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Search Results for: mobile banking


Farmers to receive crop insurance via LANDBANK cash cards

LANDBANK President and CEO Cecilia C. Borromeo (middle) and PCIC President Atty. Jovy C. Bernabe (2nd from left) sign a Memorandum of Agreement (MOA) on 07 April 2022 to hand out LANDBANK Cash Cards to farmers for the disbursement of insurance claims. Witnessing the signing are LANDBANK Senior Vice Presidents Randolph L. Montesa (4th from left) and Marilou L. Villafranca (rightmost), alongside PCIC Vice President Segundo H. Guerrero, Jr (leftmost). The Land Bank of the Philippines (LANDBANK) and the Philippine Crop Insurance Corporation (PCIC) signed a Memorandum of Agreement (MOA) that will enable faster and seamless disbursement of indemnity claims for farmers whose crops were affected by disasters and calamities. Under the Agreement, the Bank will provide LANDBANK Cash Cards for the timely crediting of insurance proceeds to farmers endorsed by PCIC.  Through the LANDBANK Cash Cards, around 1.8 million farmer-beneficiaries will be able to withdraw their insurance claims conveniently from 2,808 LANDBANK ATMs nationwide instead of the previous practice of encashing cheques issued by PCIC in LANDBANK Branches.   LANDBANK President and CEO Cecilia C. Borromeo and PCIC President Atty. Jovy C. Bernabe signed the MOA on 07 April 2022 at the LANDBANK Plaza in Malate, Manila. They were joined by LANDBANK Senior Vice Presidents Randolph L. Montesa and Marilou L. Villafranca, alongside PCIC Vice President Segundo H. Guerrero, Jr.  “LANDBANK’s partnership with PCIC is aligned with our shared goal of promoting financial inclusivity. As we enhance the delivery of insurance claims to farmers nationwide through our cash cards, we are also promoting the habit of saving—leading to their financial independence,” said LANDBANK President and CEO Cecilia C. Borromeo.  The LANDBANK Cash Cards will also grant farmer-beneficiaries access to a wider range of financial services, including the facilitation of banking transactions in LANDBANK ATMs such as cash withdrawal, balance inquiry, ATM fund transfer, and cashless payment through Point-of-Sale (POS) facilities.  The farmer-beneficiaries can also withdraw their claim payments from 888 Agent Banking Partners operating on behalf of LANDBANK in far-flung communities nationwide. In addition, cash cardholders may access the LANDBANK phonebanking facility and Mobile Banking App (MBA). 

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LANDBANK launches LANDBANKPay: the all-in-one mobile wallet

The Land Bank of the Philippines (LANDBANK) now offers a versatile mobile payment application which allows users to safely and conveniently pay bills, load up mobile phones and tollway RFID accounts, purchase online (e-Commerce), as well as transfer funds anytime, anywhere.   LANDBANK unveiled the LANDBANKPay, an all-in-one mobile wallet in a virtual launch event on 22 April 2022, to further widen the access of customers to financial services and advance greater financial inclusion in the country. “The LANDBANKPay builds on our broader thrust of serving the nation through reliable and convenient digital banking. This is in line with LANDBANK’s full commitment to expand access to responsive and affordable financial products and services, especially for those residing in unbanked and underserved areas of the country,” said LANDBANK President and CEO Cecilia C. Borromeo.  LANDBANKPay Features Initial registration in LANDBANKPay, which only requires a customer’s Mobile Number, full name, and birth date, opens a Small Wallet account with a maximum balance limit of P20,000. The LANDBANKPay Small Wallet account can be used to perform basic transactions, such as balance inquiry, buy load, bills payment to more than 800 government and private partner merchants enrolled in the LANDBANK Link.BizPortal, and cash-in via the LANDBANK Mobile Banking App (MBA), Link.BizPortal, LANDBANK Branches and Agent Banking Partners nationwide. Small Wallet accountholders can likewise request and receive funds from Full Wallet accountholders.  Customers can upgrade to a LANDBANKPay Full Wallet account by providing basic demographic information, uploading a valid government-issued ID, and taking a “selfie” to confirm their identity. Full Wallet accountholders will enjoy an increased maximum balance limit of P50,000 and LANDBANKPay’s full array of features, which include cash-in and cash-out facilities, fund transfers, buying load, online purchases, local cash remittances through the LBPadala, bills payment to more than 800 government and private partner merchants enrolled in the LANDBANK Link.BizPortal, and linking of LANDBANK Credit and Prepaid cards.  LANDBANKPay in PhilSys The LANDBANKPay was soft-launched in 2021 to provide National ID applicants who have smartphones their own transaction accounts, under LANDBANK’s co-location strategy with the Philippine Statistics Authority (PSA) for the PhilSys Project roll-outs. As of 31 March 2022, LANDBANK has onboarded more than 7.8 million PhilSys registrants in 70 provinces nationwide.  The LANDBANKPay joins LANDBANK’s roster of major digital banking channels, which include the LANDBANK Mobile Banking App, weAccess, iAccess, Link.BizPortal, and the Electronic Modified Disbursement System (eMDS). The LANDBANKPay is free to download from the Google Play Store and iOS App Store for all users, even those without an existing LANDBANK account. 

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LANDBANK cash cards reach 9.8-M CCT, UCT beneficiaries

LANDBANK Aparri Branch distributes cash cards to 435 CCT and UCT program beneficiaries from the islands of Babuyan and Dalupiri in the Municipality of Calayan, Cagayan. About 9.8 million beneficiaries under the major social protection programs of the Department of Social Welfare and Development (DSWD) can now receive government subsidies in a timely, safe and convenient manner, as the Land Bank of the Philippines (LANDBANK) continues to ramp up the distribution of cash cards across the country. As of 31 March 2022, the state-run Bank has provided LANDBANK Cash Cards to 4.4 million Conditional Cash Transfer (CCT) beneficiaries and 5.4 million Unconditional Cash Transfer (UCT) beneficiaries covering the Department’s Social Pension and Listahanan beneficiaries. “On top of ensuring the timely and safe disbursement of government subsidies to the country’s most vulnerable sectors, the distribution of LANDBANK Cash Cards advances our efforts to bring more Filipinos into the formal banking system. This forms part of LANDBANK’s contribution to the National Government’s inclusive and sustainable development agenda,” said LANDBANK President and CEO Cecilia C. Borromeo.  CCT and UCT beneficiaries can use the LANDBANK Cash Cards to withdraw from LANDBANK Automated Teller Machines (ATMs) and Agent Banking Partners (ABPs) nationwide, as well as make cashless purchases in groceries and drugstores, among others. The LANDBANK Cash Cards were recently upgraded into transaction accounts to provide beneficiaries with wider access to an array of banking services, including cash card loading via LANDBANK branches, fund transfers through the LANDBANK Mobile Banking App, and cash-in via LANDBANK Cash Deposit Machines. In 2021, the Bank disbursed a total of P133.61 billion in cash grants to more than seven million CCT and UCT beneficiaries nationwide. LANDBANK remains steadfast in the fulfillment of its expanded mandate as the delivery arm for the National Government’s social protection initiatives, in line with servicing the country’s underserved and marginalized sectors. 

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LANDBANK Q1 digital transactions top P567-B

The Land Bank of the Philippines (LANDBANK) facilitated a total of 39.14 million transactions amounting to P567.61 billion from its major digital banking channels in the first three months of 2022—translating to a 36% and 22% year-on-year growth in volume of transactions and value, respectively. “LANDBANK’s digital transformation is geared towards providing accessible financial services to meet the growing needs of our customers. We are also driven towards greater digital adoption to advance financial inclusion in the country, in line with our expanded mandate of serving the nation,” said LANDBANK President and CEO Cecilia C. Borromeo.  She added that the demand for LANDBANK’s digital services continue to rise as more customers shift to using more convenient, reliable, and safe digital banking solutions, especially in the new normal. In particular, the LANDBANK Mobile Banking App (MBA) recorded 29.75 million transactions worth P47.18 billion for the first quarter of the year, or upsurges of 37% in volume and 46% in value, year-on-year. The LANDBANK weAccess—the Bank’s corporate internet banking platform—recorded more than six (6) million transactions worth nearly P143.19 billion, which translates to growths of 37% and 25%, respectively. Meanwhile, the Bank’s web-based payment facility, Link.BizPortal, facilitated around 1.38 million transactions equivalent to a 42% increase with corresponding total value of P3.41 billion or 58% growth rate.   LANDBANK’s online retail banking channel, iAccess, also logged a 26% jump in transactions value, at P4.46 billion compared to the P3.55 billion in the same period last year. The LANDBANK Electronic Modified Disbursement System (eMDS) for national government agency partners also posted an increase of 36% in transactions volume amounting to P368.06 billion, or 18% rise in value. With the continuous increase in the use of digital banking channels, the state-run Bank assures its customers that it maintains the highest level of security in all its systems, while also reminding customers to remain vigilant against online banking fraud and scams.   

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LANDBANK, gov’t partners spark hope for Antique student

Hope shines brightest in the dark – As darkness falls, college student Marvie Ann Berdin of Laua-an, Antique, relies on the dim light of a gas lamp as she completes her schoolwork. (Photo courtesy of Marvie Ann Berdin) LAUA-AN, Antique – In this rural town, the future shines bright for 18-year-old college student Marvie Ann Berdin.  Only a few years away from attaining her dream of becoming a civil engineer, Marvie continues to brave through numerous hardships and financial difficulties, thanks to the support she receives from various government agencies.   Marvie has had to face life’s challenges at a young age, with unemployed parents who could barely make ends meet, let alone finance the education of their eight children.  But Marvie was not deterred from attending elementary school, even if it meant travelling by foot for two hours and crossing a river every day. She also took on several jobs to support her education, including being a part-time house helper and a student assistant.  Augmenting their family income for daily expenses and medication for her ill father, Marvie’s mother, Maricel, regularly receives government subsidy as a beneficiary of the Conditional Cash Transfer (CCT) Program of the Department of Social Welfare and Development (DSWD). When previously, Maricel had to wait in line at the covered court in their barangay for almost the entire day just to get the cash aid during payouts, digital innovation has now made it easier for her to receive the subsidy. Since receiving a prepaid card from the Land Bank of the Philippines (LANDBANK), Maricel has been heading to the nearest LANDBANK Branch in San Jose, Antique, to withdraw the cash subsidy conveniently and safely in just a few minutes. “Dahil hindi marunong si mama mag-withdraw sa ATM, mas pinipili niya na mag-withdraw over-the-counter sa LANDBANK Branch. Palagi siyang inaalalayan ng mga staff doon,” Marvie narrates.  Recently, Maricel prefers to cash-out their subsidy from the Barbaza Multi-Purpose Cooperative, an Agent Banking Partner operating on behalf of LANDBANK, which caters to their town.  Apart from cash withdrawal from LANDBANK Branches and ATMs, CCT beneficiaries can also use the LANDBANK CCT Prepaid Cards to make cashless purchases in groceries and drugstores, among others.  The state-run Bank also recently converted the LANDBANK CCT Prepaid Cards into transaction accounts, which provides access to additional services such as cash loading via LANDBANK branches and Cash Deposit Machines, receiving of funds from other agencies through institutional top-up, from LANDBANK accounts through the LANDBANK Mobile Banking Application (MBA), iAccess and Automated Teller Machines (ATMs), and from other bank accounts via InstaPay. Along with the cash assistance the family receives, Marvie also receives a stipend to support her studies as a grantee of the Tertiary Education Subsidy (TES) Program of the Commission on Higher Education (CHED) and the Unified Student Financial Assistance System for Tertiary Education (UniFAST).  Currently, Marvie goes to the LANDBANK Antique Branch to encash the cheque she receives under the TES Program. Soon, she will benefit from LANDBANK’s partnership with CHED and UniFAST, with the ongoing distribution of LANDBANK CHED-UniFAST Prepaid Cards to TES beneficiaries.  The LANDBANK CHED-UniFAST Prepaid Card is a general-purpose reloadable card that functions as an electronic wallet and can be used as a debit or ATM card, allowing TES beneficiaries to conveniently withdraw their student allowance from LANDBANK ATMs, Branches, and Agent Banking Partners nationwide. They can also use the LANDBANK CHED-UniFAST Prepaid Cards for cashless payments, electronic fund transfers, and online account management, among others.  “Salamat sa LANDBANK sa magandang serbisyo upang maihatid ang suporta ng gobyerno sa akin at sa aking pamilya, lalo na ngayon panahon ng pandemya. Malaking tulong ang inyong produkto at serbisyo upang maipagpatuloy ko ang aking pag-aaral,” says Marvie.  Just recently, Marvie won second runner-up in the MyTEStimony photo contest of LANDBANK and CHED-UniFAST, where she photographed herself studying at home, with only a gas lamp as her only source of light. With the cash prize, she was able to buy a mobile phone that she uses for her online classes.   As part of its commitment of serving the nation, LANDBANK is the main distribution arm of financial assistance under the National Government’s social protection programs, in partnership with various government agencies.   

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LANDBANK expands prepaid card services for CCT, UCT beneficiaries

The LANDBANK San Carlos Branch distributes a total of 4,298 LANDBANK CCT-UCT Prepaid Cards to program beneficiaries in the Municipality of Malasiqui, Pangasinan, during card distribution activities on 28 May and 04 June 2022. About 10 million beneficiaries under the Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) Programs of the Department of Social Welfare and Development (DSWD) as of 31 May 2022 can now access a wider array of banking services, through their upgraded prepaid cards from the Land Bank of the Philippines (LANDBANK). The existing LANDBANK prepaid cards of the beneficiaries have been upgraded automatically into transaction accounts with expanded features to provide more convenient banking services. “We continuously enhance our products and services to meet the growing needs of our diverse clientele. This includes our delivery of government subsidies, geared towards providing vulnerable sectors with improved access to formal financial services,” said LANDBANK President and CEO Cecilia C. Borromeo.  The LANDBANK CCT-UCT Prepaid Cards now allow receiving of funds from LANDBANK accounts through fund transfers via the LANDBANK Mobile Banking App (MBA), iAccess, the LANDBANK Remittance System (LBRS) for overseas remittances, Automated Teller Machines (ATMs), and from other bank accounts via InstaPay and ATM fund transfers.   Beneficiaries are also now able to load their LANDBANK CCT-UCT Prepaid Cards via 231 LANDBANK Cash Deposit Machines (CDMs) and over-the-counter at select LANDBANK branches nationwide, as of 31 May 2022, allowing them to secure and save funds through their own transaction accounts.  In addition, beneficiaries can use 2,822 LANDBANK ATMs for cash withdrawal, bills payment, purchase of mobile prepaid load, and fund transfers to LANDBANK and other bank accounts. The LANDBANK CCT-UCT Prepaid Card can also be used to cash-out funds from the Bank’s 924 Agent Banking Partners (ABPs) nationwide. With LANDBANK’s recent partnership with Pito Axm Platform, Inc. (PAPI), the operator of 7-Eleven ATMs in the Philippines, beneficiaries can also withdraw cash free-of-charge from almost 1,700 7-Eleven ATMs in the country. These features complement previous functions of the prepaid cards, which can also be used for cashless transactions in groceries, pharmacies, convenience stores, and other accepting merchants via Point-of-Sale (POS) terminals, including balance inquiry via the LANDBANK MBA. The upgrading of LANDBANK CCT-UCT Prepaid Cards forms part of LANDBANK’s commitment to provide accessible, responsive, and secure financial services particularly to underserved sectors in the country. 

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LANDBANK, DSWD deliver P3.8-B cash aid under targeted ‘ayuda’ program

In partnership with the Department of Social Welfare and Development (DSWD), the Land Bank of the Philippines (LANDBANK) has disbursed a total of P3.8 billion in cash assistance to 3.8 million household-beneficiaries covering three payout tranches conducted under the Targeted Cash Transfer (TCT) Program as of 1 July 2022. The TCT Program aims to support around 12.4 million vulnerable households belonging to the bottom fifty percent (50%) of Filipino households, amid the rising prices of fuel and goods.  “Together with the DSWD, we will ensure the immediate distribution of cash assistance to all eligible beneficiaries under the TCT Program. We are one with the National Government in alleviating the plight of vulnerable sectors amid the increase in the price of fuel and other commodities,” said LANDBANK President and CEO Cecilia C. Borromeo. Under the Memorandum of Agreement (MOA) for the Program, the DSWD shall identify the list of beneficiaries, which includes the 10 million combined beneficiaries under the Department’s Conditional and Unconditional Cash Transfer (CCT and UCT) Programs, as well as 2.4 million low income-households in the database of the National Household Targeting System for Poverty Reduction or Listahanan Program.  Each eligible beneficiary will receive P500.00 per month for six (6) months, amounting to a total of P3,000.00 per beneficiary. The 3.8 million household-beneficiaries have already received P1,000.00 each or two-months’ worth of subsidies. Beneficiaries with existing LANDBANK Prepaid Cards will receive the subsidy directly through their cards, which they can also use for cashless transactions in groceries, pharmacies, convenience stores, and other accepting merchants via Point-of-Sale (POS) terminals, including balance inquiry via the LANDBANK Mobile Banking App (MBA). In addition, beneficiaries can use 2,822 LANDBANK ATMs nationwide, as of 31 May 2022, for cash withdrawal, bills payment, purchase of mobile prepaid load, and fund transfers to LANDBANK and other bank accounts.  The LANDBANK Prepaid Cards can also be used to cash-out funds from the Bank’s 924 Agent Banking Partners (ABPs) nationwide. As part of its commitment of serving the nation, LANDBANK is the main distribution arm of financial assistance under the National Government’s social protection programs, especially to vulnerable and underserved sectors. 

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LVDC E-commerce Promo

LANDBANK Visa Debit Card E-Commerce Promotional Campaign  OFFER:  Get up to P200 Cashback for a single minimum transaction of P100 in Netflix, Spotify, Google, and iTunes with your LANDBANK and OFBank Visa Debit Card.  PROMO MECHANICS:  1.    Existing and new LANDBANK and OFBank Visa Debit Card accountholders will get P100 cash back for a single minimum transaction of P100 made through any of the select international e-Commerce merchants ( Netflix, Google, iTunes, and Spotify) within the promo period. 2.    Each account holder is entitled to one (1) rebate per month to be credited within a minimum of fifteen (15) business days to forty (45) business days from the date of transaction. •    1st Month – July 15, 2022 to August 15, 2022 •    2nd Month – August 16, 2022 to September 15, 2022 3.    Promo period is from July 15, 2022 to September 15, 2022 TERMS AND CONDITIONS:  1.    Each qualified LANDBANK and OFBank Visa Debit accountholders will be entitled to one (1) rebate per month. Maximum eligible rebate per accountholder is P200 for the promo duration. 2.    Purchase must be from any of the following international merchants: MERCHANT  REMARKS  Google  Except Google Advertising Services and Google-check-out purchases  Netflix    Spotify  Including Podcasts  iTunes Except physical payment in Apple stores  Click here for the complete merchant category codes applicable in the promo.  3.    Qualified transactions shall be based on the data sent by the merchant/acquirer to VisaNet. 4.    A “Qualified Transaction” is defined as a successful payment transaction using a LANDBANK or OFBank Visa Debit Card for purchases/subscriptions in the abovementioned merchants within the Promo Period. 5.    Promo Exclusions: The following transactions are NOT Qualified for this Promo: a.    Domestic transactions in any of these merchants b.    Face-to-face transactions in any of these merchants c.    Transactions made through payment aggregators (ex. through telco bill or via PayPal for any of the above-mentioned subscription) d.    Reversed/cancelled payments 6.    The P100 maximum cashback will be credited to the qualified Cardholder of LANDBANK or OFBank Visa Debit account with transaction description, “LANDBANK Visa eComm Promo” on or before October 27, 2022 The cashback amount will be reflected on the Statement of Account and it will be reflected as part of the account’s transaction history which the Cardholder can access through the LANDBANK Digital Banking Channels (Mobile Banking Application and iAccess. 7.    LANDBANK reserves the right to reverse or adjust the cashback previously posted if the qualifying spend is disputed or cancelled on a later date, or if the transaction is found to be invalid or fraudulent, or if there is erroneous posting of the cashback on the Cardholder’s account. 8.    LANDBANK is not an agent of any of the participating merchants and makes no representation as to the quality of goods and services provided. All feedback regarding the quality of goods and services provided should be directed to the respective merchants. 9.    In case of dispute in respect of but not limited to the Cardholder’s eligibility, coverage of dates, fulfillment, etc., LANDBANK’s decision shall prevail. All questions or disputes regarding the Cardholder’s eligibility for the promo shall be resolved by LANDBANK with the concurrence of DTI. 10.    DTI Fair Trade Permit No. FTEB-147411 Series of 2022.

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LANDBANK backs Biliran’s dev’t push

The Provincial Government of Biliran tapped LANDBANK to finance the construction of a flood control system in the Municipality of Naval (left photo) and acquisition of medical equipment and ambulances (center and right photos), among other development projects to enhance the delivery of essential public services in the province.  BILIRAN – State-run Land Bank of the Philippines (LANDBANK) is doing its share to accelerate recovery and development of this island province by catering to the banking and financial needs of the provincial government and its eight municipalities.  LANDBANK is the sole servicing bank in Biliran with a 100% share in deposits and loans of all local government units (LGUs) of the province—making the Bank the biggest development partner of the LGUs towards inclusive and sustainable local development. “Biliran is full of promising opportunities with its rich natural resources and flourishing agriculture and tourism sectors. LANDBANK fully supports the province’s development agenda by servicing the requirements of all LGUs and other local stakeholders,” said LANDBANK President and CEO Cecilia C. Borromeo.  As of 30 June 2022, LANDBANK has approved loans to Biliran LGUs amounting to P747.9 million, which include financing for the construction of road networks, waterworks systems, public markets and government buildings, and acquisition of essential equipment, among others.  In support of the Provincial Government’s COVID-19 response, LANDBANK financed the acquisition of medical equipment and supplies to boost the healthcare services of the Biliran Provincial Hospital—the only public hospital in the province.  The Bank likewise supported the provincial government in the acquisition of land and sea ambulances to assist all municipalities for the expedient transfer of patients to the provincial hospital.  The provincial government was also assisted by the Bank to complete a four-kilometer road, drainage and flood control systems, water reservoir and perimeter fence in the Municipality of Naval, which serves as the provincial capital.  LANDBANK’s outstanding loans to Biliran’s agriculture sector have reached P79.2 million, with nearly 25,000 farmers and fishers assisted as of end-June 2022. Major provincial commodities financed include the production of milkfish and palay. At the same time, LANDBANK also facilitates the regular disbursement of subsidies to over 20,000 local beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD).  The CCT and UCT beneficiaries can use their LANDBANK Prepaid Cards for cash withdrawals from the Bank’s eight automated teller machines (ATMs) and three Agent Banking Partners (APBs) in the province, as well as for cashless purchases in groceries and drugstores with point-of-sale (POS) terminals.  The LANDBANK Prepaid Cards are now upgraded into transaction accounts with expanded features to provide a more convenient banking service to users. New features include receiving funds from LANDBANK accounts through fund transfers via the LANDBANK Mobile Banking App (MBA), iAccess, the LANDBANK Remittance System (LBRS) for overseas remittances, ATMs, and from other bank accounts via InstaPay and ATM fund transfers. LANDBANK is also providing Biliran LGUs digital banking facilities designed to enhance operational efficiency. These services include digital account management via the LANDBANK weAccess, online payment and collection of local fees and charges powered by the LANDBANK Link.BizPortal, and digital tax payments through the LANDBANK Electronic Tax Payment System (eTPS).  The Bank is also looking to expand its accessible touchpoints with two additional ATMs in the towns of Kawayan and Cabucgayan within the year. LANDBANK, the only bank present in all 81 provinces in the country, is the biggest development partner servicing the LGU sector, with outstanding loans reaching P79.23 billion as of end-May 2022 and all LGUs nationwide maintaining deposit accounts with the state-run Bank.  

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LANDBANK launches ’PISO’ account for unbanked Filipinos

Students, public utility vehicle drivers, vendors, household helpers, farmers, fishers, and other unbanked and underserved Filipinos can now open a LANDBANK PISO account with just P1.00 as minimum initial deposit. The Land Bank of the Philippines (LANDBANK) offers a new product to help bring more unbanked and underserved Filipinos—including students, public utility vehicle drivers, vendors, household helpers, farmers, and fishers—into the country’s formal banking system. Through the LANDBANK “Perang Inimpok Savings Option” or PISO account, interested customers can open a LANDBANK deposit account with only P1.00 as minimum initial deposit and up to a maximum of P50,000 account balance. The depositor is only required to submit one (1) valid identification card or any Barangay certification, clearance, or ID for verification. The LANDBANK PISO account is being offered to individuals without an existing LANDBANK deposit account and have no capacity to open a regular deposit savings account with higher initial deposit and maintaining balance requirements.   “The LANDBANK PISO is another testament of our commitment to advance the National Government’s financial inclusion agenda. We continue to develop accessible and convenient banking products relevant to the diverse needs of our customers, including the unbanked and underserved,” said LANDBANK President and CEO Cecilia C. Borromeo.  With the LANDBANK PISO, accountholders can access the Bank’s array of digital banking channels such as the iAccess, Link.BizPortal, and the Mobile Banking App for fund transfer, bills payment, and balance inquiry services. Accountholders can also use the PISO account in any LANDBANK, BancNet, and 7-Eleven Automated Teller Machines (ATMs), domestic Point-of-Sale (POS) terminals, and for over-the-counter transactions in their respective LANDBANK branch of account.  Interested individuals may go to the nearest LANDBANK Branch in their area to open a LANDBANK PISO account. LANDBANK remains to be the only bank present in all of the country’s 81 provinces. As of 30 June 2022, the state-run Bank operates 608 branches; 2,847 ATMs; and 233 Cash Deposit Machines nationwide.

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Foreign Exchange Rates

As of Thu, September 25, 2025


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