A non-interest bearing peso account wherein deposit transactions are made over-the-counter or via Cash Deposit Machine (CDM). Withdrawal transactions may be done either through the issuance of a check, or over-the-counter. ATM withdrawals may also be made at any LANDBANK and other ATMs with Bancnet and Visa* logo. Cashless purchases may also be done via online* and through any Point-of-Sale (POS) terminal of partner Merchants from department stores, supermarket and accredited establishments bearing the Bancnet and Visa logo. *applicable to LANDBANK Visa Debit Card only
TARGET MARKET
Individuals
| FEATURES | |
|---|---|
| Minimum Initial Deposit | P5,000 |
| Required Minimum ADB | P5,000 |
| Service Fee for Account Falling Below the Required Monthly Average Daily Balance (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 |
| Closing Fee Closing of account within 30 days from opening date | P300.00 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 on the 5th year reckoned from the date of last financial transaction. | P30.00/month Effectivity Date: April 24, 2017 |
| PDIC Insurance | P500,000 (Maximum deposit insurance per depositor) |
| Maximum ATM Withdrawal | P50,000/day Effectivity date: July 4, 2019 |
| Point-of-Sale (POS) - Cashless Payment | P50,000/day |
| DOCUMENTATION | |
|---|---|
| Checkbook | Upon closure, all unused checks will be returned to the branch where the account is maintained. |
| Applicable LANDBANK Card | LANDBANK Cards are issued to cardholders upon opening of the account; however, cards for joint accounts are issued three (3) days after account opening. |
| Type of Checkbook | Fee |
|---|---|
| Personal Checkbook (Booklet of 50 pcs.) | P300.00 |
| Commercial Checkbook (Booklet of 100 pcs.) | P600.00 |
| MDS Checkbook (Booklet of 100 pcs.) | P800.00 |
| Continuous Form Check / Other Customized Checks | To be based on the approved arrangements and design per Memorandum of Agreement |
| 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 | P10.00 |
| Interbank ATM Balance Inquiry | P1.00 |
| ATM Fund Transfer LANDBANK to LANDBANK (Intrabank) | P10.00 |
| LANDBANK to Other Bank (Interbank) | P25.00 |
| Online Interbank Fund Transfer | P25.00 |
| ATM International Cash Withdrawal | P150.00 |
| ATM International Balance Inquiry | P50.00 |
| ATM Bills Payment | Free |
| Card Replacement Fee | P150.00 |
| PIN Reprinting/Replacement* | P50.00 |
| Bank Certification on Deposit Balances (for all kinds of Bank Certification) | P200.00 |
| Bank Guarantee Against Deposit | P400.00 |
| BASIC REQUIREMENTS | |
|---|---|
| Single Proprietorship | Certificate of Registration with the DTI City/Municipal Mayor’s Permit |
| CONTACT UNITS | |
|---|---|
| LANDBANK Branches Nationwide | |
| Customer Care Center | • NCR-8-405-7000 • Toll free for non-NCR- 1800-10-405-7000 |
As of Fri, September 22, 2023
| Buying | Selling | |
|---|---|---|
| JPY | 0.377805 | 0.392447 |
| EUR | 59.436169 | 61.733349 |
| GBP | 68.545883 | 71.195148 |
| HKD | 7.207048 | 7.743739 |
| USD | 56.55 | 57.05 |
As of Thu, September 21, 2023
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.455594 |
| Money Market Fund | 1.22596 |
| Money Market Plus Fund | 1.142751 |
| PERA Money Market Fund | 0.999391 |
| Medium-Term Bond Fund | 2.295601 |
| Bond Fund | 1.884021 |
| PERA Bond Fund | 1.084232 |
| Balanced Fund | 2.354263 |
| Growth Fund | 2.387491 |
| Alpha Equity Fund | 3.049601 |
| Blue Chip Equity Fund | 0.96294 |
| Equity Fund | 0.791198 |
| High Dividend Equity Fund | 0.866496 |
| US$ Money Market Fund | 1.359122 |
| Global $ Fund | 1.406537 |
I want to know more
Customer Care Hotline
(+632) 8-405-7000
PLDT Domestic Toll Free
1-800-10-405-7000
Email Address
customercare@mail.landbank.com
