Personal Development, Finance and Investing For Filipinos
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How To Open An Overseas Filipino Bank (OFBank Digital Onboarding System With Artificial Intelligence) Account Online
You can open a bank account within just 5 minutes or less!
What is the Overseas Filipino Bank (OFBank)?
The Overseas Filipino Bank (OFBank), has officially become the first branchless digital-only bank in the country’s history after securing a digital banking license from the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP). It is a wholly-owned subsidiary of the Land Bank of the Philippines (LANDBANK).
OFBank was created to cater to the banking and financial requirements of overseas Filipinos, Overseas Filipino Workers (OFWs), and their beneficiaries. Following its special mission, OFBank is devoted to providing reliable and secure financial products and services to satisfy these requirements, including the delivery of quality and efficient foreign remittance services.
How am I able to open an account?
OverseasFilipino Bank has made the process easier. In just 5 minutes or less. You will finish the process using OFBank DOBSAI.
DOBSAI is a mobile banking deposit account opening facility on supported iPhone or Android devices. It facilitates real-time account opening by employing image recognition technology that permits you to capture and upload your facial image and therefore the front of your identification (ID) card.
1. To open an OFBank account, simply download the OFBank Mobile Banking App via Google Play or Apple App Store to open an account through DOBSAI with great ease and convenience. Simply follow the steps and supply all the specified information.
2. You shall receive a confirmation on the OFBank Mobile Banking App and via email once your account opening is completed successfully.
What are the requirements for opening an account?
Before opening an account through the OFBank Mobile Banking App, confirm your internet connection is secure and be ready together with your active email address and active mobile number.
Have one (1) of the following valid identification (ID) cards on-hand for scanning and verification purposes:
For Overseas Filipinos and Overseas Filipino Workers:
Reminder: Make sure that the details you will provide in the application match the details in your selected ID.
What types of accounts does OFBank offer?
OFBank offers the following ATM Savings Accounts for Overseas Filipinos, OFWs, and their beneficiaries:
At least 18 years old; Able to read and write; Not suffering from legal disability; and With credible identification.
At least 7 years old; Able to read and write; Not suffering from legal disability; and With credible identification.
What are the features of OFBank Accounts?
OFBank Visa Debit Card
Merchants and billers include:
OFBank Regular Debit Card
Merchants and billers include:
Is there a fee for using DOBSAI?
Account opening thru DOBSAI is free. No initial deposit. No maintaining balance.
Is there a limit to the amount I can transfer using DOBSAI opened account?
Currently, the fund transfer limit is P50,000.00 per day.
Is OFBank DOBSAI secure?
OFBank use advanced encryption and security technology:
How can I get my ATM card?
Visit any LandBank branch near you, then proceed to the New Accounts Counter. Present the ID you uploaded in the DOBSAI, and answer basic Know Your Customer (KYC) questions.
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.