#InstaPay Fund Availability

While the two may seem similar at first glance, they differ widely in transaction fees, fund transfer time, availability, and so much more. Through InstaPay, users can send and receive funds between accounts linked to InstaPay, BSP-supervised banks, and partnered e-money issuers such as Gcash and Coins.ph. InstaPay and PESONet are both great and reliable options for fund transfer, especially when you put them against the long lines of physical banks. However, deciding on which one to use boils down to a few factors including transaction fees, fund reflection, availability, and so on. While it may take longer for funds to reflect and a daily 3:00 PM cut-off must be met, sending large amounts is only possible through this EFT as InstaPay will often hold a limit of PHP 50,000 each day or each transaction. On the other hand, InstaPay is an invaluable option for those that need to transfer or allocate funds in real-time. While you may be restricted to daily fund transfer limits (downwards of PHP 50,000), InstaPay is perfect for small and urgent transactions. Otherwise, InstaPay is your go-to for real-time processing and fund reflection. Read more in our articles including "InstaPay vs PESONet: Which EFT service should you use?" and "BSP speeds up refunds from failed InstaPay, PESONet transactions".