Metrobank Lowers InstaPay Fee to PHP 8 Flat Rate Starting Feb 2026

Metrobank has announced a reduction in its InstaPay transfer fees, implementing a new flat rate of PHP 8 per transaction effective 1 February 2026.

This adjustment marks a shift from the bank’s previous pricing structure as it competes in the digital banking landscape.

Previously, the standard charge for an InstaPay transfer was PHP 25. Over the past year, the bank has offered a temporary waiver for transactions valued at PHP 1,000 and below.

Metrobank will now charge a uniform PHP 8 fee for all InstaPay transfers. This single rate applies to every transaction, irrespective of the value.

Users making small transfers will no longer enjoy the previous fee waiver. Conversely, those moving larger sums will save money compared to the old PHP 25 standard charge.

The bank clarified that the updated fee structure is applicable exclusively to transactions processed through the new Metrobank App.

Customers are advised to update their mobile application to the latest version to ensure the correct charges are applied to their transfers.

This move places Metrobank’s pricing closer to other aggressive players in the local industry, where transfer fees have become a key differentiator.

By standardising the cost at PHP 8, the bank aims to provide a competitive option for frequent digital fund transfers.

Featured image: Edited by Fintech News Philippines based on an image by ninetyninemockup via Freepik.

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