Philstar.com
September 6, 2025 | 4:38pm
MANILA, Philippines — On its sixty fifth anniversary, Rizal Industrial Banking Company (RCBC) is rewriting Philippine banking historical past.
In partnership with Meridian, a world chief in instantaneous funds, RCBC is now giving Filipinos the ability to personal their very personal US digital account. No US handle, Social Safety Quantity, or residency required.
The landmark settlement was signed on the RCBC A.T. Yuchengco Centre at Bonifacio World Metropolis, Taguig by Lito Villanueva, RCBC Government Vice President and Chief Innovation & Inclusion Officer, and William Haering, Meridian Chief Government Officer, cementing a breakthrough that transforms how Filipinos work, receives a commission, and assist their households throughout borders.
By means of the digital collaboration, RCBC purchasers can now view their very personal US digital checking account quantity proper contained in the RCBC Pulz cell app.
The financial institution stated the innovation brings life-changing benefits. With Direct US Payroll, Filipino staff of US firms can now obtain their salaries immediately, as if banked in America. Freelancers comparable to creatives, builders, and digital assistants can gather shopper funds sooner and with out intermediary delays and charges. It additionally makes household assist easy, enabling US-based family members to ship cash straight into RCBC accounts by way of native US transfers, skipping pricey remittance channels. No SWIFT, no delays, and it affords even sooner, cheaper, and extra clear cross-border transfers.
“This isn’t simply one other app characteristic. It’s a historic breakthrough,” stated Villanueva. “A real world showcase of open finance. For the primary time, Filipinos can instantly take part within the US monetary system, unlocking new alternatives for work, enterprise, and household assist, because of our strategic partnership with New York-based Meridian.”
“Meridian’s mission is to make cross-border funds really feel native,” stated Haering. “By linking RCBC on to US fee rails, we’re enabling Filipinos from abroad employees to freelancers to households to obtain cash immediately, seamlessly, and affordably. It’s transformative for the US-Philippine hall.”
For many years, Filipinos have relied on remittance facilities, pricey wire transfers, and lengthy waits to entry US funds. Now, RCBC accounts are acknowledged contained in the US home system itself, making conventional remittances virtually out of date.
Employers, purchasers and family members within the US can now ship funds to Filipinos as simply as an area US switch, with funds showing immediately in RCBC accounts.
