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Operating area Philippines
Members 58
ATMs Over 3,900
Founded 1990

BancNet is a Philippine-based interbank network connecting the ATM networks of more than forty local banks. It is considered the largest interbank network in the Philippines in terms of the number of member banks and annual transactions. The Network's tagline is Nonstop Banking.

BancNet is also the exclusive gateway of China UnionPay, allowing access to the nearly 1 billion ATM cardholders from the People's Republic of China.

BancNet serves 8 million members with over 3,900 ATMs and more than 10,000 POS terminals.



BancNet was founded on July 17, 1990 as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank, Metrobank, International Corporate Bank (now part of UnionBank), and Citytrust Savings Bank, formed BancNet. Other members have since joined.

In 1993, BancNet signed an interconnection agreement with MegaLink in 1997 to give cardholders whose banks are part of either network access to any of their ATMs, which total more than 4,000 nationwide.

In that same year, BancNet introduced the Bills Payment product which allows BancNet cardholders to pay their bill and make donations to charitable organizations using any BancNet ATM. This function has since been extended to the online payment gateway, mobile phones, and on EFT-POS terminals.

In 1994, BancNet introduced the Point-of-Sale System, to serve the retail payment requirements of cardholders. This was the same year that the brand name BancNet Payment System was introduced.

In 1997, BancNet started offering website hosting, email and surfing services to member banks at affordable rates.

In 2002, BancNet started its online banking and payment gateway system which can be accessed through

It was during the anniversary business forum of 2002 that BancNet introduced Interbank Funds Transfer, reportedly the first consortium-run automated transfer facility in the region. The product allows real-time, online transfer of money among the members of BancNet using either the payment gateway, the ATM or a cardholder's cellular phone.

A partnership with Globe Telecom, the second largest telecoms company in the Philippines, in 2006 allowed BancNet to expand ATM-like functions to the mobile phones of cardholders. This was followed by a similar agreement in early 2007 with Smart Communications, the dominant telecoms company, for mobile banking.

Other products that BancNet maintains for the member banks include SSSNet for the online payment processing of personal and corporate contributions to the national social security system and Tax Payment Gateway for the online processing of corporate tax payments. A similar online system for the national housing fund (PAG-IBIG Fund) and the national health fund (PhilHealth) is expected to be launched in early 2010.


BancNet is the primary network of the following banks listed below:

Bank Membership date ATM
Allied Bank July 17, 1990 Automated Teller
Allied Savings Bank July 17, 1990 Automated Teller
Asia United Bank 1997 Preferred ATM
Banco Filipino 1994 BF Cash Card ATM
Banco San Juan 2002 Kidlat Kard
Centennial Savings Bank 1998 Cyber Cash
Chinabank July 17, 1990 Tellercard ATM
Chinatrust Commercial Bank 1998 Chinatrust ATM
Citibank July 17, 1990 Citibank ATM
Citibank Savings 2005
Citystate Savings Bank 1997 City Cash ATM
E-CTK Solutions Inc 2008 ECcash ATM Terminals
Deutsche Bank AG July 2008
East West Bank 1994 ATM Access
Export and Industry Bank 1997 ExperTeller
Green Bank 2006 G-Card ATM
HSBC July 2008 Axcess
HSBC Savings July 2008
Malayan Bank 1997 Malayan Bank ATM
Manilabank to merge with Chinabank 1999 Golden Teller
Maybank 2010 MayCard
Merchants Savings and Loan Association to merge with RCBC 1995
Metropolitan Bank and Trust Company July 17, 1990 Metrobank E.T.
Opportunity Kauswagan Bank July, 2007
Tong Yang Savings Bank 1997 Tong Yang Savings ATM
Philippine Bank of Communications 1994 Speedy Cash Card
Philippine Business Bank 2008 Business Card
Philippine National Bank 2009 SuperTeller
Philippine Postal Savings Bank 2004 PostalCash ATM
Philippine Savings Bank 1994 PSBank ATM
Philtrust Bank 1995 Philtrust Bank ATM
Quezon Capital Rural Bank 2007 QCRB Tellermate ATM
Real Bank 2004 Real Cash ATM
Rizal Commercial Banking Corporation July 17, 1990 myRCBC ATM
RCBC Savings Bank 1997
Robinsons Savings Bank 2008
Security Bank July 17, 1990 Cashlink
Standard Chartered Bank 1996 Standard Chartered ATM
Sterling Bank of Asia 2007 Shop n Pay
World Partners Bank 2002 World Partners Bank ATM

A Memorandum of Agreement was signed in 2007 with Nationlink (interbank network), admitting the latter as the first network alliance member of BancNet. This allows all the rural bank members of Nationlink to enjoy the convenience of electronic banking on 8,000 ATMs and more than 10,000 Point-of-Sale terminals nationwide.

See also

External links

Philippine interbank networks
BancNet | ENS | Expressnet | MegaLink | Nationlink


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