The Bangko Sentral ng Pilipinas has released an updated list of banks and financial institutions offering free or conditionally free InstaPay and PESONet fund transfers to individual clients, based on disclosures extracted on July 17, 2026. According to TechPinas, the roster covers universal and commercial banks, thrift banks, rural banks, digital banks, and electronic money issuers.
Most institutions on the list have waived transfer fees completely, while selected providers impose transaction allowances, value-based tiers, promotional deadlines, or charges after a free-transfer limit is reached. This means customers who frequently move money between accounts, send allowances, receive freelance payments, pay suppliers, or transfer funds to digital platforms should check the specific conditions before assuming all transfers are free.
Although a transfer charge of PHP 5, PHP 10, or PHP 25 may seem relatively small, these fees can accumulate quickly for users performing multiple transactions every week. Knowing which institutions offer free transfers can lead to meaningful savings for Filipino consumers, freelancers, entrepreneurs, and families, especially as digital payments continue to expand across the Philippine financial sector.