PESONet and InstaPayYou can now transfer funds from your Bank of Commerce Account to any other bank account through PESONet and InstaPay. Transact via Internet Banking, ATM and Over-the-Counter! PESONet and InstaPay are the latest electronic funds transfer service that enables Bank of Commerce account holders to transfer funds in Philippine Peso to another account holder or multiple recipient accounts of other participating banks, e-money issuers or mobile money operators in the Philippines. PESONet is for transaction amounts of more than Php 50,000.00. While PESONet has no amount limit, transactions are not posted in real time. InstaPay allows fund transfer up to Php50,000 only per transaction in real time. PESONet and InstaPay are the country’s first Automated Clearing House (ACH) under the National Retail Payment System (NRPS), the Bangko Sentral ng Pilipinas’ (BSP) landmark policy whose objective is to increase e-payment transactions to 20 percent by 2020 for more inclusive economic growth and financial inclusion. Fees and Charges Transaction Details PESONet InstaPay Transaction Amount Limit No Limit PHP50,000.00 Schedule of Crediting Batch (4:00 PM - 11:00 PM) Real Time Cut-off Schedule 3:00 PM N.A. Transaction Fee OTC PHP 100.00 PHP 100.00 RIB / Internet Banking PHP 10.00 PHP 10.00 ATM PHP 10.00 N.A. For more details about PESONet, visit www.pesonet.info or www.bsp.gov.ph.