July 19, 2024

Clients can now open a savings account with Land Bank of the Philippines using their mobile phone.

The state-run bank launched the Digital On-Boarding System Mobile (DOBS Mobile) on May 12, which facilitates online savings account opening in as fast as 10 to 15 minutes without 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 to fill out application forms online and upload a valid identification card such as UMID, Passport, PRC ID, SSS, company ID, or 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 the MBA and the LandBank iAccess.

Clients can also upgrade the digital bank account to a re-gular LandBank Visa ng their branch of account and requesting for a physical card anytime.

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.

The web application raked in various accolades for the LandBank, such as the Merit Award for Technology Development by the Association of Development Financing Institutions in Asia and the Pacific 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.

As of April 30, 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 on Twitter, and @LANDBANK on Viber. – Press release