OFBank cuts transfer costs to help overseas Filipinos maximize every peso sent home

Sending financial support to families back home is now more affordable for Filipinos abroad. The Overseas Filipino Bank (OFBank), LANDBANK’s wholly-owned digital banking subsidiary, is removing transaction fees for all InstaPay transfers made through the OFBank Mobile Banking App (MBA) starting July 7, 2026.

With this, OFBank account holders can transfer funds to other local banks and e-wallets free of charge, ensuring more of their hard-earned money goes directly to their families.

The move mirrors LANDBANK’s simultaneous rollout of a comprehensive zero-fee framework, supporting the directive of LANDBANK Chairman and Finance Secretary Frederick D. Go to accelerate digital financial inclusion by making banking services more affordable and efficient for Filipinos.

“By extending our zero-fee digital banking ecosystem to OFBank, we are ensuring that the same benefits uplifting our workers and small business owners at home now reach Filipinos overseas. Removing fund transfer fees helps our overseas kababayans maximize the value of every peso they send home, making it easier to provide vital financial support to their loved ones without the burden of extra costs,” said OFBank Chair and LANDBANK President and CEO Lynette V. Ortiz.

The initiative also complements OFBank’s participation in LANDBANK’s zero-fees person-to-government (P2G) payment program, which waives convenience fees for eligible government payments made via QR Ph until December 31, 2026. Through this program, OFWs, Overseas Filipinos, and their families can manage both personal finances and national or local government dues from a single account without incurring additional charges.

“As a banking partner of our kababayans abroad, OFBank continues to make digital banking more responsive to their needs. Through this initiative, we give our clients greater flexibility to send support to their families back home,” said OFBank President and CEO Leila C. Martin.

These efforts are in line with President Ferdinand R. Marcos Jr.’s directive to strengthen digital financial services and expand access to efficient, affordable, and accessible banking services for all Filipinos. Likewise, it is aligned with Bangko Sentral ng Pilipinas (BSP) Circular No. 1238, Series of 2026.