Card Issuing Services

DBP Debit Card

• • Card Features
    • • Cash withdrawal through local and international ATMs
      • Payment for goods and services via POS Terminals and IPGs through the BancNet and Visa networks
      • 5 year card validity

Account Features

• • • • Linked to a savings or current account
      • Interest earning
      • P100.00 maintaining balance

DBP Prepaid Card

Card Features

• • • • Cash withdrawal through local and international ATMs
      • Payment for goods and services via POS Terminals and IPGs through the BancNet and Visa networks
      • Card design may be personalized
      • 5 year card validity

Amount Features

• • • • No maintaining balance
      • Non-interest earning
      • Maximum card load value is P100,000.00

Regulatory Considerations

• • • • DBP Prepaid Card is considered as E-money and shall mean monetary value as represented by a claim on its issuer, that is –
        • electronically stored in an instrument or device;
        • issued against receipt of funds of an amount not lesser in value than the monetary value issued;
        • accepted as a means of payment by persons or entities other than the issuer;
        • withdrawable in cash or cash equivalent; and
        • issued in accordance with this MORB Section 702. Issuance and Operations of Electronic Money
      • DBP Prepaid Card, as it is considered as an E-money, may only be redeemed at face value. It shall not earn interest nor rewards and other similar incentives convertible to cash, nor be purchased at a discount.
      • E-money is not considered a deposit; hence, it is not insured with the PDIC. DBP Prepaid Card as E-money instrument issued shall be subject to aggregate monthly load limit of P100,000 unless a higher amount has been approved by the Bangko Sentral