PESONet is a new electronic funds transfer service that enables customers of participating banks, e-money issuers or mobile money operators to transfer funds in Philippine Peso (Php) currency to another customer of other participating banks, e-money issuers, or mobile money operators in the Philippines (https://www.philpayments.org.ph/pesonet).

• Through PESONet, businesses, governments, and individuals can conveniently pay or transfer funds from their accounts to one or multiple recipient accounts in other financial institutions.

• PESONet is the perfect alternative to the still widely used paper-based check system.

All Sterling Bank of Asia account holders can use PESONet to transfer funds to participating BSP – supervised banks.

To send money or transfer funds via PESONet, you can do the following options:

• Go to the nearest Sterling Bank of Asia branch for an over-the-counter transaction
• Access your Sterling Bank Online - Personal account for online transaction/s

Yes. PESONet facility allows you to send and receive funds to any local bank account. The fund transfer is processed within the day if the transaction was done before the cut-off time.

Any Sterling Bank of Asia Php-denominated deposit account (checking and savings) or ShopNPay prepaid card may be used to transfer funds using PESONet.

RTGS transactions, which focus on high-value remittance, are processed in real-time, while PESONet transactions, which accept any amount, are processed in batches following the PESONet cut-off time.

Any amount is allowed for over-the-counter transactions as long you have available funds in your account. However, sending funds through Sterling Bank Online - Personal account will follow these limits:

• For PESONet fund transfers from Sterling Bank of Asia checking or savings accounts, the maximum transaction limit depends on the 3rd Party transaction limit set in your Sterling Bank Online – Personal account (up to a maximum of Php500,000) or your account’s available balance.
•  For PESONet fund transfers from ShopNPay prepaid cards, the default limit of the prepaid card amounting to Php40,000 will be followed as the maximum amount per transaction per day, subject to your card’s available balance.

There are three cut-off times* every banking day for PESONet fund transfers, providing more flexibility and convenience.

Cut-off Schedule:

*The actual crediting time to the receiver's account is subject to the receiving bank's processing schedule.

The service fee will be charged to the sender per successful transaction and will depend on the channel the PESONet fund transfer will be sent:

• Over-the-counter through any Sterling Bank of Asia branch – Php30.00
• Sterling Bank Online - Personal – Php15.00

For the PESONet fund transfer service, you need to have an existing Php-denominated savings or checking account or prepaid card with Sterling Bank of Asia as a source account from which the funds will be deducted.

Here are the lists of PESONet participants (as of February 28, 2025):

Universal and Commercial Banks (U/KBs)

SENDER/RECEIVER

1.       Al-Amanah Islamic Investment Bank of the Philippines

2.       Asia United Bank Corporation

3.       Australia and New Zealand Banking Group Ltd.

4.       Bangkok Bank Public Co. Ltd.

5.       Bank of America, N.A

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

7.       Bank of Commerce

8.       Bank of the Philippine Islands

9.       BDO Unibank, Inc.

10.   Cathay United Bank Co., Ltd. – Manila Branch

11.   China Banking Corporation

12.   CIMB Bank Philippines, Inc.

13.   Citibank, N.A.

14.   CTBC Bank (Philippines) Corporation

15.   Deutsche Bank AG

16.   Development Bank of the Philippines

17.   East West Banking Corporation

18.   Industrial and Commercial Bank of China, Ltd. – Manila Branch

19.   Industrial Bank of Korea Manila Branch

20.   JP Morgan Chase Bank, N.A.

21.   KEB Hana Bank – Manila Branch

22.   Land Bank of the Philippines

23.   Maybank Philippines, Inc.

24.   Mega International Commercial Bank Co., Ltd.

25.   Metropolitan Bank and Trust Company

26.   Mizuho Bank, Ltd. – Manila Branch

27.   MUFG Bank, Ltd.

28.   Philippine Bank of Communications

29.   Philippine National Bank

30.   Philippine Trust Company

31.   Philippine Veterans Bank

32.   Rizal Commercial Banking Corporation

33.   Robinsons Bank Corporation

34.   Security Bank Corporation

35.   Shinhan Bank – Manila Branch

36.   Standard Chartered Bank

37.   Sumitomo Mitsui Banking Corporation – Manila Branch

38.   The Hongkong & Shanghai Banking Corporation

39.   Union Bank of the Philippines

40.   United Overseas Bank Limited, Manila Branch

Thrift Banks (TBs)

SENDER/RECEIVER

1.       AllBank (A Thrift Bank), Inc.

2.       Bangko Kabayan, Inc. (A Private Development Bank)

3.       Bank of Makati (A Savings Bank), Inc.

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

5.       China Bank Savings, Inc.

6.       City Savings Bank, Inc.

7.       Dumaguete City Development Bank, Inc.

8.       Equicom Savings Bank, Inc.

9.       First Consolidated Bank, Inc. (A Private Development Bank)

10.   LOLC Bank Philippines Inc.

11.   Malayan Savings Bank, Inc.

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

13.   Philippine Savings Bank

14.   Producers Savings Bank Corporation

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

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

17.   UCPB Savings Bank

18.   Wealth Development Bank Corporation

19.   Yuanta Savings Bank Philippines, Inc.

Rural Banks (RBs)

SENDER/RECEIVER

1.       Agribusiness Rural Bank, Inc.

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

3.       Bangko Nuestra Senora del Pilar, Inc. (A Rural Bank)

4.       Bayanihan Bank, Inc

5.       BOF, Inc. (A Rural Bank)

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

7.       Biñan Rural Bank, Inc.

8.       Camalig Bank, Inc. (A Rural Bank)

9.       Cantilan Bank, Inc. (A Rural Bank)

10.   Cebuana Lhuillier Rural Bank, Inc

11.   Cooperative Bank of Quezon Province

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

13.   East West Rural Bank, Inc.

14.   Guagua Rural Bank, Inc.

15.   Innovative Rural Bank, Inc. (A Rural Bank)

16.   Laguna Prestige Banking Corporation, (A Rural Bank)

17.   Malarayat Rural Bank, Inc.

18.   Money Mall Rural Bank, Inc.

19.   MVSM Bank (Rural Bank Since 1953), Inc.

20.   Netbank (A Rural Bank), Inc.

21.   New Rural Bank of San Leonardo (Nueva Ecija), Inc.

22.   Own Bank, The Rural Bank of Cavite City, Inc.

23.   Rang-Ay Bank, Inc. (A Rural Bank)

24.   RBT Bank, Inc., A Rural Bank

25.   Rural Bank of Angeles, Inc.

26.   Rural Bank of Bacolod City, Inc.

27.   Rural Bank of Bauang, Inc.

28.   Rural Bank of Digos, Inc.

29.   Rural Bank of Guinobatan, Inc.

30.   Rural Bank of La Paz, Inc.

31.   Rural Bank of Lebak (Sultan Kudarat), Inc.

32.   Rural Bank of Mangaldan, Inc.

33.   Rural Bank of Montalban, Inc.

34.   Rural Bank of Porac (Pampanga), Inc.

35.   Rural Bank of Rosario (La Union), Inc.

36.   Rural Bank of Sagay, Inc.

37.   Rural Bank of San Narciso, Inc.

38.   Rural Bank of Silay City, Inc.

39.   Rural Bank of Sta. Ignacia, Inc.

40.   SeaBank Philippines Inc. (A Rural Bank)

41.   Summit Bank (Rural Bank of Tublay, Inc.)

42.   Top Bank Philippines, Inc. (A Rural Bank)

43.   VBank Rural Banking Inc (Formerly: Vigan Banco Rural, Incorporada)

44.   Zambales Rural Bank, Inc.

Digital Banks (DBs)

SENDER/RECEIVER

1.       GoTyme Bank Corporation

2.       Maya Bank, Inc.

3.       Tonik Digital Bank, Inc.

4.       Union Digital Bank

5.       UNObank, Inc.

Electronic Money Issuers (EMI) - Others

SENDER/RECEIVER

1.       DCPAY Philippines, Inc.

2.       Easy Global EMI Corp.

3.       Gpay Network PH, Inc. (GrabPay)

4.       G-Xchange, Inc. (GCash)

5.       Maya Philippines, Inc.

6.       Paymongo Payments, Inc.

7.       Philippine Digital Asset Exchange, Inc.

8.       PPS-PEPP Financial Services Corp. (PalawanPay)

9.       TagCash Ltd., Inc.

10.   TayoCash, Inc.

11.   USSC Money Services, Inc.

Click here for the List of PESONet participants.

You may call your branch of account or call our 24/7 Customer Service Helplines at +632 8721 6000 and +632 8672 6300 or email customer.service@sterlingbankasia.com.