GoTyme Bank will provide all customers with 20 free InstaPay transfers each month, aiming to simplify everyday banking and remove transaction fees typically charged by other lenders and e-wallets.
The free transfers automatically reset on the first day of every month.
Customers making more than 20 transfers will be charged P9 per transaction, payable via GoRewards points. PesoNet transfers will remain free of charge.
“By offering 20 free transfers every month, GoTyme Bank takes another big step toward its mission of removing friction in everyday transactions and unlocking the financial potential of Filipinos through simple, beautiful banking,” the Gokongwei-backed bank said in a statement.
The initiative is part of GoTyme Bank’s effort to provide convenient, flexible, and accessible financial services. Accounts can be opened through the GoTyme Bank app or at nearby kiosks.
