State-run Land Bank of the Philippines said it is launching a new digital savings account to financially empower Filipinos overseas with secure and reliable banking services.
LandBank said GoBayani is a digital deposit account that provides Filipinos abroad access to the bank’s digital banking services and conveniently perform their transactions online, such as sending money to their families via fund transfer.
Account holders can also perform e-commerce transactions and receive remittance via Visa Direct through Visa partners abroad.
GoBayani users can also digitally pay bills and other dues, which will soon include monthly contributions to Pag-Ibig Fund, Social Security System (SSS) and PhilHealth.
“We are cheering on our kababayans abroad to save and grow their money through LandBank GoBayani. We want to support every step of their journey towards financial independence for them and their families back home,” said LandBank president and chief executive Lynette Ortiz.
LandBank is set to visit overseas Filipinos in the United Arab Emirates, Japan, Hong Kong and Taiwan in June to promote GoBayani and other digital banking services.
Overseas Filipinos can fully open a GoBayani savings account with no initial deposit and maintaining balance via their smartphones within minutes, through the new straight-through account opening feature of the LandBank mobile banking app.
“Investing in our digital infrastructure forms part of our response to the increasing demand for convenient digital solutions. We are continuously enhancing our digital offerings to deliver a seamless banking experience to our customers and expand financial access to all,” said Ortiz.
