#psbank instapay fee

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. BDO Unibank has removed transfer fees for InstaPay and PESONet transactions made through the BDO Online and BDO Pay apps. At the same time, RCBC says it will do free InstaPay transfers but with monthly limits, while GCash and Maya have reduced their interbank transfer fee to Php 10. UnionBank has removed transaction fees for person-to-person fund transfers made through InstaPay, with the new policy taking effect today, July 7, 2026. According to UnionBank, the zero-fee InstaPay service is now part of its list of free digital banking features available through the UnionBank Online app. More banks in the Philippines have been removing InstaPay transfer fees as digital banking services continue to become more competitive. Since then, some banks have chosen to keep charging for InstaPay transactions, while others have removed the fees as part of their digital banking offerings. Read more in our articles including "PSBank waives InstaPay and PESONet fees until June 30" and "BDO waives InstaPay, PESONet transfer fees".