News: transfer-fees
BSP tally: 48 institutions have waived InstaPay and PESONet fees
48 BSP-supervised institutions had zero InstaPay and PESONet fees as of July 31, 2026; GCash and Maya still charge ₱10.
Netbank ends free InstaPay and charges ₱5 from August 1
Netbank transfers were free until July 31, 2026; the BSP fee table shows ₱5 per InstaPay transaction from August 1.
BSP says Circular 1238 is not an order to make transfers free
The BSP says the circular sets how transfer fees are priced, not a zero fee; GCash and Maya keep their ₱10 InstaPay fee.
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.
More banks drop InstaPay and PESONet fees, July 14 to 22
Twelve mid-size, thrift and rural institutions changed transfer fees from July 14 to July 22, 2026, per the BSP table.