BancNet Bills Payment

Brief Description

It is a service provided to corporate clients with a large customer base (subscribers/customers/policy holders, etc) that are situated globally to enable these customers to pay their bills through the electronic platform of BancNet Online. This service will enable the client's customers to pay their regular/recurring bills on time.

Features

  • Generates and submits consolidated reports on the next banking day payments were received
  • Easy monitoring of crediting the payments on the client's deposit account
  • Payment scan be made via the Internet

Requirements

Documentary Requirements

  • Registration at Securities and Exchange Commission
  • Company Profile
  • Audited Financial Statements for the last three (3) years
  • Business Permit
  • Bills Payment Facility Application Form
  • BancNet Memorandum of Agreement

System

  • Subscriber Number with All numeric check digit validation
  • Formula for check digit validation
  • 10 sample valid subscriber number
  • One-time BancNet joining fee of PhP56,000.00

Please refer to your Relationship Manager/Account Officer for other pertinent documents required.