#InstaPay waived fees

Bangko Sentral ng Pilipinas (BSP) has listed the banks with an extended waiver of fees for PESONet and InstaPay. Banks to waive fees for PESONet and InstaPay until December 31, 2020: • UnionBank • Asia United Bank • Land Bank of the Philippines • Development Bank of the Philippines • Security Bank • Sterling Bank • Standard Chartered Bank • East West Banking Corporation • United Coconut Planters Bank • Maybank Philippines Inc. • HSBC (waived for retail, corporate accounts reduced from PHP 150 to PHP 50) Banks to waive fees for PESONet and InstaPay until September 30, 2020: • BDO • Metrobank • Bank of the Philippine Islands • RCBC • China Bank • PNB (until further notice) • Bank of Commerce • Robinsons Bank • PS Bank • Paymaya • G-XChange Inc. Bangko Sentral ng Pilipinas (BSP) has recently shared the updated list of banks with waived PESONet and InstaPay fees as of March 31, 2021. • Union Bank (Retail clients) The following banks are extending their waiver of fees for InstaPAY transactions. Bank Transfers For transferring funds to other bank accounts and e-wallets via Electronic Fund Transfer services such as InstaPay and PESOnet, both have waived their fees as the country continues to fight with the coronavirus pandemic. Read more in our articles including "Waiver of fees for PESONet and InstaPay" and "BSP updates list of banks with waived PESONet, InstaPay fees".