One Network Bank (ONB), a rural bank with headquarters in Sasa, Davao City has connected its ATM network to BancNet, the country’s largest electronic banking network. With this development, the bank’s over 588,000 ATM cardholders can now pay through more billers, buy prepaid load through any BancNet ATM, and transfer funds to accounts in more banks. These are in addition to the usual ATM cash withdrawals and payment for purchases at over 20,000 stores and shops.
ONB has the widest and most modern rural banking network in the country. It has 143 ATMs and 97 branches spread throughout Mindanao and in Panay. It also has an office in Makati City. ONB joined BancNet from another network.
Two other rural banks in Mindanao joined BancNet recently: Cagayan de Oro – based South Bank and Rural Bank of Tangub City, Misamis Occidental.
To date, BancNet has 114 members and affiliates, 11,225 ATMs and over 32 million ATM cardholders.
Photo caption: (from left) ONB Director Antonio Cabreira, Jr., Vice Chairman Antonio Avelino and President Alex Buenaventura; BancNet President Roberto Blas, Executive Vice President Aristeo Zafra, Jr., and Vice President Emmie Reyes during the membership signing ceremony last April 2013 at ONB Center, Davao City.
