Here Is The List Of Banks Extending Waived InstayPay, PESONet Fees
LIST: BANKS EXTENDING WAIVED INSTAPAY FEES – Amid the coronavirus pandemic, banking and other transactions are slowly shifting digital.
With this came the rise of InstasPay and PESONet services. Using online wallets such as GCASH, PayMaya, and CoinsPH, users can now easily pay and transfer money instantly without any hassle.
This served as an amazing service for retail consumers. However, with fees lifted, conducting small transactions could garner transactions fees of 15-25 pesos. Luckily, some banks have lifted its fees for the use of InstaPay and PESONet services. Here is the list according to the Banko Sentral Ng Pilipinas (BSP):
Until 31 December 2021 (PESONET)
- 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 Bangs (Retail Clients)
- ING Bank, N.V.
- Union Bank (Retail Clients)
Until 30 June 2021
- China Bank Corporation
- CHina Bank Savings
- Equicom Savings Bank (Retail clients)
- Land Bank (Retail Clients)
- Metrobank
- Philippine Business Bank
- PS Bank
- Robinsons Bank (P1.00 fee for retail clients)
- Rural Bank of Guinobatan
Until 31 December 2021 (INSTAPAY)
- Asia United Bank
- Development Bank of the Philippines
- ING Bank N.V.
- RCBC via DiskarTech mobile app
Until 30 June 2021
- China Banking COrporation
- CHina Bank Savings
- Equicom Savings Bank (Retail Clients)
- Land Bank (Retail clients)
- Metrobank
- PBCOM (P1.00 fee for retail clients)
- PS Bank
- Robinsons Bank (P1.00 fee for retail clients)
- Rural Bank of Guinobatan
- Union Bank (retail clients)
Until 30 April 2021
- East West Bank
Until 20 April 2021
- Security Bank (via SB Online)
Thanks for reading. We aim to provide our readers with the freshest and most in-demand content. Come back next time for the latest news here on Philnews.
READ ALSO: Andi Eigenmann reacts to Post about her Turning Down Photo Op Request