Metropolitan Bank & Trust Co. (Metrobank) reduced its InstaPay transfer fee to ₱8 per transaction starting Feb. 1, 2026, from the previous ₱25 fee, lowering the cost of sending money through the electronic funds transfer service.
“By lowering our InstaPay fee to ₱8, we are making digital payments more convenient for our customers,” Ramon Del Rosario, consumer business sector head of Metrobank, said. “It’s about supporting Filipinos in their day-to-day financial needs.”
The reduced fee supports Metrobank’s move to make digital banking easier and more affordable for clients using its online and mobile platforms. The lower cost allows customers to transfer funds instantly for daily needs such as household expenses, bill payments, and small business transactions. InstaPay transfers from one Metrobank account to another remain free of charge.
The updated rate places Metrobank among banks offering lower InstaPay transaction fees, as more financial institutions adjust pricing to encourage the use of digital payments.
“We just want our clients to have more options,” Del Rosario said. “Every transaction should be simple, secure, and now, more affordable.”
Last year, Metrobank launched eSavings, a digital deposit account that allows first-time Metrobank deposit clients to open an account, save, and manage their funds through digital channels. The account requires a ₱2,000 minimum maintaining balance and provides access to features that allow users to monitor and manage their savings.
Clients can access lower InstaPay fees and free Metrobank-to-Metrobank transfers through the Metrobank app or by visiting any Metrobank branch to open an account.