BDO Network Bank, the rural banking arm of BDO Unibank, has announced that its network of Automated Teller Machines (ATMs) now accepts VISA and KFTC (Korea Financial Intermediaries and Clearing Institute) International cards, allowing the bank to serve the cash requirements of more ATM cardholders with internationally-issued cards.
VISA and KFTC cardholders can already withdraw and inquire about their account balance from any BDO Network Bank ATM nationwide. The rural bank has over 250 strategically located ATMs in Luzon, Visayas, and Mindanao.
BDO Network Bank President J. Antonio S. Itchon said this development can benefit foreigners who frequent major tourist spots where BDO Network Bank is also present.
The enhancement of KFTC International Card acceptance, he added, will also benefit Korean nationals visiting and residing in the country. Koreans account for the country’s top foreign arrivals since 2010.
In 2018, around 1.62 million Koreans visited the Philippines, besting Chinese and American tourists who came in only second and third, respectively. The Philippines is also home to more than 100,000 Korean migrants.
Founded in 1986, KFTC is a payment settlement institution that establishes and manages interbank payment networks in Korea. Its members include the Bank of Korea, Korea Development Bank, Woori Bank, Hana Bank, Kookmin Bank, Korean Exchange Bank, Standard Chartered Korea, and Citibank Korea.
VISA, on the other hand, is also a global payments technology company with a presence in 200 countries and territories worldwide. Established in 1958, it has an extensive network with 3.3 billion cards in use, connecting people through payments all around the world.
BancNet, one of the country’s leading electronic banking network, has interconnection with KFTC and VISA, allowing KFTC and VISA cardholders to check their balances and withdraw cash through any BancNet enabled ATMs.
“The widening variety of ATM acceptance complements our continuous expansion, which in turn is part of our thrust to reach more unserved and underserved markets,” Itchon said. BDO Network Bank targets to double its number of branches in the next four years as it intensifies its lending to micro, small and medium enterprises (MSME).
Apart from VISA and KFTC, BDO Network Bank ATMs also accept Mastercard, Maestro, Cirrus, and Bancnet cardholders.
Wow.. 🖒 mas marami na ang makakapag withdraw sa kanilang mga ATM.. at makakagamit nito. 🖒
Bdo is always find ways tlaga. Good to know this lalo na sa may mga Atm card holders .☺️
This is good news po Mommy to all the Visa and KFTC card holders because pwede na sila makapag cash payout or widtraw to all BDO atm Machines nationwide. BDO really find ways Para mabigyan ng good service ang kanilang mga kliyente. 😊
That’s really good news, mas madami na ang maseserbisyuhan ng BDO network bank atms lalo at open na din sila sa mga atm cardholders with internationally- issued cards. BDO really finds ways!
Good news to para sa mga VISA and KFTC pwde na silang makapag withdraw any Branch ng BDO , nakaka excite na yung target nilang mas marami pang branch ang mabuksan sa susunod na 4 years., pag nagkataon mas maraming matutulungan ang BDO.