Bank of the Philippine Islands (BPI) will permanently remove fees for interbank fund transfers made through its digital channels starting July 1, 2026. BPI says customers using its mobile app, online banking platform, and its digital platforms VYBE, BanKo, and BizKo will no longer be charged fees when sending money to other banks and e-wallets via InstaPay and PESONet. The move applies to transactions processed through BPI’s digital services and is intended to support financial inclusion and encourage wider use of digital banking. Prior to the change, BPI charged P10 per InstaPay transaction and P50 for PESONet transfers made through its mobile and online banking channels. Separate coverage notes that BPI’s announcement also raises questions about whether other banks will adopt similar fee waivers. BPI’s decision takes effect on July 1, 2026, with the bank describing the removal of charges as permanent.
BPI waives InstaPay and PESONet transfer fees starting July 1, 2026
Bank of the Philippine Islands (BPI) will permanently remove fees for interbank fund transfers made through its digital channels starting July 1, 2026. BPI says customers using its mobile app, online...
- BPI will permanently waive fees for interbank transfers through InstaPay and PESONet starting July 1, 2026.
- The fee waiver applies to transfers made via BPI’s digital channels, including its mobile app and online banking platform, as well as VYBE, BanKo, and BizKo.
- Previously reported charges were P10 per InstaPay transaction and P50 for PESONet transfers via BPI’s digital channels.
- The announcement is positioned by BPI as part of efforts toward financial inclusion and greater digital banking adoption.
- Coverage asks whether other banks will follow BPI’s fee waiver.
MANILA, Philippines – The Bank of the Philippine Islands (BPI) will permanently eliminate fees for interbank fund transfers across its digital platforms beginning July 1, as part of its 175th anniversary and a broader push for financial inclusion. Customers using the BPI mobile app, online banking, VYBE, BanKo, and BizKo will no longer pay the […]...Keep on reading: BPI drops interbank transfer fees permanently
2 hours agoInanunsyo ng Bank of the Philippine Islands (BPI) ngayong Lunes na permanente nang aalisin ang bayad sa mga transaksiyon na isinasagawa ng InstaPay at PESONet simula sa Miyerkules, Hulyo 1, 2026.
4 hours agoPreviously, most BPI app users were charged P10 for InstaPay transactions and P50 for PESONet transfers
5 hours agoMANILA, Philippines – The Bank of the Philippine Islands (BPI) will permanently waive fees for interbank fund transfers made through its digital channels starting July 1, a move aimed at boosting financial inclusion and digital banking adoption. Starting next month, customers using the BPI mobile app, online banking platform, VYBE, BanKo and BizKo will no longer pay fees for transfers to other banks and e-wallets via InstaPay and PESONet, the Ayala-led bank said on Monday. READ: InstaPay, PESONet transactions topped P13T as of May ’26–BSP Previously, BPI charged P10 per InstaPay transaction and P50 for PESONet transfers made through its mobile […]...Keep on reading: BPI waives InstaPay, PESONet transfer fees starting July 1
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