With InstaPay, you can now transfer funds in real-time between accounts of participating BSP-supervised banks and non-bank e-money issuers in the Philippines. It is an electronic fund transfer (EFT) service where you can transfer money electronically and make the funds available to their recipient instantly.
To send money via InstaPay, customers need to access their bank’s or e-money issuer’s mobile app or internet banking facility, choose to send to another institution via InstaPay, and provide the required details. Here's a list of InstaPay participating institutions for your reference (as of 31 May 2020): (Source: BSP)
SENDER AND RECEIVER
1. Asia United Bank Corporation
2. Bank of Commerce
3. Bank of the Philippine Islands
4. BDO Unibank, Inc.
5. China Banking Corporation
6. CTBC Bank (Philippines) Corporation
7. East West Banking Corporation
8. Land Bank of the Philippines
9. Maybank Philippines, Inc.
10. Metropolitan Bank and Trust Company
11. Philippine Bank of Communications
12. Philippine National Bank
13. Philippine Trust Company
14. Rizal Commercial Banking Corporation
15. Robinsons Bank Corporation
16. Security Bank Corporation
17. Union Bank of the Philippines
18. United Coconut Planters Bank
RECEIVER ONLY
1. Development Bank of the Philippines
2. ING Bank N.V.
3. Philippine Veterans Bank
Reference: http://www.bsp.gov.ph/payments/nrps_ach.asp
SENDER AND RECEIVER
1. AllBank, Inc.
2. BPI Direct BanKO, Inc.
3. China Bank Savings, Inc.
4. Equicom Savings Bank, Inc.
5. Malayan Bank Savings and Mortgage
Bank, Inc.
6. Philippine Savings Bank
7. Sterling Bank of Asia, Inc.
8. Sun Savings Bank, Inc.
RECEIVER ONLY
1. ISLA Bank, Inc.
2. Philippine Business Bank, Inc. 3. PNB Savings Bank
4. UCPB Savings Bank, Inc.
5. Wealth Development Bank Corporation
Reference: http://www.bsp.gov.ph/payments/nrps_ach.asp
SENDER AND RECEIVER
1. Cebuana Lhuiller Rural Bank, Inc.
2. Dungganon Bank, Inc.
3. East West Rural Bank, Inc.
RECEIVER ONLY
1. Bangko Mabuhay, Inc.
2. BDO Network Bank, Inc.
3. Partner Rural Bank (Cotabato), Inc.
4. Quezon Capital Rural Bank, Inc.
Reference: http://www.bsp.gov.ph/payments/nrps_ach.asp
SENDER AND RECEIVER
1. DCPay Philippines, Inc.
2. G-Xchange, Inc. (GXI)
3. PayMaya Philippines, Inc.
RECEIVER ONLY
1. OmniPay, Inc.
Reference: http://www.bsp.gov.ph/payments/nrps_ach.asp
For customers with Metrobank Online Banking accounts, below is the step-by-step guide on how to fund your PayMaya account via InstaPay in Metrobank Mobile Banking app.
No Metrobank Mobile app yet?
If you do not have Metrobank Mobile Banking app yet, you can download it using Google Play for Android phones or download in the Apple Store for iPhone and iPad users. Click the icon below and it will be directed to Metrobank Mobile Banking mobile app. You can also find this mobile app by typing Metrobank Mobile Banking in Google Play or Apple Store search tab.
You can also view the complete quick guide below to sign-up an account using Metrobank Mobile Banking App.
How to download and install Metrobank Mobile Banking app
Transfer to other Bank - PayMaya
1. Open the Metrobank Mobile app. Enter your Username and Password. Tap the LOGIN button to go to your account.
2. On the left side menu, press the TRANSFER TO OTHER BANK option.
3. To transfer to a non-Metrobank Account, two options are available: InstaPay and PesoNet. For this tutorial, InstaPay will be used. Select that option to continue.
Note: Service Charge using Instapay has been waived during the ECQ or Lockdown period.
4. For One-Time Transfer, press the TRANSFER button.
5. Select PAYMAYA for the Bank Name. Then, enter the details of the bank account and other information required for the transfer. Tap the NEXT button for the next step.
6. Select the source account for your money transfer.
7. Enter the amount to be transferred. The maximum limit for daily transaction per source account is PhP 50,000.00. Then, tap the NEXT button.
8. Review the details of the transaction. You can add some remarks or message to recipient. Then, press the SUMBIT button to process the transfer.
Note: Service Charge using Instapay has been waived during the ECQ or Lockdown period.
9. A One-Time Password (OTP) will be sent to your mobile number via SMS. Enter the 6-digit OTP and tap the SUMBIT button. Or, if your OTP Generator has been activated, it will automatically generate an OTP.
10. Now, the transaction is in-process. An SMS will be received once the transaction is successful. A reference number is also generated for the transaction.
11. Once the payment has been successful, you can check your PayMaya account if the money has been added to your fund.
