DBP debit cards for march 2023

The Development Bank of the Philippines offers three cards. The Visa card, the prepaid card, and the ATM ID card. With the DBP cards, you can make your payments, such as credit card dues or utility costs, as well as a variety of other invoices from almost 50 approved billers. You can also send the credits directly to your Globe, Smart, or Sun phone. Finally, you can quickly transfer funds to any DBP account or other account, but it must be managed at a Bancnet member bank.

Types of cards

As previously stated, the bank provides three cards:

DBP ATM Visa card

This card has some good features, including the following:

• It can be used to withdraw cash from ATMs both locally and internationally. This card can be used to withdraw money from your DBP account at any ATM worldwide that accepts Visa cards.
• It can be used to pay for goods and services using POS terminals and IPGs connected to the BancNet and Visa networks. You can use the ATM Visa card to pay for goods and services at any POS terminal in the country and IPGs via BancNet and any Visa network.
• It has five years of validity. The card is valid for five years, so you can use it without worrying about renewing it anytime soon.

The card also includes account features such as:

• It can be linked to a DBP saving or current account.
• It is possible to earn interest.
• It has a ₱100.00 maintenance balance.

DBP prepaid card

The Development Bank of the Philippines issues the DBP prepaid card, and it has the following features:

• It can be used to withdraw money from ATMs both locally and internationally.
• It can also be used to pay for products and services via POS terminals and IPGs via the Visa and BancNet networks.
• It has the possibility to customize your own design.
• It has a 5-year validity span.
• It has no minimum maintenance balance requirement.
• Its earnings do not come with interest.
• It can carry a maximum load of ₱100,000

DBP ATM ID card

Below are some features of the DBP ATM ID card:

• The payroll funds are simplified using the DBP ATM ID card.
• The card allows payments for products and services to be made via POS terminals and IPGs via the Visa and BancNet networks.
• The card's design is customizable.
• The card has no expiration date, meaning you can use it whenever.
• It is linked to either your checking or savings account.
• The account can be used to earn interest.
• The card has a maintaining balance of ₱100,000.

How to issue the DBP cards?

If you want to apply for a new DBP card, you must first complete the following steps:

1. Visit the nearest Development Bank of the Philippines branch.
2. Go to the new card section for an interview and briefing.
3. Fill out all of the required forms and then present the necessary papers.
4. Deposit the minimum needed amount for cards with a minimum maintenance requirement (if you do not have up to the amount in the account that will be linked to the card).
5. Get your DBP card.

Requirements

Eligibility

To apply for the DBP cards, applicants must:

• Have a deposit account with the Development Bank of the Philippines.
• At least be 21 years old.
• Be a regular permanent employee or have a profitable business (for self-employed applicants).

Documentary requirements

• A government-issued identification card.
• Self-employed applicants must have an ITR, two years AFS, business permit, and DTI/SEC registration.
• Employed applicants must have a one-month payslip or signed COE or ITR.
• Non-Filipino citizens must have a three-year employment contract or visa with a hold-out deposit.

Pros and cons

Before applying for a DBP card, consider the following honest perks and downsides.

Pros

• The cards can be used to pay bills from more than 50 billers.
• Some of the cards do not require a minimum maintenance fee.
• The least validity period for a card is five years, meaning you can use the card for a long time without worrying about renewing.
• The cards can be used to withdraw cash in local and international ATMs.
• The card’s designs are customizable.

Cons

• The card can only be applied for in-branch.
• The card comes with too many requirements for an ATM card.