The Bangko Sentral ng Pilipinas (BSP) has released an updated list of supervised financial institutions offering waived or conditionally free InstaPay and PESONet transfers for individual clients, as disclosed on July 17, 2026. TechPinas reports that the roster covers universal and commercial banks, thrift banks, rural banks, digital banks, and electronic money issuers. Most institutions on the list have completely waived fees, while some impose transaction limits, value-based tiers, or promotional deadlines before charges apply.
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 a single transfer charge of PHP 5, PHP 10, or PHP 25 may seem small, these fees can accumulate quickly for frequent transactions. The BSP’s latest list aims to give consumers the information needed to identify accounts that offer meaningful savings on everyday fund transfers.
The expansion of zero-fee electronic fund transfer services across the Philippine financial sector has made sending money between banks more affordable. The updated list includes detailed conditions for each institution, helping customers make informed choices. The BSP encourages the public to check the list periodically as offerings may change.