BSP updates list of banks with waived PESONet, InstaPay fees

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 1USD 0.02INR 1EUR 0.02CNY 0.12 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 1USD 0.02INR 1EUR 0.02CNY 0.12 fee for retail clients)
• PS Bank
• Robinsons Bank (PHP 1USD 0.02INR 1EUR 0.02CNY 0.12 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