News: fees
PNB and Security Bank waive InstaPay and PESONet fees
PNB and Security Bank waived InstaPay and PESONet fees on July 10, 2026; Maribank and ShopeePay also went free.
BDO, Metrobank, PSBank and China Bank make transfers free
BDO, Metrobank, PSBank and China Bank made InstaPay and PESONet transfers free for individual clients on July 9, 2026.
BSP asks GCash, Maya and others to explain their fees
On July 8, 2026 the BSP asked GCash, Maya and others to explain their fee structures, without penalties yet.
LandBank and UnionBank waive transfer fees; PBCom cuts to ₱10
LandBank and UnionBank waived InstaPay fees on July 7, 2026, LandBank also PESONet; PBCom cut its InstaPay fee to ₱10.
Maya cuts its InstaPay fee to ₱10
Maya cut its InstaPay fee to ₱10 from ₱15 on July 6, 2026, matching GCash; Maya-to-Maya and PESONet stay free.
RCBC makes InstaPay free, with a monthly quota on Pulz
RCBC made InstaPay free from July 4, 2026, with a 30-transfer monthly quota on Pulz; PESONet goes free on July 10.
GCash cuts its InstaPay fee to ₱10
GCash cut its InstaPay fee to ₱10 from ₱15 on July 4, 2026, keeping the ₱50,000 cap and free GCash-to-GCash sending.
BPI makes InstaPay and PESONet transfers free
BPI made InstaPay and PESONet free on its app, BPI Online, VYBE, BanKo and BizKo on July 1, 2026, replacing ₱10 and ₱50.
BSP Circular 1238 takes effect, tying off-us fees to on-us
From July 4, 2026, Circular 1238 bars charging materially more for off-us transfers than on-us ones plus switch cost.