28 Sep GCash, PayMaya, BPI, BDO, & Many Others To Start Charging Online Bank Transfer Fees Starting October 1
Mga higala! E-wallet apps like GCash and PayMaya, as well as banks like BPI and BDO, will be resuming fees for online interbank fund transfers starting this October 1, 2020!
ICYDK, all bank fees were temporarily waived earlier this year due to the COVID-19 pandemic.
The following are the e-wallets and online bank services that will be charging fees for bank transfers (via InstaPay and PESONet):
| GCash | P15 |
| PayMaya | P15 |
| BPI | P50 |
| BDO | P50 |
| Bank of Commerce | P10 |
| Equicom Savings Bank, Inc. | P15 |
| Metrobank | P25 |
| Philippine Bank of Communications | P1 |
| Rizal Commercial Banking Corporation (RCBC) | P10-P15 |
Meanwhile, the following banks will continue to waive their bank transfer fees until December 31:
- AllBank
- Asia United Bank
- Development Bank of the Philippines
- EastWest Bank
- HSBC Savings Bank
- Land Bank of the Philippines
- Maybank Philippines
- Philippine Veterans Bank
- Security Bank Corporation
- Standard Chartered Bank
- Sterling Bank of Asia
- The Hongkong & Shanghai Banking Corporation – fees for corporate accounts reduced to ₱50
- Union Bank of the Philippines
- United Coconut Planters Bank
For more details, read:
https://www.cnn.ph/business/2020/9/24/InstaPay-PESONet-fees-waiver-deadlines.html
LIST: Banks, Mobile Wallet Inter-Bank charges starting Oct. 1, 2020
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