Several banks extended free transfers until December 2021 via the Bangko Sentral ng Pilipinas' InstaPay and PesoNet facilities.
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.
Here are the banks with waived InstaPay and PesoNet fees:
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