The adaption of online banking has greatly increased in the past few years as people resort to a more convenient way to settle money transactions.

Now, you can easily transfer money to a friend, family, or merchant with the tip of your fingertips. No need to go out, spend money on gas/commute, and waste your time in long lines just to deposit or send money.

This is all thanks to banks and financial services offering online bank transfers through their respective mobile apps and websites.



To handle digital money transfers, these banks use the help of InstaPay and PESONet. And as you might expect, these money transfers come with a fee. Some of the fees might be a lot, but considering the time and money you’d be saving compared to over-the-counter transactions, they are actually worth it.

Now, the question is, how much are the digital transfer fees of banks in the Philippines? Check out the list we’ve prepared below to find out.

Online Bank Transfer Fees via PESONet

BanksTransfer Fees
AllBank, Inc.Php25
Australia and New Zealand Banking Group, Ltd.Php400
Asia United Bank CorporationPhp8
Al-Amanah Islamic Investment Bank of the PhilippinesPhp55-Php110
Bank of the Philippine Islands (BPI)FREE-Php50
BDO UnibankPhp50
Bank of America, N.A.Php20-Php2,100
Bank of CommercePhp15-Php25
Bank of FloridaPhp50
Bank of MakatiPhp50-Php300
Bangkok Bank Public Co. Ltd.Php150-Php250
BanKo, A BPI SubsidiaryFREE-Php50
BDO Network BankPhp100-Php500
Cathay United Bank Co., Ltd. (Manila)Php200
Camalig Bank, IncPhp20-Php500
China Bank SavingsPhp20-Php50
Cebuana Lhuillier Rural BankPhp50
China Banking CorporationPhp20-Php200
CTBC Bank Philippines CorporationPhp25
Deutsche Bank AGPhp10-Php2,000
DCPay PhilippinesPhp0-Php5
Dungganon Bank, Inc.Php10
Equicom Savings Bank (retail)Php15
First Consolidated Bank, Inc.Php15-Php550
Innovative Rural BankPhp150
Industrial Bank of KoreaPhp200
JP Morgan Chase Bank, N.A.Php0-Php125
KEB Hana Bank (Manila branch)USD5
Land Bank of the PhilippinesPhp15-Php150
Malayan Savings BankPhp50
Maybank PhilippinesPhp30
Metropolitan Bank and Trust Company (Metrobank)Php50
Mega International Commercial BankUSD10
MUFG BankPhp250-Php350
Mizuho Bank (Manila)Php50
Philippine Naitional Bank (PNB)Php20-Php50
Philippine Bank of Communications (PBCOM)Php15-Php500
Philippine Trust CompanyPhp50
Philippine Savings Bank (PSB)Php50
Producers Savings Bank Corporation (PS Bank)Php100-Php500
Philippine Veterans BankPhp500
Robinsons Bank CorporationPhp20-Php100
RCBC via DiskarTechPhp27.50
Rizal Commercial Banking Corporation (RCBC)Php10
Security Bank CorporationPhp15-Php50
Standard Chartered BankPhp50
Shinhan Bank ManilaPhp100
Sumitomo Mitsui Banking Corporation (Manila)Php250
Sterling Bank of AsiaPhp15-Php30
Tayo CashPhp5
Union Bank of the PhilippinesFREE-Php100
United Overseas Bank Limited (Manila)Php30-Php100
Wealth Development Bank CorporationPhp30-Php100
Yuanta Savings Bank PhilippinesPhp100
Zybi TechPhp30

Online Bank Transfer Fees via InstaPay

BanksTransfer Fees
Asia United Bank (AUB)Php8
Bank of the Philippine Islands (BPI)FREE-Php25
Bank of Commerce (BOC)Php15-Php25
BanKo, a BPI subsidiaryFREE-Php25
BDO UnibankPhp25
Cebuana Lhuillier Rural BankPhp15
Card BankPhp12
China Banking CorporationPhp10-Php25
China Bank SavingsPhp10
CTBC Bank PhilippinesPhp15
Dungganon BankPhp10
Equicom Savings Bank (retail clients)Php15
East West BankPhp10
Land Bank of the PhilippinesPhp25
Maybank PhilippinesPhp10
Malayan Savings BankPhp15
Metropolitan Bank and Trust Company (Metrobank)Php25
Philippine Bank of Communications (PBCOM)Php20
Philippine Savings Bank (PSB)Php15
Philippine Naitional Bank (PNB)Php15-Php20
Robinsons Bank CorporationPhp10-Php25
RCBC via DiskarTechPhp27.50
Rizal Commercial Banking Corporation (RCBC)Php8-Php25
Standard Chartered BankPhp25
Security Bank CorporationPhp20-Php25
Sterling Bank of AsiaPhp15
StarPay CorporationPhp15
Sun Savings BankPhp10
Tayo CashPhp12
United Coconut Planters Bank (UCPB)Php25
Union Bank of the PhilippinesPhp10-Php30
Wealth Development Bank CorporationPhp15
Zybi TechPhp8

Banks and financial service providers with free online money transfers

via InstaPay

  • GrabPay
  • GPay

via PESONet

  • CIMB Bank Philippines
  • East West Rural Bank
  • HSBC (Retail)
  • HSBC Savings Bank (Retail)
  • Philippine Business Bank (PESONet)
  • Tonik Digital Bank
  • Union Bank

That’s pretty much it. These are the list of bank fees for online transfers in the Philippines. We’ll update this article once we spot some changes.

Leave a comment

Your email address will not be published. Required fields are marked *