BSP Releases List of Banks with Waived PESONet and InstaPay Fees

Bangko Sentral ng Pilipinas (BSP) has released a list of banks that will be waiving the fees for PESONet and InstaPay withdrawals.

As of March 31, 2021, here are the banks with waived fees.

PESONet

Fees waived until December 31, 2021

• Asia United Bank
• 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 Savings Bank (Retail clients)
• ING Bank, N.V.
• Union Bank (Retail clients)

Fees waived until June 30, 2021

• China Bank Corporation
• China Bank Savings
• Equicom Savings Bank (Retail clients)
• Land Bank (Retail clients)
• Metrobank
• Philippines Business Bank
• PS Bank
• Robinsons Bank (P1.00 fee for retail clients)
• Rural Bank of Guinobatan

InstaPay

Fees waived until December 31, 2021

• Asia United Bank
• Development Bank of the Philippines
• ING Bank, N.V.
• RCBC via DiskerTech mobile app

Fees waived until June 30, 2021

• China Banking Corporation
• China Bank Savings
• Equicom Savings Bank (Retail clients)
• Land Bank (Retail clients)
• Metrobank
• PBCOM (P1.00 fee for retail clients)
• PS Bank
• Robinsons Banks (P1.00 fee for retail clients)
• Rural Bank of Guinobatan
• Union Bank (Retail clients

Fees waived until April 30, 2021

• East West Bank

Fees waived until April 20, 2021

• Security Bank (via SB online)