CIMB offers free electronic fund transfers

The Philippine Star – Digital banking services provider CIMB Bank Philippines is extending free electronic fund transfers via InstaPay and PESONet to its over six million customers.

CIMB Bank Philippines CEO Vijay Manoharan said the initiative is part of the bank’s efforts to support the digitalization journey of the Bangko Sentral ng Pilipinas (BSP).

“Committed to support the BSP’s drive to facilitate greater adoption of digital transactions, we are excited to finally have InstaPay on our platform. Our six million CIMB customers can now use it to transfer funds for free and in real-time, giving them more control over their finances,” Manoharan said.