More than 335,000 scholars of the Technical Education and Skills Development Authority (TESDA) nationwide will soon enjoy faster, safer, and more convenient access to their scholarship grants and training support funds through a strengthened partnership with LANDBANK.
The initiative, which advances the transparent and efficient delivery of public funds, was formalized through the signing of a Memorandum of Agreement (MOA) at the TESDA Central Office in Taguig City on 16 February 2026. The agreement was signed by LANDBANK President and CEO Lynette V. Ortiz and TESDA Secretary Kiko Benitez, with LANDBANK Executive Vice President Marilou L. Villafranca and TESDA Deputy Director General Rosanna A. Urdaneta as witnesses.
“Through this facility, we are strengthening our capability to provide our scholars and beneficiaries with an even more convenient, secure, and efficient way of receiving grants, allowances, and training support funds. This agreement between TESDA and LANDBANK is a proof that when government agencies work together, we can overcome so many challenges and create lasting, meaningful impact for our beneficiaries,” said Secretary Benitez.
Under the agreement, TESDA will institutionalize the use of LANDBANK’s ATM Payroll Facility to digitally and directly credit scholarship allowances and training support funds to beneficiaries—strengthening accountability while ensuring timely, secure, and nationwide disbursement of public funds.
“Through this partnership, we are modernizing the payout of scholarship grants and training support funds. TESDA scholars will now receive their allowances directly in their own accounts, ensuring fast, transparent, and reliable access to financial assistance,” said LANDBANK President and CEO Ortiz.
For scholars across the country, the initiative means funds are credited straight to their accounts—reducing delays, minimizing cash-handling risks, and eliminating the need for repeated follow-ups. This also ensures that government support reaches intended beneficiaries efficiently, securely, and transparently.
Streamlined and secure disbursements
TESDA will process scholarship payouts through auto-credit via LANDBANK’s weAccess facility, funded through its designated Payroll Fund or Modified Disbursement System (MDS) Account. The arrangement covers TESDA’s Central Office and all Regional, Provincial, and District Offices nationwide.
Designed for unbanked and underserved individuals, beneficiaries may open a LANDBANK PISO Account which requires only a ₱1 initial deposit, has no maintaining balance, and allows a maximum balance or monthly credit limit of ₱50,000. Each account comes with a free proprietary ATM card.
Alternatively, eligible beneficiaries aged 18 and above may opt for the LANDBANK PISO Plus Account, which requires no initial deposit and includes a Virtual Visa Debit Card. Accounts can be opened digitally through the LANDBANK Mobile Banking App (MBA) using one (1) valid ID or a TESDA-issued endorsement letter.
Opening doors to financial inclusion
Beyond improving payout efficiency, the partnership introduces TESDA scholars to formal banking services, allowing them to securely save, withdraw, transfer funds, and make digital payments as they pursue technical and vocational education.
As TESDA continues to equip Filipinos with industry-relevant skills, this strengthened collaboration ensures that LANDBANK’s financial support keeps pace with learners’ needs—helping them focus on completing their training and preparing for productive employment.
ABOUT LANDBANK
LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
