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 three (3) 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 3 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.
The Benefits of Using PESONet
- 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
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. You may check with the respective financial institutions to confirm the acceptable account types.
3. When is the service available?
PESONet service via DigiBanker is available 24/7. However, 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 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?
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 1:00 PM | 1:00 PM |
| 12:50 PM |
|
On or before 4:00 PM | 4:00 PM |
| 3:50 PM |
|
On or before 7:00 PM | 11:00 PM |
*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.
PESONet transactions approved beyond the 03:50 PM cut-off, including those that were approved during weekends and holidays, will be included in the first cut-off (09:50 AM, Philippine Time) of the next banking day.
For failed/rejected PESONet transactions, funds shall be credited back by the end of the next banking day.
PESONet transactions duly created and approved cannot be cancelled.
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.
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?
PHP0.00 to PHP15.00, depending on the arrangement with the client as covered by an agreement. Please coordinate with your Sales Manager or Branch of Account.
For non-individual clients transacting via DigiBanker, fees are temporarily waived until further notice. Transactions done via client’s own front-end system (or those API-based clients) are excluded from this offering. Please refer to Fullyloaded Promo | Security Bank Philippines.
15. How will the transaction fees be collected?
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.
For inquiries and assistance, please contact our Customer Service Hotline:
+632 8887-9188
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.)