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Fees

This document summarizes transfer fees charged by various Philippine banks through digital channels. It lists the name of each bank and the fees charged to individual and corporate customers. Fees range from free to P500 for individuals and free to P500 for corporates. Some banks charge flat fees while others have tiered fees depending on transfer amount. The fees provide an overview of costs of digital transfers between accounts for customers of different banks in the Philippines.
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0% found this document useful (0 votes)
113 views2 pages

Fees

This document summarizes transfer fees charged by various Philippine banks through digital channels. It lists the name of each bank and the fees charged to individual and corporate customers. Fees range from free to P500 for individuals and free to P500 for corporates. Some banks charge flat fees while others have tiered fees depending on transfer amount. The fees provide an overview of costs of digital transfers between accounts for customers of different banks in the Philippines.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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s Summary of Corresponding Transfer Fees through Digital Channels

Based on the Latest Disclosures of BSP Supervised Financial Institutions (BSFIs) as of 30 April 20231/
Individual Corporate
Name of BSP Supervised Financial Institutions
AllBank (A Thrift Bank), Inc. P25.00 P15.00 P25.00 P15.00
Asia United Bank Corporation P8.00 P8.00 P8.00 P8.00
2/
Australia and New Zealand Banking Group, Limited ** ** P0.00 – P400.00 **
Bank of America, N.A. ** ** P20.00 - P100.00 **
Bank of China (Hongkong) Limited - Manila Branch P30.00 P20.00 P30.00 **
Bank of Commerce P15.00 P15.00 P25.00 P25.00
Bank of the Philippine Islands P50.00 P25.00 P50.00 P25.00
3/
BDO Unibank, Inc. ** P10.00 - P25.00 P0.00 – P50.00 P25.00
BOF, Inc. (A Rural Bank) P50.00 ** P50.00 **
BPI Direct BanKO, Inc., A Savings Bank FREE P25.00 P50.00 FREE
Camalig Bank, Inc. P20.00-P500.00 P15.00 P20.00-P500.00 P15.00
Card Bank, Inc. (A Microfinance-Oriented Rural Bank) ** P12.00 ** P12.00
Card SME Bank, Inc., A Thrift Bank ** P12.00 ** P12.00
Cathay United Bank Co., Ltd. - Manila Branch P200.00 ** P200.00 **
Cebuana Lhuillier Rural Bank, Inc. P50.00 P15.00 P50.00 P15.00
China Bank Savings, Inc. P20.00 P10.00 P50.00 P10.00
China Banking Corporation P20.00 P10.00 - P15.00 P50.00 P25.00
CIMB Bank Philippines, Inc. FREE FREE FREE FREE
Citibank, N.A. ** ** P100.00 **
Country Builders Bank, Inc. (A Rural Bank) FREE ** FREE **
CTBC Bank (Philippines) Corporation P25.00 P15.00 P25.00 **
DCPay Philippines, Inc. FREE P10.00 P5.00 P10.00
2/
Deutsche Bank AG ** ** P10.00 - P100.00 **
Development Bank of the Philippines P10.00 P10.00 P10.00 P10.00
Dungganon Bank, (A Microfinance Rural Bank) Inc. P10.00 P10.00 P10.00 P10.00
East West Banking Corporation FREE P10.00 FREE P10.00
East West Rural Bank, Inc. ** P8.00 ** **
Equicom Savings Bank, Inc. P15.00 P15.00 P15.00 P15.00
First Consolidated Bank, Inc. (A Private Development
Bank)2/ P25.00–P600.00 ** P25.00–P600.00 **
Gpay Network PH, Incorporated ** P15.00 ** **
G-Xchange, Incorporated ** P15.00 ** **
HSBC Savings Bank (Phils), Inc. FREE ** ** **
JP Morgan Chase Bank, N.A. ** ** P0.00 - P125.00 **
KEB Hana Bank – Manila Branch $5.00 ** $5.00 **
Land Bank of the Philippines P15.00–P150.00 P25.00 P10.00–P150.00 P25.00
Malayan Savings Bank, Inc. P50.00 P15.00 ** **
Maya Bank, Inc. FREE P15.00 FREE FREE
Maya Philippines Incorporated ** P15.00 FREE **
Maybank Philippines, Incorporated ** P10.00 P30.00 **
Mega International Commercial Bank Co., Ltd. $10.00 ** $10.00 **
Metropolitan Bank and Trust Company P50.00 P25.00 P50.00 **
Mizuho Bank, Ltd. – Manila Branch ** ** P50.00 **
MUFG Bank, Ltd. ** ** P250.00 **

File Ref No. PPDD-202305-125-Eml-CO


PayMongo Payments, Inc. FREE *** FREE **
2/
Philippine Bank of Communications P15.00–P500.00 P20.00 P15.00–P500.00 P20.00
Philippine Business Bank, Inc., A Savings Bank FREE * FREE *
Philippine National Bank P20.00 P20.00 P50.00 P15.00
Philippine Savings Bank P50.00 P15.00 P50.00 **
2/
Philippine Trust Company P25.00 – P50.00 P15.00 P25.00 – P50.00 **
Producers Savings Bank Corporation ** P25.00 ** P25.00
Queen City Development Bank, Inc. ** P10.00 ** P10.00
Rizal Commercial Banking Corporation P10.00 P8.00 – P25.00 P10.00 P15.00
Robinsons Bank Corporation P20.00 P10.00 P20.00 P25.00
4/
Rural Bank of Guinobatan, Inc. FREE FREE FREE FREE
SeaBank Philippines, Inc. (A Rural Bank)5/ FREE FREE FREE FREE
6/
Security Bank Corporation ** P25.00 P0.00 - P15.00 P0.00 - P20.00
Shinhan Bank – Manila Branch P100.00 ** P100.00 **
ShopeePay Philippines, Inc. ** P15.00 ** **
Standard Chartered Bank ** ** P50.00 P25.00
StarPay Corporation ** P15.00 ** P15.00
Sterling Bank of Asia, Inc. (A Savings Bank) P15.00 P15.00 P15.00 P15.00
Sumitomo Mitsui Banking Corporation – Manila
Branch ** ** P250.00 **
Sun Savings Bank, Inc. ** P10.00 ** P10.00
TayoCash, Inc. P5.00 P12.00 P5.00 P12.00
The Hongkong & Shanghai Banking Corporation FREE ** P50.00 **
Tonik Digital Bank, Inc. FREE FREE FREE FREE
Union Bank of the Philippines FREE P10.00 P25.00 P30.00
United Overseas Bank Limited, Manila Branch7/ ** ** Min. P775.00 **
2/
Wealth Development Bank Corporation P30.00–P100.00 P15.00 P30.00–P100.00 **
Zybi Tech, Incorporated P30.00 P8.00 P30.00 P8.00

*Receiver only
**Service not available
1/ Participants that currently offer PESONet over-the-counter (OTC) were no longer included in the list.
2/ Fees are tiered depending on the amount of transaction
3/ Up to 30 June 2023, InstaPay Fee for BDO Pay and BDO Online shall be PHP 10.00. BDO Digital Banking and BDO Personal Online Banking will remain to be
PHP 25.00.
4/ Waiver of fees until 30 June 2023
5/ Free for first 15 sending transactions per week (PESONet and InstaPay combined) P15.00 per transaction thereafter.
6/ Fees are temporarily waived for non-individual account via DigiBanker due to on-going promo from 01 December 2022 to 31 December 2023. Clients with
proprietary front-end system or those API-based clients are exempted from this promo.
7/ Commission, ¼ of 1% of remittance amount, min. of PHP 675 plus cable charge (PHP 100 for peso deposits; PHP 500 or its dollar equivalent for USD
deposits.)

File Ref No. PPDD-202305-125-Eml-CO

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