Chinabank continues to improve its digital banking platforms, adding an online account application feature so new customers can start banking with Chinabank without visiting a branch or submitting physical documents.
Filipinos 18 years old and above can remotely set up their first Chinabank ATM account, or Chinabank OKS Peso Savings account if OFW or beneficiary of an OFW, through My CBC and My CBC Onlinewithout having to make a deposit right away. Only one valid ID is required and the on-screen prompts are easy to follow.
The bank then conducts identity verification and document authentication in line with regulatory requirements, which usually takes two banking days. Once approved, the new account is ready for digital banking transactions. Customers should fund their new Chinabank accounts to be able to pay bills or transfer funds to other accounts and e-wallets.
Chinabank Innovation and Transformation Officer Jay Sabido said this upgrade to My CBC and My CBC Online is in line with the bank’s digital-first banking approach to meet rising consumer expectations, boost operational efficiency, and expand service availability beyond the branch network.
“We are combining the services that people need to conveniently and securely manage their finances on any device. But more importantly, we are lowering the barriers to owning a bank account so more people can enjoy the financial security, stability and flexibility of having a financial partner like Chinabank,” he noted.
