Overseas Filipino Bank (OFBank): Digital Banking Guide for OFWs

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Overseas Filipino Bank (OFBank)¹ was created specifically to serve Filipinos living and working overseas, and their families. Overseas Filipinos often need ways of receiving salary, and sending and receiving international payments and remittances. OFBank’s accounts, cards and payment services are here to help.

This guide looks at OFBank account and card options, and how to sign up. We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

What is OFBank?

Overseas Filipino Bank is a digital-only bank which caters to the unique needs of Overseas Filipinos (OF) and Overseas Filipino Workers (OFW).

As overseas workers commonly need low cost ways to remit money home to loved ones in the Philippines, the account types have features for sending and receiving funds in pesos, as well as linked debit cards for spending and withdrawals.

Are LANDBANK and OFBank the same?

No. OFBank and LANDBANK aren’t the same. OFBank is a wholly owned subsidiary of LANDBANK and the accounts available through OFBank are different to those on offer at LANDBANK.

Does the Overseas Filipino Bank have branches?

No. There are no Overseas Filipino Bank branches - instead users can access services through the OFBank app.

However, LANDBANK branches may still assist OFBank users with certain over-the-counter transactions, including ATM/debit card claiming or replacement, cash and check deposits in areas without a LANDBANK Cash Deposit Machine, and withdrawals exceeding ₱50,000.

OFBank account types and ATM cards

Overseas Filipino Bank has two different ATM deposit account types, which both offer an OFBank ATM card. You can use your account to hold, send and receive money, and view transactions with the OFBank mobile banking service.

The two account types are aimed at overseas workers, including their beneficiaries and families in the Philippines. Here’s a summary of your options:

OFBank Features and benefits

OFBank offers ATM deposit accounts and cards, as well as remittance services and loans. The services available and the means of accessing your account are designed to fit the needs of overseas Filipinos who need remote account control and convenient payment services.

Here are some of the OFBank account features you can expect:

• Open an OFBank account online from anywhere in the world
• No minimum maintaining balance or inactivity fees
• Earn interest at 0.05% if you hold 500 PHP or more in your account
• Free bill pay services in the Philippines
• Send payments from abroad to a recipient’s OFBank account number or card number
• Remittances available digitally and through overseas remittance partners⁵
• Deposit in Overseas Filipino Bank accounts locally via Instapay/Pesonet
• Withdraw money from global ATMs (adult account only) or get cash over the counter at a LANDBANK branch

It's helpful to note that the account intended for children aged 7–17 has fewer features compared to the adult account. You can't withdraw money internationally or send remittances using a child's account, for example, and online purchases through Visa-accredited merchants aren't available either. This enhances the security of the children's account while still allowing them to receive remittances and spend locally.

OFBank fees and maintaining balance

Here are the OFBank fees you’ll need to consider when signing up:

*Details correct at time of research - 19th May 2026

There’s no minimum OFBank maintaining balance on either of the available deposit account types. However, you must hold 500 PHP or more to earn interest. There’s also a limit of 50,000 PHP daily on ATM withdrawals.

How to open an OFBank account online

You can open an OFBank account in the OFBank app, using the Digital Onboarding System Artificial Intelligence (DOBSAI) feature. This process allows you to remotely open an account and get verified, so you can set up your account from anywhere.

You’ll need to have your ID document to hand - for OFWs that is usually your choice from the following:

• Passport
• UMID
• PRC ID

For beneficiaries, you may use any one (1) of the following valid IDs: Company ID, Driver’s License, GSIS ID, OFW ID, OWWA ID, Passport, Postal ID, PRC ID, School ID, Senior Citizen ID, SSS ID, UMID, or Voter’s (COMELEC) ID.

You must also have a smartphone (iOS or Android), a stable internet connection, and a working email address and mobile number for verification.

Here’s how to open an OFBank account in the OFBank app:

1. Download the OFBank app and follow the prompts to register a user ID and password
2. Select Continue and select whether you are an OFW, OF or beneficiary
3. Read and agree to the Terms and Conditions document
4. Follow prompts to enter your personal information into the Profile Details section
5. Authenticate your phone number and email following the on screen instructions
6. Enter the required information and complete the security questions
7. Upload an image of your ID document and take a selfie

You’ll receive a confirmation e-mail once your OFBank account has been verified and is ready to use.

How to deposit in Overseas Filipino Bank

You can deposit money to an OFBank account in pesos through a local payment, in the following ways:

• Make a local payment with LANDBANK/OFBANK Mobile Banking
• Send PHP from another local bank, GCash or Maya account via Instapay/Pesonet

You can also send money from overseas to an OFBank account in the following ways:

• Send money from your overseas bank account using your foreign bank’s Swift transfer services
• Send money through a LANDBANK/OFBank Remittance Center overseas⁶
• Send money via Visa Direct (not available for OFBank Regular Debit Card holders)

Sending money to an OFBank account from abroad

You can initiate a payment to an OFBank account through your foreign bank or at a remittance center if there’s one local to you. The details you need for each different international payment type can vary.

To send from your foreign bank you’ll need:

• Your recipient's full name
• Your recipient's OFBank account number
• The correct bank name - LAND BANK OF THE PHILIPPINES
• OFBank’s Swift code

If you’re sending money through a LANDBANK/OFBank Remittance Center overseas you’re asked for:

• Your recipient's full name
• Your recipient's OFBank account number
• The correct bank name - LAND BANK OF THE PHILIPPINES

Or to send a payment to an OFBank Visa Debit card, you need the recipient's 16-digit Visa card number.

OFBank account number and SWIFT code

If you’re sending money from your bank overseas to an OFBank account you’ll need the recipient's 10-digit Account Number and the correct Swift code:

OFBank Swift code: TLBPPHMMXXX

Sending money to the Philippines? Use Wise for instant transfers

Learn more in the step-by-step video guide on how to send money to and from the Philippines with Wise:

Wise international money transfers can be set up online or within the Wise app with low fees from 0.57% and the mid-market rate, to over 140+ countries. There’s no markup added to the exchange rate that’s used to convert your currency, which makes it easier to see exactly what you're paying for a transfer, and what the recipient will get in the end. Just transfer the amount indicated in PHP and let Wise do the rest.

To make sending foreign currency even easier, create a free Wise account, and you'll be able to manage and convert your money in PHP and 40+ other currencies. You'll get the same great rates, and be able to track your transfers all from one place. You can also get 8+ local account details to be able to receive money in PHP, USD, GBP, and more.

🚀 Get started with Wise

FAQ

Are LANDBANK and OFBank the same?

LANDBANK and OFBank are not the same bank, but they are connected - LANDBANK owns OFBank but it operates as a separate entity and has different account types compared to LANDBANK.

Does OFBank have a maintaining balance?

There is no required maintaining balance for OFBank deposit accounts. However, you must hold 500 PHP or more to earn interest.

What is the OFBank SWIFT code?

The OFBank Swift code is TLBPPHMMXXX.

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Sources:

1. OFBank
2. OFBank FAQ
3. OFBank Visa Debit Card
4. OFBank Regular Debit Card
5. OFBank remittance
6. LANDBANK remittance partners