PESONet 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. Pros: • Real-time transfers • Receive fund transfers in seconds • Best used for urgent and time-sensitive transactions • Available 24/7 even during weekends and holidays Cons: • PHP 50,000 limit per transaction What is PESONet? In essence, PESONet was created to allow high-volume transfers of Peso funds on a digital scale. Because of the large-scale fund transfer, PESONet adheres to bulk processing at batch intervals with multiple settlements and clearing cycles within the day. As for transaction limits, PESONet allows for unlimited amounts of fund transfer, which makes it best for company payrolls. 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. However, you do have to keep in mind that some partnering banks on the PESONet network might set some fund transfer restrictions. 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".