Metrobank lowers PESONet fee for online bank transfers

Starting November 2, 2021, Metrobank will reduce PESONet fees from PHP 100.00 to PHP 50.00 per transaction on Metrobank Online and the Metrobank Mobile App.

PESONet lets you send up to PHP 200,000.00 a day to electronic channels of partner Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions (BSFI). 

Cutoff for PESONet transfers is at 3 PM. Transactions after the cutoff will be processed the next banking day. 

PESONet is an online bank transfer solution that can be used by small to large businesses to facilitate secure and convenient payments for salaries, supplier, government goods and services, and other similar transactions. 

Read this article for the complete list of Metrobank’s PESONet and InstaPay partner institutions.