Bank of the Philippine Islands (BPI) has waived PESONet transfer fees for transactions made through the Pay Non-BPI disbursement feature of BPI BizLink, giving corporate clients a way to send funds to other banks at no cost.
The Sy family-controlled Banco de Oro Unibank Inc. (BDO), the country’s largest bank, has waived fees for InstaPay and PESONet transfers made through its BDO Online and BDO Pay platforms, joining a growing number of Philippine banks removing charges for digital fund transfers.