The Philippines is still reeling and recovering from the effects of the COVID-19 pandemic and the soaring prices of Oil in the world market, it’s important that we lessen and cushion the impact in our local market. With this, the Banko Sentral ng Pilipinas (BSP) has released an updated list of banks with waved PESONet and InstaPay fees to at least for 2022.
A couple of banks have extended the duration of waved fees when you transact with them through PESONet and InstaPay services. You can check the list below.
Updated April 1, 2022.
Banks with waived PESONet fees
Until March 31, 2022
- EastWest Rural Bank
- DBP (over-the-counter)
- Equicom Savings Bank (retail clients)
Until April 30, 2022
- Country Builders Bank
Until July 22, 2022
- Rural Bank of Guinobatan
Until December 31, 2022
- CIMB Bank Philippines
- Bank of China
- HSBC (HSBC clients)
- EastWest Bank
- HSBC Savings Bank (retail clients)
- Philippine Business Bank, Inc.
- ING Bank, N.V.
- Tonik Digital Bank, Inc.
- Philippine Business Bank, Inc.
- Union Bank (retail clients)
Banks with waived InstaPay fees
Until February 14, 2022
- GrabPay
- EastWest Rural Bank
- Equicom Savings Bank (retail clients)
Until July 22, 2022
- Rural Bank of Guinobatan
Until December 31, 2022
- ING Bank, N.V.
