In a major move to accelerate digital financial inclusion, the Land Bank of the Philippines (LANDBANK) announced that it will officially waive all transaction fees for fund transfers made via InstaPay and PESONet starting July 7, 2026.
The zero-fee initiative applies to retail transactions performed through LANDBANK’s primary digital channels: the LANDBANK Mobile Banking App (MBA) and iAccess.
This strategic decision directly responds to the call of LANDBANK Chairman and Finance Secretary Frederick D. Go to make digital financial services more affordable, accessible, and inclusive for all Filipinos. By removing these financial barriers, the state-run lender aims to encourage more citizens to transition to a cash-lite economy.
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Enhanced Cost-Efficiency: Retail clients, small businesses, and overseas Filipinos can now transfer funds without worrying about hidden or recurring transaction charges.
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Convenience at Your Fingertips: Seamless 24/7 money transfers via InstaPay (for real-time, small-value transactions) and PESONet (for larger, same-day transfers) through LANDBANK’s secure digital platforms.
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Empowering MSMEs: Micro, small, and medium enterprises (MSMEs) can optimize their cash flows and digital payment ecosystems with zero added overhead costs.
By making digital banking more practical than traditional cash-handling, LANDBANK reinforces its commitment to serving the unbanked and underserved sectors, ultimately driving economic growth across the country.
Existing LANDBANK account holders can enjoy these zero-fee transfers immediately by updating their LANDBANK Mobile Banking App or logging into their iAccess accounts starting July 7, 2026.
