Wed, 23 Jun 2021

LandBank unveils mobile savings account opening service

Philippine Information Agency
13 May 2021, 16:38 GMT+10

CALOOCAN CITY, May 13 (PIA) -- Clients can now successfully open a savings account with Land Bank of the Philippines (LandBank) using their mobile phone at their own safety and convenience without the need to go to a LandBank branch.

The state-run bank launched the Digital On-Boarding System Mobile or DOBS Mobile on Wednesday, May 12, which facilitates online savings account opening in as fast as 10 to 15 minutes without even having to visit any of its branches.

Using the LandBank Mobile Banking App (MBA) available on Google Play Store or Apple App Store, interested clients need only to fill out application forms online and upload a valid identification card such as UMID, Passport, PRC ID, SSS, company ID or even school ID to open a digital LandBank ATM Savings Account.

The LandBank DOBS Mobile eliminates the need to line up in branches to open an account, in support of the National Government's Ease of Doing Business (EODB) initiative, as well as safety protocols amid the ongoing pandemic.

"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," said LandBank Branch Banking Sector Head, Executive Vice President Julio D. Climaco, Jr.

The digital bank account opened using the LandBank DOBS Mobile offers features such as cardless withdrawal via the mobile app, and funds transfer and bills payment through both the 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.

LandBank as a trailblazer in digital banking

Prior to the launch of the DOBS Mobile, LandBank introduced DOBS in December 2018 as the first online account opening portal among universal banks in the Philippines.

This pioneering web application raked in various accolades for the Bank, such as the Merit Award for Technology Development by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Development Awards in 2020; "Asia's Most Inclusive Bank" in the 2019 Financial Insights Innovation Awards; and the "Digital Trailblazer in Financial Services" award conferred by the Bangko Sentral ng Pilipinas (BSP).

As of April 30, 2021, a total of 1.53 million accounts have already been opened through DOBS, which is accessible through LandBank's official website (www.landbank.com) or through the Digital Corner of selected LandBank branches for walk-in clients.

For more information about LandBank's e-banking services, clients may follow the Bank's official social media channels at @landbankofficial on Facebook and Instagram, @LBP_Official, and @LandBank on Viber. (PIA NCR)

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