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MANILA, Philippines — Malacañang on Monday urged other banks and financial institutions to follow the example of state-run Land Bank of the Philippines (Landbank) in significantly reducing — or completely eliminating transfer fees — as part of the administration’s target to remove barriers to financial access and make banking more inclusive for all Filipinos.
According to Palace press officer Claire Castro, the call aligned with President Ferdinand Marcos Jr.s’ goal of making financial transactions more affordable and accessible for Filipinos.
“We hope all banks will follow what Landbank has started to help our fellow Filipinos,” she said.
READ: Palace grants Landbank remittance relief
