Fund transfers now made easier and faster with Tonik via InstaPay

Tonik, the Philippines’ first neobank, continues to make digital banking easy and convenient for Filipinos through the integration of InstaPay services on its mobile app. This makes the neobank the first officially BSP- recognized and licensed digital bank in the country to fully implement InstaPay services.

Customers can now send and receive real-time transactions for up to Php 50,000 to and from participating banks and electronic money issuers with no added transfer fees from Tonik.  

To top up a Tonik account, simply go to the “Top Up” options in the app dashboard, choose InstaPay and copy the 14-digit Tonik account number. Once copied, launch the source bank’s mobile app or online banking website, paste the 14-digit Tonik account number and enter the desired amount and other required transaction details. Lastly, perform the required authorization to finalize the transaction.

To transfer funds to another bank, just click on the “Send Money Options” on the app dashboard and select “To another bank.” Change the channel to InstaPay and input the desired cash-out amount, transfer purpose, beneficiary account details, and perform the required authorization.