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How do I waive or minimize interbank transaction fees imposed by banks?

You can waive the interbank fees by creating an account in every bank enabling intrabank transfers where there will be no fees imposed.

For example:

You are accepting payments via Direct from BDO, Metrobank and RCBC. We suggest that you create an account in every bank that you are expecting to receive funds from.

Add these banks as your destination account on the Brankas Dashboard, creating Destination account IDs.

Set “bank_code”: “BDO_PERSONAL” in the checkout request to Direct, and set the same destination account ID to your BDO destination account ID. Therefore, bank fee=0

If you can’t find what you need or need further assistance, contact us.

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