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MANILA, Philippines – State-run Land Bank of the Philippines (Landbank) has waived fees for online fund transfers via InstaPay and PESONet starting July 7, joining a growing number of banks making digital transactions more affordable.
In a statement on Monday, Landbank said clients—including overseas Filipinos—using its mobile banking app and iAccess can now transfer funds through InstaPay and PESONet free of charge.
READ: Go hopeful more banks will scrap transfer fees
“By expanding our zero-fee digital framework from government payments to everyday retail transfers, we want to ensure our banking services directly uplift workers, small business owners and overseas Filipinos,” Landbank President and CEO Lynette Ortiz said.
