Prepaid cardholders of the Land Bank of the Philippines (LANDBANK) can now
transact for free from ATMs in selected 7-Eleven convenience stores.
In addition to holders of LANDBANK Regular ATM Cards and Debit Cards, customers
can also use their LANDBANK Prepaid Cards to perform cash withdrawal and balance
inquiry free-of-charge in 1,980 7-Eleven ATMs in Metro Manila, CALABARZON,
Pampanga, Bataan and Cebu, as of end-September 2022.
For added convenience, LANDBANK cardholders now also enjoy an increased cash
withdrawal limit of P20,000.00 per transaction from the previous P10,000.00.
“LANDBANK continues to leverage on strategic partnerships to accelerate financial
inclusion in the country. We are committed to expand the accessibility of our
services, especially to the unbanked and underserved,” said LANDBANK President
and CEO Cecilia C. Borromeo.
This development benefits the 8.3 million previously unbanked Philippine
Identification System (PhilSys) Project registrants onboarded by LANDBANK in
collaboration with the Philippine Statistics Authority (PSA), as of end-September
2022.
The state-run Bank is providing unbanked PhilSys registrants with their own
LANDBANK transaction accounts, to bring more Filipinos into the formal banking
system.
LANDBANK Prepaid cardholders also include about 10 million beneficiaries under the
Conditional Cash Transfer and Unconditional Cash Transfer (CCT/UCT) Programs of
the Department of Social Welfare and Development (DSWD).
LANDBANK partnered with Pito Axm Platform, Inc. (PAPI), the operator of 7-Eleven
ATMs in the Philippines, in May of this year.
The 7-Eleven ATMs effectively complement LANDBANK’s own physical network of
607 Branches and 2,899 ATMs nationwide as of end-September.
