What’s New
#BSPSecuriTips: New year, new habits!
Effective October 7, 2025, and pursuant to Bangko Sentral ng Pilipinas (BSP) Circular No. 1218 – Regulation on Large Value Cash Transactions, the following shall apply: • Over-the-Counter (OTC) cash withdrawals and payouts shall be limited to PHP 500,000 per day, whether in a single transaction or in multiple transactions. • Transactions exceeding this limit […]
Celebrating the 2026 National Banking Week (NBW)
SouthBank Inc together with Bangko Sentral ng Pilipinas (BSP) joins the country in celebrating the 2026 National Banking Week (NBW) from 1 to 7 January 2026. With the theme “Filipinos and Banks: Together for Progress,” NBW 2026 highlights banks as key partners in every Filipino’s progress. With inclusive banking, Filipinos can dream bigger, achieve more, […]
Notice of Conversion of LIBONA BRANCH into Branch-Lite Unit
We are pleased to inform you the conversion of LIBONA BRANCH into BRANCH-LITE UNIT effective January 15, 2026. The LIBONA BRANCH-LITE UNIT (Libona BLU) shall continue to serve you with the following activities; Deposit Account Opening Deposit and Withdrawal Transactions Acceptance of loan applications and payments Disbursement of loan proceeds Acceptance of Bills Payment via […]
Notice of the BSP Regulation on Large Value Cash Transactions (BSP Circular No. 1218)
Effective October 7, 2025, and pursuant to BangkoSentral ng Pilipinas (BSP) Circular No. 1218 –Regulation on Large Value Cash Transactions, thefollowing shall apply: • Over-the-Counter (OTC) cash withdrawals andpayouts shall be limited to PHP 500,000 perday, whether in a single transaction or inmultiple transactions. • Transactions exceeding this limit will requirethe submission of supporting documents.This […]
PUBLIC NOTICE – Branch Lite Unit (BLU) Relocation Advisory
The Philippine Deposit Insurance Corporation (PDIC) has officially raised the Maximum Deposit Insurance Coverage (MDIC) from ₱500,000 to ₱1,000,000 per depositor, per bank. This increase will take effect on March 15, 2025, and aims to strengthen public confidence in the country’s banking system and provide greater protection to depositors. The enhanced coverage means that each […]
PDIC Enhances Depositor Security with ₱1 Million Coverage Increase
The Philippine Deposit Insurance Corporation (PDIC) has officially raised the Maximum Deposit Insurance Coverage (MDIC) from ₱500,000 to ₱1,000,000 per depositor, per bank. This increase will take effect on March 15, 2025, and aims to strengthen public confidence in the country’s banking system and provide greater protection to depositors. The enhanced coverage means that each […]
Bank Extends Support to CLIMBS’ “Operations Tuli” in Indahag Community Outreach
Barangay Indahag, Cagayan de Oro City – May 24, 2025 — As part of its ongoing commitment to community service and volunteerism, the Bank extended modest financial support and volunteer assistance to the “Operations Tuli” community outreach led by CLIMBS Life and General Insurance Cooperative last May 24, 2025, at Barangay Indahag, Cagayan de […]
Empowering Progress: SouthBank and Zealep’s Manpower Group
“Together towards success” SouthBank is excited to share the success of SBPay Payroll Servicing within Zealep’s Manpower Group, which includes Cleanmate, MyDrink, Divine Shepherd, and Sastre. The pilot program for payroll disbursement through SBPay has been successfully implemented, marking a significant milestone in operational efficiency and employee satisfaction. During the onboarding process facilitated by Ms. […]
JAVP and CTO, Norman Armian Joins The Fintech Philippines Association and Smile API’s Exclusive Networking Mixer
On May 31st, 2024, SouthBank’s JAVP and CTO, Norman Armian, participated as a panelist at the Fintech Philippines Association and Smile API’s exclusive networking mixer. He was joined by other prominent figures in the field, including Jojo Malolos, CEO of Paymongo; Albert Tinio, CEO of GoTyme; Ron Recto, President of RB San Antonio; and Rafael […]
SouthBank Libona Officially Opens It’s New Home
In photo: Chairman Rafaelita Pelaez (center) On April 29, 2024, SouthBank Libona has officially opened its doors to it’s new home at Purok 3B, Brgy. Crossing, Libona, Bukidnon. The ribbon cutting was spearheaded by Chairman/CEO Wilhelmino Mendoza and wife Thelma Mendoza, together with Branch Manager Joerindel Osorio, and Fr. Reynaldo Raluto who also presided the […]
