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

Service Charge for Falling Below Minimum ADB

  • Coverage  -  Accounts falling below ADB requirement for  two (2) consecutive month-end and every month-end thereafter
  • Collection  -  Monthly to start at the end of the 2nd month

P200/month

Closing Fee

  • Closing of Account within one month from opening date 

P300

Effectivity Date: Dec. 1, 2017

Dormancy Fee

  • Coverage  -  Accounts with no depositor -initiated financial transaction for 1 year and falling below the required ADB
  • Collection - Monthly to start at the 5th year from the date of last financial transaction.

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

OTHER FEES AND CHARGES

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/day

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

 

      LANDBANK Cards

LVDC

(Debit Card)

Interbank ATM Withdrawal

10.00

Interbank ATM Balance Inquiry

1.00

ATM Fund Transfer

   LANDBANK to LANDBANK  (Intrabank)

10.00

   LANDBANK to Other Bank   (Interbank)

25.00

Online Interbank Fund Transfer

25.00

ATM International Cash Withdrawal

150.00

ATM International Balance Inquiry

50.00

ATM Bills Payment

Free

Card Replacement Fee

150.00

PIN Reprinting/Replacement*

50.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Type of Checkbook

Fee

Personal Checkbook (Booklet of 50 pcs.)

190.00

Commercial Checkbook (Booklet of 100 pcs.)

350.00

MDS Checkbook (Booklet of 100 pcs.)

600.00

Continuous Form Check /

Other Customized Checks

Depends on MOA arrangements and design agreements

Bank Certification on Deposit Balances

(for all kinds of Bank Certification)

 200.00

Bank Guarantee Against Deposit

400.00

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