#PESONet 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. The following banks are extending their waiver of fees for PESONet transactions. Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, has announced that it's further extending the waiving of fees for PESONet and InstaPay transactions made via the PSBank Mobile App and PSBank Online until June 30, 2021. That is why we want to ease their worries as much as we can--especially in these challenging times--mainly through extending the waived fees for mobile and online transactions until mid-year,” says Emmanuel Tuazon, PSBank Senior Vice President and Marketing Group Head. Read more in our articles including "Waiver of fees for PESONet and InstaPay" and "BSP updates list of banks with waived PESONet, InstaPay fees".