LandBank cuts online fund transfer fee to Php 15

Q: Key Point 2: According to LandBank, the move was made with the goal...

According to LandBank, the move was made with the goal of advancing financial inclusion and will be effective for transfers via InstaPay effective June 15, 2023.

Land Bank of the Philippines (LandBank) has just cut their online bank transfer fee via InstaPay from Php 25 to Php 15.

According to LandBank, the move was made with the goal of advancing financial inclusion and will be effective for transfers via InstaPay effective June 15, 2023. This will be regardless of the amount in the transaction.

will benefit from the convenience and efficiency of our products. This is part of our commitment to provide accessible and affordable digital banking solutions, and to help expand financial inclusion,” said LANDBANK President and CEO Lynette V. Ortiz.

In addition, LandBank says that the lowering of the fee is in line with their full support of the National Government’s financial inclusion agenda, meeting the evolving needs of customers, and its expanded mandate of serving the nation.

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Luis Miguel Millares

Luis Millares is a Political Science graduate of the Ateneo de Manila University and a former journalist for its official student publication, The GUIDON. He also worked as a writer for the Department of Interior and Local Government (DILG) before pursuing his passion for tech with the YugaTech team.

https://www.yugatech.com/

One Comment

Justine says:

3 years ago

🌱 Noobs🏆1

This is good move from LBP.

China Bank, BDO*, EastWest, and UnionBank is charging 10 pesos for InstaPay transfers.

* – Discounted 10 pesos InstaPay transfer fee is only valid on BDO Pay mobile app, 25 pesos regular fee applies to Web Retail Internet Banking and BDO Online mobile app.
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