EastWest, in partnership with Visa, has introduced the BizAccess Visa Debit, a new banking solution designed to help small and medium enterprises (SMEs) manage their finances more efficiently.
The BizAccess package includes a checking account, digital banking tools, and a Visa debit card that lets entrepreneurs separate business and personal funds, track transactions in real time, and manage operations with ease.
Through the BizAccess Visa Debit Card, business owners can handle day-to-day transactions such as purchases and supplier payments. They can also issue up to ten cards to employees for expense management. The card offers travel accident insurance, transaction notifications, and access to exclusive Visa promos and rewards. A welcome offer and waived over-the-counter fees for deposits and withdrawals are also available.
Each card is linked to a BizAccess Checking Account with a minimum maintaining balance of ₱25,000. Account holders can manage their finances through EasyBiz Online Business Banking, which enables users to monitor balances, pay suppliers and bills, process government payments via eGov, and control card security features like lock and unlock options.
At the launch, EastWest and Visa recognized several SME clients that represent Filipino entrepreneurship, including Aficionado, Bosch Car Service, Colombo Merchant Philippines, Kenzo and Kloe’s Nature Farm, and Nacho King.
“SMEs are the backbone of the Philippine economy, and we’re proud to give them the tools they need to thrive,” said Jerry Ngo, EastWest chief executive officer. “BizAccess goes beyond being a debit card. It’s a business partner that helps entrepreneurs manage finances easily, securely, and confidently.”
“Visa is delighted to partner with EastWest in empowering Filipino entrepreneurs,” added Sid Bada, head of clients, Visa Philippines. “With BizAccess, SMEs gain access to trusted and convenient payment solutions that simplify how they operate.”
SME owners can now apply for the EastWest BizAccess Visa Debit Card at any EastWest Store nationwide. Accounts can be opened and managed online through EasyBiz, with step-by-step guides available for activation and setup.
