#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. Metrobank has announced a significant reduction in its InstaPay transfer fees, introducing a new flat rate of ₱8 per transaction beginning February 1, 2026. Previously, Metrobank charged ₱25 per InstaPay transfer, although the bank had waived fees for transactions worth ₱1,000 and below over the past year. With the new pricing structure, all InstaPay transfers—regardless of amount—will now carry the ₱8 service fee, simplifying costs for users. As of yesterday, the Bank of the Philippines Islands (BPI) is making the PHP 10 InstaPay transfer fee permanent. She said that “The response to our reduction of the InstaPay fee last March was very positive. What do you guys think of the BPI PHP 10 InstaPay fee? Read more in our articles including "PSBank waives InstaPay and PESONet fees until June 30" and "Metrobank cuts InstaPay transfer fee to ₱8 flat starting February 1".