Financial Blog

PESONet (Philippine Electronic Fund Transfer System and Operations Network) is a secure and efficient way to transfer large amounts of money between banks and e-money issuers in the Philippines. Below are quick answers to help you understand how it works and how to use it with confidence. 

1. What is the difference between InstaPay and PESONet? 

2. How much is the transaction fee for PESONet transfers? 

A flat fee of PHP50 applies to each PESONet transfer to other banks or e-money issuers. 

3. When will the recipient receive the funds? 

• Transfers made before 4:00 PM on a banking day: Funds will be credited within the same day. 

• Transfers made after 4:00 PM, on weekends, or on holidays: Funds will be credited on the next banking day. 

4. What types of accounts are eligible for PESONet transfers? 

Only Peso-denominated Savings and Current accounts can send or receive funds via PESONet. Foreign currency and eSecureSavings (eSS) accounts are not eligible. 

5. Will I be notified if my PESONet transaction is successful? 

Yes. You’ll receive two updates: 

• Confirmation when your transaction is sent for processing 

• Success notification (via email and in-app) once the funds are credited to the recipient 

6. What is the maximum amount I can transfer via PESONet? 

You can transfer up to Php 500,000 per day through the Security Bank App using PESONet. 

7. How many PESONet transfers can I make per day? 

You can make unlimited PESONet transfers daily. However, your account’s daily transfer amount is capped for your account’s security.