RCBC, BancNet launch SMS facility

The Rizal Commercial Banking Corp. (RCBC) introduced the BancNet SMS banking facility to pay their bills via short messaging service (SMS) – commonly known as text messaging.

RCBC is the first among BancNet’s member banks to launch the consortium’s SMA banking facility, which is designed to enable bank depositors to transact business without physically showing up at the bank.

"SMS Banking is a very convenient way of doing bank transactions that should enable our depositors to pay their bills with just a few taps on their phone keypads," RCBC president Francisco S. Magsajo Jr. said in a statement.

"Since many Filipinos own cellphones and use text messaging heavily, we expect a significant number of our depositors to resort to this very accessible channel and enjoy the benefits of mobile phone banking," he added.

With RCBC’s SMS Banking, a depositor can do basic banking transactions – settle credit card and utility bills, inquire about account balance, transfer funds, and even purchase pre-paid accounts through BancNets SMS banking facility.

To register, log on to www.bancnetonline.-com and click on the registration button on the main menu. Enter your card number, member number, and mobile phone number based on the format provided.

Using the on-screen keypad, enter your four-digit ATM-PIN to get your confidential Mobile Personal Pin (MPIN) and account key.

To transact, type KEYWORD, your MPIN, account key, and other necessary details, and send to 2956 for Globe subscribers.