PSBank makes InstaPay, PESONet transfers free via mobile, online channels

• Photo from PS Bank

PSBank customers can now send money for free through InstaPay and PESONet using PSBank Mobile or Online.

In a social media announcement, the bank said the service is now “free,” allowing clients to transfer funds digitally without paying transaction fees.

“LIBRE NA! Libre na ngayon ang InstaPay and PESONet transfers via PSBank Mobile and Online,” PSBank said in its post.

The move makes digital fund transfers more affordable for PSBank users, especially those who regularly send money to other banks and e-wallets.

InstaPay is commonly used for real-time transfers, while PESONet is used for batch fund transfers that are usually credited within the same banking day, depending on the receiving bank’s processing time.

PSBank encouraged customers to download and use the PSBank Mobile app to access the service.

The bank also reminded depositors that deposits are insured by the Philippine Deposit Insurance Corporation up to ₱1 million per depositor and that PSBank is regulated by the Bangko Sentral ng Pilipinas.