The invention discloses a PET transfer basement film and a preparation method thereof. The PET transfer basement film comprises a core layer and surface layers, wherein the core layer is positioned in the middle of the PET transfer basement film; the surface layers are arranged on the two surfaces of the core layer; the surface layers and the core layers are integrally formed by co-extrusion and bidirectional stretching; the core layer is a PET layer; and each surface layer is a PET layer mixed with an anti-blocking agent. The preparation method comprises the following steps: polyester synthesizing, blending, co-extruding, die head casting, longitudinal stretching, transverse stretching, traction and edge cutting, rolling, slitting and finished product obtaining. The thickness is 12-20 mu m, the breadth is 8,700 mm, the heat resistance temperature exceeds 120 DEG C, the tensile strength is greater than or equal to 220 MPa, the heat shrinkage rate is less than or equal to 3.5%, and the friction coefficient of the surface of the basement film is less than or equal to 0.55. Compared with the conventional transfer basement film, the PET transfer basement film has excellent shrinkage preventing property. The transfer basement film has excellent heat stability and high tensile strength, and can meet requirements of clients. Transfer films which do not deform at high temperature, are complete in transfer and full and clear in image-texts are produced.