Saturday, July 31, 2010

RCBC AccessOne Internet Banking

Rizal Commercial Banking Corporation, or RCBC for short, is one of the top 10 commercial banks in the Philippines. It offers a full range of personal and corporate banking services. Its corporate website is and its Internet banking website is called AccessOne.

RCBC has a savings bank subsidiary called RCBC Savings Bank. As of this writing, RCBC Savings does not offer Internet banking. RCBC also offers a cash card system called MyWallet similar to Unionbank EON or BDO Cash Card. As of this writing, MyWallet accounts may not yet be enrolled to RCBC AccessOne. Only regular savings and checking accounts are allowed.

RCBC AccessOne runs on Microsoft IIS 6.0 and ASP.NET 2.0 technology. It is most likely running on a Microsoft Windows 2003 host operation system under the hood. The Internet banking software used, in most likelihood, came from the same vendor used by Unionbank Internet banking. The look-and-feel, process flow, as well as, the url naming conventions look too similar to be a coincidence. Since Unionbank has been offering Internet banking a longer time than RCBC, it follows that RCBC must have based their system on Unionbank's.

RCBC AccessOne provides all the basic online banking services including balance inquiry; viewing of transaction history, and funds transfer. Funds transfer can be done from regular RCBC accounts to third party RCBC or RCBC Savings accounts. The reverse is, of course, not possible because RCBC Savings account holders do not have access to AccessOne. A separate transaction password is also required for financial transactions such as funds transfer. A password expiration policy also forces you to keep changing passwords every 180 days or so.

RCBC is the flagship bank of the Yuchengco Group of Companies whose diverse business interests range from insurance, tourism, travel, education, IT, construction to automotive vehicles (Honda and Isuzu dealership), health care and advertising. It is a member of the BancNet ATM consortium. The basic RCBC savings account has a minimum maintaining balance of PHP3,000. As of this writing, RCBC has more than 300 branches nationwide.

RCBC account holders may purchase from online merchants with Dragonpay using their AccessOne Internet banking facility. RCBC users who have not enabled their AccessOne Internet banking may do so for free by registering at the RCBC AccessOne website. Activation only takes about a day or two.

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