Land Bank of the Philippines (LANDBANK) has taken significant steps to enhance customer accessibility and convenience by doubling the daily aggregate amount limit for fund transfers through its digital service, InstaPay, effective July 14, 2023.
Previously capped at P50,000.00, the daily transfer limit via InstaPay has been raised to P100,000.00, allowing LANDBANK clients to transfer up to P50,000.00 per transaction and a total of P100,000.00 per day using this service.
To further promote digital adoption and foster financial inclusion, LANDBANK also reduced the transaction rate for fund transfers via InstaPay from P25 to P15 on June 15, 2023.
Lynette V. Ortiz, the president and CEO of LANDBANK, expressed the bank’s commitment to meeting the diverse needs of its customer base by expanding its digital banking solutions. The aim is to encourage the growth of a cashless society and expedite financial inclusion in the Philippines.
