The service, launching in October 2025, requires no US address, Social Security Number, or residency.
Rizal Commercial Banking Corporation (RCBC) has announced a new service that will allow Filipinos to open a United States bank account through its RCBC Pulz mobile application. RCBC is launching the new feature in partnership with the global instant payments company, Meridian.
The service will become available to the public starting in October 2025. Users will be able to open a US bank account without the requirement of a US address, Social Security Number, or US residency.
In an announcement on its 65th anniversary, RCBC stated the Pulz app will display the US bank account alongside the user’s peso account and connect it to US payment systems such as ACH and Fedwire.
The company is targeting this initiative toward three main groups. Number one are families in the Philippines receiving money from relatives in the US.
Secondly are Filipino freelancers with American clients. Lastly are local employees of US-based companies.
The bank stated the service will provide a faster and more affordable alternative to traditional remittance methods that often involve long queues and high fees.
In an announcement, Lito Villanueva, RCBC’s Executive Vice President and Chief
Innovation and Inclusion Officer, described the service as providing financial freedom from delays, from fees, from old systems.
To illustrate the practical impact, he pointed to freelancers who will no longer lose 10 to 15% of hard-earned income to fees. Lito also highlighted the convenience for family members, who will no longer have to travel hours just to claim their remittance.
“For the first time, Filipinos can directly participate in the US financial,” Lito said
system, unlocking new opportunities for work, business, and family support, thanks to our strategic partnership with New York–based Meridian.
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