For employees, savings and investments should be the top priority as soon as paycheck is received. BPI automatic savings can do exactly that without lifting a finger. Here’s how to do it.
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Always remember to pay yourself first. As Warren Buffett puts it, “Don’t save what is left after spending; spend what is left after saving.” Saving is painful but here’s a trick I’ve been using through BPI Online – how to automate savings.
How to Setup BPI Automatic Savings Through Scheduled Transfers
1. Log in to BPI with your username and password
2. Hover to Funds Transfer, then hover again to Scheduled Fund Transfer
3. Click Schedule Fund Transfer
4. Fill up the form completely
Enter amount to transfer
Select the source account
Select the destination account (recipient). If destination account is a 3rd Party account, you need to register it first by going to any BPI branch. If it is your own account, no need to register at BPI branch
Tick Recurring Transfers
Select Mode of transfer (either monthly or quarterly)
Select the Start Date
On Alert Options, tick Alert me by email 3 days before scheduled transfer is processed
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