Landbank has reduced its InstaPay transfer fee for person-to-person (P2P) transactions from P15 to P8, reinforcing its commitment to make digital financial services more affordable and accessible for Filipinos.
New Fee Structure
Effective May 21, 2026, the lower fee applies to P2P fund transfers conducted via the Landbank Mobile Banking App and iAccess. To further benefit customers, the Bank is also offering one free InstaPay transfer per day for transactions amounting to P1,000 and below.
Promoting Digital Economy
The move aims to ease the cost of everyday financial transactions while encouraging broader adoption of secure, fast, and cashless payment channels, in line with President Ferdinand R. Marcos Jr.'s directive to expand access to affordable financial services and accelerate digitalization to support inclusive economic growth.
"Reducing digital transaction costs is a crucial step in bringing more Filipinos into the formal financial system. By making fund transfers more affordable, Landbank is helping empower individuals, families, and small businesses to participate more actively in the digital economy," Finance Secretary and Landbank Chair Frederick Go said in a news release Wednesday, May 20, 2026.
Commitment to Inclusion
Landbank president and chief executive officer Lynette Ortiz underscored the bank's focus on delivering inclusive and cost-efficient digital solutions. "Landbank remains committed to advancing financial inclusion by making digital banking more affordable and accessible. By lowering transaction fees, we are enabling more Filipinos to use secure and convenient digital channels for their everyday financial transactions," Ortiz said.
The bank will soon roll out zero Landbank fees for person-to-government (P2G) payment services for select government transactions, making it easier, faster and more affordable for Filipinos to settle taxes, fees, and other public dues online.
As the country's leading government bank, Landbank continues to champion a more inclusive and cash-lite economy by delivering innovative, accessible and cost-efficient digital financial solutions to the public.
