UnionBank has removed InstaPay transfer fees when sending money to other banks or e-wallets through the UnionBank Online app. Customers can now enjoy ₱0 fees for person-to-person fund transfers, making digital payments more affordable.
The UnionBank Online app supports InstaPay and PESONet transfers, UB-to-UB transfers, bills payments, telco load purchases, and in-store payments via QRPh.
With this update, InstaPay transactions to other banks and e-wallets are now free, adding UnionBank to the growing list of institutions offering zero fees.
Other banks have also made similar changes. BPI and RCBC now offer ₱0 InstaPay transfers. Meanwhile, Land Bank lowered its fee to ₱8, while GCash and Maya both reduced theirs to ₱10.
These adjustments are in line with Bangko Sentral ng Pilipinas (BSP) Circular No. 1238, which requires fees to reflect actual processing costs and remain fair and reasonable.
Also Read: BPI removes InstaPay and PESONet transfer fees for good
For users, the impact is clear: sending money across banks and platforms is now cheaper and easier.
