It’s easy to open a bank account – Manila bulletin

RCBC continues to equip more Filipinos with advanced digital banking solutions through its enhanced online banking application which now allows account opening in minutes.

With a single piece of government-issued ID, customers can open a customizable bank account with a zero balance. Subject to verification, an account number is issued immediately and is activated within minutes, giving instant access to RCBC Online Banking’s cash-out facility, fund transfers, bill payment and loading functions purchase for a maximum of 10,000 P.

The bank has eliminated the need for branch visits or video conferencing. Once the application is complete, account limits will be lifted within 24 hours, giving depositors full access to RCBC’s online banking function. This will allow them to perform advanced banking transactions such as currency conversion, investing in UITFs, cardless withdrawal, paying for purchases just by scanning a QR, among others.

“Universal banking has always been committed to meeting the needs of the Filipino people, and by investing and creating a superior digital banking experience, we are not only promoting security during the pandemic, but also easy access to a bank deposit for everyone. world, ”said RCBC Director of Innovation and Inclusion Lito Villanueva.

To encourage more Filipinos to start saving online, RCBC will offer a cash back promotion where new account holders who open an account digitally with an initial deposit can get up to P500 additional credit on their account. The offer is open to new account holders who open an online account with an initial deposit, until November 30, 2021.

RCBC’s mobile banking app is currently one of the most comprehensive banking apps in the industry. In 2020, the app got even more powerful with the addition of features such as term account opening, check image deposit, and unit investment fund (UITF) portfolio management.

For two consecutive years, the bank has been recognized by international and local bodies for its efforts in digital acceleration. At the height of the pandemic, RCBC saw exponential growth in transactions across its core digital services such as money transfers through InstaPay and PESONet. To date, the bank has received several awards for the best digital bank.