According to TechPinas, the Bangko Sentral ng Pilipinas has released an updated list of BSP-Supervised Financial Institutions that offer waived, zero-peso, or conditionally free InstaPay and PESONet transactions for individual clients as of July 17, 2026. The list covers universal and commercial banks, thrift banks, rural banks, digital banks, and electronic money issuers.
Most institutions on the list have completely waived transfer fees, while some impose transaction allowances, value-based tiers, promotional deadlines, or charges after a free-transfer limit is reached. Sending money from one bank to another has become more affordable for many Filipinos following the expansion of zero-fee electronic fund transfer services across the Philippine financial sector.
Choosing an account with free interbank transfers can help Filipino consumers, freelancers, entrepreneurs, and families avoid recurring fees when moving money between financial platforms. Although individual transfer charges may seem small, they can accumulate quickly with frequent transactions, making this information valuable for everyday savings.