Maximum ATM Cash Withdrawal Amount per Day in Philippine ATM/Cash Machine

http://paetechie.blogspot.com/2008/07/maximum-atm-cash-withdrawal-amount-per.html

I usually get queries on why i advocate using your own bank's ATM for cash withdrawals and other transactions to avoid transaction charges. This time, I read about a complaint from a foreigner complaining about the P4k limit on ATM withdrawals. Note that since he's withdrawing from his account held in a foreign bank, he'll incur more charges if he needs more than P4k. I suggest he use BancNet ATMs that allow at least P10k per transaction that costs one third transaction fees (you need to transact three times in ATMs of Megalink and ExpressNet thereby incurring three times more charges.

For local bank accounts, you can withdraw your money from the ATM with the following limits:

Allied Bank 20K
Asia United Bank 100K
Banco de Oro
Banco Filipino 20K or 5x withdrawal
Banco San Juan 20K
Bank of the Philippine Islands (BPI) P20K
Centennial Bank 20K
China Bank 20K (combined w/ POS & IBFT)
Chinatrust Bank 50K
Citibank 150K
Citibank Savings Bank 150K
Citystate Savings Bank 20K
East West Bank 50K (combined w/ IBFT)
Export Bank 40K
Green Bank 20K
Malayan Bank 20K
Metrobank Regular - 30K Special - 50K
NationLink 20K
OMB 20K
PBCom 20K
Philippine National Bank (PNB)
Philtrust Bank 20K
Postal Bank 20K
PSBank Gold - 50K Regular - 30K
QCRB 20K
RCBC 50K (combined w/ IBFT)
RCBC Savings Bank 50K (combined w/ POS & IBFT)
Real Bank 20K
Security Bank Reg. Card - 40K (combined w/ IBFT)
Cashlink - 40K (combined w/ IBFT)
Sterling Bank 40K
Standard Chartered Bank 100K
Tong Yang Bank 50K
Union Bank
World Partners Bank 20K

Notes:

Data on other banks to follow once available

POS = Point-of-Sale

For BPI, you need to withdraw the P20k at the ATM before withdrawing over the counter.

Limits are imposed by the card issuing bank (where the account is)

BancNet currently allows at least P10k per transaction for member banks. Megalink and ExpressNet lowered this to P4k.

Should you need to withdraw more than P4k, transact at your own bank's ATM, BancNet then Megalink/ExpressNet, in that order of preference (particularly for those using VISA and Mastercard cash advances and Plus, Cirrus, Maestro ATM cash withdrawals from US or foreign banks.


Technorati Tags: Philippine Banking

6 Comments:

At July 28, 2008 7:40 AM, JayAshKal said...

I have long ago stopped withdrawing cash from ATM account. not that I don't have anymore cash to withdraw (that's partly the reason! hehehee.). I just use my credit card whenever I can, I do get points BUT one has to be really discipline (I am not!) to pay the balance as you go along, otherwise this will negate the benefits of paying via credit cards. At the end of the month or by visiting my online account I know and can see a running total of what I've been spending on. Obviously it's not that you can always pay via credit all the time. Great post!

At July 28, 2008 10:04 PM, tutubi said...

jayashkal, credit is good if you can handle it. not for all people though and not all merchants accept cards

At August 3, 2008 2:31 PM, juler said...

they are implementing withdrawal limit to insure their(bank) cash position will not be prejudice.

This way they can have time to invest the extra money to investments which ROI is greater than the bank interest rates. Pretty smart isn't it?

btw, i just added your blog..

keep on blogging and good day.

At August 3, 2008 2:49 PM, tutubi said...

juler, it's alsopart of risk assessments. my contact mostly from Audit group was the one adamant on the P20k limit without even thinking of inflation :(

At February 27, 2009 8:15 PM, Anonymous said...

Hi all... Can somebody help me??? I need to know if Allied Bank accepts Maestro card as I am thinking to send my maestro card to my mum in philippines. It is so expensive to send money via Western union. Thanks!!!

At March 1, 2009 11:20 AM, paetechie said...

anonymous, afaik, Allied bank does not accept maestro. i've only seen the maestro logo on Metrobank and BPI atms. not sure about the others for i always transact at my own banks' atms (chinabank and BPI)

ATM Charges in the Philippines: BancNet, Megalink, Expressnet, Mastercard, Cirrus, Maestro, Visa, Plus, JCB, China Union Pay

http://paetechie.blogspot.com/2007/11/atm-charges-philippines-bancnet.html

Updated ATM charges per transaction in the Philippines:

Balance Inquiry Transaction Fee:

On-us/proprietary: Free
Interbank (switched by BancNet: P1
Megalink: P1 (see note below)
ExpressNet: None
Cirrus/Maestro: $1
Plus: $1

Banks who charge P2 balance inquiry fee: PNB, UnionBank, Bank of Commerce, One Network Bank, Equitable PCI Bank, Equitable Savings Bank, LBC Bank

ATM Cash Withdrawal Transaction Fee

On-us/proprietary: Free
Interbank (BancNet, Megalink, Expressnet): P8 to P12.50

Banks with highest charges: OMB (P12.50), UnionBank (P12), UCPB (P11), Bank of Commerce (P11), PNB (P11), UCPB (P11)

Banks with no charge: Citibank, Citibank Savings, HSBC

Cirrus/Maestro: $3.5
Plus: $3.0
(these rates apply also to ATM transactions abroad)

ENCASH ATM Cash Withdrawal: add P25 or P45 convenience fees on top of normal transaction charge (there is a warning screen for this)

Nationlink ATM Cash Withdrawal: add P20 convenience fees on top of normaltransaction charge (there is a warning screen for this)

Note there is a maximum amount per withdrawal for switched transactions of P10,000.00 via BancNet or Megalink. BPI recently lowered this to P5,000.00. For on-us/proprietary transactions, the issuing bank's set amount is applied.

Fund Transfers via ATM Fee

On-us/Proprietary (if available): Free
Interbank (BancNet) : P25 (real time credit)
Interbank (Megalink): P25 (next day credit)


* called IBFT by BancNet, short for Interbank Funds Transfer

Bills Payment via ATM Fee

This service is free to all cardholders. It's the biller institution who pays the processor the fees per transaction.

Cash Advance Fees

Using credit cards to withdraw cash on ATMs (funds subject also to interest rates)
VISA, Mastercard: P300 or 3% of amount whichever is higher
American Express (AMEX): 5% of cash advance or P500 whichever is higher
Diner's Club: 5% of cash advance amount or P250 whichever is higher

Many ATMs in the Philippines eg.g BPI (Bank of the Philippine Islands), Metrobank and PSBank accept VISA/VISA Electron/Plus, Mastercard/Cirrus/Maestro where their logos are displayed

American Express is accepted at BPI ATMs

China Union Pay (CUP) cardholders can inquire balance and withdraw funds from BancNet ATMs plus shop using BancNet Point-of-Sale (POS) which is similar to BPI EPS and ECN. No information yet on the charges.

No update yet whether Japan's JCB will interconnect with a local ATM consortium.
Cirrus and Maestro are affiliated with MasterCard; Plus is a VISA affiliate.

Using your Philippine-issued ATM card abroad is only possible for Cirrus, Maestro, and Plus affiliated banks (e.g. BPI International for Cirrus/Maestro). Inquire at your own bank for details.

How to avoid ATM transaction Charges in the Philippines:

1. Transact only at your own bank's ATMs
2. Open an account at Citibank, Citibank Savings or other banks that do not charge ATM withdrawals and account balance inquiries to their cardholders.
3. Open an account at a bank with an ATM near your place.
4. Do not put your money in the bank, invest it some place else :P

Note that transaction charges can be thought of as convenience fees; you pay the charges instead of wasting your time and spending money on fares/gas going to your own bank's ATMs.

ExpressNet Member Banks (5):
Bank of the Philippine Islands (BPI), BPI Family Bank, Land Bank of the Philippines (Landbank, LBP), Hong Kong Shanghai Bank (HSBC), HSBC Savings

BancNet Member Banks (31):
Allied Bank, Asia United Bank (AUB), Banco Filipino, Banco San Juan, CentennialSavings Bank, China Banking Corporation (Chinabank), Chinatrust Bank, Citibank, N.A., Citibank Savings Bank, Citystate Savings Bank, East West Bank, Export and Industry Bank (Exportbank), Green Bank of Caraga, Malayan Bank, Manila Bank, Merchants Bank, Metrobank, Opportunity Microfinance Bank, Philtrust Bank, Philippine Bank of Communications (PBCOM), Postal Bank, PSBank, Quezon Capital Rural Bank (QCRB), Real Bank, Rizal Commercial Banking Corporation (RCBC), RCBC Savings Bank, Security Bank, Standard Chartered Bank, Sterling Bank of Asia, Tong Yang Savings Bank, World Partners Bank

Megalink Member Banks:
AsiaTrust Bank, Banco de Oro (BDO), Pacific Ace Bank, Bank of Commerce, Philam Savings Bank, Development Bank of the Philippines, Philippine National Bank (PNB), Equitable PCI Bank, Philippine Veterans Bank, Equitable Savings Bank, Premiere Development Bank, Insular Savings Bank, Prudential Bank, International Exchange Bank (iBank, now part of Unionbank), Queen City Development Bank, Keppel Bank Philippines, Robinsons Savings Bank, LBC Bank, Union Bank of the Philippines, Maybank Philippines, United Coconut Planters Bank (UCPB), Pacific Ace Savings Bank

Nationlink Member Banks (A member of BancNet):
National Confederation of Cooperatives (NATCCO), Kaunlaran Bank, Kaunlaran Rural Bank of Manaoag, Optimum Development Bank, Malasiqui Rural Bank, Community Rural Bank of Dapitan, Metro Ormoc Community Cooperative (OCCCI)

ENCASH Member Banks(A member of Megalink):
Rural Bank of FloridaBlanca, GM Bank, Bangko Kabayan, Rural Bank of Tiaong, Progressive Rural Bank, Rural Bank of Puerto Galera, Cantillan Bank, First Valley Bank, Rural Bank of Calasiao, Balai Isabel, GM Bank, Jose Panganiban Rural Bank,
Rural Bank of Nabua, G7 Bank

You may visit your bank's website for ATM locator service to know where to find ATMs in the Philippines. For example, in Boracay, there are ATMs by Metrobank, Allied Bank and BPI.

Updated: February 23, 2008


Tags:

Cash Machine Charges in the Philippines, ATM Transaction Fees in the Philippines,ATM Charges in the Philippines, ATM Fees in the Philippines,Philippines,

How Safe is your Money in the Bank?

http://pinoy-business.com/content/view/785/59/.

posted 2008 september 14.

Written by Pinoy Entrepreneur, on 14-09-2008

A bank run is a financial crisis, a panic which occurs when a large number of customers of a bank fear it is insolvent and withdraw their deposits. You may still remember the bank run suffered by Urban Bank some years back. It's also a rude awakening that even big banks suffer a financial crisis which adversely affects its depositors. Incidentally, and by way of update, even giant US financial institutions like Fannie Mae and Freddie Mac had to be bailed out; Lehman Brothers is having serious problems and AIG is fighting to survive. (See the poll at the left side of this blog: Are you comfortable right now with your money in the bank? See initial results here.).

If that level of financial crisis could hit big banks, it could definitely hit smaller banks. Only a month or two ago, the Philippine Deposit Insurance Corporation (PDIC) announced that the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) placed the Sandigan Savings Bank, Inc. under receivership. The PDIC took over Sandigan Savings Bank and its branches, assets, records and affairs on 24 August 2007. The PDIC also took over Rural Bank of Sebaste (Antique), Inc. (RBSI) and Maranao Rural Bank, Inc. (MRBI), both of which were also ordered closed by the BSP. In light of these closures, let's discuss the insurance coverage of your money in the bank.

The PDIC is the government agency that provides for insurance of bank deposits. Since all operating banks are required to be members of PDIC, deposits in all banks are insured. All peso and foreign currency savings deposit accounts, time deposit accounts, current or demand deposit or checking accounts in a bank are insured. If deposits are covered by insurance, then there's no need to worry, right? Well, yes, but there are things you might want to know.

The insurance coverage is based on the net amount, after deducting withholding taxes and the depositor's unpaid loans and other obligations, if any, to the bank. Also, if you have millions of deposit with a bank, not all of the amount is covered by insurance. The maximum deposit insurance coverage is only P250,000. This is the maximum coverage for each depositor, and all deposit accounts by a depositor in the same right and capacity are be added together. It doesn't really make a difference if you have two accounts, perhaps a dollar account and a peso account, or a savings account and a time deposit account. (Note: In October 2008, Pres. Arroyo approved the proposal to increase the insurance coverage to P1 Million, but this requires legislation fromCongress. This will definitely sustain the confidence of accountholders. Let's see if this will materialize.)

The insurance covers "deposits". This includes, peso and foreign currency savings deposit accounts, time deposit accounts, and current or demand deposit or checking accounts. On the other hand, investments like a Unit Investment Trust Fund or UITF (an open-end trust fund), is NOT considered as a deposit and is, therefore, NOT covered by PDIC insurance. Still, this discussion should not deter you from supporting the "Mag-impok sa Bangko" campaign. Savings are equally important as investments in the life of the Pinoy Entrepreneur.

(By the way, the poll that ran from 16-29 September 2008 -- "Comfortable with your money in the bank?" -- got a modest 14 votes: 71.4% says "No" and 28.6% says "Yes".) You could still expres your opinion through the comment section below.)

Chinatrust Visa Debit & Cash Card CAN shop at over 60,000 Visa merchant locations nation¬wide and at over 27 million locations worldwide

.

All You Need To Know About Your Chinatrust Visa Debit & Cash Card No Account Opening, No Maintaining Balance Needed Unlike a credit card that extends credit to the cardholder that is payable on a specific date, your card is already loaded with cash from your pension. Worldwide ATM Access You can use your Chinatrust Visa Cash Card to withdraw cash at the Chinatrust ATMs and over 7,000 BancNet (Megalink and Expressnet) ATMs nationwide. And with Visa, you can withdraw cash at over 1 million ATMs worldwide. Please select ‘Savings’ Account when using the card at the ATM. Worldwide Shopping Pay for groceries or shop at over 60,000 Visa merchant locations nation¬wide and at over 27 million locations worldwide. Just swipe and sign to pay for your purchases at any outlet (supermarkets, department stores, restaurants, etc.) that bear the Visa or BancNet mark (your card gets debited for the amount of your purchase, no extra charges!) Please take note that you can use your card up to the amount loaded -your transaction will be rejected if your remaining balance is less than the amount of your purchase or payment. Auto Loading of your Pension and Text Alert Your SSS pension is automatically loaded to your card each month. If you subscribe to the text alert service upon activation, you will receive a text message on your cellphone each time your card is loaded with your pension. If you wish to provide a new cellphone number, please call Chinatrust 24/7 Customer Care (the numbers are indicated at the back of your card). For further inquiry please call our Customer Care at (632) 8401234 1800 10 8401234 (Domestic Toll-Free) +800 2 8401234 (International Toll-Free) * * Limited only to the USA, Canada, Singapore, UK and Italy.

Copyright © 2009. Chinatrust [Philippines] Commercial Bank Corporation.

Paypal Subscription Payments now available

http://www.yugatech.com/blog/netrepreneur/paypal-subscription-payments-now-available/

Posted September 14th, 2008

Published by: yuga under: Netrepreneur.8 replies

posted: September 14th, 2008

Last Friday, I was able to meet up and have a short meeting with Paypal’s Head of Asia Merchant Services based in Singapore and discuss some important developments both in the state of local e-commerce and the role Paypal wants to play in the market.

One of the more useful features of Paypal is the subscription or recurring payments which automatically bill people on a regular basis. This feature wasn’t available for Philippine Paypal accounts until recently.

As the Philippines is an emerging market, there’s huge potential here that’s why Paypal have been diligently pushing their services in the country. Below is a quick run down of the issues we talked about:

• Size of the market. Only about 1 million Filipinos have credit cards in the Philippines. That’s less than 2% of the total population. There’s a huge gap that Paypal wants to fill in. Their primary goal is to tap the merchants to offer Paypal payments as an alternative to credit cards.
• The Subscription & Recurring Payments. A month or two ago, this feature wasn’t available for Philippine Paypal users (my US Paypal account had it). It was a feature I really wanted so I don’t have to send billing requests for my advertisers every end of the month. This can be access via the Merchant Tools tab inside your Paypal account.
• Paypal Plus Credit Card by Mastercard. I was told this is only available if you have a Paypal account in the US, Australia or UK. This is only offered to highly saturated markets where credit card penetration and total market volume is very high.
• Withdrawal Limits. There are no withdrawal limits when you withdraw thru your bank but there’s a $500 maximum limit when you withdraw via credit card. The credit card limit is a security measure against potential credit card fraud.
• Additional Bank Fees. We’re already familiar on how much Paypal charges for withdrawal transactions (EFT). That’s $5 for each credit card withdrawal and Php50 for bank withdrawals less than Php7,000. Beyond that, Paypal has no control whatsoever and it looks like banks also add charges for these EFTs which is usually Php200. We’re not sure if these are clearing charges or bank wire charges.
• Effective Foreign Exchange Rates. It’s pretty obvious that when doing withdrawals the existing FOREX rates are below the current rates. That’s actually a 2% exchange rate fee — this is where the banks make money off of dealing with Paypal.
• Local Currency. I’ve heard some people were interested to have a Peso Paypal currency in their account. Philippine Paypal accounts are still in US Dollars. There are a ton of paperworks and requirements that are needed to be done in order to do this.
• Philippine Paypal Office. They have people working off of their Hong Kong office. A Philippine office is still nowhere in sight as there’s no immediate need for it now.

The number of Paypal users in the Philippines has grown a lot since Paypal offered bank withdrawals but they cannot comment on the exact number as corporate policy. We talked about several other things that I can’t share publicly though. Still, it’s nice to learn Paypal has its eyes focused on the Philippine market.

Update: I have two Paypal accounts. One 5-year old US Paypal and a 2-year old Philippine account. Comments below indicate that the Subscription fetaure has been there for months already though mine did not show it until recently (I compared the Philippine account and the US account).

How to Verify Paypal Philippines using EON Visa Debit Credit Card

http://latest-gadgets-tech.blogspot.com/2008/10/verify-paypal-philippines-using-eon.html

posted wednesday 22 october 2008

How to Verify Paypal Philippines using EON Visa Debit Credit Card

How to have a verified Paypal in the Philippines using UnionBank’s EON Visa Debit Credit Card. Follow my steps and have it verified without failed in less than a month! Works 100% of the time.

Verify Paypal Philippines using EON Visa Debit Credit Card

Hi folks, do you lived in the Philippines, with Philippines now a Paypal country, the perks of eBAY merchandising, selling and buying; the freelance works done from outsourcing can all be paid and used through Paypal.

Paypal is an online cash system widely accepted all through out the internet since way back early in the 90’s. Paypal Philippines is just a couple of years old, and with Western Union’s crazy fees and the non participation of Philippine Banks to Money transfer from banks around across the world, Paypal has become an ideal monetary exchange program for Filipinos all through out the Archipealago.

Why the need to be a Verified Paypal User?

Answer is simple, you cannot withdraw the money in your Paypal account unless you become a verified user. You will have limits in your accounts, like the amount that you can transfer is limited to only a few couple of hundreds of dollars, and the amount you can received is just a few thousand. Worst you can’t take your Paypal funds and have them in your bank account even though you have clearly state in the interface in the website correct amounts and bank details. In short, just get verified and you will see the big greens ahead

How did I become Verified? Simple steps are listed below:

First you’re gonna need a Credit Card. I have 4 Credit cards, but none I used for online transactions. Why? I have been a victim of hacking on my MasterCard before so I decided to use debit Visa cards instead after that incident.

The best way to get a debit credit card is through banks that offers them. BPI offers MasterCards debit cards through Express Cash banking systems, but the one I liked most is non other than UnionBanks EON Visa Card. Because it’s a Visa Credit Card but with the debit twist. You have to go to a UnionBank branch near you or the place you work to apply for one.

Requirements are 2 valid ID’s, one is premium or government supplied and the other as supplementary or Company supplied. Bring in a wooping $125.00 [it’s peso btw lol] as a transaction fee of some sorts. Then after 2-3 weeks get back at the bank and get your VISA debit Credit Card. But be ready with another wooping $350.00 [again change the amount to peso lol] for the annual fee, and plug in a good 500 peso bill in the counter to have the card some transaction history. This is important. Don’t skip the steps above.

After 2-3 days go to your UnionBank’s ATM machine and check your savings balance. If you see your 500 pesoses in there then all is good, go to a nearby church and thank God.



EON Cyber Account application is a Must

Then after a few hours or even minutes or yes even seconds go online and apply for UnionBank’s EON online banking, you won’t miss it, I don’t want to give live links so use Google and search “unionbank philippines” or something like that and register. Then you have to wait 1-3 weeks depending on the mood of the data entry guy till your EON online banking gets approved.

Now go and log in to your Paypal account, click on the lift the limits tab and add the EON Visa Credit card. If you are able to Log in now to the EON online Banking, ebanking or Cyber account thinggamagig then in less than 48 hours you can get the EXPUSE number needed to have for your Paypal to have it’s limits waived off.

click on the image for a larger view

The EXPUSE is next to the transaction thing with the word PAYPAL written all over.

And there you have it, Paypal will deduct atleast a 100+ pesos in your EON Visa Card and will gladly pay you back the $1.95 [this time its USD] through Paypals credits.

I reckon you will try and apply for a premium Paypal membership to get the ball rolling and have all the limits erase for you to withdraw the money in your account to your EON Credit Card. Paypal will take 3 days for the money to clear and have transaction completed and your UnionBank system will eat up 3-5 days to have the money showing in your EON Card Account. After which you can swipe and buy stuff with your VISA Card or if not withdraw the money in an ATM and enjoy life to the fullest. LOL

Over all time frame till SHOW ME THE MONEY. This is a rough estimate to erase all your high hopes NOYPI style.

click on the image for a larger view

14-28 days , 2-3 Weeks = EON Debit Visa Credit Card Application

2-3 days = EON Debit Visa Credit Card test transaction e.g. ATM money check account balance etc.

7-28 days, 1-3 Weeks = EON Debit Visa Credit Card Cyber Account or eBanking application and approval

1-3 days = EON Debit Visa Credit Card added to Paypal and to have Paypal send you the EXPUSE number

1-2 days = EON Debit Visa Credit Card Cyber Account or eBanking online shows the EXPUSE number

1-2 days = EON Debit Visa Credit Card Cyber added to Paypal with Expuse number and become Verified

7-14 days 1-2 Weeks= Withdrawing and Clearing of money to your EON Debit Visa Credit Card from Paypal
________________________________
TOTAL = roughly 4-8 Weeks till you get your online money to be going straight to the real world. Not bad eh? That’s life live with it.

Oh before I forget after you have done a couple of transaction, withdrawing, recieving and adding money to Paypal and EON, the next clearing period becomes 24 hours to 2 days combined, guess having trust works in online automated systems too. Cache or Caching! LOL kthnxbai

You can now pay PAL e-tickets from your BANCNET ATM account

Philippine Airlines and BancNet bring you another first in the airline industry. BancNet ATM cardholders can now purchase Philippine Airlines domestic tickets without leaving home. Get your electronic ticket instantly after securing online approval from your depository bank.

What is BancNet?
BancNet is the largest electronic banking consortium in the Philippines with 54 members and affiliates.

What is a BancNet ATM card?
A BancNet ATM card is an ATM card issued by a BancNet member banks. You may refer to www.bancnetonline.com to view the complete list of members.

Can I use BancNet ATM Card to purchase ticket online at www.philippineairlines.com?
Only the following ATM cards issued by banks listed below may purchase ticket online at the PAL website:
• Allied Bank
• Asia United Bank
• China Bank
• Chinatrust Bank
• Citystate Savings Bank
• Metrobank
• PBCom
• Philippine National Bank
• Philtrust
• Postal Bank
• RCBC
• RCBC Savings
• Robinsons Savings Bank
• Security Bank
• Standard Chartered Bank
• Sterling Bank

My Bank is a BancNet member, why can’t I purchase ticket online?
Your bank may not be enabled yet for internet transactions. Kindly contact your bank for more information.

What type of ticket can I purchase using my BancNet ATM Card?
You may use your BancNet ATM Card to pay for domestic ticket only.

Is there a transaction limit in using my BancNet ATM card?
BancNet member banks may or may not have transaction limit defined for their cardholders. The cardholder may contact the depository bank for the transaction limit details.

Does PAL accept ATM card payment at the ticket office?
No. BancNet ATM card payment is only available online.

What is an ATM/Debit Card?
An ATM Card is issued by a bank and linked to an account holder’s savings or checking account. Payments made with a BancNet ATM card is deducted in real-time from the user’s bank account. The account holder must have sufficient funds in his account in order to make a payment.

I have a BancNet member-bank cash card, can I use this to make payments at www.philippineairlines.com?
Yes, BancNet member banks’ cash cards may be used to make online purchases.

Do I need to enroll to use my BancNet ATM Card to make payments via BancNet Online Services?
All banks (except Robinsons Savings Bank) do not need enrollment. You can transact online immediately with your BancNet ATM Card Number and ATM PIN.

Where can I find my ATM card number?
Your ATM Card Number is found on the front face of your ATM Card. ATM Card Number is different from Account Number.

What is a Member Number?
Some BancNet Member Banks require their account holders to input their Member Number when making payments via BancNet Online Services.Member banks that have Member Numbers are Allied Bank, Chinatrust, Metrobank, Philtrust, RCBC and RCBC Savings Bank.

Click here to identify your member number

How do I pay for my ticket online?
After choosing your flight schedule, choose BancNet from the list of Payment Modes. Choose your Bank from the drop-down list and click Submit. Enter your ATM card number, member number, account type (savings or checking), and enter your ATM PIN by clicking on the corresponding numbers with your mouse. If your card issuer approves the transaction, your electronic ticket will be issued shortly.

Why can’t I type my ATM Personal Identification Number (PIN)?
This is to protect the accountholder from malicious programs such as keyloggers.

Why are the numbers not in order on the ATM PIN PAD?
This is another security feature of BancNet to protect accountholders from shoulder surfers – people who attempt to capture sensitive user information (i.e. ATM PIN) by direct observation such as looking over someone’s shoulder or observing from a distance. The numbers on the PIN Pad are randomized after every session.

How can I check if I have sufficient balance to make a payment?
BancNet ATM cardholders may check their balance by visiting www.bancnetonline.com. There is no fee to make a balance inquiry.

http://www.philippineairlines.com/faq/bancnet/faq_bancnet.jsp

Smart, BDO expand electronic banking partnership

By Mary Ann LL. Reyes (The Philippine Star) Updated September 26, 2009 12:00 AM

MANILA, Philippines - Leading wireless services provider Smart Communications has expanded its tie up with Banco de Oro Unibank (BDO) on their mobile and electronic banking partnership.

The enhanced team up will now enable mobile subscribers to purchase electronic load for Smart Buddy and Talk ‘N Text accounts anytime, anywhere through BDO ATMs, phone banking and Internet banking systems.

Smart officials explained that this complements the earlier engagements with BDO, foremost of which is mobile banking, which allows Smart subscribers to perform BDO account inquiries, fund transfers, airtime purchases and Smart Money reloading, with just a few clicks on the SIM-based mobile commerce menu of Smart.

BDO is also Smart’s first issuer bank for Smart Money — the world’s first reloadable payment card linked to a mobile phone with a Smart SIM.

“As the country’s leading telco, our job is to provide the communications infrastructure that will enable the banking industry to offer new, innovative services to their customers. The enhancements of our partnership with BDO, will enable us to provide an expanded and more robust electronic banking experience to the increasingly mobile Filipino,” Smart financial services group head Jojo Malolos added.

For his part, BDO senior vice president and group head for transaction banking Ismael Estela said BDO’s extensive network, combined with Smart’s advanced mobile commerce technology, will help the bank provide their customers with faster, more convenient and more secure ways of managing their banking requirements.

Smart has been actively promoting mobile commerce services in the Philippines since 2000. The company has likewise developed a global financial and telecommunications services hub model called the Smart Financial Services Hub (SFSH), based on the features and capabilities of its Smart Money electronic financial services platform.

BDO is the largest local bank in terms of assets, loans and deposits and ranked third in terms of capital, as of the end of the first quarter of 2009. Notwithstanding the prevailing tough economic environment, the bank keeps an optimistic outlook for the rest of the year, targeting a full-year profit of P5.5 billion.

View previous articles from this author.

http://www.philstar.com/Article.aspx?articleid=508610

Smart, BPI tie up for mobile phone banking transactions

By Mary Ann Ll. Reyes (The Philippine Star) Updated September 30, 2009 12:00 AM

MANILA, Philippines - Bank of the Philippine Islands (BPI) and Smart Communications unveiled yesterday a new service that will allow bank clients who are also Smart subscribers to do a wide range of bank transactions through their mobile phones.

The BPI-Smart Full-Mobile Banking is a huge upgrade for BPI clients who are Smart subscribers since balance inquiry transaction was previously the only function that can be used through the key-based mobile banking facilities. Now, they cannot only balance inquiry but also do fund transfers, bill payments, Smart prepaid airtime reloading and Smart Money reloading.

Philippine Long Distance Telephone Co. (PLDT) and Smart president and CEO Napoleon Nazareno said they see bright prospects for mobile commerce in the Philippines.

“As the country’s leading telco, we have adopted the fundamental strategy of providing relevant communication solutions and mobile security infrastructure to our partner banks. We are confident that this partnership with BPI, the country’s pioneer in electronic banking, will result in an expanded, more secure, and more convenient mobile banking experience for millions of Smart and BPI customers,” Nazareno added.

For his part, BPI president and CEO Aurelio Montinola III pointed out that it is really part of BPI’s commitment to take advantage of alternative channels to make banking more convenient to their clients, adding that the menu-driven BPI-Smart Full-Mobile Banking is banking made easy.

He emphasized that regardless of the telco provider of their clients, BPI wants to give its clients the capacity to do mobile banking. “We want to take advantage of alternative channels to make banking more convenient to our clients. We do not want to confine them to branch banking,” he said, adding the bank is dealing with both Smart and Globe Telecom to expand their mobile banking.

BPI has more than three million BPI, BPI Family Savings and BPI Direct customers who can use mobile banking for both financial and non-financial transactions.

Meanwhile, of the 39 million Smart subscribers, around 7.5 million are with Smart Money while one million are engaged in mobile banking. Smart currently has tie-ups with 21 banks which are involved in mobile banking.

BPI senior vice president and head of overseas banking and channel services Teresita Tan explained that it is like having the bank in one’s cellphone. “With your Smart SIM, you will be able to access your BPI accounts 24 x 7, wherever you are, whenever you want, even when you are on the go,” she said.

To enroll for mobile banking, clients must have at least one ATM-based BPI deposit account. BPI credit cards will be immediately tagged when ATM-based deposit account is applied.

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http://www.philstar.com/Article.aspx?articleId=509717&publicationSubCategoryId=66

BPI ties up with Smart on mobile banking services

By Doris Dumlao
Philippine Daily Inquirer
First Posted 00:50:00 09/30/2009

Filed Under: Technology (general), Banking,Telecommunications Services

LEADING WIRELESS PROVIDER Smart Communications has teamed up with the Ayala-led Bank of the Philippine Islands (BPI) to provide a new mobile banking platform offering a full range of services to their common clients.

Though affiliated with Smart’s stiffest competitor Globe Telecom, the new tie-up with Smart means that BPI is first and foremost a financial institution that is willing to embrace technology to boost services to its 3.5-million group-wide client base, BPI president Aurelio Montinola III said in a briefing yesterday.

“It is really part of BPI’s commitment to take advantage of alternative channels to make banking more convenient for our clients,” Montinola said.

The new platform allows BPI clients who are Smart Buddy, Smart Gold and Infinity subscribers to access their bank accounts and perform balance inquiry, fund transfers, bills payment, Smart prepaid airtime reloading and Smart Money reloading using their cell phones.

“We are confident that this partnership with BPI, the country’s pioneer in electronic banking, will result in an expanded, more secure and more convenient banking experience for millions of Smart and BPI customers,” said Napoleon Nazareno, president of Smart and its parent Philippine Long Distance Telephone Co.

“Smart sees bright prospects for mobile commerce in the Philippines. As the country’s leading telco, we have adopted the fundamental strategy of providing relevant communication solutions and mobile security infrastructure to our partner banks,” Nazareno added.

Smart, the flagship unit of PLDT, has about 38.5 million subscribers on its GSM network.

Prior to this full-mobile banking arrangement, BPI clients who are Smart subscribers could only use the balance inquiry function using their mobile phones.

Of the BPI group’s 3.5 million retail client base, Montinola estimated that about 250,000-500,000 have already started using alternative electronic banking channels, excluding the automated teller machines.

“On a personal basis, I’ve seen the evolution. I very rarely pay my bills. I went to ATMs but then mobile is even faster and people are used to it,” he said.

http://business.inquirer.net/money/topstories/view/20090930-227571/BPI-ties-up-with-Smart-on-mobile-banking-services