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March 05, 2024

RCBC Pulz facilitates global banking for OFWs

The Rizal Commercial Banking Corporation (RCBC) has introduced an innovative feature within its newly launched banking app, ‘RCBC Pulz,’ enabling Filipinos worldwide to establish bank accounts using any international mobile number.

Tailored for the needs of the more than twelve million Overseas Filipino Workers (OFWs), this initiative provides them seamless access to a suite of digital banking services.

Accessible for download on both the Google Playstore and the Apple App Store, the RCBC Pulz application simplifies the account setup process. Prospective users need only a valid Philippine passport and personal information for registration. Ensuring security, RCBC employs a one-time-password verification method, delivered to the user’s international mobile number.

The service proves particularly advantageous for OFWs, streamlining remittance processes. Users can conveniently transfer funds to RCBC Pulz or RCBC Diskartech accounts, as well as to any RCBC remittance partner in the Philippines. Furthermore, account funding from overseas and direct bill payments are made possible through the app.

Lito Villanueva, RCBC’s Executive Vice President and Chief Innovation and Inclusion Officer, expressed his perspective on the new service, stating, “By reaching out to Filipino expatriates, we connect them both to their loved ones here at home and to the formal banking system, which cuts a lot of costs associated with remittances and creates countless opportunities.”

Highlighting the potential for Filipinos abroad to engage with diverse financial products and services, Lito emphasized the significance of integrating digital banking into everyday life.

RCBC Pulz offers a comprehensive array of digital banking services, including the Philippines’ inaugural in-app Unit Investment Trust Fund (UITF), Investment Management Account facilities, and foreign exchange services for multiple major currencies.

Additionally, the app provides features such as mobile check deposit, a spend analyzer, reduced remittance fees, personal loans, and upcoming services like instant housing and auto loan applications.