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:
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 Time (Philippine Time)
|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:
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)
Thrift Banks (TBs)
Rural Banks (RBs)
Digital Banks (DBs)
Electronic Money Issuers (EMI) - Others
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 firstname.lastname@example.org.