PESONet is an electronic funds transfer service that enables customers of participating banks, e-money issuers, or mobile money operators to transfer funds in Philippine Peso currency to another customer of other participating banks, e-money issuers, or mobile money operators in the Philippines.
Interbank fund transfers done via PESONet have two different cut-off times every business day: 9:00 AM and 3:00 PM.
i) Transactions performed before 9:00 AM on a business day shall be processed on or before 2:00 PM within the same business day.
ii) Transactions performed before 3:00 PM on a business day shall be processed on or before 6:00 PM within the same business day.
iii) Transactions performed 3:00 PM onwards or on a non-business day (weekends/holidays) shall be processed on the next business day.
Transactions made after the cut-off, on holidays, or on weekends will be processed within the next two (2) banking days.
CIMB account holders can receive and transfer funds to more than 60+ banks worldwide.