Metrobank accountholders can enjoy FREE InstaPaytransfers using the new Metrobank App when they Send Money for transactions worth PHP1,000 and below from today until September 30, 2023.
This is in support of the Bangko Sentral ng Pilipinas’ thrust to encourage more Filipinos to take advantage of the convenience of online payment transactions. It is also part of the bank’s move to provide smart, simple, and secure banking services to its clients through the new Metrobank App.
Make sure to download the app from the Apple App Store, Google Play, and the Huawei AppGallery and update it to the latest version (ver 1.7.1) so you can Send Money for FREE via InstaPay. This is applicable only to transactions amounting to PHP 1,000 and below. For scheduled transfers, regular transfer fees still apply.
Follow these simple steps for your InstaPay transaction:
1. Open the new Metrobank App and tap Send Money icon in the bottom tab.
2. Enter details such as the source account, transfer amount, recipient. Please note that PHP 1,000 and below transactions are eligible to avail of the waived InstaPay fee.
3. Tap ‘Immediate’ button.
4. Enter Purpose.
5. Tap ‘Next’.
6. Review details, then tap ‘Confirm’. An OTP will be sent to your registered number. Do not share this to anyone.
7. Input the OTP, and you’re done! You should see that PHP 0.00 InstaPay fee is reflected in the transaction details page.
You’ll also receive an SMS notification about your transaction.
Now you can Send Money to anyone, worry-free, through the NEW Metrobank App’s InstaPay Waived Fees!
About Metrobank
Metrobank is the country’s second largest private universal bank that empowers both retail and business clients with customized financial products and services fit to help reach their goals and full potential. It has an extensive consolidated network that spans over 940 domestic branches nationwide, more than 2,300 ATMs, and above 30 foreign branches, subsidiaries, and representative offices. The Bank believes that its robust capital position and balance sheet strength will provide ample support as it navigates through uncertain times. As of the first quarter of 2023, its capital ratios are among the highest in the industry, with total CAR at 17.6% and Common Equity Tier 1 (CET1) ratio at 16.8%. Meanwhile, the Bank’s consolidated assets stood at P2.9 trillion, making it one of the strongest and well-capitalized banks in the country.
