Landbank will eliminate fees for all online fund transfers starting July 7, 2026, allowing retail clients to send money at no cost through the LandBank Mobile Banking App (MBA) and iAccess for InstaPay and PESONet transactions. The zero-fee policy also applies to Overseas Filipino Bank (OFBank) clients worldwide.
Expansion of Zero-Fee Framework
Building on its June 1 initiative that waived fees for eligible person-to-government (P2G) transactions via QRPh, Landbank is now extending the zero-fee benefit to all retail transactions. This move marks a significant milestone in the bank's drive toward a fully integrated, cost-free digital banking ecosystem.
With a single account, clients can manage both personal finances and government transactions seamlessly and entirely free of charge, underscoring the bank's public service mandate and commitment to accessible digital financial services.
Impact on Filipinos
“Every peso saved on transfer fees is a peso that Filipino families can spend on their daily needs and that businesses can reinvest in growth. Landbank once again is leading by example and I hope all financial institutions will continue lowering or removing the cost of digital transactions for every Filipino,” said Landbank Chairman and Finance Secretary Frederick D. Go.
The initiative is part of a broader effort to accelerate digital financial inclusion and ensure affordable, efficient banking services for all Filipinos.
Support for Workers and Businesses
Landbank President and CEO Lynette V. Ortiz highlighted the direct impact on everyday financial needs: “By expanding our zero-fee digital framework from government payments to everyday retail transfers, we want to ensure that our banking services directly uplift our workers, small business owners, and overseas Filipinos. Our focus remains on keeping our platforms secure, reliable, and accessible to everyone, helping our clients stay connected to their families and businesses without the burden of extra costs.”
Alignment with National Directives
This comprehensive zero-fee framework supports President Ferdinand R. Marcos Jr.’s directive to strengthen digital financial services and expand access to efficient, affordable, and accessible banking for all Filipinos. It also aligns with Bangko Sentral ng Pilipinas (BSP) Circular No. 1238.
