The Banko Sentral ng Pilipinas (BSP) has released an updated list of banks with waved PESONet and InstaPay fees.
A couple of banks have extended the duration of waved fees when you transact with them through PESONet and InstaPay services. You can check the list below.
Updated: March 31, 2021
Banks with waived PESONet fees
Until June 30, 2021
- China Bank Savings
- China Bank Corporation
- Land Bank (Retail clients)
- Equicom Savings Bank (Retail clients)
- Philippine Business Bank
- Metrobank
- PS Bank
- Rural Bank of Guinobatan
- Robinsons Bank (PHP 1 fee for retail clients)
- Rural Bank of Guinobatan
Until December 31, 2021
- CIMB Bank Philippines
- Asia United Bank
- Citibank (Retail clients)
- Development Bank of the Philippines
- CTBC Bank Philippines
- East West Rural Bank
- East West Bank
- ING Bank, N.V.
- HSBC (Retail clients)
- HSBC Savings Bank (Retail clients)
- Union Bank (Retail clients)
Banks with waived InstaPay fees
Until April 20, 2021
- Security Bank (via SB online)
Until April 30, 2021
- East West Bank
Until June 30, 2021
- China Bank Savings
- China Banking Corporation
- Land Bank (retail clients)
- Equicom Savings Bank (Retail clients)
- PBCOM (PHP 1 fee for retail clients)
- Metrobank
- Robinsons Bank (PHP 1 fee for retail clients)
- PS Bank
- Rural Bank of Guinobatan
- Union Bank
Until December 31, 2021
- Development Bank of the Philippines
- Asia United Bank
- ING Bank, N.V.
- RCBC via DiskarTech mobile app