#InstaPay transaction fee

Bank of the Philippine Islands (BPI) has decreased its InstaPay interbank transfer fee to Php10, but for a limited time only. However, the company noted that the lowered fee does not apply to PESONet transactions. GCash has announced a temporary waiver of transaction fees for overseas Filipino workers (OFWs) in several Middle East countries. Instead of removing the fee upfront, the standard service fee will first be deducted during the transaction. Metrobank has announced a significant reduction in its InstaPay transfer fees, introducing a new flat rate of ₱8 per transaction beginning February 1, 2026. Previously, Metrobank charged ₱25 per InstaPay transfer, although the bank had waived fees for transactions worth ₱1,000 and below over the past year. With the new pricing structure, all InstaPay transfers—regardless of amount—will now carry the ₱8 service fee, simplifying costs for users. The updated fee applies exclusively to transactions made through the new Metrobank App, prompting the bank to advise customers to update their app to the latest version to ensure the revised charges are reflected properly. Read more in our articles including "BPI InstaPay transfer fee down to ₱10" and "GCash waives transaction fees for OFWs in Middle East".