What is PESONet?
PESONet is a non-time sensitive fund transfer service under the National Retail Payment System (NRPS) of the Bangko Sentral ng Pilipinas that allows you to send Philippine Peso funds to accounts in participating banks and non-banks in the Philippines. Transactions submitted and approved within the cut-off time are batch processed for credit within two (2) hours after the cut-off. Click here to read FAQs
Efficient
Make your collections process simpler and more secure.
Faster crediting time
Crediting to beneficiary accounts within 2 hours.
Flexible transaction amount
Transfer any amount per transaction.
Safe and secure
No need to issue checks or physically deposit large amounts of money to other banks.
Batch transfer
Conveniently disburse multiple transactions in batches.
How Does PESONet Work?
Customers using PESONet can use their bank or non-bank’s mobile app or online facility to send money to another account with another participating institution (e.g., Metrobank Online to BPI Online). You just need to provide the receiver’s financial institution, account number, and the amount to be transferred to the clearing switch operator, which currently is the Philippine Clearing House Corporation (PCHC).
The funds are then settled in their respective financial institution’s demand deposit accounts. These accounts are held in Bangko Sentral ng Pilipinas (BSP)’s Philippine Payments and Settlement System (PhilPaSS). Upon settlement, the fund will be credited to the receiver’s account within the same banking day.
The Benefits of Using PESONet
- Cross-selling of products such as loans, deposits, insurance products, and investments
- Digital innovation in the delivery of financial services
- Secure way to transfer salaries to employees
- Improved efficiency in fund transfer
- No fees deducted for the receiver
- Can be used as an alternative to check payments
- Reduce cost for check payments
List of PESONet Banks and Financial Institutions in the Philippines
As of January 31, 2022, there are 94 Participating PESONet members. The following banks and financial institutions allow PESONet transfer transactions:
Commercial and Universal Banks
- Mabuhay, Inc.
- Bangko Nuestra Señora del Pilar, Inc.
- Bank of Florida, Inc.
- BDO Network Bank, Inc.
- Biñan Rural Bank, Inc.
- Camalig Bank, Inc.
- Cantilan Bank, Inc.
- Cebuana Lhuillier Rural Bank, Inc.
- Community Rural Bank of Romblon
- Cooperative Bank of Quezon Province
- Country Builders Bank, Inc.
- Dungganon Bank, Inc.
- East West Rural Bank, Inc.
- Guagua Rural Bank, Inc.
- Innovative Rural Bank, Inc.
- Laguna Prestige Banking Corporation
- Money Mall Rural Bank, Inc.
- MVSM Bank (Rural Bank), Inc.
- Rang-Ay Bank, Inc.
- RBT Bank, Inc.
- Rural Bank of Bauang, Inc.
- Rural Bank of Digos, Inc.
- Rural Bank of Guinobatan, Inc.
- Rural Bank of Lebak (Sultan Kudarat), Inc.
- Rural Bank of Montalban, Inc.
- Rural Bank of Porac (Pampanga), Inc.
- Rural Bank of Rosario (L.U.), Inc.
- Rural Bank of Sta. Ignacia, Inc.
- Tonik Digital Bank, Inc.
Thrift Banks
- AllBank, Inc.
- Bangko Kabayan, Inc.
- Bank of Makati, Inc.
- BanKo, A Subsidiary of BPI
- China Bank Savings, Inc.
- Dumaguete City Development Bank, Inc.
- Equicom Savings Bank, Inc.
- First Consolidated Bank, Inc.
- HSBC Savings Bank, Inc.
- Malayan Bank Savings and Mortgage Bank
- Philippine Business Bank, Inc.
- Philippine Savings Bank
- Producers Savings Bank Corporation
- Queen City Development Bank
- Sterling Bank of Asia, Inc.
- Wealth Development Bank Corporation
- Yuanta Savings Bank Philippines, Inc.
Rural Banks
- Bangko Mabuhay, Inc.
- Bangko Nuestra Señora del Pilar, Inc.
- Bank of Florida, Inc.
- BDO Network Bank, Inc.
- Biñan Rural Bank, Inc.
- Camalig Bank, Inc.
- Cantilan Bank, Inc.
- Cebuana Lhuillier Rural Bank, Inc.
- Community Rural Bank of Romblon
- Cooperative Bank of Quezon Province
- Country Builders Bank, Inc.
- Dungganon Bank, Inc.
- East West Rural Bank, Inc.
- Guagua Rural Bank, Inc.
- Innovative Rural Bank, Inc.
- Laguna Prestige Banking Corporation
- Money Mall Rural Bank, Inc.
- MVSM Bank (Rural Bank), Inc.
- Rang-Ay Bank, Inc.
- RBT Bank, Inc.
- Rural Bank of Bauang, Inc.
- Rural Bank of Digos, Inc.
- Rural Bank of Guinobatan, Inc.
- Rural Bank of Lebak (Sultan Kudarat), Inc.
- Rural Bank of Montalban, Inc.
- Rural Bank of Porac (Pampanga), Inc.
- Rural Bank of Rosario (L.U.), Inc.
- Rural Bank of Sta. Ignacia, Inc.
- Tonik Digital Bank, Inc.
Electronic Money Issuers
- DCPay Philippines, Inc.
- G-Xchange, Inc. (GXI)
- Lulu Financial Services (Phils), Inc.
- PayMaya Philippines, Inc.
- USSC Money Services, Inc.
- Zybi Tech, Inc.
For inquiries and assistance, please contact our Digibanker Helpdesk at:
(02) 888-791-88
Press 1 to agree with the Data Privacy Act clause, press 3, then 2.
PLDT Toll-Free* number: 1-800-888-1250 via PLDT landline for free.
(*Smart and Talk & Text mobile phones will be charged P7.27 per call. The corresponding call charges for other carriers will apply.)
Frequently Asked Questions
1. Why should I use PESONet?
With PESONet, you can conveniently and securely send funds to accounts maintained in other PESONet participating banks and non-banks. We recommend PESONet for transfers that are not time sensitive.
For immediate transfers of up to PHP50,000, we recommend using InstaPay.
2. To whom can I send funds?
To any valid account of participating banks and non-banks. Acceptable account types may vary per bank and some accounts may be restricted.
As of December 31, 2021, there are 94 participating PESONet members.
3. When is the service available?
Crediting to the recipient’s account is on banking days only. Transactions created and approved on weekends and holidays will be processed on the next banking day.
4. What currencies are supported?
PESONet supports Philippine Peso (Php) transfers.
5. How much can I send per transaction?
Unlimited! However, for security reasons, we encourage you to set limits to your transfers based on your company’s requirements and needs. We will also follow your requirement as indicated in your PESONet Supplemental Agreement. The limit per transaction must be within the Daily Aggregate Limit.
6. How much can I transact daily?
We will follow your requirement as indicated in your PESONet Supplemental Agreement.
| Type of Limit | Amount |
|
Daily Aggregate Limit The total amount that you can transact per funding account, per day. |
Client defined. If you need to change this, please contact your Sales Manager. |
|
Limit per Transaction The maximum amount that you can transfer in a single transaction. |
Client defined. If you need to change this, kindly contact your Sales Manager. |
|
Limit per Beneficiary The maximum amount that you can send per beneficiary in a single transaction. |
Optional. You may set this upon beneficiary enrollment. This must be within the Limit per Transaction. |
7. How can I make PESONet transactions in DigiBanker?
You may initiate PESONet transfers in four ways:
- manual entry in the Transfers module
- batch upload in the Transfers module
- Shared Folder Transfer Protocol (SFTP)
- Application Program Interface (API).
To setup batch upload, SFTP, or API mode of transmission, please contact your Sales Manager.
8. Do I need to enroll PESONet beneficiaries?
Enrollment of beneficiaries are optional.
9. What are the cut-off times for same-day crediting?
Effective 24 January 2022, Philippine Clearing House Corporation (PCHC) will be implementing two (2) clearing and settlement cycles for PESONet. This will allow you to send twice a day transaction to participating banks and non-banks with same-day credit to the beneficiary account. Below are the cut-off times to be observed in DigiBanker:
| Cut-off* | Covered Transactions | Crediting Time | Availability of Final Status in DigiBanker** |
| 9:50 AM |
|
On or before 12:00 NN | 3:00 PM onwards |
| 3:50 PM |
|
On or before 6:00 PM | 11:00 PM onwards |
*Transactions must be fully-approved in DigiBanker before cut-off.
**Availability of final status in DigiBanker is dependent on the status feedback as provided by the Receiving Financial Institution.
Transfers that are fully approved beyond 3:50 PM will be included on the 9:50 AM cut-off the next banking day.
For PESONet transactions received via branches, cut-off is at 2:00PM.
10. How do I know if the funds have been successfully credited to the recipient’s account?
You will see a “Posted / Processed” status on Digibanker based on the above-mentioned schedule.
11. Is it possible for a transaction to be Rejected?
Yes. For example, if the funding account is insufficient or the beneficiary account is invalid, the transaction will be rejected.
12. What does each transaction status mean?
| PESONet Status | Meaning |
| Pending for Verification/Approval | The transaction is not yet fully approved by your company’s authorizers. |
| Posted / Processed | Successful. The amount is credited to the beneficiary account. |
| Rejected |
Unsuccessful. The amount is not credited to the beneficiary account. The rejected amount will be credited back to the funding account in 1 to 2 banking days. |
| Suspect | Status “unknown”. The transaction needs further verification and is subject to reconciliation by the bank before reprocessing. |
| Queued Awaiting Processing | Transactions that were fully approved between 9:00PM to 8:00AM. While this is the status, no amount will be debited from your funding account. Debiting will happen the next banking day at around 8:00AM to 9:00AM. |
13. What happens if I send funds to the wrong account?
Successfully processed PESONet transactions are final. If funds are sent to the wrong beneficiary account, retrieval is only on a best effort basis. Retrieval request is subject to processing fee of PHP150 per transaction.
Please exercise care in entering the correct amount and recipient’s information. Check the information carefully before allowing the transaction to proceed.
14. How much does PESONet cost?
Please coordinate with your Sales Manager or Branch of Account.
15. How will I be billed for transaction fees?
Fee collection, if applicable, will either be in real-time or on a monthly basis, depending on your company’s arrangement with Security Bank. Please coordinate with your Sales Manager or Branch of Account.