bank that waive fees for instapay and pesonet

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 that are extending their waiver of fees for InstaPay and PESOnet transactions.

Last Updated on August 6, 2021:

PESONet

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

Until August 20, 2021

  1. Philippine National Bank

Until September 30, 2021

  1. Country Builders Bank
  2. Equicom Savings Bank (Retail Clients)
  3. Land Bank (Retail Clients)
  4. United Coconut Planters Bank

Until December 31, 2021

  1. Asia United Bank
  2. CIMB Bank Philippines
  3. China Banking Corporation
  4. China Bank Savings
  5. CTBC Bank Philippines
  6. Development Bank of the Philippines (over the counter)
  7. East West Bank
  8. East West Rural Bank
  9. HSBC (Retail clients)
  10. HSBC Savings Bank (Retail clients)
  11. ING Bank, N.V.
  12. Philippine Veterans Bank
  13. Rural Bank of Guinobatan
  14. Union Bank (Retail clients)

InstaPAY

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

Until August 20, 2021

  1. Philippine National Bank

Until September 30, 2021

  1. Camalig Bank
  2. East West Bank
  3. Equicom Savings Bank (Retail Clients)
  4. Land Bank (Retail Clients)
  5. United Coconut Planters Bank
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Until December 31, 2021

  1. Asia United Bank
  2. China Banking Corporation
  3. China Bank Savings
  4. GrabPay
  5. ING Bank, N.V.
  6. RCBC via DiskarTech mobile app
  7. Robinsons Bank- P1.00 for InstaPay transfer for retail clients
  8. Rural Bank of Guinobatan

Source: Bangko Sentral ng Pilipinas

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