#instapay transfer fee

Bank of the Philippine Islands (BPI) has decreased its InstaPay interbank transfer fee to Php10, but for a limited time only. That’s more than two months during which users can enjoy the lowered transfer fee, down from the original Php25. Customers can still transfer funds from BPI to these e-wallets through the "Cash In" feature for a Php5 cash-in fee. With the promo’s set validity period, it remains to be seen whether the interbank transfer fee will revert to Php25 after May 31, 2025. Ride-hailing super app Grab on Friday said it has pending approval before the Bangko Sentral ng Pilipinas (BSP)  to apply Php 15.00 transfer fee for InstaPay transactions from GrabPay to other banks and e-wallets starting on July 18, 2022. Other banks, e-money issuers, and e-wallets have earlier implemented InstaPay transfer fees after waiving such charges during the height of COVID-19 pandemic. While some banks have waived PESONet and InstaPay fees until December 2022. Metrobank has announced a significant reduction in its InstaPay transfer fees, introducing a new flat rate of ₱8 per transaction beginning February 1, 2026. Read more in our articles including "BPI InstaPay transfer fee down to ₱10" and "GrabPay to charge Php 15 InstaPay transfer fee starting July 18".