Lists of Banks with extended waiver of fees for PESONet and InstPay transactions
Bangko Sentral ng Pilipinas (BSP) Logo
As the COVID-19 Pandemic continue to wreak havoc not only on the country’s health system but also on the economy and lives of the people, businesses are turning to digital payment system as the new and more acceptable standard of payment for the purchase of products and services as well as other business transactions.
With that being said, the Bangko Sentral ng Pilipinas (BSP) issued an extended waiver of fees from banks using the PESONet and InstaPay payment system as of January 08, 2021.
The list of banks that are extending their waiver of fees for each payment system:
Until January 31, 2021
• AllBank, Inc.
• DCPay Philippines
• Land Bank
• Philippine Business Bank
Until March 31, 2021
• China Bank Savings
• China Banking Corporation
• Country Builders Bank
• Country Builders Bank
• Equicom Saving Bank
• GPay
• JP Morgan Chase Bank (Selected clients)
• Metrobank
• Philippine Business Bank, Inc.
• Philippine Trust Company
• Philippine Veterans Bank
• PNB
• PS Bank
• Robinsons Bank (PHP 1 fee)
• Sterling Bank of Asia
• United Coconut Planters Bank
• Union Bank of the Philippines
Until June 30, 2021
• Rural Bank of Guinobatan
Until December 31, 2021
• CIMB Bank Philippines
• Citibank
• CTBC Bank (Philippines) Corporation
• Development Bank of the Philippines
• East West Bank
• East West Rural Bank
• HSBC (Retail clients)
• HSBC Saving Bank (Retail clients)
• ING Bank, N.V.
Until January 31, 2021
• AllBank, Inc.
• Cebuana Lhuillier Rural Bank
• DCPay Philippines
• East West Bank
• Land Bank
• RCBC via online banking
• StarPay Corporation
Until March 31, 2021
• Asia United Bank
• Binangonan Rural Bank
• China Bank Savings
• China Banking Corporation
• CTBC Bank (Philippines) Corporation
• East West Rural Bank
• Equicom Savings Bank
• GrabPay
• Maybank Philippines, Inc.
• Metrobank
• PBCOM (PHP 1.00 fee)
• PNB
• PS Bank
• Robinsons Bank (PHP 1.00 fee)
• Security Bank (via SB online)
• Sterling Bank of Asia
• Union Bank
• United Coconut Planters Bank
Until June 30, 2021
• Rural Bank of Guinobatan
Until December 31, 2021
• Development Bank of the Philippines
• ING Bank, N.V.
• RCBC via DiskaTech mobile app
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