BancNet is the Philippines single ATM switch operator. It is a multi-bank, multi-channel electronic payments network that enables its members’ customers to transact not only at Automated Teller Machines (ATM) but also at point- of- sale (P.O.S.) terminals, the Internet and mobile phones. It started operations on July 17, 1990.
Aside from the traditional cash withdrawal service at the ATM, BancNet provides a wide range of services through the different channels, such as balance inquiry, checkbook re-order, statement request, interbank fund transfer, payment of bills, prepaid phone and Internet reloading, payment of purchases by direct debit to account, and remittance of taxes, Pag-IBIG, Philhealth and Social Security System contribution and loan repayments.