Overview
To transfer money from Maya to Security Bank, link your Maya and Security Bank accounts, initiate the transfer through the Maya app, and expect a processing time of 1-3 business days. This method is convenient for freelancers in the Philippines who need to manage their finances efficiently. Download and Register on Maya: First, ensure you have the Maya app installed on your smartphone. Register using your personal details, including a valid email address and mobile number.
Link Your Security Bank Account: Go to the ‘Banks and Cards’ section in the Maya app. Select ‘Add Bank Account’ and choose ‘Security Bank’ from the list. Input your account details carefully to link your bank account.
Verify Your Account: Maya requires account verification for security purposes. You may need to provide a valid ID and other personal information. This step ensures safe transactions.
Initiate the Transfer: Navigate to the ‘Transfer’ section in the Maya app. Select your linked Security Bank account as the recipient. Enter the amount you wish to transfer.
Confirm the Transaction: Review your transaction details carefully and confirm the transfer. Maya will send a confirmation message once the transfer is successful.
- Monitor Transaction Status: Keep an eye on the transaction status within the app. Typically, it takes 1-3 business days for the funds to reflect in your Security Bank account. Fees Breakdown (Philippines 2026)
- Transfer Fees: Expect a fee ranging from PHP 15 to PHP 30 depending on the amount transferred. For most freelancers, this is a negligible cost, considering the convenience provided.
- Comparison: The fee is comparable to a
Ready to start earning in dollars? Sign up for Payoneer → Ad If you’re currently using Payoneer for international transfers, you might want to consider WiseAd as a cheaper alternative.
Detailed Guide
- Other Charges: If using international transfer services, additional fees might apply. These should be checked in advance to avoid surprises. Best Banks to Use -BDO: Known for its widespread ATM network and reliable online banking services. Ideal for freelancers who need easy cash access.
- BPI: Offers robust digital banking solutions, making it suitable for tech-savvy users who prefer online transactions.
- UnionBank: Provides a seamless digital experience with its well-regarded mobile app, which is perfect for managing multiple transactions effortlessly.
- GCash/Maya Options: For those who prefer mobile wallets, GCash and Maya offer extensive features for online payments and transfers. They are particularly useful for freelancers dealing with various financial transactions regularly.
- Transfer Delays: Occasionally, transactions might take longer than expected due to bank processing times or network issues. Patience and regular follow-ups with customer service can resolve these issues.
- Solutions: Ensure all app updates are installed to minimize app-related glitches. For persistent issues, contacting Maya’s customer support can provide timely assistance.
Key Points for Filipino Freelancers
- Create strong profiles on Upwork or Fiverr
- Set up Payoneer for receiving USD payments
- Consider BIR registration for tax compliance
- Use Maya or GCash for quick peso withdrawals
- Explore alternatives to OFW work
Open a Wise account
Wise converts at the mid-market rate and shows its fee before you send. See Wise →Ad
Pro Tips
Pro Tip: Most successful Filipino freelancers use Payoneer to receive payments and transfer to Maya or GCash for instant access to their earnings in Philippine Peso. If you’re looking to optimize your finances, especially as a freelancer, consider the fees associated with various payment platforms. While Maya has nominal fees, they can add up over time. WiseAd shows its fee and exchange rate before you send. For instance, if you were to transfer PHP 10,000 through traditional bank methods, you might incur fees upwards of PHP 800. Additionally, if you’re concerned about online security while transferring funds, using a VPN can significantly enhance your protection. Consider considering Wise for your international transfers.
Related reading
Explore these related guides: