Several banks waived transfer fees using the InstaPay and PESONet facilities until December 2021, according to the Bangko Sentral ng Pilipinas.
InstaPay transfers are credited immediately and cover transaction amounts no more than P50,000 while PESONet transfers are for transaction amounts higher than P50,000 and require a couple of days for processing time depending on the bank.
These banks waived InstaPay and PESONet fees:
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