PNB and Security Bank stop charging individual clients for InstaPay and PESONet transfers today. PNB’s waiver runs through PNB Digital and is tied to the bank’s 110th anniversary. Security Bank extends free fund transfers to all customers, where they had been limited to Gold, Wealth, Corporate and Business Banking clients. Three non-bank players move the same day: Maribank goes free, ShopeePay makes InstaPay free for individuals, and GrabPay lowers its InstaPay fee to ₱10. RCBC’s PESONet fee for individual clients also becomes free today.
What changed
- BeforeAt Security Bank, free transfers for Gold, Wealth, Corporate and Business Banking clients only; regular individuals paid ₱10 on InstaPay and ₱10 on PESONet
- NowFree for all Security Bank customers
- EffectiveJuly 10, 2026
| Institution | From July 10, 2026 | Scope |
|---|---|---|
| PNB | Free | InstaPay and PESONet via PNB Digital |
| Security Bank | Free | All customers; individual accounts transacting via DigiBanker |
| Maribank | Free | Fees free per the BSP summary; formerly SeaBank |
| ShopeePay | Free | InstaPay, individual clients |
| GrabPay | ₱10 | InstaPay, operated by Gpay Network |
The dates come from the BSP’s fee summary footnotes for each institution. PNB’s step was reported by GMA News, Security Bank’s by GMA News, and the earlier ₱10 prices paid by Security Bank’s regular individual clients by BusinessWorld.
Since BSP Circular No. 1238 took effect on July 4, the BSP’s table now lists free InstaPay and PESONet for individual clients at BDO, BPI, Metrobank, LandBank, UnionBank, China Bank, PNB and Security Bank, among others.
Our transfer fees page keeps the whole list in one table, with PESONet on the batch rail.