Rizal Commercial Banking Corporation (RCBC) will begin offering free InstaPay transfers through its RCBC Pulz and DiskarTech mobile banking platforms starting July 4, as banks continue expanding fee-free digital payment services.
Under the new policy, RCBC Pulz users can make up to 30 free InstaPay transfers each month, provided each transaction is worth at least ₱100.
DiskarTech users, meanwhile, will continue to enjoy unlimited free InstaPay transfers, subject to the app’s daily transaction limit of ₱499,999.99.
InstaPay allows customers to transfer funds in real time between participating banks and electronic money issuers nationwide.
The move comes as digital payments continue to gain traction in the Philippines, with banks and financial institutions introducing lower-cost services to encourage wider adoption of cashless transactions.
By removing transfer fees, RCBC aims to make digital banking more accessible while giving customers greater flexibility in managing everyday financial transactions through its mobile platforms.
Expanding digital banking services
The latest initiative builds on RCBC’s ongoing efforts to strengthen its digital banking offerings through both RCBC Pulz and DiskarTech, its financial inclusion platform.
For customers, the removal of transfer fees could translate into lower transaction costs, particularly for individuals and small businesses that frequently move funds between different banks.
The announcement also follows a broader industry trend toward reducing the cost of digital payments as financial institutions compete to attract and retain users in an increasingly digital banking landscape.
As more Filipinos rely on mobile banking apps for payments, transfers, and savings, fee-free services are becoming an increasingly important differentiator among banks seeking to expand their digital customer base.
Free InstaPay transfers boost digital banking accessibility
IMAGE CREDIT: RCBC
RCBC‘s latest move comes as banks continue competing to make digital transactions more affordable for consumers. With mobile banking now used for everything from paying bills to transferring money and managing savings, transaction fees have become an increasingly important consideration for many Filipinos.
The removal of InstaPay fees also aligns with broader efforts across the financial sector to encourage greater use of digital payments by lowering the cost of everyday banking. Financial institutions have been rolling out similar initiatives as competition intensifies and customers expect faster, more convenient services through mobile apps.
For consumers, the change means greater flexibility when moving funds between banks without incurring additional costs, particularly for frequent users of digital payment services. It also reflects the industry’s continued shift toward making cashless transactions a more practical option for everyday financial activities.
As digital banking adoption continues to grow nationwide, fee-free fund transfers are increasingly becoming a key feature banks use to attract and retain customers in an increasingly competitive market.
