News & Lifestyle section of Dad On The Move.

Rizal Commercial Banking Corporation (RCBC), one the country’s biggest universal banks, has just become the first bank in the Philippines to offer an online foreign exchange platform that allows their existing clients and accountholders to buy and sell currency online.

RCBC is first local bank to roll out online FX platform

The Online FX Trading Platform is currently the only foreign exchange execution platform in the country that can be accessed using the web, eliminating the need for face-to-face or over-the-phone transactions when exchanging foreign currency.

This new product, developed by RCBC, allows the Bank clients to buy and sell their foreign currency at any given time from the safety of their own homes, or even from abroad.

To make use of this new product, RCBC clients have to enroll in at least two different currency accounts with RCBC’s Online Banking platform. Once eligible, RCBC clients are free to buy and sell currency between their enrolled accounts.

RCBC’s Online Foreign Exchange product can easily allow the buying and selling of all major currencies such as the US Dollar, Euros, Great Britain Pound, Japanese Yen, and Singaporean Dollar, among others, at very competitive rates

“The Online FX Trading Platform revolutionizes foreign exchange transactions for the country. Never before has a Philippine bank been able to provide their clients a platform that allows them to trade foreign currency at their own time and place.” Says Gil A. Buenaventura, RCBC President and CEO.

“In taking out the need for face-to-face transactions, our clients are ensured greater ease in that they can buy and sell their foreign currencies without being restricted by geography.” Adds Chet Luy, RCBC Senior Executive Vice President and Group Head for Financial Advisory and Markets (Treasury and Wealth Management) Group.

Interested clients can reach out to their nearest RCBC branch for more information on RCBC’s Online FXTrading Platform.

ABOUT RCBC

The Rizal Commercial Banking Corporation (RCBC) is the financial flagship company of the Yuchengco Group of Companies (YGC). As one of the largest private universal banks in the country, RCBC is able to provide a wide scale of services through its thrift bank, investment bank, foreign exchange brokerage house, leasing company, and overseas remittance companies. For more information on RCBC, visit www.rcbc.com.