GoTyme Bank now offers 20 free InstaPay transfers per month

In a Facebook reel, GoTyme Bank has announced that they now offer 20 free InstaPay transfers per month. The transfers are credited at the start of every month, with succeeding transfers costing PHP 9 each.

‘With a firm understanding of how Filipinos use and move their money across various banks and e-wallets, GoTyme Bank now offers 20 free InstaPay transfers per month to all customers,’ GoTyme said.

Notably, these can also be paid for using GoRewards points. The update aims to move beyond the standard PHP 15 to PHP 25 transfer fees.

For reference, this is the typical price range charged by e-wallets and traditional banks. GoTyme bank also said that the new pricing structure is meant to make transferring cash more accessible.

This should benefit users who regularly send funds to other banks and e-wallets. In addition, PesoNet transfers remain free of charge for GoTyme Bank customers.

The removal of the transfer fees should be effective today. Let us know in the comment section if it’s working or otherwise!