The fastest way to move money between these banks

You can send money from GoTyme to Security Bank using the InstaPay network, which processes transfers in real time during business hours. Both banks are members of InstaPay, so you can move funds between them without waiting for next-day settlement. The transfer typically arrives within minutes on weekdays between 8 a.m. and 5 p.m., though some transfers may take up to an hour depending on network load.

If you need to send money outside business hours or prefer a different method, you can also use PESONet, which is slower but works 24/7 and covers weekends and holidays. PESONet transfers usually arrive the next business day. A third option is to withdraw cash from a GoTyme ATM and deposit it at Security Bank, though this carries the risk of loss or theft and may incur fees at each end.

Key Takeaways

  • InstaPay transfers from GoTyme to Security Bank arrive in minutes during business hours (8 a.m. to 5 p.m. on weekdays) and cost between ₱1 and ₱2.50 per transaction.
  • You need the recipient's Security Bank account number and the bank code for Security Bank (014) to complete an InstaPay transfer.
  • PESONet is available 24/7 and on weekends but takes until the next business day to settle, with fees typically between ₱10 and ₱15.
  • Both networks require you to initiate the transfer through GoTyme's mobile app or online banking; Security Bank does not need to take any action on their end.

How to send money using InstaPay through GoTyme

Open the GoTyme mobile app and log in with your credentials. Tap the "Send Money" or "Transfer" option (the exact label depends on your app version). Select "InstaPay" as the transfer method.

Enter the recipient's Security Bank account number and confirm the bank code is set to 014 (Security Bank's code). Type the recipient's name as it appears on their Security Bank account. Enter the amount you want to send. Review the fee (usually ₱1 to ₱2.50) and confirm the transfer. GoTyme will send you a confirmation message with a reference number; save this in case you need to track the transaction later.

The money should arrive in the recipient's Security Bank account within minutes. If it does not arrive within an hour, contact GoTyme customer service with your reference number and the recipient's account details.

Using PESONet for transfers outside business hours

PESONet works the same way as InstaPay from GoTyme's side, but it processes on a different schedule. Open the GoTyme app, select "Send Money," and choose "PESONet" instead of InstaPay. Enter the recipient's Security Bank account number, their name, and the amount.

PESONet transfers initiated on a weekday before the cutoff time (usually 3 p.m. or 4 p.m., depending on GoTyme's processing window) will arrive the next business day. Transfers sent after the cutoff or on weekends will arrive on the following business day. Fees are typically ₱10 to ₱15 per transaction. You will receive a confirmation message with a reference number.

PESONet is useful when you need to send money outside InstaPay hours or when the recipient prefers a longer settlement window. However, if the money is urgent, InstaPay is the better choice.

What information you need before you start

Gather the recipient's Security Bank account number before you begin. This is a 10-digit number that appears on their debit card or bank statements. You also need their full name as it is registered with Security Bank—if the name does not match exactly, the transfer may be rejected or delayed.

Confirm that the recipient's account is active and in good standing. If they recently opened the account or have had it frozen, the transfer may fail. Ask them to verify their account number and name spelling before you send the money.

You do not need the recipient to do anything on their end. Security Bank will deposit the money automatically once the transfer clears.

Fees and daily transfer limits

InstaPay charges between ₱1 and ₱2.50 per transaction, depending on GoTyme's current fee structure. PESONet charges between ₱10 and ₱15. Both fees are deducted from your GoTyme account at the time of transfer.

GoTyme sets daily transfer limits that vary by account type and verification status. Most accounts can send between ₱50,000 and ₱500,000 per day through InstaPay. If you need to send more than your limit allows, you can split the transfer across multiple days or contact GoTyme to request a limit increase.

Security Bank does not charge a fee to receive money via InstaPay or PESONet, so the full amount you send (minus GoTyme's fee) will arrive in the recipient's account.

What to do if the transfer fails or takes too long

If an InstaPay transfer does not arrive within an hour, check that you entered the account number and bank code correctly. A single wrong digit will cause the transfer to fail and bounce back to your GoTyme account within one to two business days.

Contact GoTyme customer service through the app or by calling their support line. Have your reference number, the recipient's account number, and the transfer amount ready. GoTyme can check whether the transfer was rejected by Security Bank or is still pending in the network.

If the money bounced back, GoTyme will refund it to your account automatically. You can then retry the transfer with the correct information. If the transfer is stuck in the network, GoTyme may be able to escalate it to Security Bank for manual review, though this can take several business days.

Frequently Asked Questions

Can I send money to a Security Bank savings account or only a checking account?

You can send money to any type of Security Bank account—savings, checking, or money market—as long as you have the correct account number. The transfer method does not change based on account type.

What happens if I enter the wrong account number?

If the account number does not exist or belongs to a different bank, the transfer will be rejected and the money will bounce back to your GoTyme account within one to two business days. You will not lose the money, but you will have to wait for the refund and then resend it with the correct details.

Can I cancel a transfer after I send it?

InstaPay transfers cannot be cancelled once they are sent because they settle in real time. If you sent money to the wrong account, you will need to contact the recipient and ask them to return it. PESONet transfers may be cancellable within a short window after sending; contact GoTyme immediately if you need to stop a PESONet transfer.

Is there a limit to how much I can send in one transfer?

GoTyme's daily limit varies by account type, but most accounts can send up to ₱500,000 per day. If you need to send more, you can split it across multiple days or contact GoTyme to request a higher limit based on your account history and verification status.

Do I need the recipient to have a GoTyme account?

No. The recipient only needs a Security Bank account. They do not need GoTyme or any other bank. Once the transfer arrives, the money is theirs to use however they want.