#bank transfer without fee philippines

Not only does one have to deal with banks' different policies, but one also has to deal with the exorbitant transfer fees. Several digital wallets in the Philippines now have the feature to do bank transfers, letting individuals transfer their money with ease and without fees. On GCash, customers can transfer to over 30 banks without any fees. Dragonpay fund transfers have a service fee, depending on the bank, while transfers through PESONet have no charge. ING uses PESONet and InstaPay to transfer funds from its app to other banks without fees. Metrobank has announced a significant reduction in its InstaPay transfer fees, introducing a new flat rate of ₱8 per transaction beginning February 1, 2026. Previously, Metrobank charged ₱25 per InstaPay transfer, although the bank had waived fees for transactions worth ₱1,000 and below over the past year. Read more in our articles including "Here's how to transfer funds from one bank to another without fees" and "Metrobank cuts InstaPay transfer fee to ₱8 flat starting February 1".