LandBank launches mobile app for savings account opening
State-owned Land Bank of the Philippines (Landbank) on Wednesday launched through its Facebook page its digital onboarding system (DOBS) Mobile, which will allow people to open a savings account using their mobile phones, according to a report by Philippine News Agency.
In a statement, Landbank said DOBS Mobile supports the government’s Ease of Doing Business (EODB) bid as well as the pandemic-related health protocols.
“The DOBS Mobile underscores Landbank’s continued commitment to provide accessible, convenient, and safe digital solutions. Our digital banking initiatives remain centered on balancing service delivery while ensuring the health and safety of our clients which is of utmost priority,” Landbank Branch Banking Sector head and executive vice president Julio Climaco Jr. said.
Landbank said the digital bank accounts opened using DOBS Mobile have various features like cardless withdrawal through the mobile app, and funds transfer and bills payment through both the Mobile Banking App (MBA) and the Landbank iAccess, among others.
“Clients can also upgrade the digital bank account to a regular Landbank Visa debit card by visiting their branch of account and requesting for a physical card anytime,” it said.
Landbank said a total of 1.53 million accounts have already been opened through DOBS as of April 30, 2021.
Opening of a savings account using DOBS mobile, which is available through the bank’s official website (www.landbank.com) or the Digital Corner of selected branches for walk-in clients, will last for only 10 to 15 minutes, the presentation explained.
Landbank said people can also download the Landbank MBA from Google Play Store and Apple App Store.
Interested clients need to only fill out the application forms online and upload their valid identification cards like unified multipurpose ID (UMID), passport, Professional Regulatory Commission (PRC) ID, Social Security System (SSS) ID, company ID, and even school ID.
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