Bank of the Philippine Islands (BPI) said Monday it will permanently keep the reduced P10 InstaPay fee for inter-bank fund transfers made through the BPI app and BPI Online.
The fee was introduced in March 2025 as a promotional rate to encourage customers to use digital banking.
BPI said that amid strong customer demand and positive feedback, it decided to make the rate permanent.
“We are committed to making banking more affordable to more Filipinos. The response to our promotion reducing InstaPay fee to P10 last March was very positive, as we experienced increased traffic in BPI’s mobile banking channels,” said BPI head of consumer banking Maria Cristina Go.
“We are continuously enhancing our digital services that empower Filipinos to manage their finances more effectively,” she said.
BPI said the lower fee helps support financial inclusion and allows customers to transfer money where it matters most.
The bank also said this move is part of its focus on digital banking and customer needs.
