In addition to the array of transactions that may be performed using a BanKo account, the country’s first and only mobile-based savings bank presents its account holders with a fast, safe and convenient way of paying for purchases. BanKo account holders are able to do cashless shopping at over a thousand BancNet partner stores nationwide using the BanKo ATM card.
With this feature, BanKo account holders do not need to line up at the ATM to withdraw cash when shopping, and the risk of loss or theft is avoided. This service is also FREE as no fees will be charged.
It’s easy to use the BanKo ATM card for payments. The account holder only needs to present his BanKo ATM card to the cashier of the BancNet-accredited merchant and enters his 4-digit MPIN after the card is swiped in the POS machine. A confirmation message will be sent to the account holder as proof of payment.
To view the complete list of BancNet merchants, click here.