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Are you tired of paying outrageous bank transfer fees every time you need to send money to your loved ones or business partners in the Philippines? Well, you’re not alone!
For years, Filipinos have been plagued by exorbitant fees, making it difficult to send money without breaking the bank. But, we have some great news for you!
In 2023, Instapay and Pesonet Bank Transfer Fees in the Philippines have undergone some significant changes, and we’re here to tell you all about it. Whether you’re a student, an overseas Filipino worker, or a business owner, you deserve to know how to save money on bank transfer fees.
So, sit tight and get ready to learn everything you need to know about the latest updates on Instapay and Pesonet Bank Transfer Fees in the Philippines as of March 2023 published by Bangko Sentral ng Pilipinas (BSP)
| INSTAPAY | FEES |
| AllBank, Inc. | P15 |
| Asia United Bank Corporation | P8 |
| Bank of Commerce | P15 – P25 |
| Bank of the Philippine Islands (BPI) | P0 – P25 |
| BDO Unibank, Inc. | P25 |
| BanKo, A Subsidiary of BPI | P0 – P25 |
| Card Bank, Inc. | P12 |
| Cebuana Lhuillier Rural Bank, Inc. | P15 |
| China Bank Savings, Inc. | P10 |
| China Banking Corporation | P10 – P25 |
| CTBC Bank Philippines Corporation | P15 |
| DCPay Philippines | P10 |
| Dungganon Bank, Inc. | P10 |
| G-Xchange Inc. (GCash) | P15 |
| Land Bank of the Philippines | P25 |
| Malayan Savings Bank | P50 |
| Maybank Philippines, Inc. | P30 |
| Metropolitan Bank and Trust Company (Metrobank) | P50 |
| Philippine Bank of Communications (PBCOM) | P15 – P500 |
| Philippine National Bank (PNB) | P20 – P50 |
| Philippine Savings Bank (PSB) | P50 |
| Rizal Commercial Banking Corporation (RCBC) | P10 |
| Robinsons Bank Corporation | P20 – P100 |
| Security Bank Corporation | P15 – P50 |
| Standard Chartered Bank | P50 |
| Sterling Bank of Asia | P15 – P30 |
| Union Bank of the Philippines | P10 – P100 |
| Wealth Development Bank Corporation | P30 – P100 |
| Zybi Tech, Inc. | P30 |
| PESONET | FEES |
| AllBank, Inc. | P25 |
| Asia United Bank Corporation | P8 |
| Australia and New Zealand Banking Group, Ltd. | P0 – P400 |
| Bangkok Bank Public Co. Ltd. | P150 – P250 |
| Bank of America, N.A. | P20 – P2,100 |
| Bank of Commerce | P15 – P25 |
| Bank of Florida, Inc. | P50 |
| Bank of Makati, Inc. | P50 – P300 |
| Bank of the Philippine Islands (BPI) | P0 – P50 |
| BDO Unibank, Inc. | P0 – P50 |
| BDO Network Bank, Inc. | P100 – P500 |
| BanKo, A Subsidiary of BPI | P0 – P50 |
| Camalig Bank, Inc. | P20 – P500 |
| Cathay United Bank Co., Ltd. Manila Branch | P200 |
| Cebuana Lhuillier Rural Bank, Inc. | P50 |
| China Bank Savings, Inc. | P20 – P50 |
| China Banking Corporation | P20 – P200 |
| CIMB Bank Philippines | FREE |
| Citibank, N.A. | P100 |
| CTBC Bank (Philippines) Corporation | P25 |
| DCPay Philippines, Inc. | P0 – P5 |
| Deutsche Bank AG | P10 – P2,000 |
| Dungganon Bank, Inc. | P10 |
| East West Rural Bank, Inc. | FREE |
| Equicom Savings Bank, Inc, | P15 |
| First Consolidated Bank, Inc. | P15 – P550 |
| HSBC (retail clients) | FREE |
| Industrial Bank of Korea | P200 |
| Innovative Rural Bank | P150 |
| JP Morgan Chase Bank, N.A. | P0 – P125 |
| KEB Hana Bank – Manila Branch | $5 (PHP equivalent) |
| Land Bank of the Philippines | P15 – P150 |
| Malayan Savings Bank, Inc. | P50 |
| Maybank Philippines, Inc. | P30 |
| Mega International Commercial Bank Co., Ltd. | $10 (PHP equivalent) |
| Metropolitan Bank and Trust Company (Metrobank) | P50 |
| Mizuho Bank, Ltd. – Manila Branch | P50 |
| MUFG Bank, Ltd. | P250 – P350 |
| Philippine Bank of Communications (PBCOM) | P15 – P500 |
| Philippine Business Bank, Inc. | FREE |
| Philippine National Bank (PNB) | P20 – P50 |
| Philippine Savings Bank (PSB) | P50 |
| Philippine Trust Company | P50 |
| Philippine Veterans Bank | P500 |
| Producers Savings Bank Corporation | P100 – P500 |
| Rizal Commercial Banking Corporation (RCBC) | P10 |
| Robinsons Bank Corporation | P20 – P100 |
| Security Bank Corporation | P15 – P50 |
| Shinhan Bank Manila | P100 |
| Standard Chartered Bank | P50 |
| Sterling Bank of Asia, Inc. | P15 – P30 |
| Sumitomo Mitsui Banking Corporation – Manila Branch | P250 |
| Tonik Digital Bank | FREE |
| Union Bank of the Philippines (retail clients) | FREE |
| Wealth Development Bank Corporation | P30 – P100 |
| Yuanta Savings Bank Philippines, Inc. | P100 |
| Zybi Tech, Inc. | P30 |
So, there you have it! Now that you’re armed with the latest information on Instapay and Pesonet Bank Transfer Fees in the Philippines for 2023, you can save some serious moolah! You can now do it with ease and without breaking the bank! So, get ready to say goodbye to those pesky fees and hello to faster, cheaper, and more convenient bank transfers. It’s time to celebrate! So, go ahead and treat yourself to a cup of coffee or a bowl of halo-halo – you deserve it! And don’t forget to spread the word to your fellow Filipinos so they can enjoy these awesome updates too. Until next time, happy banking, and keep saving!
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2 replies on “Instapay and Pesonet Bank Transfer Fees Philippines 2023”
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