Digital bank GoTyme Bank has started offering its customers 20 free InstaPay transfers every month, beginning Sept. 3.
The free transfers automatically refresh at the start of each month, allowing customers to send money to any bank or e-wallet without fees. After the 20th transfer in a month, each InstaPay transaction will cost ₱9, which can also be paid using GoRewards points.
“By offering 20 free transfers every month, GoTyme Bank takes another step toward its mission of removing friction in everyday transactions and unlocking the financial potential of Filipinos through simple, beautiful banking,” the company said.
GoTyme Bank noted that the new offer removes the usual ₱15 to ₱25 InstaPay charge collected by many e-wallets and traditional banks. PesoNet transfers will continue to be free of charge.
The bank said the move provides customers with more flexibility in managing their money, helping them save on fees while sending funds easily across banks and e-wallets.