PNB waives InstaPay, PESONet fees starting July 10

MANILA, Philippines – Philippine National Bank (PNB) will waive InstaPay and PESONet fees for domestic fund transfers made through PNB Digital starting July 10, joining a growing list of banks that have eliminated online transfer charges.

READ: Go hopeful more banks will scrap transfer fees

In a social media advisory on Wednesday, the Lucio Tan-led bank said the waiver marks its 110th anniversary and allows customers to enjoy free digital fund transfers beginning Friday.

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READ: BSP clears way for digital transaction fee hikes; Go wants charges lowered to P2-P5

The move makes PNB the latest lender to scrap transfer fees as banks align with the Bangko Sentral ng Pilipinas’ push for more affordable digital payments. /pai INQ

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