Current Account with ATM Access

A non-interest bearing peso account wherein deposit transactions are made over-the-counter or via Cash Deposit Machine (CDM) during official banking hours/days.  Withdrawal transactions may be done either through the issuance of a check, or over-the-counter. ATM withdrawals may also be made at any BancNet  ATMs 24 hours a day, 7 days a week.  Cashless purchases may also be done through any Point-of-Sale (POS) terminal of partner merchants from department stores, supermarkets and accredited establishments bearing the Bancnet logo.

TARGET MARKET

Individuals

  • Existing depositors of good business standing
  • New depositors with referral from LANDBANK officers or from known and valued clients of the bank

FEATURES

Minimum Initial Deposit

P5,000

Required Minimum Monthly ADB

P5,000

Fee for Falling Below the Required Monthly ADB

P200/month

Closing Fee1

P200

Dormancy Fee2

P30.00/month

Effectivity Date: April 24, 2017

Maximum  ATM Withdrawal

P50,000/day

Point-of-Sale (POS) - Cashless Payment

P50,000/day

Documentation

Checkbook3 and ATM Card 4

1 If closed within 30 calendar days from opening date.
2 Accounts with no deposit/withdrawal transactions for one (1) year and falling below the required ADB.
3 Upon closure, all unused checks will be returned to the branch where the account is maintained.
4ATM Cards are issued to cardholders upon opening of account; however, ATM cards for joint accounts are issued three (3) days after account opening.

OTHER FEES AND CHARGES

ATM Card Replacement Fee

P50

Stop Payment Order (SPO) per check requested

P100

Returned Check

P2,000/check

Penalty Charge for RCOCI for every P40,000 amount of check or a fraction thereof

P200

Reprinting of Bank Statements*

  • Private - transactions beyond two (2) months
  • Government - transactions beyond one (1) year

*reckoned from date of request

P20/page

Bank Statement's Holding Fee
- requested bank statements not claimed/picked-up within one (1) month

P100

BASIC REQUIREMENTS
Single Proprietorship
  1. Certificate of Registration with the DTI
  2. City/Municipal Mayor’s Permit

CONTACT UNITS

  1. LANDBANK Branches Nationwide
  2. Customer Care Center
    • NCR-405-7000
    • Toll free for non-NCR- 1800-10-405-7000