Bank Information

💼 A Progressive Bank with a Digital Edge

For Filipinos who want a tech-forward, full-service banking experience, RCBC — short for Rizal Commercial Banking Corporation — continues to impress with its balance of traditional banking and modern financial innovation.

Founded in 1960, RCBC has grown into one of the top universal banks in the Philippines, offering a complete suite of products for individuals, small businesses, and corporations. Known for its aggressive digital transformation — especially with the launch of DiskarTech, the country’s first financial inclusion super app — RCBC is becoming a serious alternative to more established players like BPI, Metrobank, and LANDBANK.

If you’re looking to open a savings account, apply for a personal loan, or manage your finances via a powerful mobile app, RCBC might be one of the most underrated options in the Philippine banking scene.

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🏛️ About RCBC: History, Ownership, and Reach

Full name: Rizal Commercial Banking Corporation
Founded: September 23, 1960
License: Universal Bank, regulated by Bangko Sentral ng Pilipinas (BSP)
Ownership: Majority owned by the Yuchengco Group of Companies
Branches: Over 470 nationwide
ATMs: 1,400+
Subsidiaries: RCBC Savings Bank, RCBC Bankard, RCBC Capital, DiskarTech

RCBC has long been recognized for its support of the middle market, entrepreneurs, and now, digital-first Filipinos through its expanded mobile ecosystem.

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💳 RCBC Deposit Accounts

RCBC offers several account types, suitable for a wide range of clients:

1. Savings Accounts

• Regular Savings Account — With passbook and ATM

• GoSavers — Ideal for students and first-time savers

• Dragon Peso Savings — Tiered interest rates for high balances

• Start Right Savings — Low opening deposit, no maintaining balance

• OneAccount — All-in-one deposit, investment, and payment tool

All accounts include:

• Access to RCBC Online Banking

• RCBC Mobile app support

• Optional debit card

• Fund transfer via PESONet and InstaPay

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2. Checking Accounts

• Basic Checking — For individuals or freelancers

• Corporate Checking — With cash management tools for businesses

• Payroll Solutions — For employee salary disbursement

Initial deposit requirements range from ₱5,000 to ₱25,000 depending on the account.

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3. Time Deposits and Investments

RCBC offers:

• Peso and USD time deposits

• Unit Investment Trust Funds (UITFs)

• RCBC Securities (for stock trading)

• RCBC Trust & Wealth products

• Insurance via Sun Life Grepa (partnered provider)

These services are designed for users looking to grow their money over time with managed risk.

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💰 RCBC Loan Products

1. Personal Loans

• Loan amount: ₱50,000 to ₱1,000,000

• Term: 6 to 36 months

• Interest: ~1.3%–1.5% monthly

• Approval time: 5–7 working days

• Requirements: valid ID, income proof, TIN, and stable employment

RCBC personal loans are unsecured, making them ideal for emergencies, home needs, tuition, or travel.

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2. Auto Loans

• Financing for brand new or pre-owned cars

• Up to 80% loan value

• Term: 12 to 60 months

• Partner dealers across the Philippines

• Fast-track program for existing clients

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3. Home Loans

RCBC offers flexible housing loans for:

• Buying a house and lot

• Refinancing

• Renovation or construction

• Condos and townhouses

Loan terms can go up to 20 years with interest options that adjust to market rates or remain fixed for 1–5 years.

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4. Business Loans

RCBC is known for supporting SMEs and corporations with:

• Working Capital Loans

• Term Loans for Equipment

• Inventory Financing

• Trade Services

• Corporate Credit Lines

For startups and entrepreneurs, RCBC also provides mentoring and financial planning support via RCBC’s SME-focused programs.

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5. OFW and Seafarer Loan Options

In partnership with manning agencies and recruitment firms, RCBC offers salary advance and personal loan programs specifically for overseas Filipino workers and seafarers — a unique edge not all banks provide.

📱 RCBC Mobile Banking and DiskarTech

RCBC has made bold moves in the digital space, distinguishing itself from other traditional banks through innovation and inclusion.

1. RCBC Online Banking

Via rcbc.com, customers can access:

• Account balance and transaction history

• Funds transfers (internal, InstaPay, PESONet)

• Bills payment (utilities, telecom, credit cards, gov’t agencies)

• Card activation, locking/unlocking, and limits

• eStatements and payment scheduling

The platform works well on desktop and mobile browsers and is highly secure.

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2. RCBC Mobile App

Available for iOS and Android, the app offers:

• QR payments (QR PH)

• Cardless withdrawals

• Mobile check deposits

• Spending tracker

• Biometrics login

• Credit card access

• One-time password (OTP) login security

• GCash linking

Its interface is clean and functional, with strong security features.

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3. DiskarTech — RCBC’s Financial Inclusion Super App

Launched in 2020, DiskarTech is a separate app targeting unbanked and underserved Filipinos, especially in provinces and lower-income sectors.

Features:

• Open a savings account with no minimum deposit

• 3.25% annual interest

• Bills payment, fund transfer, insurance, and telemedicine access

• Available in Taglish

• No need to visit a branch

DiskarTech makes RCBC one of the few universal banks with a true neobank-style platform for financial inclusion.

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📝 How to Open an RCBC Account

RCBC allows account opening both in-branch and partially online via their digital onboarding process.

Requirements:

• One valid government ID (e.g., UMID, Passport, PhilID)

• TIN (for certain products)

• Proof of billing

• ₱3,000–₱10,000 initial deposit depending on account

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Process:

1. Go to rcbc.com/open-an-account or use the mobile app

2. Choose account type (Regular, Savings, Payroll, DiskarTech, etc.)

3. Upload valid ID and fill in contact information

4. Submit selfie and complete identity check

5. Fund your account and receive card or account number

Online processing typically takes 24–48 hours.

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✅ Pros and Cons of RCBC

✔️ Pros:

• ✅ One of the first major banks to launch a financial inclusion app (DiskarTech)

• ✅ Competitive personal loan and credit card options

• ✅ SME loan packages with mentorship support

• ✅ Excellent digital banking platform

• ✅ Wide availability of billers and integrations (e.g., GCash, Maya)

• ✅ Fast online onboarding

❌ Cons:

• ❌ DiskarTech support is separate from main RCBC services

• ❌ Some features not available on web version

• ❌ Still limited international remittance services compared to Metrobank or BPI

• ❌ Not as many branches in rural areas compared to LANDBANK

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🆚 RCBC vs Other Philippine Banks

RCBC vs BPI
BPI is more widely known and has deeper brand trust, but RCBC offers better entry-level products, especially with DiskarTech for unbanked users.

RCBC vs CIMB
CIMB is faster in loan approvals, but RCBC has stronger branch support and wider range of products (including business loans and cards).

RCBC vs LANDBANK
LANDBANK focuses more on public sector lending and agriculture. RCBC is geared toward professionals, MSMEs, and digital-first consumers.

RCBC vs Tonik
Tonik is ideal for fast savings and loans, but RCBC offers real-world support and advanced banking features, plus multi-app ecosystems (RCBC app + DiskarTech).

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❓ Frequently Asked Questions (FAQ)

1. Is RCBC legit?

Yes, RCBC is a BSP-licensed universal bank with full PDIC deposit protection and over 60 years of history.

2. Can I open an account online?

Yes, through the website or mobile app. DiskarTech accounts can be opened in less than 10 minutes.

3. Does RCBC have loans for OFWs?

Yes. They offer loans through partner agencies and manning firms, especially for seafarers.

4. Can I link RCBC to GCash or Maya?

Yes. RCBC accounts can be linked for fund transfers or top-ups to e-wallets.

5. What’s the interest rate on savings?

DiskarTech offers 3.25% annually. Regular accounts offer 0.10% to 0.50%, depending on balance.

6. Is RCBC better than digital-only banks?

If you need both digital tools and branch support, RCBC is a better hybrid option.