Four more banks stop charging individual clients for interbank transfers today. BDO, Metrobank, PSBank and China Bank all send money over InstaPay and PESONet free of charge from July 9, 2026. With BDO and Metrobank joining BPI, which waived its fees on July 1, the country’s three largest banks now charge individual clients nothing on either rail.
What changed
- BeforeBDO ₱10 on InstaPay and ₱50 on PESONet; Metrobank ₱8 on InstaPay, in place since February 1, 2026 when it was cut from ₱25, and ₱50 on PESONet
- NowFree on both rails for individual clients at all four banks
- EffectiveJuly 9, 2026
| Bank | InstaPay before | PESONet before | Now |
|---|---|---|---|
| BDO | ₱10 | ₱50 | Free on BDO Online and BDO Pay |
| Metrobank | ₱8 since February 1, 2026, from ₱25 | ₱50 | Free |
| PSBank | Free | ||
| China Bank | A ₱5 promo ran to June 30, 2026 | Free via the My CBC app and My CBC Online |
Metrobank says of its app that “all transfers are now free,” and keeps its limits: InstaPay up to ₱50,000 per transaction and ₱100,000 a day, PESONet up to ₱200,000 a day. China Bank says fund transfers via My CBC are free of charge to other banks on both rails. BDO’s waiver is reported by GMA News, with its earlier ₱10 and ₱50 prices from BusinessWorld; the BSP footnotes carry the July 9 date for all four banks.
Our transfer fees page lists the current price at each bank and wallet, and PESONet covers the batch rail’s cut-offs.
