Terms of Use

2. Description of Service

The Platform provides financial services aggregation and disbursement routing services to You. We provide online self-services that allow You to view and manage your accounts provided by financial institutions and other services, including payment initiations, reconciliations, disbursements, the information provided in our Customer Service unit, and other services or features provided in the Platform (“Service”).

However, this Service is not and should not be construed or does not imply the provision of any professional service or advice relating to the legal, financial, or tax implications or any other related matters. This Service is designed to help You easily view your accounts, initiate and arrange payments, and reconcile transactions. Any professional advice or implication should be sought from Your personal advisors, and the Company or Platform shall not be held liable or responsible for the same.

Please note owing to constant business developments, the Company endeavors to improve, upgrade or revise the Services it provides. This is done to provide better and more efficient Services to You. Any such changes, upgrades or revisions shall be done at such times and such frequency as determined by the Company in its sole discretion. All such changes shall be updated on this Platform with which You are responsible for being familiar.

Overview of Brankas Direct

Brankas Direct is a fund transfer service that allows You to initiate fund transfers instantly and digitally through our web and mobile applications. Brankas Direct serves as a single point of integration for our Partners through which You can execute fund transfers via various banks with which Brankas is integrated. Brankas Direct allows You to transfer directly using your bank. Brankas Direct likewise does not impose any fees on Your transaction.

The transaction is processed directly from Your source bank account to the beneficiary bank account and at no point does Brankas hold funds. No extra transaction fees are charged for using our Service.

Before accessing Brankas Direct, You will directly interact with Brankas Tap, our front-end interface that allows You to log in with Your bank credentials with Your source bank account. We secure Your credentials through the enforcement of consent-driven authorization backed by strong customer authentication and authorization mechanisms, such as requesting Your OTP and TFA as a part of our flow. At no point are the security measures of your bank circumvented.

Service Fees Charged by Using Brankas Direct

Your use of Brankas Direct may come with the payment of a minimal service fee. Brankas does not set a price for the integration and use of Brankas Direct in our Client’s platform. The fees are negotiated with our Client, and the breakdown of the fees and the amount you will need to pay to the Client’s destination bank account are transparently disclosed before You complete the transaction with our Client.

	Basic	Enterprise
Transaction Fee	₱10 per transaction	According to the agreement with our Client
Guarantee	No minimum guarantee	According to the agreement with our Client