RCBC, Sun Life Grepa back financial inclusion

Listed Rizal Commercial Banking Corp. (RCBC) has expanded its partnership with Sun Life Grepa Financial Inc. (Sun Life Grepa) to offer better financial security for the bank’s female and youth clientele through two savings accounts, eWoman and GoSavers.

For a minimum deposit of P15,000, women can avail of an eWoman Savings Account, while an eWoman Checking Account can be opened with a minimum deposit of P35,000.

The 2018 upgraded eWoman product bundle comes with free life insurance coverage that was increased to 300 from 200 percent of the opening deposit.

The previous P1 million coverage doubled to P2 million through Sun Life Grepa.

Meanwhile, GoSavers allows RCBC’s young depositors to kickstart their financial savings with an initial deposit of P100. With a minimum deposit of P10,000, depositors receive comprehensive insurance package for both themselves and their parents from Sun Life Grepa. It is exclusively available for individuals 21 years old and below.

The new programs are part of the financial inclusivity thrust of the Bangko Sentral ng Pilipinas.

Present to sign the contract that upgraded the terms of the partnership were (from left) RCBC Deposit Products and Promotions Division head Emmanuel Valdes, RCBC Retail Banking marketing segment head Ismael Reyes, RCBC Retail Banking Group head...