BPI reduces InstaPay interbank transfer fee to P10

MANILA. The Bank of the Philippine Islands (BPI) has announced a reduction in its InstaPay interbank transfer fee, lowering it from P25 to P10 per transaction. The reduced cost will be effective from March 7 to May 31, 2025.

According to BPI, the move aims to make digital banking more affordable and accessible for customers. “We want to encourage more Filipinos to embrace digital transactions by offering lower fees and seamless banking services,” the bank stated.

BPI also offers real-time, 24/7 fund transfers through popular digital wallets such as GCash and Maya. Customers can take advantage of the reduced fee by using the BPI mobile app or its online banking platform.

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