BancNet Definition
BancNet is an interbank network connecting the ATM networks of thirty-four banks in the Philippines. It is the second-largest interbank network in the Philippines in terms users and transactions, but is the largest interbank network in terms of member banks.
At present, BancNet has 4 million members with 4,000 ATMs (combined figure of BancNet and Megalink ATMs) open 24 hours a day.