Press Release
In line with the Bangko Sentral ng Pilipinas (BSP) directive to enhance interoperability and transparency in digital financial services, the Bank of the Philippine Islands (BPI) is adopting InstaPay for all inter-institution cash-in transactions.
Effective October 1, 2025, a standard ₱15 service fee will apply to cash-in transactions made via InstaPay, including those to GCash. This follows earlier implementations for ShopeePay and SeaBank in August, and will similarly apply to other apps as they comply with the BSP directive. The fee covers additional expenses, including clearing costs from BancNet, the designated clearing switch operator for InstaPay.
More affordable and free transfer options available
BPI remains committed to providing customers with accessible and cost-effective digital banking solutions. Clients can continue to enjoy lower fees or zero charges through the following options:
- BPI App: Transfer funds to GCash via InstaPay for only ₱10. Select customer segments and merchant payments continue to enjoy free transfers.
- BPI #MySaveUp (on GSave): Open a BPI #MySaveUp account via the GCash app with no maintaining balance. Funds can be transferred from the BPI app to GSave at zero fees, and then withdrawn to the GCash e-wallet.
This transition ensures compliance with regulatory standards while continuing to offer customers flexible and affordable ways to manage their finances.
