BanKO broadens partnerships with leading establishments

MANILA, Philippines - BPI Globe BanKO has broadened its tie-ups with leading establishments to make banking services more convenient to its clients.

BanKO president Teresita B. Tan said the pioneering mobile thrift bank is able to depart from the traditional ‘brick-and-mortar’ branch banking model.

“This enables us to make financial services widely accessible at lower costs to encourage consumer adoption and reach more clients and communities,” Tan added.

BanKO’s current partners include Tambunting Pawnshop, CVM Pawnshop, Generika drugstores, Czarina Foreign Exchange, gasoline stations, Internet cafes, loading stations, convenience stores, and many more.

These partner outlets accept applications to allow prospective clients to open an account and do their cash-in and cash-out transactions without having to go through the tedious banking procedures and without high account maintenance fees.

The bank official said handling finances is an intimidating procedure for many, especially the processes required to open a savings account.

“With BanKO, we make this complicated process simple without compromising security, thereby allowing our customers to have full financial control over their savings kept with a trusted and reliable banking partner,” she said.

 Among the benefits BanKO customers can get include guaranteed optimum returns as deposits are safer as compared to money kept at home, higher interest rates as compared to other banks, lower fees when sending money compared to domestic remittance services, a 10-percent discount when buying load, and finally, free life insurance coverage to benefit the client’s family in case of death.

With the significant and steadily-growing number of operational outlets found in various parts of the country, those who seek to save small amounts, or make swift and simple transactions, can now do so easily and immediately.