PESONet (Philippine EFT System and Operations Network) is a fast, secure electronic fund transfer service regulated by the Bangko Sentral ng Pilipinas (BSP) under the NRPS. It is the ideal channel on Coins.ph for high-value bank transfers and bulk payments with zero cash-out fees.
PESONet Processing Schedule & Cut-Off Times
Unlike real-time transfer channels (like InstaPay), PESONet operates via a batch settlement process on regular banking days (Monday to Friday, excluding public holidays). Refer to the schedule below to estimate when your cash out will be credited:
Transaction Request Window |
Estimated Delivery Time |
|---|---|
| On or before 9:00 AM (Banking Day) | Credited on or before 2:00 PM of the same banking day |
| 9:00 AM to 12:00 NN (Banking Day) | Credited on or before 6:00 PM of the same banking day |
| 12:00 NN to 3:00 PM (Banking Day) | Credited on or before 11:59 PM of the same banking day |
| After 3:00 PM, Weekends, or Holidays | Credited on or before 2:00 PM on the next banking day |
Need Immediate Funds? Because PESONet does not clear transfers outside regular banking hours or over weekends/holidays, please use InstaPay if you require urgent, real-time transfers.
Supported Banks & Financial Institutions
Below is the list of participating banks and e-wallets currently supported for PESONet cash outs on Coins.ph:
Supported Banks (A–C) |
Supported Banks (D–M) |
Supported Banks (N–Z) |
|---|---|---|
| Al-Amanah Islamic Bank | Deutsche Bank | Partner Rural Bank (Cotabato) |
| AllBank (A Thrift Bank) Inc. | Development Bank of the Philippines | PayMaya Philippines, Inc. / Maya |
| Asia United Bank (AUB) | Dumaguete Bank / Dungganon Bank | PBCom / Philippine Bank of Comm. |
| Australia & New Zealand Bank | EastWest Bank | Philippine National Bank (PNB) |
| Bangko Kabayan | Equicom Savings Bank, Inc. | Philippine Savings Bank (PSBank) |
| Bangko Nuestra Senora del Pilar | First Consolidated Bank | Philippine Trust Company |
| Bangkok Bank Public Co., Ltd. | Guagua Rural Bank | Philippine Veterans Bank |
| Bank of America, Nat'l. Ass'n. | HSBC / HSBC Savings Bank | Producers Savings Bank / Queenbank |
| Bank of China / Bank of Commerce | Industrial & Commercial Bank of China | RBT Bank / RCBC |
| Bank of Florida / Bank of Makati | Industrial Bank of Korea - Manila | Robinsons Bank Corporation |
| BDO / BDO Network Bank, Inc. | ING Bank N.V. | Rural Bank of Digos / Rosario |
| Camalig Bank, Inc. / Cantilan Bank | JPMorgan Chase Bank | Security Bank Corporation |
| CIMB Bank Phils, Inc. | Keb Hana Bank | Shinhan Bank |
| China Bank / China Bank Savings | Land Bank of the Philippines | Sterling Bank of Asia, Inc. |
| Citibank, N.A. | Malayan Bank Savings & Mortgage | Sumitomo Mitsui Banking Corp. |
| Community Rural Bank of Romblon | Maybank Philippines, Inc. | The Standard Chartered Bank |
| CTBC Bank (Philippines) Corp. | Mega Intl Comml Bank Co. Ltd. | Tonik Digital Bank |
| — | Metropolitan Bank & Trust Co. (Metrobank) | Union Bank of the Philippines |
| — | Mizuho Bank / MUFG Bank, Ltd. | United Coconut Planters Bank (UCPB) |
| — | MVSM Bank | Wealth Dev Bank / Yuanta Savings |
Fees & Transfer Limits
- Zero Transfer Fees: There are currently no fees charged by Coins.ph for cashing out via PESONet. Your recipient receives the full principal amount sent without deductions.
- No System-Wide Max Limit: PESONet has no maximum transaction cap built into the system, making it ideal for business payroll, supplier payments, and high-value cash outs. (Note: Transfers remain subject to your personal Coins.ph account cash-out limits and any receiving bank limits).
How to Cash Out via PESONet
Via the Coins.ph App
- Open the Coins.ph app and tap the Portfolio tab.
- Tap Withdraw and select Cash Out.
- Scroll or search for your destination bank, then select PESONet as your cash-out method.
- Enter the withdrawal amount, Account Holder Name, Account Number, and necessary details.
- Review the details and complete your MFA/security verification.
Via the Coins.ph Website
- Log into your account and click the Portfolio tab on the left sidebar.
- Click on your PHP Wallet balance.
- Click the Cash Out button on the upper-right corner.
- Select your destination bank, choose PESONet, and input your withdrawal amount and account details.
- Confirm the transaction and enter your verification codes.
Frequently Asked Questions
1. Can I cancel a PESONet cash out after confirming?
No. Once a PESONet transaction is confirmed and submitted for processing, it cannot be cancelled. Please verify all account numbers and recipient names carefully before finalizing your cash out.
2. What happens if I enter the wrong account number?
All completed PESONet transfers are considered final. If an incorrect account number was submitted, recovery is handled on a best-effort basis only. Recovery depends on:
- Availability of the credited funds at the destination bank.
- The receiving account holder's explicit consent to be debited.
- Inter-bank processing turnaround times (servicing fees may apply).
3. Do PESONet cash outs process on weekends or public holidays?
No. Clearing systems do not run on weekends or public holidays. Any cash-out orders submitted during weekends or holidays will be queued and credited on or before 2:00 PM on the next banking day.
For more information on PESONet, you may visit their website.