Bank of the Philippine Islands (BPI) said it is making digital transactions more convenient and affordable by reducing its InstaPay interbank fund transfer (IBFT) fee.
It said that from March 7, 2025 to May 31, 2025, BPI’s InstaPay IBFT fee would be reduced from P25 to P10 per transaction.
“By lowering the fee, BPI aims to make fund transfers even more accessible and cost-effective, encouraging more customers to embrace the ease and convenience of digital banking,” it said.
The bank said to further enhance the digital banking experience of its customers, it is integrating InstaPay, enabling real-time, 24/7 fund transfers across platforms like GCash and Maya. With the seamless integration, customers can transfer funds quickly, securely and effortlessly.
Customers can take advantage of the reduced fee via the BPI mobile app or online banking platform, the bank said.