GoTyme Bank said Wednesday it is offering 20 free InstaPay transactions per month to all customers starting on Sept. 3, making money transfers more affordable.
The bank said the initiative is a permanent feature, not a limited-time promotion, aimed at simplifying everyday banking.
“On the first of every month, the 20 free transfers automatically refresh, allowing customers to send money to any bank or e-wallet without worrying about charges,” the bank said in a statement.
After a customer uses the 20 free monthly transfers, each additional InstaPay transaction will cost P9, which can also be paid with GoRewards points. The move removes the usual P15 to P25 InstaPay fee charged by many e-wallets and traditional banks. GoTyme Bank will also continue to offer free PesoNet transfers.
“By offering 20 free transfers every month, GoTyme Bank takes another big step toward its mission of removing friction in everyday transactions and unlocking the financial potential of Filipinos through simple, beautiful banking,” the company said.
