Land Bank of the Philippines (LandBank) has just cut their online bank transfer fee via InstaPay from Php 25 to Php 15. According to LandBank, the move was made with the goal of advancing financial inclusion and will be effective for transfers via InstaPay effective June 15, 2023. Now, in a new draft circular, the BSP is seeking feedback from stakeholders on a plan to make person-to-person electronic fund transfers and micro-merchant payments entirely free of charge. While the central bank yet to specify the exact maximum amounts, it has indicated that personal fund transfers should not exceed 10 times a week. Read more in our articles including "LandBank cuts online fund transfer fee to Php 15" and "Metrobank cuts InstaPay transfer fee to ₱8 flat starting February 1".
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Apr 15, 2026Land Bank of the Philippines (LandBank) has just cut their online bank transfer fee via InstaPay from Php 25 to Php 15. According to LandBank, the move was made with the goal of advancing financial inclusion and will be effective for transfers via InstaPay effective June 15, 2023.
Now, in a new draft circular, the BSP is seeking feedback from stakeholders on a plan to make person-to-person electronic fund transfers and micro-merchant payments entirely free of charge. While the central bank yet to specify the exact maximum amounts, it has indicated that personal fund transfers should not exceed 10 times a week.
Our coverage of LandBank cut fund transfer includes: "LandBank cuts online fund transfer fee to Php 15"; "Metrobank cuts InstaPay transfer fee to ₱8 flat starting February 1"; "BSP eyes zero-fee electronic fund transfers, payments to MSMEs". Each article provides unique insights and information.