According to the service advisory released by BPI to its customers, it will resume the fund transfer fees to other banks via InstaPay and PESONet and to unenrolled BPI accounts. 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. Current InstaPay fees for individual transactions range from as low as Php8 up to Php75, while PESONet transfers could cost between Php8 and Php600 for consumers. 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 "BPI, other Philippine banks to resume fees for online transfers" and "BSP eyes zero-fee electronic fund transfers, payments to MSMEs".
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May 8, 2026According to the service advisory released by BPI to its customers, it will resume the fund transfer fees to other banks via InstaPay and PESONet and to unenrolled BPI accounts. 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.
Current InstaPay fees for individual transactions range from as low as Php8 up to Php75, while PESONet transfers could cost between Php8 and Php600 for consumers. 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 resume on fund transfer fees includes: "BPI, other Philippine banks to resume fees for online transfers"; "BSP eyes zero-fee electronic fund transfers, payments to MSMEs"; "LinkedIn and Microsoft Word roll out 'Resume Assistant' to help job-seekers find their dream job". Each article provides unique insights and information.