Filtered By: Money

Banks waiving online transfer fees until December 31, 2021

The Bangko Sentral ng Pilipinas (BSP)  on Wednesday released a list of banks that are waiving online transaction fees as late as December 31, 2021.

Below are the banks that waived both PesoNet and InstaPay fees:


The BSP launched InstaPay in April 2018, an electronic fund transfer (EFT) payment system that enables individuals to wire funds across banks in real-time.

Meanwhile, PESONet was launched in 2017, enabling the government, businesses, and individuals to initiate electronic fund transfers and recurring payments in financial institutions supervised by the central bank within the same banking day.

In July last year, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said he wants at least half of all Philippine transactions done digitally by the end of his term in 2023.—AOL, GMA News