Sterling Bank faq
Sterling Bank faq

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.

You may access InstaPay through Sterling Bank Online – Personal. Log in to your account either via the bank’s internet banking or Sterling Bank Online mobile app.

  • It is a safe and affordable real-time electronic retail payments system.
  • Send and receive funds or make payments in real-time up to Php50,000 per transaction.
  • Transferred funds are received in full amount since no fee is charged to the receiving account.

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.

  • There is no minimum amount in sending funds, however, the maximum amount is up to Php50,000 per transaction, depending on the available balance of your account.
  • You can have more than one (1) transaction per day, subject to the 3rd Party Transaction Limit you have set in the Manage Transaction Limit setting of your Sterling Bank Online (up to Php500,000).

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)


  1. Asia United Bank Corporation

  2. Bank of Commerce

  3. Bank of the Philippine Islands

  4. Bank of China (Hongkong) Limited-Manila Branch

  5. BDO Unibank, Inc.

  6. China Banking Corporation

  7. CTBC Bank (Philippines) Corporation

  8. CIMB Bank Philippines, Inc.

  9. Developmental Bank of the Philippines

  10. East West Banking Corporation

  11. Land Bank of the Philippines

  12. Maybank Philippines, Inc.

  13. Metropolitan Bank and Trust Company

  14. Philippine Bank of Communications

  15. Philippine National Bank

  16. Philippine Trust Company

  17. Rizal Commercial Banking Corporation

  18. Robinsons Bank Corporation

  19. Security Bank Corporation

  20. Standard Chartered Bank

  21. Union Bank of the Philippines


  1. Philippine Veterans Bank


Thrift Banks (TBs)


  1. AllBank (A Thrift Bank), Inc.

  2. BPI Direct BanKO, Inc., A Savings Bank

  3. Card SME Bank Inc., A Thrift Bank

  4. China Savings Bank, Inc.

  5. Equicom Savings Bank, Inc.

  6. Legazpi Savings Bank, Inc.

  7. Malayan Savings Bank, Inc.

  8. Queen City Development Bank, Inc. or Queenbank, A Thrift Bank

  9. Pacific Ace Savings Bank, Inc.

  10. Philippine Savings Bank

  11. Producers Savings Bank Corporation

  12. Sterling Bank of Asia, Inc. (A Savings Bank)

  13. Sun Savings Bank, Inc.

  14. Wealth Development Bank Corporation


  1. Dumaguete City Development Bank, Inc.

  2. ISLA Bank (A Thrift Bank), Inc.

  3. Luzon Development Bank

  4. Philippine Business Bank, Inc., A Savings Bank

  5. UCPB Savings Bank


Rural Banks (RBs)


  1. Camalig Bank, Inc. (A Rural bank)

  2. Card Bank, Inc. (A Microfinance-Oriented Rural Bank)

  3. Cebuana Lhuillier Rural Bank, Inc.

  4. Dungganon Bank (A Microfinance Rural Bank), Inc.

  5. East West Rural Bank, Inc.

  6. Partner Rural Bank (Cotabato), Inc.

  7. Rural Bank of Guinobatan, Inc.

  8. Mindanao Consolidated Cooperative Bank

  9. Netbank (A Rural Bank), Inc.

  10. SeaBank Philippines Inc. (A Rural Bank)


  1. Bangko Mabuhay (A Rural Bank), Inc.

  2. BDO Network Bank, Inc. (A Rural Bank)

  3. Entrepreneur Rural Bank, Inc.

  4. Quezon Capital Rural Bank, Inc.


Digital Banks (DBs)


  1. GoTyme Bank Corporation

  2. Maya Bank, Inc.

  3. Tonik Digital Bank, Inc.

  4. Union Digital Bank


  1. UNObank, Inc.

Electronic Money Issuers (EMI) - Others


  1. CIS Bayad Center, Inc.

  2. DCPAY Philippines, Inc.

  3. Gpay Network PH, Inc.

  4. G-Xchange, Inc. (GXI)

  5. Infoserve, Inc.

  6. Maya Philippines, Inc.

  7. Philippine Digital Asset Exchange, Inc.

  8. PPS-PEPP Financial Services Corp.

  9. ShopeePay Philippines, Inc.

  10. SpeedyPay, Inc.

  11. Starpay Corporation

  12. TayoCash, Inc.

  13. Traxion Pay, Inc.

  14. USSC Money Services, Inc.

  15. Zybi Tech, Inc.


  1. Alipay Philippines, Inc.

  2. I-Remit, Inc.

  3. OmniPay, Inc.

Click here for the List of InstaPay participants.