The Provincial Governments of Bukidnon and Sarangani in Mindanao have commended the Land Bank of the Philippines (LANDBANK) for providing a digital banking facility for convenient payroll transactions, remittances, and payment of government contributions for their employees.
The two local government units (LGUs) enrolled their institutional accounts to weAccess, LANDBANK’s internet-based banking facility for institutional clients that offers fund management, bills payment, remittance services, and Automated Teller Machine (ATM) payroll services, among others.
The Bukidnon LGU cited the convenient and timely disbursement of salaries to employees with the use of the LANDBANK weAccess.
“The LANDBANK weAccess significantly improved our operational efficiency as it eliminates travel time from our office to the bank, unnecessary delays in releasing personnel benefits, and shortage of coins for exact change,” said Bukidnon Provincial Treasurer Marilou Bueno.
Bueno pointed out that prior to their LANDBANK weAccess enrollment, they had to manually deliver payroll documents to the LANDBANK Malaybalay Highway Branch to process the salary of more than 3,000 employees.
“The LANDBANK weAccess really resolved this concern. Now, I can approve the payroll transactions even when I am out of the office,” Bueno added.
The partnership between LANDBANK and Bukidnon LGU started in 1996 when the latter opened a deposit account with the Bank. Over the years, they have continuously tapped LANDBANK to finance infrastructure projects for various economic activities benefitting the Province and its constituents.
At present, LANDBANK has a total of seven (7) branches and a branch-lite unit in the Province of Bukidnon, complemented by 42 ATMs, five (5) Cash Deposit Machines (CDMs), and two (2) Agent Banking Partners operating on behalf of the Bank.
Meanwhile, the Sarangani LGU utilizes the LANDBANK weAccess to remit employees’ premium payments and monthly contributions to the Home Development Mutual Fund or Pag-IBIG Fund, as well as payments to the Government Service Insurance System (GSIS).
“The introduction of LANDBANK weAccess to our province simplified the remittance of our employees’ payments to Pag-IBIG and GSIS,” said Sarangani Provincial Treasurer Eliza Cania.
With LANDBANK weAccess, the process of remitting physical checks to these government offices was eliminated, which also improved the LGU’s manpower efficiency.
Cania said that the platform was also heavily utilized at the height of the COVID-19 pandemic in 2021, when mobility within the province was restricted.
“The LANDBANK weAccess was very useful for us especially during the times when we encountered a surge in COVID-19 cases since it allowed us to deliver unhampered financial services to our employees,” Cania added.
A LANDBANK client for almost three (3) decades, the Provincial Government of Sarangani has complementing touchpoints of 11 LANDBANK ATMs across the province and a Branch in Alabel to cater to their banking needs.
LANDBANK has also financed various development and infrastructure projects in all of Sarangani’s seven municipalities.
As of end-May 2022, LANDBANK has recorded a total of 10 million transactions amounting to P243.64 billion through its weAccess platform, recording increases of 31.99% in volume and 24.73% in value, year-on-year.
As the biggest development partner of LGUs nationwide, LANDBANK leverages on technological solutions to serve the requirements of local governments and in serving the nation.