#BSP digital banking

Starting February 1, 2026, the digital bank permanently disabled deposits via linked bank accounts “in accordance with PPMI and BSP regulations,” effectively killing a feature that allowed direct, in‑app cash‑ins from local banks such as BPI. On the other hand, the same rules are designed to make digital banking more predictable. The BSP said the new framework supports its broader goal of promoting digital payments, financial inclusion, and innovation while ensuring adequate consumer protection and regulatory oversight. The BSP said the updated rules aim to create a more sustainable pricing environment for digital payments while ensuring consumers continue to have access to fast, secure, convenient, and affordable electronic fund transfer services. Bank of the Philippine Islands (BPI) will permanently remove transfer fees for InstaPay and PESONet transactions made through its digital banking platforms starting July 1. The move aims to make online banking more affordable and encourage more customers to use digital payment services. According to a report by InsiderPH, the free fund transfers will be available through the BPI mobile app, BPI Online web platform, VYBE e-wallet, and BizKo, the bank's digital banking app for small businesses. 1 and marks one of the bank's latest efforts to encourage more Filipinos to use digital banking for everyday transactions. Read more in our articles including "How new BSP rules are reshaping digital banking in the Philippines" and "Banks, e-wallets face new BSP rules on digital payment fees".