Cherry De Vega, Bookkeeping and Compliance ReviewerReviewed by Cherry De Vega, Bookkeeping and Compliance Reviewer

InstaPay and PESONet fees per bank

31 of the 107 banks and e-wallets in the BSP summary charge nothing for a personal InstaPay transfer, and 41 charge ₱5 to ₱35, most often ₱10. Find your bank in the table below.

Free InstaPay, personal:
31.
of 107 institutions.
Free only under conditions:
2.
e.g. a set number of free transfers a month.
Charge for InstaPay:
41.
₱5 to ₱35 per transfer.
Most common fee:
₱10.
15 institutions; 10 transfers = ₱100.
No InstaPay online:
33.
personal accounts.
Free PESONet, personal:
40.
of 107.

BSP Summary of Transfer Fees via Digital Channels, as of August 31, 2026.

Our take: send everyday amounts by InstaPay from a bank that charges nothing for it. If your bank charges for InstaPay but not PESONet, as 6 institutions do (among them DCPAY Philippines, Incorporated, Maya Bank, Inc., Netbank (A Rural Bank), Inc.), use PESONet for anything that can wait until the next banking day. Use PESONet too for amounts above your bank's InstaPay cap. Next: find your bank in the table below.

InstaPay and PESONet fees per transfer, personal accounts
Asia United Bank CorporationUniversal and commercial bankFreeFree
Bank of CommerceUniversal and commercial bankFreeFree
Bank of the Philippine IslandsUniversal and commercial bankFreeFree
BDO Network Bank, Inc.Thrift bankFreeNot offered
BDO Unibank, Inc.Universal and commercial bankFreeFree
BPI Direct BanKO, Inc., A Savings BankThrift bankFreeFree
China Bank Savings, Inc.Thrift bankFreeFree
China Banking CorporationUniversal and commercial bankFreeFree
CIS Bayad Center, IncorporatedE-money issuer (non-bank)FreeNot offered
City Savings Bank, Inc.Thrift bankFreeFree
CTBC Bank (Philippines) CorporationUniversal and commercial bankFreeFree
Development Bank of the PhilippinesUniversal and commercial bank[Instapay] Fees are FREE effective on 15 August 2026.Free₱10.00
East West Banking CorporationUniversal and commercial bankFreeFree
East West Rural Bank, Inc.Rural bankFreeFree
Equicom Savings Bank, Inc.Thrift bankFreeFree
Land Bank of the PhilippinesUniversal and commercial bank[PESONet] For corporate clients, P15.00 per successful single transaction via weAccess; P10.00 per successful bulk transaction.FreeFree
Malayan Savings Bank, Inc.Thrift bankFreeFree
MariBank Philippines Inc.Digital bank[PN/IP] No transaction limit.FreeFree
Maybank Philippines, IncorporatedUniversal and commercial bank · free only under conditions[PESONet] For individual clients, fees vary based on the account type.Free₱0.00 to ₱30.00
Metropolitan Bank and Trust CompanyUniversal and commercial bankFreeFree
Overseas Filipino Bank, Inc.Digital bank · free only under conditions[PESONet] Fees vary based on the account type.Free₱0.00 to ₱17.00
Own Bank, The Rural Bank of Cavite City, Inc.Rural bankFreeFree
Philippine Bank of CommunicationsUniversal and commercial bankFree₱15.00 to ₱500.00
Philippine National BankUniversal and commercial bankFreeFree
Philippine Savings BankThrift bankFreeFree
Philippine Trust CompanyUniversal and commercial bankFreeFree
Rizal Commercial Banking CorporationUniversal and commercial bankFreeFree
Security Bank CorporationUniversal and commercial bank[PN/IP] Clients with proprietary front-end system or those API-based clients are charged separate integration fees.FreeFree
ShopeePay Philippines, IncorporatedE-money issuer (non-bank)FreeNot offered
Union Bank of the PhilippinesUniversal and commercial bank · free only under conditions[PN/IP] For corporate clients, fees vary based on account channels. [PN/IP] For corporate clients, fees vary based on account channels.FreeFree
UnionDigital Bank, Inc.Digital bankFreeFree
DCPAY Philippines, IncorporatedE-money issuer (non-bank)₱5.00Free
Netbank (A Rural Bank), Inc.Rural bank₱5.00Free
PPS-PEPP Financial Services Corporation (PalawanPay)E-money issuer (non-bank)₱5.00Not offered
UNObank, Inc.Digital bank₱5.00Free
Tonik Digital Bank, Inc.Digital bank₱8.00₱8.00
GoTyme Bank CorporationDigital bank · free only under conditions[InstaPay] 20 free transfers per month, P9.00 on the succeeding transfers starting on the 21st.₱0.00 to ₱9.00Free
Card Bank, Inc. (A Microfinance - Oriented Rural Bank)Rural bank₱9.00Not offered
CARD MRI Rizal Bank, Inc., A Microfinance-Oriented Rural BankRural bank₱9.00Not offered
CARD SME Bank, Inc. A Thrift BankThrift bank[InstaPay] 1.8% of the transaction amount, applicable only to P2Micro Merchant Transaction with more than P500.00 amount of transactions and P2Merchant Transaction₱9.00Not offered
CIMB Bank Philippines Inc.Universal and commercial bank · free only under conditions[InstaPay] First 2 transactions are free; P10.00 will be charged per transaction thereafter.₱0.00 to ₱10.00Free
MarcoPay IncorporatedE-money issuer (non-bank)[InstaPay] 1 free transfer per month for users.₱5.00 to ₱10.00Not offered
Dungganon Bank (A Rural Bank), Inc.Rural bank₱10.00₱10.00
Easypay Global EMI CorporationE-money issuer (non-bank)₱10.00₱10.00
G-Xchange, Incorporated (GXI)E-money issuer (non-bank)₱10.00Not offered
Gpay Network PH, Incorporated (Grabpay)E-money issuer (non-bank)₱10.00Not offered
Lulu Financial Services (Phils.), Inc.E-money issuer (non-bank)₱10.00₱10.00
Maya Bank, Inc.Digital bank[PN/IP] PESONet and InstaPay transfers (for Corporate clients) are FREE until further notice.₱10.00Free
Maya Philippines, IncorporatedE-money issuer (non-bank)₱10.00Not offered
Omni Pay IncorporatedE-money issuer (non-bank)₱10.00Not offered
PayMongo Payments IncE-money issuer (non-bank)₱10.00₱10.00
Philippine Veterans BankUniversal and commercial bank₱10.00Free
Producers Savings Bank CorporationThrift bank₱10.00Not offered
Queen City Development Bank, Inc. or Queenbank, A Thrift BankThrift bank₱10.00Not offered
Rural Bank of Guinobatan, Inc.Rural bank₱10.00₱10.00
Sun Savings Bank, Inc.Thrift bank₱10.00Not offered
TayoCash IncorporatedE-money issuer (non-bank)₱12.00₱5.00
Camalig Bank, Inc. (A Rural Bank)Rural bank[PESONet] Fees vary based on the transaction amount.₱15.00₱20.00 to ₱500.00
Cebuana Lhuillier Rural Bank, Inc.Rural bank₱15.00₱50.00
Mindanao Consolidated Cooperative BankRural bank₱15.00Not offered
Philippine Digital Asset Exchange (PDAX), Inc.E-money issuer (non-bank)₱15.00₱10.00
Rang-Ay Bank, Inc. (A Rural Bank)Rural bank[PESONet] Value-based tiering is assumed.₱15.00₱50.00 to ₱100.00
Starpay CorporationE-money issuer (non-bank)₱15.00Not offered
Sterling Bank of Asia, Inc. (A Savings Bank)Thrift bank₱15.00₱15.00
Toktokwallet Inc.E-money issuer (non-bank)₱15.00Not offered
Traxion Pay IncorporatedE-money issuer (non-bank)₱15.00₱50.00
Wealth Development Bank CorporationThrift bank[PESONet] Fees vary based on the transaction amount.₱15.00₱30.00 to ₱100.00
Bank of China (Hongkong) Limited-Manila BranchUniversal and commercial bank₱20.00₱30.00
Pacific Ace Savings Bank, Inc.Thrift bank₱20.00Not offered
ISLA Bank (A Thrift Bank), Inc.Thrift bank[InstaPay] Fees vary based on the account type.₱10.00 to ₱25.00₱15.00
Cantilan Bank, Inc. (A Rural Bank)Rural bank₱25.00₱50.00
Infoserve, IncorporatedE-money issuer (non-bank)₱25.00Not offered
USSC Money Services IncorporatedE-money issuer (non-bank)₱25.00Free
Wise Pilipinas IncorporatedE-money issuer (non-bank)[PN/IP] Fees excluding VAT.₱35.00₱35.00
Al-Amanah Islamic Investment Bank of the PhilippinesUniversal and commercial bank[PESONet] Fees vary based on the transaction amount.Not offered₱55.00 to ₱110.00
Australia and New Zealand Banking Group LimitedUniversal and commercial bank · free only under conditions[PESONet] Value-based tiering is assumed.Not offered₱0.00 to ₱400.00
Bangko Mabuhay (A Rural Bank), Inc.Rural bankNot offeredFree
Bangko Nuestra Senora Del Pilar, Inc. (A Rural Bank)Rural bankNot offered₱12.00
Bank of Makati (A Savings Bank), Inc.Thrift bank[PESONet] Fees vary based on the transaction amount.Not offered₱50.00 to ₱300.00
BOF, Inc. (A Rural Bank)Rural bankNot offered₱50.00
Cathay United Bank Co., LTD. - Manila BranchUniversal and commercial bankNot offered₱200.00
Deutsche Bank AGUniversal and commercial bank · free only under conditions[PESONet] The all-in PESONet transaction fee is dependent on the tier that each corporate customer belongs to.Not offeredNot offered
Industrial and Commercial Bank of China Limited - Manila BranchUniversal and commercial bankNot offered₱100.00
Industrial Bank of Korea Manila BranchUniversal and commercial bankNot offered₱200.00
Innovative Bank Inc. (A Rural Bank)Rural bankNot offered₱150.00
JP Morgan Chase Bank, N.A.Universal and commercial bank · free only under conditions[PESONet] Value-based tiering is assumed.Not offered₱0.00 to ₱110.00
KEB Hana Bank - Manila BranchUniversal and commercial bankNot offered$5.00
Laguna Prestige Banking Corporation, (A Rural Bank)Rural bankNot offeredFree
Malarayat Rural Bank, Inc.Rural bank[PESONet] Value-based tiering is assumed.Not offered₱50.00 to ₱100.00
Mega International Commercial Bank Co., Ltd.Universal and commercial bankNot offered$10.00
Mizuho Bank, Ltd. - Manila BranchUniversal and commercial bankNot offered₱50.00
Money Mall Rural Bank, Inc.Rural bankNot offeredFree
MUFG Bank, Ltd.Universal and commercial bankNot offered₱250.00
New Rural Bank of San Leonardo (Nueva Ecija), Inc.Rural bank[PESONet] P30.00 fee per P20,000.00 transaction but not to exceed P100,000.00 per day.Not offered₱30.00
Rural Bank of Angeles, Inc.Rural bankNot offeredFree
Rural Bank of Bauang, Inc.Rural bankNot offered₱5.00
Rural Bank of La Paz, Inc.Rural bankNot offeredFree
Rural Bank of Mangaldan, Inc. (Bangko Rural Ng Mangaldan, Ink.)Rural bank[PESONet] Fees vary based on the transaction amount.Not offered₱10.00 to ₱50.00
Rural Bank of Montalban, Inc.Rural bankNot offeredFree
Rural Bank of Porac (Pampanga), Inc.Rural bankNot offeredFree
Standard Chartered BankUniversal and commercial bankNot offeredNot offered
Sumitomo Mitsui Banking Corporation-Manila BranchUniversal and commercial bankNot offered₱250.00
TagCash Ltd. IncorporatedE-money issuer (non-bank)Not offered₱25.00
Top Bank Philippines, Inc. (A Rural Bank)Rural bankNot offeredFree
UCPB Savings BankThrift bankNot offered₱15.00
United Overseas Bank Limited, Manila BranchUniversal and commercial bankNot offeredNot offered
Yuanta Savings Bank Philippines, Inc.Thrift bankNot offered₱100.00

No bank pays to appear here or to change its position.

Fees per transfer, sent by the account holder. "Not offered": the institution does not offer that transfer through digital channels. Highlighted rows have their own page here. BSP Summary of Transfer Fees via Digital Channels, extracted September 12, 2026

Banks with free transfers

The BSP publishes a separate list of institutions that charge personal account holders nothing. "Conditional" means free up to a limit, such as GoTyme's 20 free InstaPay transfers a month (₱9 from the 21st) or CIMB's first two.

Free InstaPay (31)

Free under conditions: CIMB Bank Philippines Inc., GoTyme Bank Corporation.

Free PESONet (40)

Free under conditions: Australia and New Zealand Banking Group Limited, JP Morgan Chase Bank, N.A., Maybank Philippines, Incorporated, Overseas Filipino Bank, Inc..

BSP list of BSFIs with zero-peso and waived PESONet and InstaPay fees

InstaPay or PESONet?

  • InstaPay arrives within minutes and suits everyday amounts. It has a per-transfer cap, ₱50,000 at UnionDigital (UnionDigital) and MariBank (MariBank).
  • PESONet moves in batches on banking days. Send before your bank's cut-off (3:00 PM at UnionDigital) and it lands the same day; after that, the next banking day. Limits are higher, up to ₱10 million per transfer at UnionDigital (UnionDigital).

Moving money between your own accounts? Pick the free rail of the sending bank. For e-wallet fees and limits, see GCash, Maya and other e-wallets.

Questions

How much does GCash charge for InstaPay?

The BSP summary lists G-Xchange (GCash) at ₱10.00 per InstaPay transfer, as of August 31, 2026. GCash's help page says the fee was lowered from ₱15 to ₱10 on 4 July 2026. BSP fee summary, as of August 31, 2026

How much does Maya charge for InstaPay?

The BSP summary lists Maya Philippines (the Maya wallet) at ₱10.00 for InstaPay. Maya Bank, the separate savings bank, is listed at ₱10.00. BSP fee summary, as of August 31, 2026

Not covered here: international transfers and remittance companies. For a transfer that did not arrive, contact the sending bank or e-wallet first with its reference number, then the BSP under RA 11765.

What to do next

  1. Find your bank in the table above. If it charges for InstaPay, check whether its PESONet is free and plan around the cut-off.
  2. Moving savings for a better rate? Compare banks in the savings interest calculator.
  3. Topping up a wallet? GCash and Maya cash-in fees and limits.