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.