Interbank Transfer via INSTAPAY

You can send money online INSTANTLY from your bank in the Philippines to another bank in the Philippines through INSTAPAY

as long as both sending and receiving entities are participants of INSTAPAY.

Instapay atm banks

The fee for sending online depends on your bank. It ranges from 5 pesos to 100 pesos. BDO charges 100 pesos per transaction.

There’s NO FEE for receiving money. Only the sending account is charged.

You can send up to 50,000 pesos per transaction. Ask your bank if there’s a minimum amount to send and if there’s a maximum for the total amount you’re able to send within a day.

Here’s a list of banks and e-money issuers participating in INSTAPAY:

These Banks Can Both Send and Receive:

1. Asia United Bank Corp. (AUB)
2. Bank of Commerce
3. BDO Unibank, Inc.
4. China Bank Savings, Inc.
5. China Banking Corp.
6. Dungganon Bank (A Microfinance Rural Bank), Inc.
7. East West Banking Corp.
8. Equicom Savings Bank, Inc.
9. G-Xchange, Inc.
10. Land Bank of the Philippines
11. Malayan Bank Savings and Mortgage Bank, Inc.
12. Maybank Philippines, Inc.
13. Metropolitan Bank and Trust Company (Metrobank)
14. Philippine Bank of Communications (PBCom)
15. Philippine National Bank (PNB)
16. Philippine Savings Bank (PSBank)
17. PNB Savings Bank
18. RCBC Savings Bank, Inc.
19. Rizal Commercial Banking Corp. (RCBC)
20. Robinsons Bank Corp.
21. Security Bank Corp.
22. Sun Savings Bank, Inc.
23. Union Bank of the Philippines (Union Bank)
24. United Coconut Planters Bank (UCPB)

These Banks Can Receive Only:

as of March 2019
All banks are expected to be able to both send and receive through Instapay soon.
1. Bank of the Philippine Islands (BPI)
2. CTBC Bank (Philippines) Corp.
3. Development Bank of the Philippines (DBP)
4. Isla Bank (A Thrift Bank), Inc.
5. OmniPay, Inc.
6. Partner Rural Bank (Cotabato), Inc.
7. PayMaya Philippines, Inc.
8. Philippine Business Bank, Inc., A Savings Bank
9. Philippine Trust Company
10. Philippine Veterans Bank
11. Sterling Bank of Asia, Inc. (A Savings Bank)
12. UCPB Savings Bank, Inc.
13. Yuanta Savings Bank Philippines, Inc.

Fees for Sending Money Online via INSTAPAY

as of January 2019, subject to change:

G-Xchange (handles GCash)

Bank charging 5 pesos only

Banks charging 10 pesos
Asia United Bank (AUB)
Bank of Commerce
China Bank
China Bank Savings
Union Bank

Banks charging 15 pesos
Equicom Savings Bank
Malayan Bank Savings and Mortgage
Security Bank

Banks charging 20 pesos
RCBC Savings

Banks charging 25 pesos
PNB Savings
Robinsons Bank

Bank charging 50 pesos

Bank charging 100 pesos


More information on INSTAPAY and PESONET

Transfer Money Online from BDO to BPI and Other Banks

Load PayMaya via BDO Online

Reference: BSP InstaPay Fact Sheet as of January 2019

InstaPay FeesĀ 

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