An electronic debit card that utilizes the stored value system and like the ATM Card, operates on magnetic stripe technology with PIN-based protocol. The Cash Card is a special product for institutional clients.
• No opening deposit, maintaining balance and dormancy period
• No Philippine Deposit Insurance (PDIC) cover and account interest
• No Specimen Signature Card (SSC) requirement
• Access account 24 hours a day, 7 days a week through more than 1,400 LANDBANK ATMs and over 14,000 BancNet ATM systems nationwide
• Withdraw up to P50,000 a day
• Debit card using the Point of Sale (POS) facility with over 20,000 accredited merchants up to P50,000 a day.
• Cash card application for Corporate Credits (i.e. Employee Benefits, Loans, Pensions, Payroll Credits, Commissions of Agents/Sales Personnel, Reimbursements, Allowances, Bonuses); Funds Remittance; Collection Mode for merchants.
PRODUCT FEATURES | |
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A. Opening Deposit : | None |
B. Maintaining Balance | None |
C. Account Interest | None |
D. Dormancy Period | None |
E. Aggregate Credits | Max. of P100,000.00 per month |
F. Documentation | Enrollment Form and at least 1 valid ID |
G. Bank Statement | n/a |
H. Card Validity Period | 3 years subject to reactivation |
I. ATM Convenience | • 24x7 ATM Access through more than 1,400 LANDBANK and over 14,000 BancNet ATM systems nationwide • Withdraw cash up to P50,000 a day • Pay for purchases up to P50,000 a day via Point-of-Sale (POS) from over 2,000 accredited merchants Balance Inquiry Intrabank Fund Transfer ○ Interbank Fund Transfer ○ Transaction Log ○ Payment ○ Mobile Banking Transactions e.g. Mobile Phone Reloading |
FEES AND LIMITS | |
Card Cost | P 100.00 |
Replacement Fee | P 150.00 |
Reactivation Fee | P 50.00 |
ATM Limit/day | P 50,000.00 |
POS Limit/day | P 50,000.00 |