Updated List: Banks that waive fees for InstaPay & PESONet

Online transactions have been very helpful during this time of the pandemic. It’s not only fast, easy, and hassle-free but also keeps us safe and protected by staying at home and avoiding crowded places. It is also good that some banks have been so generous and understanding of the current crisis we are facing that they waive fees for Instapay and PESOnet transactions.

Check out if one of your banks is included in the list.

Banks that waive fees for Instapay and PESOnet

The Bangko Sentral ng Pilipinas releases the updated list of banks and e-money issuers that are extending their waiver of fees for InstaPay and PESOnet transactions.

Last Updated on December 17, 2021:

PESONet

The following banks are extending their waiver of fees for PESONet transactions.

Until December 31, 2021

1. Asia United Bank
2. Bank of Finance
3. CIMB Bank Philippines
4. China Banking Corporation
5. China Bank Savings
6. Country Builders Bank
7. CTBC Bank Philippines
8. Development Bank of the Philippines (over the counter)
9. East West Bank
10. East West Rural Bank
11. Equicom Savings Bank (Retail Clients)
12. HSBC (Retail clients)
13. HSBC Savings Bank (Retail clients)
14. ING Bank, N.V.
15. Malayan Savings Bank
16. Philippine Business Bank
17. Philippine Trust Company
18. Philippine Veterans Bank
19. Rural Bank of Guinobatan
20. Union Bank (Retail clients)

InstaPAY

The following banks are extending their waiver of fees for InstaPAY transactions.

Until December 31, 2021

1. Asia United Bank
2. Camalig Bank
3. China Banking Corporation
4. China Bank Savings
5. East West Rural Bank
6. Equicom Savings Bank (retail clients)
7. ING Bank, N.V.
8. Malayan Savings Bank
9. RCBC via DiskarTech mobile app
10. Robinsons Bank- P1.00 for InstaPay transfer for retail clients
11. Rural Bank of Guinobatan

Until March 31, 2022

1. GrabPay

Source: Bangko Sentral ng Pilipinas

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