Metrobank is cutting its InstaPay transfer fees to PHP 8 per transaction starting February 1, 2026. The new rate is a big drop from PHP 25, making it one of the lowest fees among local banks.
For those unfamiliar, InstaPay is an electronic fund transfer service that lets you send money instantly between banks and e-wallets. With the reduced fee, Metrobank customers can now move funds more affordably when paying bills, covering household expenses, or running small businesses.
Transfers between Metrobank accounts remain free. The lower Metrobank InstaPay fee applies only to transactions sent to other banks and financial platforms.
Metrobank has been expanding its digital services as more people shift to cashless transactions. Last year, it launched eSavings, a fully digital deposit account for first‑time clients. The account requires a minimum deposit balance of PHP 2,000 and comes with benefits like free Metrobank-to-Metrobank transfers and access to the reduced InstaPay fee.
Opening an eSavings account can be done through the Metrobank App, available on the Apple App Store, Google Play Store, and Huawei App Gallery, or by visiting a branch.
Also Read: You can now pay EDSA Busway fares using GCash
The lower transfer fees could help drive competition among banks and e-wallet providers. This means cheaper transfers for customers and stronger support for digital payments from financial institutions.
