BPI cuts InstaPay fee to P10 permanently

Bank of the Philippine Islands (BPI) has permanently reduced its inter-bank InstaPay transfer fee from P25 to P10 following positive customer response.

The lower fee, initially introduced as a promotional rate last March, led to an increase in transactions via online and mobile banking channels, reflecting BPI's commitment to providing convenient and cost-efficient digital services for Filipinos.

Maria Cristina Go, BPI's head of consumer banking, stated that the permanent reduction is part of their strategy to encourage the use of digital platforms for financial transactions and make banking more affordable for Filipinos.

BPI's decision comes after strong customer demand and positive feedback during the promotional period, with InstaPay transaction volumes doubling year-on-year in the first four months of 2025.

The move supports greater financial inclusion and helps customers keep more of their money, especially when making frequent interbank fund transfers.