Maya charges ₱10 for an InstaPay transfer to another bank from today, down from ₱15. The cut applies to individual clients and was announced on July 4. Transfers between Maya accounts and transfers over PESONet stay free.
What changed
- Before₱15 per InstaPay transfer to another bank
- Now₱10
- EffectiveJuly 6, 2026
The BSP’s fee summary footnote for Maya Philippines, Inc. reads: “For individual clients, fees lower to P10.00 effective 6 July 2026.” Maya’s own advisory is quoted by GMA News, which reports that the fee “will be reduced to P10 from P15.”
Where the two big wallets stand
| Wallet | InstaPay to banks and other wallets | Effective |
|---|---|---|
| GCash | ₱10 | July 4, 2026 |
| Maya | ₱10 | July 6, 2026 |
Both wallets have lowered the price rather than removed it, so the send fee no longer separates them. Several banks have gone to zero since BSP Circular No. 1238 took effect on July 4.
Our transfer fees page keeps the bank and wallet prices side by side, and GCash fees covers that wallet in detail.