Philippine Savings Bank (PSBank) is celebrating its 65th anniversary, marking over six decades of providing straightforward and dependable banking services to Filipino families. Since inaugurating its first branch in Plaza Miranda, Quiapo, in 1960, PSBank has played a significant role in the financial lives of many Filipinos. During an era where banking was limited to major business hubs, characterized by manual processes and extensive paperwork, PSBank pioneered efforts to make financial services more accessible to ordinary families. Throughout the years, the bank has maintained its commitment to simplicity and reliability through consumer-friendly innovations, underpinned by a culture of malasakit, which aligns with its brand promise of being “Simple lang. Maaasahan.”
“Our 65th anniversary is not just about celebrating the past, but about honoring the trust of our customers who have allowed us to be part of their lives and dreams,” said Jose Vicente L. Alde, PSBank President. “As we look to the future, we will continue to keep banking simple, reliable, and meaningful so that every Filipino can focus on what truly matters.”
PSBank has consistently led with customer-centric enhancements. Its mobile app, PSBank Mobile, has become a gateway for many Filipinos to access the formal banking system.
Through the app, customers can open a savings account at any time with no minimum deposit and no maintenance balance—making banking more inclusive and accessible. To further simplify the account opening process, PSBank has recently enhanced its digital onboarding process. With only a smartphone, a valid ID, and a selfie, customers can open a fully functional savings account and gain instant access to essential banking services.
Designed as an all-in-one platform, PSBank Mobile offers features that simplify everyday transactions, including bill payments, fund transfers, and more. The Bank was among the first in the country to launch Cardless Withdrawal, enabling clients to withdraw cash from any PSBank ATM without a physical card, as well as Mobile Check Deposit, which simplifies check clearing and makes it more convenient.
PSBank also offers an online loan application via its website, providing customers with a convenient way to apply for car or personal loans anytime, anywhere.
These advancements are reflected in the Bank’s strong performance. In 2024, PSBank recorded a net income of PhP5.21 billion, its highest to date and 15 percent higher than the previous year. Beyond earnings, the Bank continues to play a role in financing homes, vehicles, and small businesses, providing families with access to essential assets and livelihoods.
The Bank’s malasakit commitment is evident across its touchpoints—from its branch network to its digital platforms. Customers can count on 24/7 support through PSBank’s website Live Chat, phone banking, and official social media channels.
Looking ahead, PSBank will continue to strengthen its core lending businesses in auto, home, and SME loans, while focusing on continuous operational improvements and simplifying and digitalizing processes to enhance the customer experience.
The Bank remains committed to providing fast turnaround times and exceptional service at every point of contact. Guided by customer insights and feedback, PSBank continues to fine-tune its offerings and build lasting relationships with the communities it serves.
Today, PSBank operates 250 branches and more than 500 ATMs nationwide, complemented by mobile and online platforms that bring banking services closer to millions of Filipinos. From the passbooks and long queues of the 1960s to today’s real-time digital transactions, the Bank has remained a steady presence in the financial lives of generations.
To learn more about PSBank’s products and services, visit www.psbank.com.ph or follow PSBank on Facebook.
