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Bancnet, Inc. is a Philippine-based interbank network connecting the ATM 
networks of more than forty local banks. It is considered the largest interbank network in the Philippines in terms of the number of member banks and annual transactions. The Network's tagline is Nonstop Banking.

BancNet is also the exclusive gateway of China UnionPay, allowing access to the nearly 1 billion ATM cardholders from the People's Republic of China.

BancNet has forged an alliance with global payment brand JCB International. Through this alliance, JCB cardholders can now do cash advances at participating BancNet member ATMs nationwide to provide the highest quality of services to its over 62.5 million customers around the world.

BancNet serves 8 million members with over 4,000 ATMs and more than 10,000 POS terminals.


BancNet was founded on July 17, 1990 as the Philippines' second ATM consortium when the ATMs of eight banks, PCI Bank (now Banco de Oro), Security Bank, Chinabank, RCBC,Allied Bank, Metrobank, International Corporate Bank (now part of UnionBank), and Citytrust Savings Bank(now part of BPI), formed BancNet. Other members have since joined.

It was a brainchild of three senior bank officers namely: Ramon C. Arceo, Jr., SVP of Philippine Commercial International Bank(PCIBank), Carlos Pedrosa, SVP of Metropolitan Bank and Trust Company (Metrobank), and Jose F. Santos, SVP of Rizal Commercial Banking Corporation (RCBC).

In 1993, BancNet signed an interconnection agreement with MegaLink in 1997 to give cardholders whose banks are part of either network access to any of their ATMs, which total more than 4,000 nationwide.

In that same year, BancNet introduced the Bills Payment product which allows BancNet cardholders to pay their bill and make donations to charitable organizations using any BancNet ATM. This function has since been extended to the online payment gateway, mobile phones, and on EFT-POS terminals.

In 1994, BancNet introduced the Point-of-Sale System, to serve the retail payment requirements of cardholders. This was the same year that the brand name BancNet Payment System was introduced.

In 1997, BancNet started offering website hosting, email and surfing services to member banks at affordable rates. In 2002, BancNet started its online banking and payment gateway system which can be accessed through

It was during the anniversary business forum of 2002 that BancNet introduced Interbank Funds Transfer, reportedly the first consortium-run automated transfer facility in the region. The product allows real-time, online transfer of money among the members of BancNet using either the payment gateway, the ATM or a cardholder's cellular phone.

A partnership with Globe Telecom, the second largest telecoms company in the Philippines, in 2006 allowed BancNet to expand ATM-like functions to the mobile phones of cardholders. This was followed by a similar agreement in early 2007 with Smart Communications, the dominant telecoms company, for mobile banking.

Other products that BancNet maintains for the member banks include SSSNet for the online payment processing of personal and corporate contributions to the national social security system and Tax Payment Gateway for the online processing of corporate tax payments. A similar online system for the national housing fund (PAG-IBIG Fund) and the national health fund (PhilHealth) is expected to be launched in early 2010. It's Founding and Former Member PCI Bank merged with Equitable Banking Corporation one of the founding members ofMegalink merged to form Equitable PCI Bank thus it became the first bank to be a member of both Megalink and BancNet.

A Memorandum of Agreement was signed in 2007 with Nationlink (interbank network), admitting the latter as the first network alliance member of BancNet. This allows all the rural bank members of Nationlink to enjoy the convenience of electronic banking on 8,000 ATMs and more than 10,000 Point-of-Sale terminals nationwide.


BancNet is the primary network of the following banks listed below:
Bank Membership Date
Allied Bank
Allied Savings Bank
July 17, 1990
AMA Bank June 24, 2011
Asia United Bank 1997
Banco San Juan 2002
Bank of Commerce 2010
Centennial Savings Bank 1998
Chinabank July 17, 1990
Chinatrust Commercial Bank 1998
Citibank July 17, 1990
Citibank Savings 2005
Citystate Savings Bank 1997
Deutsche Bank AG July 2008
E-CTK Solutions Inc 2008
East West Bank 1994
Equicom Savings Bank 2009
Export and Industry Bank 1997
Green Bank 2006
HSBC Savings(PCIBank Savings)
July 2008
Malayan Bank 1997
Maybank 2010
Metropolitan Bank and Trust Company July 17, 1990
Opportunity Kauswagan Bank July, 2007
Philippine Bank of Communications 1994
Philippine Business Bank 2008
Philippine National Bank 2009
Philippine Postal Savings Bank 2004
Philippine Savings Bank 1994
Philippine Veterans Bank 2010
Philtrust Bank 1995
Producers Bank 2010
Quezon Capital Rural Bank 2007
Real Bank 2004
RCBC Savings Bank 1997
Rizal Commercial Banking Corporation July 17, 1990
Robinsons Savings Bank 2008
Security Bank July 17, 1990
Standard Chartered Bank 1996
Sterling Bank of Asia 2007
Tong Yang Savings Bank 1997
Wealth Bank 2010
World Partners Bank 2002

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