- | $RCB is looking to join the virtual banking scene in the country in 2020 |
- | Currently, the online-only banking players CIMB Bank & ING Bank N.V. |
- | They’ve been trying to attract users through promotional interest rates of up to 4%/year |
| A new face of banking era |
Rizal Commercial Banking Corp. is looking to join the virtual banking scene in the country by next year. Once its virtual bank plans come into fruition, RCBC is looking to require an average daily balance of around P800-1,000.
RCBC currently has about two million accounts, with 38% of these accounts’ holders accessing bank services through their online app.
November 28, 2019 10:52 am