Security Bank makes InstaPay, PESONet transfers free for all customers

• Photo courtesy of Security Bank

Security Bank has extended free InstaPay and PESONet fund transfers to all its customers starting July 10, 2026, expanding a benefit that was previously available only to select client segments.

In an advisory, Security Bank said InstaPay and PESONet fund transfers are now free for every Security Bank customer, making it easier for clients to send money without paying transfer fees.

The bank said free fund transfers had been available to Gold Circle and Wealth clients since 2021, and to Corporate and Business Banking clients since 2022.

“Starting July 10, InstaPay and PESONet fund transfers are now free for all Security Bank customers,” the bank said.

Security Bank said the move is part of its effort to make everyday banking simpler, more convenient, and more rewarding as it marks 75 years of serving Filipinos.

The latest announcement adds to the growing number of Philippine banks removing or lowering digital fund transfer fees as customers continue to demand cheaper and more convenient ways to move money online.

InstaPay is commonly used for real-time fund transfers, while PESONet is used for batch electronic transfers, including larger transactions and payments processed within banking hours.