LandBank Prepaid Cardholders, You Can Now Transact at 7-Eleven ATMs for Free

(SPOT.ph) LandBank prepaid cardholders can now make transactions at 7-Eleven ATMs free of charge, the state-run lender said today, October 26.

Holders of LandBank prepaid cards, as well as regular ATM cards and debit cards, can perform cash withdrawals and balance inquiries for free in over 1,900 7-Eleven ATMs in Metro Manila, Calabarzon, Pampanga, Bataan, and Cebu, according to the bank.

LandBank has also increased the amount that customers can withdraw from 7-Eleven ATMs to P20,000 per transaction from the previous P10,000.

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“LandBank continues to leverage on strategic partnerships to accelerate financial inclusion in the country. We are committed to expand the accessibility of our services, especially to the unbanked and underserved,” said its President and CEO Cecilia Borromeo.

The new policy is expected to benefit some 8.3 million previously unbanked National ID registrants that were provided with their bank accounts through Land Bank.

LandBank prepaid cardholders also include about 10 million beneficiaries under the Conditional Cash Transfer and Unconditional Cash Transfer programs of the Department of Social Welfare and Development.

Find the 7-Eleven ATM near you here.