OFBank is a Digital Bank servicing Overseas Filipinos and their Beneficiaries through state-of-the-art Electronic Banking Channels such as Mobile Phone, ATM and Internet which are more convenient, faster (real-time), cheaper and secure, eliminating the need for over-the-counter services.
By 2023, LANDBANK through OFBank will be the market leader among the top five (5) universal banks in terms of online transactions from Overseas Filipinos and their Beneficiaries.
• To promote OFBank's Mobile App among Overseas Filipinos through the Overseas Remittance Officers of LANDBANK.
• To tailor-fit the following LANDBANK products and services according to the peculiar needs of Overseas Filipinos and their beneficiaries:
1. Opening of ATM Account
3. Bills Payment
6. Investments in LANDBANK UITFs and OFBank Preferred Shares
7. Invest in Insurance
8. Investment in Government Securities
• To provide "Study Now, Pay Later", Housing and Livelihood Loans to Overseas Filipino Beneficiaries.
• To promote regular savings habit among Overseas Filipinos and their Beneficiaries through the "Future Need Savings Plan".
• To promote investments in LANDBANK UITFs, Government Securities and OFBank Preffered Shares
• To conduct financial literacy seminars among Overseas Filipinos within the premises of Philippine Embassies and Consulates.
• To conduct Pre-Departure Orientation Seminars (PDOS) for OFWs in the OFBank Center at Liwasang Bonifacio.