 It was one of the many banks formed during the 1990s, when the administration of Fidel V. Ramos and Bangko Sentral ng Pilipinas governor Gabriel Singson encouraged the formation of more banks, a policy since reversed today.On September 22, 2003, iBank joined MegaLink and unveiled its iDeal ATM card.At the time of its launch, the iDeal card was revolutionary in the sense that it was the first ATM card to come with value-added benefits, such as shopping discounts.