InstaPay and PESONet transfer fees: every bank and e-wallet (2026)

What each Philippine bank and e-wallet charges individuals for InstaPay and PESONet transfers.

Short answer Since July 2026, InstaPay and PESONet transfers are free for individual clients at most large Philippine banks, including BDO, BPI, Metrobank, LandBank, PNB, Security Bank, UnionBank, RCBC, China Bank, EastWest, PSBank and AUB. GCash and the Maya wallet still charge ₱10 per InstaPay transfer, and neither sends PESONet for individuals. The table below follows the BSP’s own fee summary.

At a glance

• InstaPay fee, individual clients at most big banksFreeBSP ↗ · checked 2026-09-30
• PESONet fee, individual clients at most big banksFreeBSP ↗ · checked 2026-09-30
• GCash InstaPay fee₱10, effective July 4, 2026BSP ↗ · checked 2026-09-30
• InstaPay cap₱50,000 per transactionBSP ↗ · checked 2026-09-30
• Institutions with zero PESONet fees on the BSP list39, as of July 24, 2026BSP Payments Bulletin ↗ · checked 2026-09-27
• Institutions with zero InstaPay fees on the BSP list27, as of July 24, 2026BSP Payments Bulletin ↗ · checked 2026-09-27
• Rule behind the changeBSP Circular No. 1238, compliance date July 4, 2026BusinessWorld ↗ · checked 2026-09-27

What changed

• Beforeindividual clients paid a per-transfer charge for InstaPay and PESONet at most banks, and a BSP moratorium kept those fees from moving.
• Nowboth rails are free for individuals at BDO, BPI, Metrobank, LandBank, PNB, Security Bank, UnionBank, RCBC, China Bank, EastWest, PSBank, AUB, MariBank and UnionDigital, while GCash and the Maya wallet charge ₱10 per InstaPay transfer.
• EffectiveJuly 1 to July 20, 2026 depending on the institution, with the BSP compliance date on July 4, 2026.

InstaPay and PESONet fees by institution

How to read the BSP summary

The sheet puts institutions in three groups: those that explicitly waived fees or stated ₱0, those with conditional zero fees, and the rest. The waived group is ranked by average fee for individual clients. Two marks carry weight in the grid: ** means the service is not available, and * means only the receiver is charged. Every figure above comes from the individual-client columns, which are separate from the corporate ones.

The latest effective date in the sheet’s footnotes is August 15, 2026. The column order, PESONet first and InstaPay second, was read from the footnotes, and it matched on every row tested. The Type column follows the sheet’s own grouping, which is why GoTyme and Tonik sit among the digital banks and MariBank appears as a rural bank; DCPAY, the entity behind Coins.ph, is registered with the BSP as an electronic money issuer.

Where the bank’s own page differs

Three institutions publish figures that contradict the BSP sheet. The table follows the BSP sheet; both pages are linked so you can check which one your app actually applies.

• BDO: the limits and fees page shows ₱10 for InstaPay and ₱50 for PESONet, while the BSP sheet lists both as free for individuals from July 9, 2026.
• RCBC: the Pulz FAQ still states a ₱10 PESONet fee and the online banking FAQ ₱15 for InstaPay, against free on both rails in the BSP sheet.
• GCash: the bank transfer help article says “A PHP 15 fee applies per transaction”, while the BSP sheet records ₱10 from July 4, 2026.

BSP Circular 1238 and the July 2026 fee wave

BSP Circular No. 1238, issued June 17, 2026 together with Memorandum M-2026-025, lifted the moratorium on InstaPay and PESONet fee changes and set July 4, 2026 as the compliance date; BusinessWorld reported on July 6, 2026 that BSP expected more institutions to lower their fees. The circular set the deadline, not the price, which is why the effective dates in the table run from July 1 to July 20, 2026, with Development Bank of the Philippines waiving InstaPay only on August 15, 2026.

The ₱50,000 InstaPay limit

The ceiling belongs to the scheme, not to the bank. BSP’s national retail payment system page describes InstaPay as a real-time credit push scheme for “transaction amounts up to P50,000”, and UnionBank puts it directly: “InstaPay only allows transfers of up to Php 50,000.00 per transaction.” BPI lists the same PHP 50,000 per transaction, as does GCash. Daily caps are the institution’s own: Metrobank allows “up to PHP 50,000 per transaction and up to PHP 100,000 daily”. Anything larger moves through PESONet, where each bank sets its own per-transaction and daily limits. More on how the rail works is on InstaPay.

PESONet fees, cut-offs and receiving

PESONet is the batch rail. BSP describes instructions processed in bulk and cleared at batch intervals, with the payee credited within the same banking day if the instruction was sent before the cut-off, so a free transfer can still land on the next banking day. Each bank sets its own cut-off, and those times differ; the per-bank list is on PESONet cut-off times. Receiving costs nothing on this rail: BSP’s PESONet FAQ states that the beneficiary does not pay for the crediting to their account. GCash and the Maya wallet carry ** in the individual PESONet column of the fee sheet, meaning they do not send on it; the GCash help pages cover incoming PESONet cash-ins only.

Corporate and business accounts

The corporate columns did not move with the individual waivers. In the sheet, BDO’s corporate row reads ₱0 to ₱50 for PESONet and ₱25 for InstaPay, Metrobank ₱50 for PESONet with InstaPay unavailable, China Bank ₱50 and ₱25, PNB ₱50 and ₱15, and LandBank ₱10 to ₱150, with a footnote of ₱15 per single PESONet transaction and ₱10 per bulk transaction via weAccess. UnionBank’s footnote says corporate “fees vary based on account channels”. Security Bank, PSBank, AUB, MariBank and UnionDigital show free across all four columns, and Maya Bank’s footnote states corporate PESONet and InstaPay are free until further notice. These corporate figures come from the same BSP sheet and the same column order.

Other institutions on the BSP list

Beyond the rows above, the BSP sheet records free InstaPay and PESONet for individuals at Bank of Commerce from July 17, 2026 and at CTBC and PhilTrust from July 15, 2026. Development Bank of the Philippines waived InstaPay from August 15, 2026 but still lists ₱10 for PESONet, and Philippine Veterans Bank waived PESONet from July 14 and lowered InstaPay to ₱10 from July 17, 2026. Among the institutions that kept a charge, Maybank lists ₱10 InstaPay and ₱30 PESONet, PBCOM ₱10 and ₱15 to ₱500, UNObank ₱5 InstaPay, GrabPay ₱10 from July 10, 2026, and Wise Pilipinas ₱35 on both rails excluding VAT. Netbank’s footnote says fees were free until July 31, 2026, with ₱5 on InstaPay from then on. The BSP Payments Bulletin adds that as of June 2026, “InstaPay fees range from Php 0.00 to Php 35.00”.

GCash sending routes

• GCash to BDO: fee, steps and transfer delays
• GCash to Metrobank: bank QR and account checks
• GCash to Maya and Maya to GCash: fee, limits and steps

E-wallets and money from abroad

• Maya fees and limits
• GCash SWIFT code: how to receive money from abroad
• Chinabank remittance fees: inward and outward charges