Overseas Filipino Bank (OFBank), formerly Philippine Postal Savings Bank Inc. (PPSB), was transformed into the first government digital-only and branchless bank that is mandated to provide financial products and services tailored to the requirements of Overseas Filipinos.
OFBank is also a wholly-owned subsidiary of Land Bank of the Philippines (LANDBANK) created in pursuant to Executive Order No. 44 signed by President Rodrigo R. Duterte in September 2017.
Some of the services that OFBank is mandated to deliver:
OFBank is also a trailblazer in utilizing artificial intelligence to facilitate an electronic know-your-customer (e-KYC) process for its online account opening through its Digital Onboarding System with Artificial Intelligence (DOBS AI).
DOBS AI can be accessed by clients on OFBank’s mobile app, available in Google Play Store and Apple App store.
History
OFbank's transformation throughout the years before becoming the first government digital-only and branchless bank in the country:
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Guidelines on Solicitations and Acceptance of Gifts and Donations
OFBank's Guidelines on Solicitations and Acceptance of Gifts and Donations
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Consumer Awareness Program
To ensure security in their e-Banking transactions and personal information, consumers should be oriented of their roles and responsibilities which, at a minimum, include the following:
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