Expressnet is an interbank network connecting the ATM networks of seven major banks in the Philippines. It is also the smallest of the Philippines' interbank networks Outdoor ATMs may be free-standing, like this kiosk, or built into the side of banks or other buildings An automatic teller machine or automated teller machine (ATM) is an electronic device that allows a banks customers to make cash withdrawals and check their account balances without the need... The essential function of a bank is to provide services related to the storing of deposits and the extending of credit. ...

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. The first Expressnet transaction was also conducted on this year. 14 February is the 45th day of the year in the Gregorian Calendar. ... 1986 is a common year starting on Wednesday of the Gregorian calendar. ... Bank of the Philippine Islands (BPI), the countrys oldest bank and has a long and colorful history. ...

Soon thereafter, in December of 1991, Land Bank of the Philippines joined, followed by HSBC in February of 1992. 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. December is the twelfth and last month of the year in the Gregorian Calendar and one of seven Gregorian months with the length of 31 days. ... 1991 is a common year starting on Tuesday of the Gregorian calendar. ... Land Bank of The Philippines, also known as LBP, is a government owned bank focused on the rural markets. ... HSBC Holdings PLC (NYSE: HBC), (LSE: HSBA), (HKSE: 005), (Euronext: HSBC), is one of the largest banking groups in the world. ... February is the second month of the year in the Gregorian Calendar. ... 1992 is a leap year starting on Wednesday of the Gregorian calendar. ... Banco de Oro Universal Bank (PSE: BDO), commonly known as Banco de Oro, BDO, or BDO Unibank to a lesser extent, is one of the largest banks in the Philippines, ranking eighth in terms of assets. ... April is the fourth month of the year in the Gregorian Calendar and one of four with the length of 30 days. ... 1995 was a common year starting on Sunday of the Gregorian calendar. ... 2000 is a leap year starting on Saturday of the Gregorian calendar. ... April 1 is the 91st day of the year (92nd in leap years) in the Gregorian calendar, with 274 days remaining. ... 2001 is a common year starting on Monday of 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. 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. May 6 is the 126th day of the year in the Gregorian Calendar (127th in leap years). ... 1997 is a common year starting on Wednesday of the Gregorian calendar. ... Ayala Center Ayala Center is a development of Ayala Land, it is located in Makati City, Philippines. ...

Members

Expressnet is the primary network of the following banks listed below. However, banks whose ATMs are affiliated with more than one network (either Megalink or BancNet, another network) are also noted.

The following banks are affiliated with Expressnet:

• Bank of the Philippine Islands (also affiliated with Megalink)¹
• BPI Family Savings Bank (also affiliated with Megalink)¹
• BPI Direct Savings Bank (also affiliated with Megalink)¹
• Banco de Oro Universal Bank (also affiliated with Megalink)
• HSBC²
• HSBC Savings Bank²
• Land Bank of the Philippines

¹: These banks use only one type of ATM called an "Express Teller".
²: These banks use only one type of ATM in the Philippines and worldwide. Bank of the Philippine Islands (BPI), the countrys oldest bank and has a long and colorful history. ... Banco de Oro Universal Bank (PSE: BDO), commonly known as Banco de Oro, BDO, or BDO Unibank to a lesser extent, is one of the largest banks in the Philippines, ranking eighth in terms of assets. ... HSBC Holdings PLC (NYSE: HBC), (LSE: HSBA), (HKSE: 005), (Euronext: HSBC), is one of the largest banking groups in the world. ... Land Bank of The Philippines, also known as LBP, is a government owned bank focused on the rural markets. ...

Banks whose ATMs can use Expressnet cards but do not issue Expressnet cards are listed below:

• Equitable PCI Bank (issues Megalink cards)
• International Exchange Bank (issues Megalink cards)

See also

• BancNet
• Interbank network
• Megalink

External links

• Expressnet