As the holiday season ushers in a spirit of generosity and giving, Union Bank of the Philippines (UnionBank) has announced a special initiative to enhance the festive experience for its customers. The bank is waiving all fees for InstaPay fund transfers, specifically catering to transactions up to PHP1,000, conducted through the UnionBank Online app until 31 December 2023.
This holiday treat from UnionBank aligns with the joyous tradition of gifting and spreading cheer during Christmas. The move allows customers to seamlessly distribute cash gifts and settle Christmas purchases using a secure, convenient, and cost-effective medium. UnionBank has consistently been recognized for its competitive online transfer fees, and this festive season sees the extension of this commitment with zero InstaPay fees.
“We want our customers to enjoy their Christmas celebrations without having to worry about steep fees on their funds transfers for giving gift-giving and paying conveniently for their Holiday shopping purchases,” according to Albert Cuadrante, Chief Marketing Officer of UnionBank.
The fee waiver covers interbank fund transfers up to PHP1,000 to other banks and eWallets via InstaPay within the UnionBank Online app. Furthermore, the offer is inclusive of transactions involving QR Ph codes, adding an extra layer of convenience for customers embracing digital payment methods.
InstaPay is a real-time electronic fund transfer service in the Philippines that enables individuals, businesses, and financial institutions to conduct secure and instantaneous digital transactions. Operated by the Bangko Sentral ng Pilipinas (BSP), InstaPay allows users to transfer funds between banks and electronic money issuers in a matter of seconds.
The service is designed to enhance the efficiency and convenience of financial transactions, providing a seamless and reliable alternative to traditional payment methods. With InstaPay, users can transfer money, pay bills, and make purchases electronically through various channels, including online banking platforms, mobile apps, and electronic wallets.
One of the key advantages of InstaPay is its real-time nature, eliminating the delays associated with traditional bank transfers. This makes it particularly useful for time-sensitive transactions, such as urgent payments or instant fund transfers between accounts held in different financial institutions.
UnionBank’s dedication to providing affordable digital banking solutions is highlighted by this promotion, making it an attractive option for those seeking low-to-zero transaction fees during the holiday season. Customers can leverage the UnionBank Online App to enjoy a hassle-free and economical means of conducting their financial transactions.
For those who haven’t yet experienced the convenience of the UnionBank Online app, it’s not too late to join the festivities. The app can be easily downloaded from popular app stores, including Google PlayStore, Huawei App Gallery, or the App Store.