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. Transfer fees are minimal, typically around PHP 15 to PHP 30, depending on the transaction amount. This method is convenient for freelancers in the Philippines who need to manage their finances efficiently.
Quick Facts
| Aspect | Details |
|---|---|
| Fees | PHP 15 - PHP 30 |
| Processing Time | 1-3 Business Days |
| Minimum Withdrawal | PHP 100 |
| Supported Banks | BDO, BPI, UnionBank, Security Bank |
Step-by-Step Process
1. **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. 2. **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. 3. **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. 4. **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. 5. **Confirm the Transaction**: Review your transaction details carefully and confirm the transfer. Maya will send a confirmation message once the transfer is successful. 6. **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 small purchase, like a cup of coffee or a short Grab ride across Manila, making it a cost-effective option for managing payments. - **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.Common Problems
- **Verification Issues**: It's not uncommon to face verification challenges. Always ensure your documents are clear and valid. Follow up with customer support if delays occur. - **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.Frequently Asked Questions
How long does it take for a transfer from Maya to Security Bank?
Transfers typically take 1-3 business days. Monitor your transaction status in the Maya app for updates.
What are the fees for transferring money from Maya to Security Bank?
The fees range from PHP 15 to PHP 30, depending on the transaction amount.
Can I transfer money to other banks besides Security Bank?
Yes, you can transfer to other banks such as BDO, BPI, and UnionBank using the same process.
What should I do if my transfer is delayed?
If your transfer is delayed, check for any notifications in the app and contact Maya's customer support for assistance.
Is there a minimum amount for transferring money from Maya to Security Bank?
Yes, the minimum amount you can transfer is PHP 100.
My Recommendation
In my 6 years of freelancing, ensuring smooth financial transactions has been crucial to managing my income. For those in the Philippines, using Maya to transfer funds to Security Bank is a reliable and cost-effective method. The fees are minimal, and the process is straightforward. However, for higher transaction volumes or international payments, I recommend using Payoneer. It offers an excellent platform for receiving international client payments with the added bonus of $25 on your first $1000 received.Start Receiving International Payments
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