List of Banks With Free PESONet and InstaPay Fees: An updated list of banks that have their PESONet and InstaPay fees waived has been made available by the Central Bank of the Philippines (BSP).

When you conduct business with certain banks using the PESONet and InstaPay services, certain institutions have extended the duration of the costs that are waived. You are welcome to consult the list that follows.

• BSP Seeks a Cap on Digital Transfer Fees

Until April 30, 2022

• Country Builders Bank

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
• DBP (over the counter)
• East West Bank
• HSBC (retail clients)
• HSBC Savings Bank (retail clients)
• ING Bank, N.V
• Philippine Business Bank, Inc.
• Tonik Digital Bank, Inc.
• Union Bank (retail clients)

• InstaPay transfers are now FREE at Tonik Digital Bank

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.

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