What is Cash Out?
BancNet's Cash Out facility allows customers to withdraw cash from accredited partner institutions spread across the country using their ATM, debit card, cash card or e-money account. Instead of an Automated Teller Machine (ATM), a POS machine is used to authorize transactions.
Most Cash Out machines and partner institution sites are situated in areas where there are few ATMs (or no ATMs at all).
Main Features
How Cash Out Works
The Cash Out service works through the coordination of different institutions. Cardholders transact using Cash Out devices installed in partner institutions. These partner institutions were accredited by Cash Out Acquirers, which are members of the BancNet network. Through the BancNet switch, it is possible for a Cash Out Acquirer to accept cards of a different BancNet member institution.
Benefits to Partner Institutions
Transaction Flow
Customer Fees
Banks charge their cardholders the same withdrawal fee as they charge when they withdraw through an ATM. However, banks charge an additional service fee of P20.00 for every successful transaction.
How to Become a Partner Institution
To become a Cash Out Partner Institution, get in touch with any of our Cash Out Acquirers listed below for more information.
# | Banks |
---|---|
1 | ASIA UNITED BANK |
2 | CHINA BANK |
3 | CTBC BANK |
4 | DEVELOPMENT BANK OF THE PHILS. |
5 | DUNGGANON BANK |
6 | ENTERPRISE BANK |
7 | LAND BANK |
8 | MASS-SPECC |
9 | METROBANK CARD CORPORATION |
10 | MINDANAO CONSOLIDATED COOPERATIVE BANK |
11 | NATIONLINK |
12 | PBCOM |
13 | PBCOM RURAL BANK |
14 | PNB |
15 | PHILIPPINE VETERANS BANK |
16 | SECURITY BANK CORPORATION |
17 | UCPB |
Account holders of the following can use the Cash Out service.
# | Banks |
---|---|
1 | ALLBANK |
2 | ASIA UNITED BANK |
3 | BANK OF COMMERCE |
4 | BANK OF MAKATI |
5 | CHINA BANK |
6 | CHINA BANK SAVINGS |
7 | CITY SAVINGS BANK |
8 | CITYSTATE SAVINGS BANK |
9 | CTBC BANK |
10 | DEVELOPMENT BANK OF THE PHILS. |
11 | DUNGGANON BANK |
12 | EAST WEST BANK |
13 | EAST WEST RURAL BANK |
14 | HSBC |
15 | HSBC SAVINGS BANK |
16 | ISLA BANK |
17 | LAND BANK |
18 | LEGASPI SAVINGS BANK |
19 | LUZON DEVELOPMENT BANK |
20 | MASS-SPECC |
21 | MAYBANK |
22 | METROBANK |
23 | MINDANAO CONSOLIDATED COOPERATIVE BANK |
24 | NATIONLINK |
25 | PACIFIC ACE SAVINGS BANK |
26 | PARTNER RURAL BANK |
27 | PBCOM |
28 | PBCOM RURAL BANK |
29 | PHILIPPINE BUSINESS BANK |
30 | PHILIPPINE VETERANS BANK |
31 | PHILTRUST BANK |
32 | PLAN BANK |
33 | PNB |
34 | PRODUCERS BANK |
35 | PSBANK |
36 | QUEZON CAPITAL RURAL BANK |
37 | RCBC |
38 | ROBINSONS BANK |
39 | SECURITY BANK CORPORATION |
40 | STERLING BANK |
41 | UCPB |
42 | UNION BANK |
43 | UNION BANK (EON) |
44 | YUANTA SAVINGS BANK |
List of Partner Institutions
For a list of our partner institutions, please click here.