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Get to know Wealth Bank

Wealth Development Bank Corporation, or Wealth Bank, was a prominent development bank in the Philippines, established in 2002. It was a joint venture between the Vicsal Development Corporation and GT Capital Holdings, Inc. The bank focused on providing consumer and SME loans, with a significant portfolio in auto loans and other financing products for individuals and businesses. In 2018, an agreement was made for its merger with RCBC Savings Bank, the consumer banking arm of Rizal Commercial Banking Corporation (RCBC). The merger was approved by the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) and was completed in 2019, with the combined entity now operating under the RCBC brand.

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Wealth Bank

Philippines

Founded in

1967 (59 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.