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MANILA, Philippines – EastWest Banking Corp. will waive InstaPay transfer fees through its EasyWay and Komo digital banking platforms starting July 15, becoming the latest lender to offer free electronic fund transfers.
In a statement, the Gotianun-led bank said PESONet transfers will remain free for all EastWest clients, while InstaPay transfers through EasyWay and Komo will also become free beginning July 15.
READ: Go hopeful more banks will scrap transfer fees
EastWest said the move supports the Bangko Sentral ng Pilipinas’ (BSP) push to encourage wider adoption of inclusive digital payments.
