Sterling Bank faq
Sterling Bank faq

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 (

  • 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 funds are credited within the day if the transaction was done before the cut-off time.

Any Sterling Bank of Asia Php-denominated deposit account (savings and checking) 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 your 3rd Party transaction limit (may be set up to a minimum of Php500,000).

Transactions made before the cut-off time will be processed on the same day. All transactions beyond the cut-off time will be processed on the next banking day.

Cut-off Schedule:

 Cut-off Time (Philippine Time)  Processing Schedule 
Before 10:00 am Transaction will be processed not later than 2:00 pm of the same day
Before 4:00 pm Transaction will be processed not later than 11:00 pm of the same day
After 4:00 pm, weekend or holiday Transaction will be processed the next banking day


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

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

For PESONet fund transfer service, you need to have an existing Php-denominated savings or checking account 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 31 May 2023):

Universal and Commercial Banks (U/KBs)

  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 – ManilaBranch

  38. The Hongkong & Shanghai Banking Corporation

  39. Union Bank of the Philippines

  40. United Overseas Bank Limited, Manila Branch

Thrift Banks (TBs)

  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. Dumaguete City Development Bank, Inc.

  7. Equicom Savings Bank, Inc.

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

  9. HSBC Savings Bank (Phils), Inc.

  10. Malayan Savings Bank, Inc.

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

  12. Philippine Savings Bank

  13. Producers Savings Bank Corporation

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

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

  16. Wealth Development Bank Corporation

  17. Yuanta Savings Bank Philippines, Inc

Rural Banks (RBs)

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

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

  3. BOF, Inc. (A Rural Bank)

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

  5. Biñan Rural Bank, Inc.

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

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

  8. Cebuana Lhuillier Rural Bank, Inc.

  9. Cooperative Bank of Quezon Province

  10. Country Builders Bank, Inc. (A Rural Bank)

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

  12. East West Rural Bank, Inc.

  13. Guagua Rural Bank, Inc.

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

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

  16. Malarayat Rural Bank, Inc.

  17. Money Mall Rural Bank, Inc

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

  19. Netbank (A Rural Bank), Inc.

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

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

  22. RBT Bank, Inc., A Rural Bank

  23. Rural Bank of Bacolod City, Inc.

  24. Rural Bank of Bauang, Inc.

  25. Rural Bank of Digos, Inc.

  26. Rural Bank of Guinobatan, Inc.

  27. Rural Bank of La Paz, Inc.

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

  29. Rural Bank of Montalban, Inc.

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

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

  32. Rural Bank of Sagay, Inc.

  33. Rural Bank of Sta. Ignacia, Inc.

  34. SeaBank Philippines Inc. (A Rural Bank)

Digital Banks (DBs)

  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

  1. DCPAY Philippines, Inc.

  2. GPay Network PH, Inc.

  3. G-Xchange, Inc. (GXI)

  4. Lulu Financial Services (Phils.), Inc.

  5. Maya Philippines, Inc.

  6. Paymongo Payments, Inc.

  7. TayoCash, Inc.

  8. USSC Money Services, Inc.

  9. Zybi Tech, Inc.


You may also 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