MariBank Free Transfers: Unlimited InstaPay and PESONet, Explained
MariBank brought back unlimited free transfers. Here is how it works, what changed, and why it matters for daily banking.
Updated 1 min read
One of MariBank’s most practical features is unlimited free transfers via InstaPay and PESONet [citation:2][citation:3]. This was not always the case—the bank previously experimented with limited free transfers before returning to the unlimited model.
What Changed
According to a MariBank executive, the bank originally offered unlimited free transfers, then moved to 15 free transfers per week, then 50 per month, as switch fees and high-frequency users made the model costly [citation:13]. When BSP Circular 1238 pushed all supervised financial institutions to reduce transfer fees, the economics shifted. Switch fees had also dropped from ₱3 to ₱1.50 per transaction, making unlimited free transfers sustainable again [citation:13].
What It Means for You
You can send money to other banks and e-wallets without worrying about a monthly cap or per-transaction fee. For users who move money frequently—payday transfers, splitting bills, funding other accounts—this removes a recurring cost that many traditional banks still charge.
Limits Still Apply
Free does not mean unlimited in amount. Daily transaction limits apply, and these are separate from the fee structure. Check the app for your current limits, which may vary by account verification level.