LIST: Banks waiving transfer fees during the holiday season

MANILA, Philippines — Several banks have waived their PESOnet and Instapay fees for the holiday season, the Bangko Sentral ng Pilipinas said on Tuesday.

Most banks waived their fees until Dec. 31, 2023, with the exception of the Union Bank of the Philippines which will only waive its Instapay fees until Nov. 11, 2023. 

These are the banks that will waive their fees during the holiday season:

PESONet transfers have no maximum limit and are processed by the end of the day. On the other hand, InstaPay permits real-time transfers of up to P50,000 per transaction.