Bangko Sentral ng Pilipinas (BSP) has recently shared the updated list of banks with waived PESONet and InstaPay fees as of March 31, 2021.
The following banks are extending their waiver of fees for PESONet transactions.
Until June 30, 2021
• China Bank Corporation
• China Bank Savings
• Equicom Savings Bank (Retail clients)
• Land Bank (Retail clients)
• Metrobank
• Philippine Business Bank
• PS Bank
• Robinsons Bank (PHP 1 fee for retail clients)
• Rural Bank of Guinobatan
Until December 31, 2021
• Asia United Bank
• CIMB Bank Philippines
• Citibank (Retail clients)
• CTBC Bank Philippines
• Development Bank of the Philippines
• East West Bank
• East West Rural Bank
• HSBC (Retail clients)
• HSBC Savings Bank (Retail clients)
• ING Bank, N.V.
• Union Bank (Retail clients)
The following banks are extending their waiver of fees for InstaPAY transactions.
Until April 20, 2021
• Security Bank (via SB online)
Until April 30, 2021
• East West Bank
Until June 30, 2021
• China Banking Corporation
• China Bank Savings
• Equicom Savings Bank (Retail clients)
• Land Bank (retail clients)
• Metrobank
• PBCOM (PHP 1 fee for retail clients)
• PS Bank
• Robinsons Bank (PHP 1 fee for retail clients)
• Rural Bank of Guinobatan
• Union Bank
Until December 31, 2021
• Asia United Bank
• Development Bank of the Philippines
• ING Bank, N.V.
• RCBC via DiskarTech mobile app
Source: BSP
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
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