#UnionBank InstaPay

UnionBank has removed transaction fees for person-to-person fund transfers made through InstaPay, with the new policy taking effect today, July 7, 2026. The bank announced the update through an official advisory, making InstaPay transfers free for its customers. With this change, UnionBank joins other commercial banks in the Philippines that have also removed fees for real-time digital fund transfers. 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. Customers can already use several services without additional charges, including PESONet transfers, transfers between UnionBank accounts, utility bill payments, mobile load purchases, and QRPh payments at participating stores. InstaPay is a payment network that allows users to send money between different banks and e-wallets in real time. 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 "UnionBank removes InstaPay transfer fees" and "You may now deposit to your UnionBank account at 7-Eleven branches".