Transfer Money Thru Instapay or PesoNet Instantly

You can now transfer money thru INSTAPAY or PESONET instantly! Just use your online banking and any of your Philippine peso accounts.


Choose INSTAPAY,  if you need instant transfer. Any day, any hour. Transfer fee ranges from 5 to 50 pesos.

Choose PesoNet,  if you’re not rushing, especially if your bank does not charge anything for PesoNet. Eastwest, Union Bank and ING Bank offer this transfer for FREE. Transfer is done within the day, or the next business day. Only on business days.

Under Send Money or Transfer Money in your online banking, you can find Instapay or PesoNet.


Here are banks offering Instapay money transfer, including transfer fees:


AUB 10
Bank of Commerce 10
BDO 50
BPI 50
BPI Direct Banko 50
BPI Family 50
China Bank 10 to 15
China Bank Savings 10
Eastwest 5
Equicom Savings 15
GCASH (G-Xchange) FREE
LandBank 25
Malayan Bank 15
MayBank 10 to 40
Metrobank 25
PBCom 20
PNB 50
PNB Savings 25
PSBank 15 to 150
RCBC Savings 20
Robinsons Bank 25
Security Bank 15
Sterling Bank 15
Sun Savings Bank 10
Union Bank 10



These 15 banks are INSTAPAY RECEIVER only as of September 30, 2019

1. AllBank
2. Bangko Mabuhay .
3. CTBC Bank
4. DBP
5. ING Bank
6. Isla Bank
7. OmniPay .
8. Partner Rural Bank (Cotabato)
9. PayMaya
10. Philippine Business Bank
11. PhilTrust
12. Philippine Veterans
13. Quezon Capital Rural Bank
14. UCPB Savings Bank
15. Wealth Development Bank



AUB 10
ANZ 300
Bank of America 10 to 2,100
Bank of Commerce 10
Bank of China 30
BDO 0 to 100
BPI 50
BPI Direct Banko 50
BPI Family 50
China Bank 50
China Bank Savings 150
Citibank 0 to 100
CTBC Bank 403
Deutsche Bank 10 to 2,000
DBP 250
Eastwest FREE
Equicom Savings 15
First Consolidated Bank 25 to 500
KEB Hana Bank $10 to 105
HSBC 0 to 700
Industrial Bank of Korea 200
JP Morgan 50 to 175
LandBank 120 to 150
MayBank $15
Metrobank 100
Mizuho Bank 50
MUFG Bank 250
PBCom 15 to 500
PNB 30
PNB Savings 25
PSBank 50 to 150
Philtrust 200
Philippine Veterans 1,000
Producers Savings Bank 100 to 500
Robinsons Bank 20 to 100
Security Bank 20 to 50
Shinhan Bank 100
Standard Chartered 50
Sterling Bank 100
Sumitomo Mitsui 250
Union Bank FREE
UCPB 100 to 150
United Overseas 300 up


Who Pays the Transfer Fee? Sender
Does the Receiver Pays a Fee? No
Does the Receiver Receive the Full Amount? Yes
Can I Use Instapay or PesoNet to Transfer Money to an Account Abroad? No
Can I Transfer to Any Institution? No. Only to Instapay or PesoNet members
Your Online Banking will let you choose from a List of Participating Institutions
Which institution supervises Instapay or PesoNet? banking industry-led Philippine Payment Management Inc., which is overseen by the BSP
What are needed to make a transfer?
1. Your online banking account
2. Money in your peso account
3. Your mobile phone with phone number registered in your online banking account
(Your one-time-password (OTP) will be sent to your phone)
4. Information on your receiving account (Name of bank, account name and account number)
Can I Cancel a Transfer? Once the transfer is completed, you can no longer cancel.
What happens if the money was debited from the sender’s account but not credited by the receiving bank? This happens because of mismatch in account name or account number, or the receiving account has been closed, frozen or dormant. The amount will be returned by the receiving bank and will be credited back to your account. This process may take a day or a few days. There might be an additional fee for this process.

What’s the difference between INSTAPAY and PESONET?

If both Instapay and PesoNet are offered by your online banking, you can choose any of the two. Individuals are more likely to choose INSTAPAY since the transfer fees are lower, except in some banks.

– Instant transfer
– Maximum of 50,000 pesos per transaction
(Daily limit depends on your bank)
– Transfer anytime 24/7, any day, including weekends and holidays

– Not instant transfer, but within the day,
or next business day for transactions done after cut-off time
– Higher maximum limit per transaction
– Business days only (and business hours only for some banks)


More information on INSTAPAY or PESONET

Money Transfer Using Your BDO Online Banking

Interbank Transfer via INSTAPAY

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