Landbank and Philippine Sports Commission Sign Agreement for Minor Athletes' Bank Accounts

Landbank and the Philippine Sports Commission have established a partnership that permits athletes under 18 years old to open and manage their own Visa Debit Card accounts. The agreement was formalized through a Memorandum of Agreement signed on May 11, 2026.

Landbank President and CEO Lynette V. Ortiz and PSC Chair John Patrick C. Gregorio led the signing, joined by Landbank Executive Vice President Marilou L. Villafranca, First Vice President Nardo M. Masa, Department Manager Elmae S. Dy, and PSC Commissioners Edward L.

Hayco and Matthew P. Gaston.

Young athletes may open accounts at any Landbank branch nationwide by presenting a valid ID and a certification from the PSC. A parent or guardian must sign additional terms and conditions for the Visa Debit Card. Once approved, athletes receive a card for local and international transactions.

Athletes under the PSC roster can receive allowances and incentives directly into their accounts. The arrangement includes parent or guardian authorization as a safeguard for minors. Ortiz said the bank will provide a secure and widely accepted debit account suitable for both local and international use.

Gregorio said the collaboration aims to support youth and community well-being through partnerships with government agencies and corporate partners. Landbank also plans to support digitalization of PSC operations and address the commission's infrastructure financing requirements.