BPI makes P10 InstaPay fee permanent

Bank of the Philippine Islands (BPI) has permanently set its InstaPay transfer fee to P10 for interbank transactions via its mobile app and BPI Online.

The lower fee was initially implemented as a promotion from March 7 to May 31 to boost digital platform usage.

BPI head of consumer banking Maria Cristina Go stated that the promotion received overwhelmingly positive feedback, leading to increased transactions.

Making the P10 fee permanent aligns with BPI's commitment to providing convenient, secure, and cost-efficient digital financial services.

This decision follows BPI's earlier removal of the 'Load E-Wallet' service for GCash and Maya, which previously encouraged transfers via InstaPay at a P25 fee.

The bank's net income reached P16.6 billion in the first quarter of 2025, marking a 9 percent increase year-on-year.