News · July 23, 2026 · Updated October 2, 2026

DBP waives InstaPay fees from August 15

InstaPay on DBP OnE costs ₱10 until August 14, 2026 and is free from August 15, per the bank's July 23 advisory.

InstaPay transfers through DBP OnE are free from today, August 15, 2026. The Development Bank of the Philippines (DBP) announced the waiver in an advisory dated July 23, 2026, headed “DBP Waives InstaPay Transfer Fee starting August 15, 2026”, and the same effective date appears in the DBP footnote of the Bangko Sentral ng Pilipinas (BSP) fee table.

What changed

Before₱10 per InstaPay transfer

NowFree

EffectiveAugust 15, 2026

DBP said the waiver supports the Department of Finance “in providing more accessible and affordable digital payments”, as quoted by Bilyonaryo on July 23, 2026.

The advisory covers InstaPay. What DBP charges for PESONet is not stated in it, and the BSP footnote for the bank mentions InstaPay only.

LandBank, the other large state bank, made both rails free on July 7, 2026, and its waiver extends to Overseas Filipino Bank (OFBank) clients worldwide.

Fees by institution: transfer fees.

Questions

Is DBP InstaPay free?

Yes. InstaPay transfers through DBP OnE are free from August 15, 2026, down from ₱10 per transfer.

When did DBP announce the InstaPay fee waiver?

In an advisory dated July 23, 2026, headed “DBP Waives InstaPay Transfer Fee starting August 15, 2026”.

Is DBP PESONet free too?

The advisory covers InstaPay only and does not state a PESONet fee; the BSP footnote for DBP also mentions InstaPay only.

Sources

DBP advisory, July 23, 2026: https://www.dbp.ph/advisory/dbp-waives-instapay-transfer-fee-starting-august-15-2026/
BSP, Summary of Transfer Fees via Digital Channels, footnote on DBP: https://www.bsp.gov.ph/PaymentAndSettlement/Fees.pdf
Bilyonaryo, July 23, 2026: https://bilyonaryo.com/2026/07/23/no-more-instapay-fees-dbp-makes-transfers-free-from-aug-15/money/
LandBank press release on PIA, July 2026: https://pia.gov.ph/press-release/landbank-waives-instapay-and-pesonet-transfer-fees-starting-july-7/

zpeso Desk

The zpeso Desk is the byline of the site's editorial team. It covers how money moves in the Philippines: InstaPay and PESONet, bank and e-wallet fees, bank codes and money sent from abroad. Every figure it publishes links to the official page it came from and carries the date it was checked; see the methodology and the corrections page.

Questions

Sources

zpeso Desk

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