#zero transfer fee

UnionBank has removed transaction fees for person-to-person fund transfers made through InstaPay, with the new policy taking effect today, July 7, 2026. 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. More banks in the Philippines have been removing InstaPay transfer fees as digital banking services continue to become more competitive. 1238, allowing banks to set their own transfer fees. The Land Bank of the Philippines (LandBank) will stop charging fees for InstaPay and PESONet transfers starting July 7, 2026. According to LandBank President and Chief Executive Officer Lynette Ortiz, expanding its zero-fee digital services aims to help workers, small business owners, and overseas Filipinos save money on their daily transactions. She added that removing transfer fees will allow clients to stay connected with their families and businesses without paying extra charges for online transactions. Read more in our articles including "UnionBank removes InstaPay transfer fees" and "LandBank to remove InstaPay and PESONet transfer fees starting July 7".