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

This is good news for my fellow OFW’s who has multiple beneficiaries. PESONet is a real-time process with minimal service fee of P100.00 per transaction and sender will no longer wait for a couple of days for the money to be credited with their beneficiary account.

All you need to do is log in to your mobile banking or internet banking and select fund transfers. For transaction fees, please click here to check the list of participating domestic banks across the Philippines.

For PNB Account holders, below is the instruction.

For RCBC Account holders, below is the instruction.

For GCASH users, this service is absolutely free!

PESONet is regulated by Bangko Sentral ng Pilipinas (Central Bank of the Philippines).

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