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Corporate > POS Cash Out

What is Cash Out?

BancNet's Cash Out facility allows customers to withdraw cash from accredited partner institutions spread across the country using their ATM, debit card, cash card or e-money account. Instead of an Automated Teller Machine (ATM), a POS machine is used to authorize transactions.


Most Cash Out machines and partner institution sites are situated in areas where there are few ATMs (or no ATMs at all).

Main Features

  • Transaction flow like in ATM withdrawal but cash is disbursed by a partner institution personnel (cashier or teller)
  • Cardholders can withdraw as much as P10,000 in one transaction
  • Unlike in ATMs, cardholders can withdraw amounts not necessarily in multiples of P100 (ex.P150 or P1,270)
  • Two receipts are generated - one for the cardholder or customer and one for the partner institution
  • Cardholders can inquire their account balance for free (however, no receipt is printed)
  • Cash Out machine can print batch reports which contain transactions made within a day, which helps in daily reconciliation

How Cash Out Works

The Cash Out service works through the coordination of different institutions. Cardholders transact using Cash Out devices installed in partner institutions. These partner institutions were accredited by Cash Out Acquirers, which are members of the BancNet network. Through the BancNet switch, it is possible for a Cash Out Acquirer to accept cards of a different BancNet member institution.



Benefits to Partner Institutions

  • Partner Institutions get a share of the service fee paid by the cardholder
  • Drives foot traffic to store or place of business
  • Less cost on cash safekeeping, as cash is deposited to bank account

Transaction Flow


Customer Fees

Banks charge their cardholders the same withdrawal fee as they charge when they withdraw through an ATM. However, banks charge an additional service fee of P20.00 for every successful transaction.

How to Become a Partner Institution

To become a Cash Out Partner Institution, get in touch with any of our Cash Out Acquirers listed below for more information.


# Banks
1 AUB
2 China Bank
3 DBP
4 Dungganon Bank
5 Enterprise Bank
6 Infoserve, Inc.- Nationlink
7 LANDBANK
8 PBCom
9 PBCom Rural Bank
10 PNB
11 Security Bank
12 Veterans bank

Account holders of the following can use the Cash Out service.

# Banks
1 AUB
2 Bank of Commerce
3 Bank of Makati
4 BPI Globe Banko
5 China Bank
6 China Bank Savings
7 Citibank, N.A.
8 City Savings Bank
9 City State Bank
10 CTBC Bank
11 DBP
12 Dungganon Bank
13 EastWest Bank
14 EastWest Rural Bank (Green Bank)
15 Enterprise Bank
16 Equicom Savings Bank
17 HSBC
18 HSBC Savings Bank
19 Infoserve, Inc.- Nationlink
20 LANDBANK
21 Legaspi Savings Bank
22 Luzon Development Bank
23 Malayan Bank
24 Maybank
25 Metrobank
26 OmniPay
27 Overseas Filipino Bank (formerly Postal Bank)
28 Pacific Ace Savings Bank
29 Partner Rural Bank
30 PayMaya (Smart Money)
31 PBCom
32 PBCom Rural Bank
33 Philippine Business Bank
34 Philtrust Bank
35 PNB
36 PNB Savings Bank (ASB)
37 Producers Bank
38 PSBank
39 Quezon Capital Rural Bank (QCRB)
40 RCBC
41 RCBC Savings Bank
42 Robinsons Bank
43 Security Bank
44 Standard Chartered
45 Sterling Bank
46 UCPB
47 UCPB Savings Bank
48 Union Bank
49 Veterans Bank
50 Wealth Bank
51 Yuanta Savings Bank (Tong Yang Bank)

List of Partner Institutions

For a list of our partner institutions, please click here.