Robinsons Bank launches digital piggy bank

MANILA, Philippines — Gokongwei-led Robinsons Bank Corp. has launched a digital piggy bank to encourage Filipinos to save more to achieve their financial goals as the country continues to recover from the impact of the COVID-19 pandemic.

Robinsons Bank introduced a new goal save feature on the RBank Digital mobile banking app called Rkansya, giving Filipinos the opportunity to take control of their financial future.

Rkansya aims to revolutionize the way customers save and achieve their financial goals – whether it’s for a new travel destination, a gadget or gaming console upgrade, or maybe even to build a rainy day fund.

Users can easily create an Rkansya on the RBank Digital app as long as they have an existing RBank savings or checking account.

Unlike the traditional piggy bank, Rkansya offers more than just an automated way of saving funds. It also empowers Filipinos to achieve their life goals as it enables customers to create a personalized savings plan that is tailored to their unique needs and aspirations.

The Rkansya is perfect for use to save up for an upcoming out-of-town trip, upgrade computer, or to establish an emergency savings fund.

Rkansya has an auto-debit feature which makes saving easier. RBank Digital will automatically fund Rkansya using linked savings or checking account depending on the period of time picked by users.

Unlike the traditional piggy bank, Rkansya provides real-time updates on the amount saved, the timeline, and the remaining balance, giving users a sense of accomplishment and motivation to continue saving.

To make the experience even more rewarding, users can earn three Go Rewards points per month for every P2,000 average daily balance (ADB) maintained in their Rkansya.

The merger between Robinsons Bank and Ayala-led Bank of the Philippine Islands (BPI) is expected to be completed within the year.

The Gokongwei Group is seen to end up with a stake of more than 10 percent in BPI, the surviving entity.