#bank transfer

The Bank of the Philippine Islands (BPI) "load e-wallet" feature on its mobile banking app will no longer be available for GCash and Maya effectively on Thursday, February 13, 2025. As announced today, they have clarified that you can still send/transfer funds/money through the "Transfer to other banks" feature via Instapay with a service charge amounting to PHP25 for GCash and Maya. The Anti-Money Laundering Council (AMLC) said that it will investigate bank and electronic money (e-money) accounts that will have unusual transactions ahead of the May 2022 national elections. “As a financial intelligence unit, ang mandato po ay (the mandate is) to preserve integrity of the bank accounts and to ensure na ang Pilipinas po ay hindi ginagamit (that the Philippines is not being used) to launder proceeds of unlawful activities. 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. With the new pricing structure, all InstaPay transfers—regardless of amount—will now carry the ₱8 service fee, simplifying costs for users. The updated fee applies exclusively to transactions made through the new Metrobank App, prompting the bank to advise customers to update their app to the latest version to ensure the revised charges are reflected properly. Read more in our articles including "BPI halts "Load E-Wallet" feature service for GCash, Maya" and "AMLC to probe bank, e-money accounts with unusual election-related transactions".