GoTyme Bank has introduced a new policy granting all its customers 20 free InstaPay transfers per month to nearly all banks and e-wallets—significantly undercutting the P15 to P25 fees typically charged by traditional banks and digital wallets for similar services.
Effective 1 September, the digital bank—one of the fastest-growing in the country—automatically renews the free transfers at the start of each month. Any additional InstaPay transaction beyond the 20th is charged a reduced fee of P9, which can also be paid using GoRewards points. PesoNet transfers remain entirely free.
Positioning the move as a permanent offering rather than a promotional gimmick, GoTyme emphasized that the initiative aims to eliminate friction in everyday transactions and promote greater financial flexibility. The policy marks a notable shift in the digital banking landscape, enhancing cost efficiency for both individual users and businesses managing regular interbank or e-wallet transactions.
