minimizing the risk of fraud or errors. This modern and hassle-free method of transfer is convenient for those seeking immediate monetary support or payments. Utilizing this technology enhances the safety and ease of sending money to acquaintances, friends, or business partners. Invest your trust in InstaPay for an efficient and reliable monetary transfer experience.
For customers with Chinabank Mobile Banking account, below is the step-by-step guide on how to top-up credits to your GrabPay wallet through Instapay fund transfer feature in Chinabank Mobile Banking app.
No Chinabank Mobile app yet?
If you do not have the app yet, you can download it using Google Play for Android phones and tablets or download in the Apple Store for iPhone and iPad users. Click the icon below and it will be directed to Chinabank Mobile Banking app. You can also find this mobile app by typing Chinabank Mobile banking in Google Play or Apple store search tab.
Login to your account
1 Open your Chinabank Mobile Banking app in your mobile phone or tablet. Enter your Username and Password. Tap the SIGN IN button to open your account.
Pay or Transfer option
2 On the left side menu, press the Pay or Trasnfer icon to start the process of money transfer.
Add Payee
3 A. Click the (1) TO OTHER tab, then tap the (2) ADD PAYEE to add details of the recipient’s bank account.
B. Enter the following details:
1 – Select the Bank name from the drop down menu – GRAB PAY
2 – Enter the Payee Account Number (GrabPay Mobile Number)
3 – Enter the Payee Nickname.
Then, tap the NEXT button.
C. Review the details and ensure all information is correct, then press the CONFIRM button to proceed.
D. A One-Time-Password or OTP will be sent to your registered mobile number. Enter the 5-digit OTP in the box provided, then tap the NEXT button.
E. Once you have successfully added a payee, go back to Pay or Transfer page.
Transfer fund to other bank - GrabPay
4 A. Once you add a PAYEE, it will appear in the list under To Other Bank’s Account. Select the GrabPay details where you want to transfer the money.
B. Enter the following details:
1 – Select your Chinabank account number
2 – Recepient Account Number (GrabPay Mobile Number)
3 – Enter the amount to transfer
4 – Select the date when to transfer the amount
5 – You can add a remark for the transaction
And, press the NEXT button.
C. Review the details and ensure all information is correct, then press the CONFIRM button to proceed.
Service Charge using Instapay has been waived during the ECQ/GCQ or Lockdown period.
D. A One-Time-Password or OTP will be sent to your registered mobile number. Enter the 5-digit OTP in the box provided, then tap the NEXT button.
E. You have successfully transferred the funds to GrabPay wallet. A summary of the transaction with the reference number will be posted. Transaction details will also be sent to your registered email address.
Once the payment has been successful, you can check your GrabPay account if the money has been added to your fund.
SUMMARY
To know more about InstaPay, here is the InstaPay Fact Sheet from Banko Sentral ng Pilipinas (BSP). For the list of participating banks and institutions, click here. And for the corresponding fees by using the InstaPay service, click this link.
Chinabank is a provider of financial services that has been assisting individuals, families, and businesses for many years. To learn more about the wide range of services that Chinabank offers, you can visit their website. On their website, you can find valuable information about their personal and commercial banking solutions, loans, credit cards, and investment opportunities. Additionally, you can explore their different branches and locations to find one that is most convenient for you. Whether you’re looking to open a new account, apply for a loan, or simply want to learn more about the banking services that Chinabank offers, their website is a great resource that can help you get started. So why not take a few minutes to check out their website and see how they can help you achieve your financial goals?