Bangko Sentral ng Pilipinas (BSP) announced the updated list of banks and e-money with waived PESONet and Instapay Fees as of January 20, 2022.
This service is very helpful for many Filipinos when they transfer money to other banks or other e-wallets for free. Please take note that based on the announcement, the PESONet and Instapay free service fee is on limited time offer only.
Here is the list of banks and e-money issuers with waived PESONet and InstaPay fees.
PESONet
| BANK | VALIDITY |
| 1.) Rural Bank of Guinobatan | February 14, 2022 |
| 2.) Asia United Bank | February 28, 2022 |
| 3.) Country Builders Bank | |
| 4.) DBP (over the counter) | March 31, 2022 |
| 5.) Bank of China | December 31, 2022 |
| 6.) CIMB Bank of the Philippines | |
| 7.) CTBC Bank Philippines | |
| 8.) East West Bank | |
| 9.) East West Rural Bank | |
| 10.) HSBC (retail clients) | |
| 11.) HSBC Savings Bank (retail clients) | |
| 12.) ING Bank, N.V. | |
| 13.) Union Bank (retail clients) |
InstaPay
| BANK | VALIDITY |
| 1.) Rural Bank of Guinobatan | February 14, 2022 |
| 2.) Asia United Bank | February 28, 2022 |
| 3.) GrabPay | March 31, 2022 |
| 4.) East West Rural Bank | December 31, 2022 |
| 5.) ING Bank, N.V. |
For more details please visit BSP FB page.
Photo courtesy of PNA.
