RCBC Bank of the Philippines: review, and exchange rates 2023

RCBC Bank Philippines, commonly known as RCBC, is a prominent financial institution that has been serving the banking needs of individuals and businesses in the Philippines for several decades. In this comprehensive review, we will delve into various aspects of RCBC, including its history, credits and services, products, structure, currency exchange rates, customer support, and other essential banking conditions. Join us as we explore the features and offerings of RCBC Bank Philippines.

History and Evolution

RCBC Bank Philippines traces its roots back to 1960 when it was founded as a development bank. Over the years, the bank steadily expanded its operations and transformed into a full-service commercial bank. RCBC has since become one of the leading banks in the Philippines, offering a wide range of financial solutions to meet the diverse needs of its customers. With its commitment to innovation, customer satisfaction, and ethical practices, RCBC has played a significant role in the development of the Philippine banking industry.

Credits and Services

RCBC Bank Philippines is committed to providing a comprehensive range of credit facilities and services to cater to the diverse financial needs of its customers. The bank understands that individuals and businesses require flexible and accessible credit solutions, and it strives to offer competitive products that meet these requirements.

Personal Loans

RCBC Bank Philippines offers personal loans designed to address various financial needs. Whether it’s funding a dream vacation, covering medical expenses, consolidating debts, or financing educational expenses, RCBC’s personal loans provide the necessary funds with flexible repayment terms. Customers can choose from different loan amounts and tenures, allowing them to customize their borrowing experience according to their specific financial circumstances.

Home Loans

RCBC provides home loans that enable individuals to fulfill their dream of owning a home. The bank offers flexible financing options, competitive interest rates, and personalized guidance throughout the application and approval process. RCBC’s home loans cater to different purposes, including home purchases, construction, home improvements, and refinancing. With attractive terms and favorable rates, RCBC strives to make homeownership more accessible and affordable for its customers.

Auto Loans

For customers looking to purchase a new or used vehicle, RCBC offers auto loans with competitive financing options. The bank provides flexible repayment terms, affordable interest rates, and quick processing to make the vehicle acquisition process convenient and hassle-free. RCBC’s auto loans cover various types of vehicles, including cars, motorcycles, and commercial vehicles, allowing customers to choose the option that best suits their transportation needs.

Credit Cards

RCBC Bank Philippines offers a range of credit cards that provide convenience, flexibility, and rewards. Whether customers are looking for cashback, rewards, or travel benefits, RCBC has a credit card option to suit their lifestyle. RCBC credit cards offer features such as worldwide acceptance, attractive rewards programs, exclusive promotions, and access to a wide range of partner merchants. With secure and convenient transactions, RCBC credit cards enhance the overall shopping and payment experience for customers.

Business Loans

RCBC understands the financing needs of businesses and provides a wide range of credit facilities to support their growth. Whether it’s working capital financing, expansion loans, trade financing, or investment loans, RCBC offers tailored business loan solutions. The bank’s experienced relationship managers work closely with business owners to understand their specific requirements and structure loan packages accordingly. RCBC’s business loans provide the necessary capital and support to fuel business expansion and success.

Corporate Loans

RCBC caters to the financing needs of large corporations through its corporate lending solutions. The bank offers customized credit facilities for project financing, acquisition financing, capital investments, and working capital management. RCBC’s corporate loans are designed to provide businesses with the financial resources they need to execute strategic initiatives, enhance competitiveness, and seize growth opportunities. With its expertise in corporate banking, RCBC serves as a reliable financial partner for large enterprises in various industries.

Trade Finance Services

RCBC Bank Philippines provides comprehensive trade finance services to facilitate international trade transactions. The bank offers letters of credit, documentary collections, trade financing, and other services to support importers and exporters. RCBC’s trade finance solutions help mitigate risks, streamline documentation processes, and ensure smooth transactions. With its expertise in trade finance, RCBC assists businesses in expanding their global reach and optimizing their trade relationships.

Cash Management Solutions

RCBC understands the importance of efficient cash management for businesses. The bank offers a range of cash management solutions, including liquidity management, collections and disbursements, electronic banking, and payment solutions. These services help businesses optimize their working capital, streamline cash flows, and enhance operational efficiency. With RCBC’s cash management solutions, businesses can effectively manage their funds and focus on their core operations.

RCBC Bank Philippines strives to meet the diverse credit needs of individuals and businesses through its comprehensive range of credit facilities and services. The bank’s offerings are designed to provide convenient access to funds, competitive interest rates, flexible repayment terms, and personalized assistance throughout the borrowing process. Whether it’s personal loans, home loans, auto loans, credit cards, business loans, or trade finance services, RCBC is committed to supporting its customers’ financial goals and aspirations.

RCBC Exchange Rate

🇵🇭 PHP
Currency Buy Sell
🇺🇸 USD 48.13 48.63
🇪🇺 EUR 56.9729 58.7527
🇯🇵 JPY 0.4377 0.4515
🇸🇬 SGD 35.6756 36.7837
🇭🇰 HKD 6.1322 6.3245

Products and Solutions

RCBC Bank Philippines offers a diverse range of products and solutions to cater to the unique financial needs of its customers. With a focus on innovation, flexibility, and customer satisfaction, RCBC provides comprehensive offerings that empower individuals and businesses to achieve their financial goals. Let’s explore some of the key products and solutions provided by RCBC.

Deposit Accounts

RCBC offers a variety of deposit accounts to suit the banking preferences of individuals and businesses. These include:

  1. Savings Accounts: RCBC provides savings accounts with competitive interest rates and convenient features, allowing customers to grow their funds while maintaining liquidity.
  2. Checking Accounts: RCBC’s checking accounts offer easy access to funds for daily transactions, including check writing, ATM withdrawals, and online transfers.
  3. Time Deposits: RCBC’s time deposits provide higher interest rates for customers willing to invest their funds for a fixed period, ranging from a few months to several years.

Investment Products:

RCBC provides investment products that allow customers to grow their wealth and achieve financial stability. These include:

  • Unit Investment Trust Funds (UITFs): RCBC offers a range of UITFs, which are professionally managed investment portfolios that provide diversification across different asset classes such as stocks, bonds, and money market instruments. UITFs offer customers the opportunity to invest in a well-managed fund without the need for extensive market knowledge.
  • Mutual Funds: RCBC offers mutual funds, which are pooled funds managed by professional fund managers. These funds invest in a diversified portfolio of securities, including stocks, bonds, and other financial instruments. Mutual funds provide customers with the potential for higher returns based on the performance of the underlying assets.

Insurance Coverage

RCBC Bank Philippines offers insurance products to provide customers with financial protection and peace of mind. These insurance offerings include:

  1. Life Insurance: RCBC provides life insurance policies that offer financial protection to individuals and their families in the event of death or disability. These policies provide a lump-sum payment or regular income to the beneficiaries, ensuring their financial security.
  2. Health Insurance: RCBC offers health insurance plans that cover medical expenses, including hospitalization, surgeries, and outpatient treatments. These plans provide customers with access to a network of healthcare providers and reimbursement for medical expenses.
  3. Accident Insurance: RCBC’s accident insurance policies provide coverage for accidental injuries, disabilities, and accidental death. These policies offer financial compensation to individuals and their families in the event of accidents.

Remittance Services

RCBC understands the importance of convenient and secure remittance services, especially for customers with family and business connections abroad. The bank offers various remittance options, including international wire transfers and partnerships with international money transfer providers. These services ensure that customers can transfer funds globally with ease and confidence, facilitating seamless international transactions.

Online and Mobile Banking

RCBC provides comprehensive online and mobile banking platforms that enable customers to access and manage their accounts anytime, anywhere. Through these platforms, customers can perform a wide range of transactions, including funds transfers, bill payments, balance inquiries, and account management. RCBC’s digital banking services offer convenience, security, and flexibility, empowering customers to take control of their finances on their terms.

Cash Management Solutions

RCBC offers cash management solutions to assist businesses in effectively managing their cash flows and optimizing their financial operations. These solutions include:

  • Liquidity Management: RCBC helps businesses efficiently manage their cash positions by providing tools and solutions to optimize liquidity and ensure adequate funding for daily operations.
  • Collections and Disbursements: RCBC offers solutions that streamline the collections and disbursement processes, including electronic payment systems, payroll services, and automated billing systems.
  • Electronic Banking: RCBC provides electronic banking services that enable businesses to make secure and convenient electronic transactions, including online payments, fund transfers, and trade transactions.
  • Payment Solutions: RCBC offers a range of payment solutions, including credit card processing, online payment gateways, and point-of-sale systems, to support businesses in accepting and managing customer payments.

RCBC Bank Philippines continues to innovate and expand its product offerings, catering to the evolving financial needs of its customers. With a strong focus on customer satisfaction, RCBC strives to provide reliable, convenient, and flexible solutions to help individuals and businesses achieve their financial objectives.

Structure and Branch Network

RCBC Bank Philippines operates through an extensive branch network strategically located across the country. The bank’s physical presence is complemented by its robust online and mobile banking platforms, enabling customers to access their accounts and conduct transactions conveniently. RCBC’s commitment to providing a seamless banking experience is further enhanced by its advanced technology infrastructure and security measures, ensuring the safety and privacy of customers’ financial information.

RCBC Exchange Rate History and Chart

Currency Exchange Rates

RCBC Bank Philippines recognizes the significance of currency exchange rates in facilitating international transactions for its customers. The bank ensures competitive exchange rates for major currencies, enabling individuals and businesses to efficiently convert one currency into another. Let’s delve into how RCBC Bank Philippines handles currency exchange rates and the benefits it provides to its customers.

RCBC Bank Philippines understands that currency exchange rates play a crucial role in international transactions. The bank offers competitive exchange rates for major currencies, allowing customers to convert their funds accurately and efficiently. Here are some key aspects of RCBC Bank Philippines’ currency exchange services:

Competitive Rates

RCBC Bank Philippines keeps a close eye on the foreign exchange market and adjusts its rates accordingly. By monitoring market trends and fluctuations, the bank strives to offer competitive rates to its customers. This ensures that individuals and businesses can exchange currencies at fair and favorable rates, maximizing the value of their transactions.

Transparent and Updated Rates

RCBC Bank Philippines maintains transparency in its exchange rate policy. Customers can easily access the current exchange rates through various channels, including the bank’s website, mobile banking app, or by contacting their designated relationship manager. By providing up-to-date rates, RCBC Bank Philippines empowers customers with the information they need to make informed decisions regarding currency exchange.

Wide Range of Currencies

RCBC Bank Philippines supports a broad range of currencies, including major global currencies such as the US Dollar, Euro, Japanese Yen, British Pound, and Australian Dollar, among others. This allows customers to exchange funds in various currencies, catering to their specific needs, whether it’s for international travel, trade, or investment purposes.

Efficient Transaction Processing

RCBC Bank Philippines ensures that currency exchange transactions are processed efficiently and accurately. Whether customers choose to visit a branch, use the bank’s online platform, or utilize mobile banking services, RCBC Bank Philippines aims to provide a seamless and convenient experience. Customers can rely on the bank’s expertise and infrastructure to execute their currency exchanges swiftly and securely.

Foreign Currency Accounts

RCBC Bank Philippines offers foreign currency accounts, allowing customers to hold and transact in different currencies. This feature is particularly beneficial for individuals and businesses involved in international trade or those who frequently travel abroad. With foreign currency accounts, customers can conveniently manage their funds in different currencies and avoid repeated currency conversions.

RCBC Bank Philippines’ commitment to providing competitive exchange rates, transparency, and efficient transaction processing ensures that customers can confidently and conveniently engage in currency exchange activities. Whether it’s for personal or business purposes, RCBC Bank Philippines strives to meet the diverse currency exchange needs of its customers, contributing to seamless international transactions.

Customer Support

RCBC Bank Philippines places great emphasis on delivering excellent customer support. The bank’s dedicated customer service team is readily available to assist customers with inquiries, concerns, and requests. Customers can reach out to RCBC’s customer support through various channels, including phone, email, and in-person at branches. Additionally, RCBC provides a comprehensive FAQ section on its website, offering self-help resources and answers to common queries.

Banking Conditions and Policies

RCBC Bank Philippines maintains transparent and customer-centric banking conditions and policies. The bank adheres to regulatory guidelines set by the Bangko Sentral ng Pilipinas (BSP), ensuring compliance and safeguarding the integrity of customers’ accounts. RCBC’s credit terms, deposit requirements, interest rates, and other banking conditions are clearly communicated to customers, promoting transparency and fostering trust in its banking operations.


RCBC Bank Philippines stands as a reputable financial institution in the Philippine banking landscape, offering a wide range of credits and services, diverse products, a robust structure, competitive currency exchange rates, and excellent customer support. The bank’s commitment to delivering innovative and customer-centric solutions has positioned it as a trusted partner for individuals and businesses seeking reliable banking services. With its extensive branch network and digital platforms, RCBC continues to evolve and adapt to meet the evolving needs of its customers, contributing to their financial success and well-being.


1 USD to PHP = 48.38 Philippine pesos
48.13 PHP

General Information

Full name Rizal Commercial Banking Corporation
Short name RCBC
Bank logo
Established 1960

Contact Details

Official website www.rcbc.com
Address Yuchengco Tower, RCBC Plaza 6819 Ayala Avenue, Makati City, Philippines, 0727
Hotline (632) 8877 7222
Domestic toll-free 1 800 10000 7222
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