Complete List of PESONet and InstaPay Transfer Fees

Transferring money from one bank to another is fast, easy and convenient nowadays, thanks to the Internet. In the Philippines, interbank fund transfers are usually facilitated through the PESONet and InstaPay electronic funds transfer (EFT) services. In this article, we’ll talk about these EFT services and the corresponding PESONet and InstaPay fees by bank and e-wallet.

In the past, if you want to transfer money between two bank accounts, you had to manually withdraw the money and deposit the cash into the recipient’s bank account. You could imagine how tedious and time-consuming that is. But thanks to the Internet, that is now all a thing of the past.

EFT services like PESONet and InstaPay have made it possible to transfer money electronically from your bank account to another account at a different bank. For example, you can transfer money from BDO to BPI. You only have to login to the BDO online banking website or mobile app and then provide the recipient’s bank account details in order to transfer the money. All you need is a computer or smartphone with an Internet connection.

With PESONet and InstaPay, you don’t have to visit the bank to transfer money or make a payment to another bank account. You don’t have to wait for several days either. Electronic fund transfers are usually completed in real time for InstaPay, or in the case of PESONet, up to two banking days.

Fund transfers can also be done over-the-counter at a participating bank. Over-the-counter transfers enjoy the same benefits as online fund transfers, only that the sender personally deposits the money at the bank and then the bank performs the transfer for him.

But just like any other banking transaction, online fund transfers may cost you a small transaction fee. Many banks have waived the imposition of transfer fees during the general community quarantine, but some have announced the resumption of fees in 2021. In this regard, we’ve come up with an updated list of PESONet and InstaPay fees corresponding to each bank and e-wallet.

Table of PESONet and InstaPay Transfer Fees

The PESONet and InstaPay transfer fees in this table are valid and applicable until December 31, 2020. You can use the search box below for easily look up your bank or e-wallet (e.g. BDO, BPI, GCash). You can also sort the data from the lowest to the highest amounts or vice versa.

The fees listed in the table are collected from the Bangko Sentral ng Pilipinas website and are subject to change without prior notice. We suggest visiting your bank’s website or mobile app to confirm that the PESONet or InstaPay fees are correct before performing a fund transfer.

We will update the list as soon as there are any additions or changes in the fees.