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Expressnet
Image:Expressnet Logo.png
Operating area Philippines
Members 7
ATMs 2,213
Founded 1986

Expressnet is an interbank network connecting the ATM networks of seven major banks in the Philippines. The Philippines ( Filipino: Pilipinas, officially known as the Republic of the Philippines (fil ''Republika ng Pilipinas'' RP An interbank network, also known as an ATM consortium or ATM network, is a computer network that connects the ATMs of different Banks A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money The Philippines ( Filipino: Pilipinas, officially known as the Republic of the Philippines (fil ''Republika ng Pilipinas'' RP It is the second-largest ATM network in terms of number of ATMs (largely due to the vast nationwide presence of BPI Express Teller ATMs) and the smallest in terms of customers and number of member banks. However, it's strength among the interbank networks and the ubiquity of BPI ATMs have given birth to the Expressnet motto: "The Powerful Connection". A motto (from the Italian word motto, meaning witticism sentence is a phrase meant to formally describe the general motivation or intention of a social group

At present, Expressnet has 3. 5 million customers and has 2,213 ATMs operating 24 hours a day.

Contents

History

Expressnet was founded on February 14, 1986, when the ATMs of Bank of the Philippine Islands (BPI) and its subsidiary, BPI Family Savings Bank, the founders of Expressnet, were connected for the first time. Events 842 - Charles the Bald and Louis the German swear the Oaths of Strasbourg in the French and German Year 1986 ( MCMLXXXVI) was a Common year starting on Wednesday (link displays 1986 Gregorian calendar) The Bank of the Philippine Islands or BPI ( is the oldest Bank in the Philippines still in operation and is the third largest bank in the country in The first Expressnet transaction was also conducted on this year.

Soon thereafter, in December of 1991, Landbank joined the consortium, followed by HSBC in February of 1992. Year 1991 ( MCMXCI) was a Common year starting on Tuesday (link will display full calendar of the Gregorian Calendar. Land Bank of the Philippines ( Filipino: Bangko sa Lupa ng Pilipinas) also known as Landbank or by its initials LBP, is a Bank in HSBC Holdings plc ( (,,,) is a Public limited company incorporated in England and Wales, headquartered in London. Year 1992 ( MCMXCII) was a Leap year starting on Wednesday (link will display full 1992 Gregorian calendar) Banco de Oro joined in April of 1995, BPI Direct Savings Bank, another BPI subsidiary, joined in 2000, and HSBC Savings Bank, a subsidiary of HSBC, became the latest Expressnet member on April 1, 2001. Banco de Oro Universal Bank ( commonly known as Banco de Oro, BDO, or sometimes BDO Unibank, was the fifth-largest bank in the Philippines Year 1995 ( MCMXCV) was a Common year starting on Sunday. Events of 1995 BPI Direct Savings Bank, known as BPI Direct for short is a Bank in the Philippines. 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Events 527 - Byzantine Emperor Justin I names his nephew Justinian I as co-ruler and successor to the throne Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar.

Expressnet and another Philippine interbank network, MegaLink, formed an alliance on May 6, 1997, with the main ceremony held at Ayala Center. MegaLink (also spelled Megalink) is an Interbank network connecting the ATM networks of twenty-two* members in the Philippines with a total of Events 1527 - Spanish and German troops sack Rome; some consider this the end of the Renaissance. Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar Ayala Center is the trademark given to the branch of the Philippine -owned Ayala Corporation dedicated to shopping complexes. This meant that 2. 3 million Expressnet cardholders could use their cards with MegaLink ATMs, and 2. 7 million MegaLink cardholders could use their cards with Expressnet ATMs.

On July 13, 2005, Expressnet and BancNet signed a memorandum by executives of both networks. Events 1174 - William I of Scotland, a key rebel in the Revolt of 1173-1174, is captured at Alnwick by forces loyal to Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. BancNet is a Philippine -based Interbank network connecting the ATM networks of more than forty local Banks It is considered the largest interbank At present, all Expressnet ATMs advertise full connectivity with BancNet ATM cards.

Expressnet is also known for its Express Payment System (EPS), which was at first the debit card system of the BPI Express Teller ATM card. The Express Payment System, more commonly known as the EPS, was the EFTPOS system originally of the ATM cards of Bank of the Philippine Islands A debit card (also known as a bank card) is a plastic card which provides an alternative payment method to Cash when making purchases In 2005, the network expanded to include cardholders of all Landbank E. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. A. S. Y. (Express Access for Savers like You) and Banco de Oro Smarteller (both local and international) ATM cards.

Members

Expressnet is the primary network of the following banks listed below:

Bank Membership date ATM EPS BancNet MegaLink Withdrawal limit
Bank of the Philippine Islands February 14, 1986 Express Teller Yes Yes Yes P20,000
BPI Family Savings Bank
BPI Direct Savings Bank 2000
Banco de Oro (with ties to Megalink) April 1995 Smarteller Yes Yes Yes P25,000
HSBC February 1992 HSBC ATM No No Yes P40,000
HSBC Savings Bank April 1, 2001
Land Bank of the Philippines December 1991 E. The Philippines has a comprehensive banking system encompassing various types of banks from large Universal banks to small Rural banks and even non-banks The Express Payment System, more commonly known as the EPS, was the EFTPOS system originally of the ATM cards of Bank of the Philippine Islands BancNet is a Philippine -based Interbank network connecting the ATM networks of more than forty local Banks It is considered the largest interbank MegaLink (also spelled Megalink) is an Interbank network connecting the ATM networks of twenty-two* members in the Philippines with a total of The Bank of the Philippine Islands or BPI ( is the oldest Bank in the Philippines still in operation and is the third largest bank in the country in Events 842 - Charles the Bald and Louis the German swear the Oaths of Strasbourg in the French and German Year 1986 ( MCMLXXXVI) was a Common year starting on Wednesday (link displays 1986 Gregorian calendar) BPI Direct Savings Bank, known as BPI Direct for short is a Bank in the Philippines. Banco de Oro Unibank Inc ( also known as Banco de Oro and BDO, is a major Bank in the Philippines. MegaLink (also spelled Megalink) is an Interbank network connecting the ATM networks of twenty-two* members in the Philippines with a total of HSBC Holdings plc ( (,,,) is a Public limited company incorporated in England and Wales, headquartered in London. Events 527 - Byzantine Emperor Justin I names his nephew Justinian I as co-ruler and successor to the throne Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Land Bank of the Philippines ( Filipino: Bangko sa Lupa ng Pilipinas) also known as Landbank or by its initials LBP, is a Bank in A. S. Y. Card ATM Yes No Yes P30,000

Connectivity

All Expressnet ATM cardholders and a majority of Expressnet ATMs are connected to both MegaLink and BancNet, the other Philippine interbank networks. MegaLink (also spelled Megalink) is an Interbank network connecting the ATM networks of twenty-two* members in the Philippines with a total of BancNet is a Philippine -based Interbank network connecting the ATM networks of more than forty local Banks It is considered the largest interbank All Expressnet cardholders can access MegaLink and BancNet-connected ATMs and vice versa.

However, not all Expressnet ATMs are linked to MegaLink and BancNet. Prominent examples of this include Landbank and HSBC, but the BPI group and Banco de Oro are accessible to MegaLink cardholders.

An agreement was signed though between BancNet and Expressnet to interconnect. The first bank to make such an announcement about the BancNet-Expressnet tie-up was Chinabank, of which its sister bank, Banco de Oro, is a member of Expressnet. China Banking Corporation ( known publicly as Chinabank or China Bank, is one of the largest Banks in the Philippines, ranking eleventh in terms

Internationally, Expressnet cardholders (excluding Landbank and local BPI and Banco de Oro cardholders) are connected to Maestro and Cirrus in the cases of BPI and Banco de Oro and PLUS in the case of HSBC, as well as the entire HSBC network. Maestro means " Master " or " Teacher " in Italian. Banco de Oro also has a direct link to MasterCard. MasterCard Worldwide ( is a multinational corporation based in Purchase, New York, USA. Expressnet ATMs link to the same with BPI ATMs also providing access to American Express cardholders and HSBC ATMs providing access to Visa cardholders. American Express ( sometimes known as " AmEx " or " Amex " is a diversified global Financial services company headquartered in

Card Classifications

There are two classifications of Expressnet cards: local and international. A list of cards is provided below.

See also

External links


Philippine interbank networks
BancNet | ENS | Expressnet | MegaLink | Nationlink
MasterCard Worldwide ( is a multinational corporation based in Purchase, New York, USA. BPI Direct Savings Bank, known as BPI Direct for short is a Bank in the Philippines. BancNet is a Philippine -based Interbank network connecting the ATM networks of more than forty local Banks It is considered the largest interbank An interbank network, also known as an ATM consortium or ATM network, is a computer network that connects the ATMs of different Banks MegaLink (also spelled Megalink) is an Interbank network connecting the ATM networks of twenty-two* members in the Philippines with a total of ATM usage fees are the fees many banks and Interbank networks charge for the use of their Automated Teller Machines (ATMs An interbank network, also known as an ATM consortium or ATM network, is a computer network that connects the ATMs of different Banks BancNet is a Philippine -based Interbank network connecting the ATM networks of more than forty local Banks It is considered the largest interbank Encash Network Services, or ENS, is an Interbank network that connects the ATMs of four Rural banks in the Philippines, eventually aiming MegaLink (also spelled Megalink) is an Interbank network connecting the ATM networks of twenty-two* members in the Philippines with a total of Nationlink is an Interbank network and EFTPOS network in the Philippines.
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