PESONet Clearing Cycles and Posting Timelines
PESONet is a batch based electronic fund transfer system used by Philippine banks for larger value transactions. Unlike InstaPay, PESONet transfers are not instant and follow scheduled clearing and settlement cycles.
Important: Funds sent through PESONet are credited based on cut off times and clearing schedules set by the sending bank.
PESONet Transfer Processing Overview
| Item | Processing Details |
|---|---|
| Transfer Type | Batch processed interbank transfer |
| Processing Time | Same day or next banking day |
| Availability | Banking days only |
| Typical Cut Off | Early afternoon depending on the bank |
| Posting Date | Same day or next business day |
Same Day and Next Day Credit
PESONet transfers made before the bank’s cut off time are usually included in the same day clearing cycle. Transfers sent after cut off are processed on the next banking day.
Transfers made on weekends or Philippine holidays are queued and processed on the next business day.
Frequently Asked Questions
Q: Are PESONet transfers instant?
A: No. PESONet transfers are processed in batches and are not credited in real time.
Q: What happens if I send money after cut off time?
A: The transfer is processed on the next banking day and credited after clearing.
Q: Do PESONet transfers work on weekends?
A: Transfers can be submitted, but processing resumes on the next banking day.
Philippine Holidays