An 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
FEATURES | |
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Minimum Initial Deposit | P10,000 |
Required Minimum ADB | P10,000 |
Required Daily Balance to Earn Interest | P10,000 |
Interest Rate (per annum) | 0.05% Effectivity Date: August 1, 2020 |
Service Fee for Falling Below the Required Monthly 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 Effectivity Date: Dec. 1, 2017 |
Dormancy Fee Coverage - Accounts with no depositor -initiated financial transaction for one (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 | |
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Peso E.A.S.Y. Checkbook | Upon closure, all unused checks must 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. |
OTHER FEES AND CHARGES | |
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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 |
Bank Certification on Deposit Balances (for all kinds of Bank Certification) | 200.00 |
Bank Guarantee Against Deposit | 400.00 |
Inter-branch Deposit/Withdrawal/Encashment (for inter-regional transactions only) | |
P10,000 and below Above P10,000 | 50.00 100.00 |
LANDBANK Cards | LVDC (Debit Card) |
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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 |
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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 |
BASIC REQUIREMENTS | |
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Local | 1. Presentation of at least one (1) original valid photo-bearing ID, including Philippine Identification (PhilID) Card) Notes: • When necessary, Branches shall require secondary proof of identification (e.g., billing statement of utilities or major credit cards in the name of the customer). • Identifying documents shall be signed by the customer. • SSC of referred customer shall be signed by the endorsing officer/employee of the Bank or valued customer. • The BH/BOO/BSO[1] who shall approve the opening of the deposit account may, at his discretion, confirm the same with the referring officer/employee or valued depositor of the Bank. 2. Two (2) recent ID photos (to be attached to CISSC/LOCIS and SSC) 3. Students who are beneficiaries of remittances/fund transfers and are not yet of voting age may be allowed to present the original school ID duly signed by the Principal or head of the school and submit a clear photocopy of the same. 4. Whenever necessary, the Branch may accept other IDs, provided that it shall not be the sole means of identification. 5. In case the identification documents mentioned above or other identification documents acceptable to the Bank do not bear any photo of the customer or authorized signatory, or the photo-bearing ID or a photocopy thereof does not clearly show the face of the customer or authorized signatory, the Branch may utilize own technology to take the photo of the customer or authorized signatory 6. Birth certificate of the child in case of parents opening an account in behalf of their child Notes: • The Branch shall retain a photocopy of the same duly authenticated by the NAC • The parent(s) shall still be identified in accordance with the requirements |
Foreigner, all of the following: | 1. Passport 2. ACR/Diplomatic Identification Card issued by the DFA specifying status i.e., working, business, student or non-resident Note: Foreign national whose working permit is under process shall be required to submit Certificate of Employment. |
Court-appointed Fiduciary (Guardian, Administrator, Trustee or Receiver), all of the following: | 1. Original Copy of Court Order containing the Fiduciary’s appointment 2. Original Copy of Court Order authorizing the Fiduciary to open a deposit account with LANDBANK Note: The Branch shall retain a photocopy of the Court Order duly authenticated by the NAC. |
CONTACT UNITS | |
LANDBANK Branches Nationwide | |
Customer Care Center | • NCR-8-405-7000 • Toll free for non-NCR- 1800-10-405-7000 |
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