Follow us for updates
© 2022
Read the Story →

These Banks Waived InstaPay, PESONet Fees Until December 2022

Relief during the pandemic.
by Arianne Merez
Jan 24, 2022
Photo/s: Jerome Ascaño

Several banks are waiving fees for transfers made through their PESONet and InstaPay platforms until December 2022, the Bangko Sentral ng Pilipinas said Monday.

The development came after a senator called on banks to make online money transfers free of charge during the COVID surge to help ease the financial burden on the public.

InstaPay transactions are credited immediately and cover amounts of up to P50,000 daily while PESONet transfers are for transaction amounts higher than P50,000. PESONet will require several days to reflect on accounts, as processing depends per bank.

READ: Online Bank Transfers Must Be Free During COVID Surge: Senator

Here are banks waiving InstaPay and PESONet fees this 2022:

Free InstaPay and PESONet 2022
Bangko Sentral ng Pilipinas


GUIDE: Banks That Allow You to Open a Savings Account Online

Adulting 101: What is the Pag-IBIG MP2 Savings?

Recommended Videos

Reportr is now on Quento. Download the app or visit the Quento website for more articles and videos from Reportr and your favorite websites.

Latest Headlines
Read Next
Recent News
With the reopening of several local destinations, this app has never been more timely.
It could hit Isabela, Cagayan, Northern Aurora area.
Philippine president also meets with UK, Japan leaders.
The news. So what? Subscribe to the newsletter that explains what the news means for you.
The email address you entered is invalid.
Thank you for signing up to On Three, reportr's weekly newsletter delivered to your mailbox three times a week. Only the latest, most useful and most insightful reads.
By signing up to newsletter, you agree to our Terms of Service and Privacy Policy.