Bank branches in Initao
55 bank offices from 2 banks, as listed on the BSP bank and ATM list of 18 September 2026. Landbank come first; every bank shows its offices, how many have an ATM on site and its off-site ATMs.
Pawnshops and remittance centers
54 pawnshop offices and 1 money service business office, as listed on the BSP pawnshop and money service business lists as of 30 September 2025. Every brand shows its offices, how many are registered for remittance and how many as money changer.
Cebuana Lhuillier in Initao
11 office: 1 registered as pawnshop, 1 for remittance, 1 as money changer or foreign exchange dealer.
Palawan Pawnshop and Palawan Express in Initao
11 office: 1 registered as pawnshop, 1 for remittance, 1 as money changer or foreign exchange dealer.
Other banks
2BSP list: Updated 18 September 2026
Off-site ATMs
2BSP list: Updated 18 September 2026
Other pawnshops
2BSP list: As of 30 September 2025
Remittance offices
1BSP list: As of 30 September 2025
Against the rest of Misamis Oriental
Per person, Initao has more bank offices than the median Misamis Oriental town: 1.5 against 1.2 per 10,000 people.
1.5 per 10,000 = 5 BSP-listed bank offices ÷ 33,902 people (PSA 2020 Census) × 10,000; the Misamis Oriental median is 1.2 across the 22 towns with a census count. Moved to Initao? See how to transfer your BIR RDO.
Before you pawn or send money
These rules apply to the 4 pawnshop offices and the 1 money service business office here, 5 of them registered for remittance.
- Pawnshops
- Pawn only at a pawnshop on the BSP list: the law requires registration before it makes its first loan (Presidential Decree No. 114, Sec. 6). Keep the signed pawn ticket. The pawnshop must give you one for every loan (Presidential Decree No. 114, Sec. 12). Missed the due date? You still have 90 days from maturity to redeem the item by paying the principal and interest (Presidential Decree No. 114, Sec. 13). You must be notified before an unredeemed item is sold, and it can only be sold at a public auction (Presidential Decree No. 114, Secs. 14 and 15).
- Remittance companies and money changers
- Send or claim money only at a BSP-registered remittance company or money changer. Each registered head office holds a BSP Certificate of Registration and a metal plate with its registration number (BSP Circular No. 1206, Series of 2024, Sec. 102-M). At a sub-agent counter, look for the posted sign naming the remittance company it represents (BSP Circular No. 1206, Series of 2024, Sec. 104-M).
Check a pawnshop or remittance office
Result for Initao
5 pawnshop and remittance companies have offices in Initao on the BSP pawnshop and money service business lists as of 30 September 2025. No office in Initao is on the BSP delisted lists, 1 January 2019 to 30 September 2025.
Next: if the name you typed is not on the list, search it in the BSP Verifier; if it shows as delisted, do not pawn or send money there and report it through the BSP consumer assistance channels.
