#cash-in transfers

The app will default to InstaPay for linked cash-ins where available. That means faster transfers but possibly added fees depending on the partner bank or e-wallet. Some options, like ShopeePay, will still offer free transfers. For non-InstaPay transfers, expect a Php15 fee per transaction. Despite the drop, users still get up to 15 free transfers and three free cash-ins each week, plus interest that accrues daily. According to the BSP, the decision follows the implementation of zero fees for small merchant payments and the establishment of a pricing framework for person-to-person electronic fund transfers. Read more in our articles including "SeaBank shifts to InstaPay as default for linked cash-ins, P15 fee applies to non-InstaPay transfers" and "GCash introduces its new MasterCard with EMV".