#digital banking

The move allows LandBank and Overseas Filipino Bank clients to send money to other banks for free through the two digital payment services. The bank said the change is part of its effort to make digital banking more affordable and easier to use for more Filipinos. According to LandBank President and Chief Executive Officer Lynette Ortiz, expanding its zero-fee digital services aims to help workers, small business owners, and overseas Filipinos save money on their daily transactions. Ortiz also said the bank remains focused on keeping its digital platforms secure, reliable, and accessible. LandBank is among the banks that have recently announced free interbank fund transfers as more financial institutions continue to expand their digital banking 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. Read more in our articles including "LandBank to remove InstaPay and PESONet transfer fees starting July 7" and "BPI to remove InstaPay, PESONet transfer fees starting July 1".