InstaPay is the fastest way to send money in the Philippines. It is an electronic fund transfer (EFT) service available 24x7 that allows customers to transfer Php-denominated funds between accounts of participating BSP-supervised banks and non-bank e-money issuers in the Philippines. Money is received in the account instantly, as soon as it is sent.
Yes, all Sterling Bank of Asia account holders can use InstaPay to send and receive funds to/from their account/s.
To send funds, you need to enroll your account in Sterling Bank Online. If you have not registered your account yet, click here to enroll. Once enrolled, you can start using InstaPay.
InstaPay is secure and complies with the security standards mandated by the Bangko Sentral ng Pilipinas.
Step 1: Login to Sterling Bank Online.
Step 2: Choose the source account you will use for sending money.
Step 3: Go ‘Fund Transfer’ tab and select ‘To Other Local Bank’.
Step 4: Choose ‘InstaPay’ and complete the details to proceed with sending the funds to your beneficiary’s account.
Receiving funds sent via InstaPay to a Sterling Bank account is FREE. Your beneficiary will receive the money in full.
Sending funds via InstaPay has a Php15.00 service fee for every transaction that will be charged to the source account you will use in sending the money.
All active Sterling Bank of Asia Php savings and checking accounts can be used to send/receive money using InstaPay. For the recipient’s account number, make sure to input the 12-digit Sterling Bank savings or checking account number written on the passbook. Sterling Bank prepaid card accounts are not yet available for InstaPay transactions.
No, you cannot send money (in another currency) overseas with InstaPay. InstaPay is only available for Php to Php fund transfers between accounts maintained in the Philippines among InstaPay participating institutions.
No, InstaPay can only be used to transfer funds between participating InstaPay institutions.
Here are the lists of InstaPay participants (as of May 31, 2023):
Universal and Commercial Banks (U/KBs)
Thrift Banks (TBs)
Rural Banks (RBs)
Digital Banks (DBs)
Electronic Money Issuers (EMI) - Others
Click here for the List of InstaPay participants.