Business Finance

Instapay and Pesonet Bank Transfer Fees Philippines 2022

Instapay and Pesonet Bank Transfer Fees Philippines 2022 - Life Guide PH

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These days most payment transactions are now done online. Back then, it was a different process and a lengthy one, you need to go to Bank A to get your cash thru over counter or ATM withdrawal and deposit it to Bank B. Now thanks to the advancement of electronic fund transfer services we now have Instapay and Pesonet in just one tap you can transfer your money to another bank account.

Here is the full list of all convenience fees published by Bangko Sentral ng Pilipinas (BSP) for bank transfers for Instapay and Pesonet.

AllBank, Inc.P15
Asia United Bank CorporationP8
Bank of CommerceP15 – P25
Bank of the Philippine Islands (BPI)P0 – P25
BDO Unibank, Inc.P25
BanKo, A Subsidiary of BPIP0 – P25
Card Bank, Inc.P12
Cebuana Lhuillier Rural Bank, Inc.P15
China Bank Savings, Inc. P10
China Banking CorporationP10 – P25
CTBC Bank Philippines Corporation P15
DCPay PhilippinesP10
Dungganon Bank, Inc. P10
East West Banking CorporationP10
East West Rural Bank, Inc.FREE
G-Xchange Inc. (GCash)P15
Land Bank of the PhilippinesP25
Malayan Savings Bank P15
Maybank Philippines, Inc.P10
Metropolitan Bank and Trust Company (Metrobank)P25
Philippine Bank of Communications (PBCOM)P20
Philippine National Bank (PNB) P15 – P20
Philippine Savings Bank (PSB)P15
Rizal Commercial Banking Corporation (RCBC)P8 – P25
Robinsons Bank CorporationP10 – P25
Security Bank CorporationP20 – P25
Standard Chartered BankP25
StarPay Corporation P15
Sterling Bank of AsiaP15
Sun Savings BankP10
Union Bank of the PhilippinesP10 – P30
Wealth Development Bank Corporation P15
Zybi Tech, Inc. P8
AllBank, Inc.P25
Asia United Bank CorporationP8
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 China, Ltd. Manila BranchP30
Bank of CommerceP15 – 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 BPIP0 – P50
Camalig Bank, Inc.P20 – P500
Cathay United Bank Co., Ltd. Manila BranchP200
Cebuana Lhuillier Rural Bank, Inc.P50
China Bank Savings, Inc.P20 – P50
China Banking CorporationP20 – P200
CIMB Bank Philippines, Inc.FREE
Citibank, N.A.P100
Country Builders Bank, Inc.FREE
CTBC Bank (Philippines) CorporationP25
DCPay Philippines, Inc.P0 – P5
Deutsche Bank AGP10 – P2,000
Development Bank of the PhilippinesFREE
Dungganon Bank, Inc.P10
East West Banking CorporationFREE
East West Rural Bank, Inc.FREE
Equicom Savings Bank, Inc, P0 – P15
First Consolidated Bank, Inc.P15 – P550
HSBC Savings Bank, Inc.P0 – P1,500
Industrial Bank of KoreaP200
ING Bank N.V. Manila BranchFREE
Innovative Rural BankP150
JP Morgan Chase Bank, N.A.P0 – P125
KEB Hana Bank – Manila Branch$5 (PHP equivalent)
Land Bank of the PhilippinesP15 – 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 BranchP50
MUFG Bank, Ltd.P250 – P350
Philippine Bank of Communications (PBCOM)P15 – P500
Philippine Business BankFREE
Philippine National Bank (PNB) P20 – P50
Philippine Savings Bank (PSB)P50
Philippine Trust CompanyP50
Philippine Veterans BankP500
Producers Savings Bank CorporationP100 – P500
Rizal Commercial Banking Corporation (RCBC)P10
Robinsons Bank CorporationP20 – P100
Rural Bank of Guinobatan, IncFREE
Security Bank CorporationP15 – P50
Shinhan Bank ManilaP100
Standard Chartered BankP50
Sterling Bank of Asia, Inc.P15 – P30
Sumitomo Mitsui Banking Corporation – Manila BranchP250
Tonik Digital Bank, Inc.FREE
Union Bank of the PhilippinesP0 – P100
Wealth Development Bank CorporationP30 – P100
Yuanta Savings Bank Philippines, Inc.P100
Zybi Tech, Inc.P30

List banks with waived INSTAPAY fees

Until June 30, 2022

  • Equicom Savings Bank (retail clients)

Until July 22, 2022

  • Rural Bank of Guinobatan

Until December 31, 2022

  • ING Bank, N.V.

List banks with waived PESONET fees

Until June 30, 2022

  • Equicom Savings Bank (retail clients)

Until July 22, 2022

  • Rural Bank of Guinobatan

Until December 31, 2022

  • Bank of China
  • CIMB Bank Philippines
  • East West Bank
  • HSBC (retail clients)
  • ING Bank, N.V.
  • Philippine Business Bank, Inc.
  • Tonik Digital Bank, Inc.
  • Union Bank (retail clients)

How to Invest in Yourself

As you live your best life and build your wealth, don’t forget that it is important to invest in yourself. It’s not just about securing your emergency fund, growing your stock portfolio, and building your business. Invest in becoming a better version of yourself. We must also focus on ourselves to help us be better in all ways.

Here are some things we thought can help you to make your life better:

Invest in Yourself - Life Guide PH

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How to Invest in Yourself

Mattress and pillow

As we need 8 hours of sleep to be functional as adults and sleep is something we can’t skimp on. I promise, it can help you improve your sleep and you will feel more rested on your daily good night’s rest.


Good and reliable shoes are something that you need that can take you to places and can be usable for a good amount of time. Don’t sacrifice your comfort just because you can save a little bit yet it won’t last that long.


During this time, vitamins is a must to protect and keep you healthy. Our bodies are not getting younger anymore and taking vitamins should be part of your daily routine.


Do something to keep you sane. It could be your childhood hobby of reading comics or finishing off the list of the Greatest Films of All Time. Do it if it can make you happy. Well, happiness makes you more productive and feel better.


You can try doing a boot camp, online courses, online volunteer or community, or learning a new language.

The best investment you will ever make is in yourself. You’ll thank yourself later.


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