pesonet accredited banks

List of Pesonet Participating Banks

You can send fund transfer to a Philippine account in any of the 40+ participating financial instutions through Pesonet. You can transfer any amount per transaction with the same day credit and no deduction to the payees.

What is PESONet?

PESONet is a new electronic funds transfer service that enables customers of participating banks, e-money issuers, or mobile money operators to transfer funds in Philippine Peso currency to another customer of other participating banks, e-money issuers, or mobile money operators in the Philippines.

What is the purpose of PESONet?

Through PESONet, businesses, government, and individuals will be able to conveniently pay or transfer funds from their account to one or multiple recipient accounts in other financial institutions. PESONet is the perfect alternative to the still widely used paper-based check system.

List of Pesonet Participating Banks

List of Pesonet Accredited Banks as of August 31, 2020

Universal and Commercial Banks (U/KBs)

1. Al-Amanah Islamic Investment Bank of the Philippines

2. Asia United Bank Corporation

3. Australia and New Zealand Banking Group Limited

4. Bangkok Bank Public Co. Ltd.

5. Bank of America, N.A

6. Bank of China Ltd. – Manila Branch

7. Bank of Commerce

8. Bank of the Philippine Islands

9. BDO Unibank, Inc.

10. China Banking Corporation

11. CIMB Bank Philippines, Inc.

12. Citibank, N.A

13. CTBC Bank (Philippines) Corporation

14. Deutsche Bank AG

15. Development Bank of the Philippines

16. East West Banking Corporation

17. Industrial Bank of Korea Manila Branch

18. ING Bank, N.V

19. JP Morgan Chase Bank, NA.

20. KEB Hana Bank – Manila Branch

21. Land Bank of the Philippines

22. Maybank Philippines, Inc.

23, Mega International Commercial Bank Co, Ltd.

24. Metropolitan Bank and Trust Company

25. Mizuho Bank, Ltd. – Manila Branch

26, MUFG Bank, Ltd.

27. Philippine Bank of Communications

28. Philippine National Bank

29. Philippine Trust Company

30. Philippine Veterans Bank

31. Rizal Commercial Banking Corporation

32. Robinsons Bank Corporation

33. Security Bank Corporation

34. Shinhan Bank-Manila Branch

35. Standard Chartered Bank

36. Sumitomo Mitsui Banking Corporation – Manila Branch

37. The Hongkong & Shanghai Banking Corporation

38. Union Bank of the Philippines

39. United Coconut Planters Bank

40. United Overseas Bank Limited, Manila Branch

Thrift Banks (TBs)

  1. AllBank, Inc.
  2. China Bank Savings, Inc.
  3. Equicom Savings Bank, Inc.
  4. First Consolidated Bank, Inc.
  5. HSBC Savings Bank, Inc.
  6. Malayan Bank Savings and Mortgage Bank, Inc.
  7. Philippine Business Bank, Inc.
  8. Philippine Savings Bank
  9. Producers Savings Bank Corporation
  10. Sterling Bank of Asia, Inc.
  11. Wealth Development Bank Corporation
  12. Yuanta Savings Bank Philippines, Inc

Rural Banks

  1. Bank of Florida, Inc.
  2. BDO Network Bank, Inc.
  3. Camalig Bank, Inc.
  4. Cebuana Lhuillier Rural Bank, Inc.
  5. Country Builders Bank, Inc.*
  6. Dungganon Bank, Inc.
  7. East West Rural Bank, Inc.
  8. Rural Bank of Guinobatan, Inc

*Effective 01 September 2020

Electronic Money Issuers
(EMI) – Others

  1. DCPay Philippines, Inc.
  2. PayMaya Philippines, Inc.

Are there any fund transfer fees?

Financial institutions may charge fees to the payers for funds transfer transactions. However, payees will receive the funds transferred in full and shall not be charged for electronic crediting to their accounts. Moreover, for greater transparency, all participating financial institutions are required to disclose to BSP the details of all fees that will be charged to their
clients. A bulletin board of fees will then be posted on the BSP website

How long does it take to transfer funds via PESONet?

Funds can be made available to the recipient account/s within the same banking day.

If my interbank fund’s transfer is not successful, how will the money be refunded to me? What’s the timeline?

If the beneficiary bank is unable to credit the transaction to your beneficiary (i.e. wrong or invalid account number), the funds should be returned to the sender on the next banking day, service fees may apply