CIMB offers FREE Transfers with InstaPay and PESONet
Leading digital banking services provider CIMB Bank
Philippines now offers InstaPay on the CIMB Bank PH app. Users can now easily
transfer as much as PHP 50,000 to and from their CIMB savings accounts with no
delays and at no cost.
With this, CIMB customers can now enjoy the following
features:
- FREE transfers. CIMB does not charge any fees for all InstaPay
transfers.
- Real-time and
available 24/7. Through InstaPay,
CIMB customers can easily transfer and receive funds using their CIMB accounts
at any time of the day. There are no cut-offs and wait-times, but both senders
and receivers must also be a participating InstaPay institution to enjoy
instant transfers.
- Send and receive from
various multiple banks and e-wallets. With InstaPay, CIMB customers can send or receive
funds from over 60 participating banks and e-wallets.
- Convenient and hassle-free. There is no need to physically go to a bank to perform the transfer. InstaPay transfers can be made entirely from mobile phones using the CIMB Bank PH app.
“Committed to support the BSP’s drive to facilitate
greater adoption of digital transactions, we are excited to finally have InstaPay
on our platform. Our 6 million CIMB customers can now use it to transfer funds
for free and in real-time, giving them more control over their finances,” shares
CIMB Bank Philippines Chief Executive Officer Vijay Manoharan.
With the addition of InstaPay, CIMB customers can opt
to transfer funds on the CIMB Bank PH using either InstaPay or PESONet.
Transfers to participating banks and involving
amounts up to PHP 50,000 may be done through InstaPay. On the other hand, transfers
involving amounts exceeding PHP 50,000 or banks who are not participating InstaPay
institutions can be done via PESONet for free as well.
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