Security Bank assures public of waived transfer fees until Dec. 31, 2020

Security Bank Corp. on Thursday announced it will continue to waive fees for transfers made through PESONet and InstaPay until the end of the year.

“We encourage everyone to remain safe during this pandemic by staying at home and conducting their banking needs through Security Bank Online and through our Security Bank Mobile App and take full advantage of the waived fund transfer fees,” Security executive vice president and head of Transaction Banking Group John Ong said.

“Transactions using Security Bank Online have seen a steady growth month-on-month since March when the Enhanced Community Quarantine was imposed in various parts of the country. Majority of the transactions come from fund transfer and bills payment services,” Ong added.

Since the onset of the COVID-19 pandemic, Security Bank saw 312% increase in fund transfer transactions with its remittance service EGiveCash and InstaPay.

As of September 30, the following are the list of establishments that waived fees for the transactions until December 31:

• Asia United Bank Corporation
• Bank of Commerce
• Cebuana Lhuillier Rural Bank
• China Bank Savings, Inc.
• China Banking Corporation
• CIMB Bank Philippines Ink.?Citibank (Free for individual clients)
• CTBC Bank (Philippines) Corporation
• DCPay (for retail clients)
• Development Bank of the Philippines
• East West Banking Corporation
• Equicom Savings Bank, Inc.
• Hongkong and Shanghai Banking Corporation (for retail, corporate clients)
• HSBC Savings Bank (for retail, corporate clients)
• ING Bank, N.V.

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• Land Bank of the Philippines
• Maybank Philippines Inc. (for retail clients)
• Metropolitan Bank and Trust Company
• Philippine Bank of Communications
• Philippine Business Bank
• Philippine National Bank
• Philippine Savings Bank
• Philippine Veterans Bank
• Rizal Commercial Banking Corporation
• Robinsons Bank Corporation
• Rural Bank of Guinobatan
• Sterline Bank of Asia, Inc.
• Union Bank of the Philippines
• United Coconut Planters Bank

Meanwhile, the following banks and e-money issuers will wave their fees for InstaPay and PESONet transactions until October 31:

• G-Xchange, Inc (GCash)
• MUFG Bank, Ltd.
• PayMaya.

— RSJ, GMA News