PHRizal Commercial Banking Corporation (RCBC) has announced that it will offer free InstaPay transfers through its mobile banking apps, RCBC Pulz and DiskarTech, starting July 4. Customers using RCBC Pulz will be allowed up to 30 free transfers per month, each with a minimum amount of PHP 100, while DiskarTech users can make unlimited free person-to-person transfers with no minimum limit. This decision aligns with recent actions by other major banks like Bank of the Philippine Islands (BPI) and Land Bank of the Philippines, which have also reduced or eliminated digital transfer fees. These changes follow guidance from the Bangko Sentral ng Pilipinas (BSP), which requires banks to keep interbank transfer fees close to those for internal transfers. However, RCBC is currently under scrutiny due to concerns about its loan quality, with Moody's downgrading its outlook to negative amid rising nonperforming loans and increasing credit costs.
Lectura del sesgo (Centro): The article provides a balanced overview of RCBC's policy change regarding InstaPay transfers, mentioning both the benefits to consumers and the regulatory context provided by the BSP. It also notes the bank's financial challenges without taking a clear stance on either side, thus maintaining a cent
