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Manila Bulletin devider Business devider Banking & Finance devider Landbank lowers InstaPay transfer fee to ₱8, offers free small transfers

Landbank lowers InstaPay transfer fee to ₱8, offers free small transfers

Coming soon: Zero-fee tax, gov't payments

Published May 21, 2026 11:54 am

At A Glance

  • State-run Land Bank of the Philippines (Landbank) has cut its InstaPay transfer fee for person-to-person (P2P) transactions to ₱8 from ₱15, as it moves to lower the cost of everyday digital banking and expand access to cashless financial services.

State-run Land Bank of the Philippines (Landbank) has cut its InstaPay transfer fee for person-to-person (P2P) transactions to ₱8 from ₱15 as it moves to lower the cost of everyday digital banking and expand access to cashless financial services.

Taking effect on Thursday, May 21, the new fee applies to transfers made via Landbank’s mobile banking app and iAccess.

The state-owned lender is also offering one free InstaPay transfer daily for transactions worth ₱1,000 and below.

Landbank said in a May 21 statement that the adjustment forms part of the bank’s push to boost digital adoption and ease transaction costs, aligning with efforts to widen access to affordable financial services.

“Reducing digital transaction costs is a crucial step in bringing more Filipinos into the formal financial system,” Finance Secretary and Landbank Chair Frederick D. Go said.

“By making fund transfers more affordable, Landbank is helping empower individuals, families, and small businesses to participate more actively in the digital economy,” Go added.

Landbank President and Chief Executive Officer (CEO) Lynette V. Ortiz said the move supports the bank’s financial inclusion agenda.

“Landbank remains committed to advancing financial inclusion by making digital banking more affordable and accessible,” Ortiz said.

“By lowering transaction fees, we are enabling more Filipinos to use secure and convenient digital channels for their everyday financial transactions,” she added.

Landbank also plans to roll out zero fees for person-to-government (P2G) payments for select government transactions, allowing users to settle taxes, fees, and other public dues online at no cost.

The bank said the initiative supports its broader goal of promoting a more cash-lite economy through cheaper and more accessible digital financial services. - Derco Rosal

Related Tags

Land Bank of the Philippines (Landbank) Instapay
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