#free bank transfer

The Land Bank of the Philippines (LandBank) will stop charging fees for InstaPay and PESONet transfers starting July 7, 2026. The move allows LandBank and Overseas Filipino Bank clients to send money to other banks for free through the two digital payment services. The free transfer service covers transactions made through InstaPay and PESONet, which are widely used for sending funds between different banks in the country. LandBank is among the banks that have recently announced free interbank fund transfers as more financial institutions continue to expand their digital banking services. UnionBank has removed transaction fees for person-to-person fund transfers made through InstaPay, with the new policy taking effect today, July 7, 2026. The bank announced the update through an official advisory, making InstaPay transfers free for its customers. With this change, UnionBank joins other commercial banks in the Philippines that have also removed fees for real-time digital fund transfers. According to UnionBank, the zero-fee InstaPay service is now part of its list of free digital banking features available through the UnionBank Online app. Read more in our articles including "LandBank to remove InstaPay and PESONet transfer fees starting July 7" and "UnionBank removes InstaPay transfer fees".