As digital banking matures in the Philippines, transfer fees are slowly becoming less uniform. Some banks now offer unlimited free transfers, while others apply limits, rebates, or value caps.
Below is a practical 2026 guide to banks and e-wallets that currently offer free InstaPay and or PESONet transfers, grouped by how the fees are structured.
Free transfers for low-value amounts
At the same time, some government and commercial banks waive fees only for low-value transfers, which benefits users making small, frequent payments.
| Bank | Free Transfer Condition | Limits |
|---|---|---|
| LandBank | PHP 1,000 and below via InstaPay or PESONet | First 3 transfers per day |
| Metrobank | PHP 1,000 and below via InstaPay | Value-based only |
Unlimited free InstaPay for priority or affluent accounts
Several traditional banks now reserve unlimited free InstaPay transfers for priority or relationship-based accounts, such as preferred or wealth segments. This approach allows banks to manage network costs while still offering fee-free convenience to higher-balance clients.
| Bank | Account Type | Notes |
|---|---|---|
| BPI | Preferred | Unlimited free InstaPay for preferred banking clients |
| RCBC | Hexagon Club Priority | Unlimited free InstaPay for qualified Hexagon clients |
| Security Bank | Gold Circle | Unlimited free InstaPay for Gold Circle members |
Digital banks and app-based wallets continue to lead in offering broader free transfer access. Many provide unlimited free PESONet transfers, while others apply monthly or daily quotas for InstaPay before standard fees kick in. A smaller group of digital banks still offer unlimited free transfers on both InstaPay and PESONet, making them practical hubs for users who regularly move funds between accounts.
Unlimited free PESONet transfers
Several digital banks and select traditional banks continue to absorb PESONet fees. PESOnet offers larger amounts of transfer but follows a cutoff time to reflect on same-day transactions.
| Bank or Wallet | PESONet Fee |
|---|---|
| Coins.ph | Free |
| EastWest Bank | Free |
| GoTyme Bank | Free |
| HSBC Philippines | Free |
| Komo by EastWest | Free |
| Maya Savings | Free |
| Netbank Mobile | Free |
| Ownbank | Free |
| UnionBank | Free |
| UnionDigital Bank | Free |
| UNO Digital Bank | Free |
Unlimited free InstaPay transfers
InstaPay, on the other hand, allows a user to instantaneously transfer money to a nominated eWallet or bank account at any given time, with a P50,000 daily limit. These services focus on everyday payments and app-based transfers.
| App or Bank | InstaPay Fee |
|---|---|
| Bayad App | Free |
| BPI BanKo | Free |
| CIMB Bank PH | 2 free InstaPay transfers per day PHP 10 per InstaPay beyond daily limit |
| GoTyme Bank | 20 free InstaPay transfers per month Standard InstaPay fee applies after quota |
| MariBank | 15 free InstaPay or PESONet transfers per week PHP 15 per transfer thereafter |
| Metrobank eSavings | 4 free InstaPay transfers per month via rebate Standard InstaPay fee after rebate limit |
| Netbank Mobile | Free |
| Ownbank | Free |
| UnionDigital Bank | Free |
| Vybe by BPI | Free |
Things to keep in mind for 2026
Free transfers are often tied to account type, balance requirements, or promotional terms. Some banks may still apply limits under fair use policies even if transfers are labeled unlimited. PESONet transfers remain batch-based and are not real-time, unlike InstaPay.
Before relying on any bank as a transfer hub, it is best to review the app’s fee table and latest advisories. These can be subject to change throughout the year, and we’ll do our best to update them as soon as we can.
Data compiled with reference to updates shared by the Digital Banks PH Community on Facebook. Visit their page or join their Facebook group for more information.
