Thursday, January 28, 2021

BSP updates list of banks, e-money issuers with extended waiver fees for InstaPay, PESONet

Bangko Sentral ng Pilipinas (BSP) has recently shared the updated list of banks and e-money issuers with an extended waiver of fees for PESONet and InstaPay, as of January 27, 2021.

The following banks are extending their waiver of fees for PESONet transactions.

Until January 31, 2021
• AllBank, Inc.
• DCPay Philippines

Until March 31, 2021
• Bank of Makati, Inc.
• China Bank Savings
• China Banking Corporation
• Country Builders Bank
• Land Bank
• Metrobank
• Philippine Business Bank
• Philippine Trust Company
• Philippine Veterans Bank
• PNB
• PS Bank
• Robinsons Bank (PHP 1.0 fee)
• Sterling Bank of Asia
• United Coconut Planters Bank

Until June 30, 2021
• Rural Bank of Guinobatan

Until December 31, 2021
• 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 Saving Bank (Retail clients)
• ING Bank, N.V.

Meanwhile, the mentioned banks below are extending their waiver of fees for InstaPay transactions.

Until January 31, 2021
• AllBank, Inc.
• Cebuana Lhuillier Rural Bank
• DCPay Philippines
• East West Bank
• Land Bank
• RCBC via online banking
• StarPay Corporation

Until February 15, 2021
• PayMaya Philippines, Inc.

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
• Land Bank
• 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 of the Philippines
• United Coconut Planters Bank