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Regular Current Account


A non-interest bearing peso account, also known as Checking or Demand Deposit Account wherein deposits are made over-the-counter, while withdrawals are made through the issuance of a check.

TARGET MARKET

INDIVIDUALS

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

INSTITUTIONAL

  • Government Line Agencies, Government-Owned and -Controlled Corporations (GOCCs), and Local Government Units (LGUs)
  • Reputable private corporations, cooperatives, partnerships and associations
FEATURES INDIVIDUAL INSTITUTIONAL
Minimum Initial Deposit ₱5,000 ₱10,000
Required Minimum ADB ₱5,000 ₱10,000
Service charge below minimum Average Daily Balance 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 ₱200 ₱200
Closing Fee FEE IF CLOSED WITHIN 30 CALENDAR DAYS FROM DATE OF OPENING ₱300 Effectivity Date: Dec. 1, 2017 ₱300 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. ₱30.00/month Effectivity Date: April 24, 2017 ₱30.00/month Effectivity Date: April 24, 2017
Documentation ₱500,000 (Maximum deposit insurance per depositor)

Type of Checkbook ​Fees
Personal Checkbook (Booklet of 50 pcs.) ₱350.00 Effectivity Date: 06 March 2023
Commercial Checkbook (Booklet of 100 pcs.) ₱600.00
MDS Checkbook (Booklet of 100 pcs.) ₱800.00
Continuous Form Check / Other Customized Checks To be based on the approved arrangements and design per Memorandum of Agreement

OTHER TRANSACTION FEE
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

BASIC REQUIREMENT
Individuals 1. At least two (2) valid IDs such as: • Philippine Identification (PhilID) Card • New SSS/GSIS ID • Driver's License • Company ID • School ID • Passport • PRC ID • Postal ID • Marriage contract (original copy) • Credit Card of a Reputable Company • License to Carry Firearms 2. Two (2) copies of most recent 1 x 1 ID Picture 3. Tax Identification Number
Single Proprietorship • Registration of Business Name with the Department of Trade • Original Application for Registration • Two (2) valid identification cards of signatory
Partnership • Articles of Partnership • Certificate of Registration with the Securities and Exchange Commission • Agreement on the extent of authority of each partner • Two (2) valid identification cards of signatories
Corporation • Articles of Incorporation • Certificate of Registration with the Securities and Exchange Commission • Corporate By-Laws • Board Resolution duly notarized incorporating the following: ○ Authority to open a bank account with LANDBANK ○ List of officers authorized to sign and the nature and extent of such authority ○ Notarized List of Officers, Board of Directors, Stockholders ○ Two (2) valid identification cards of signatorie
Association or Organization • Constitution • Association Agreement
Corporation in the Process of Incorporation • Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust acknowledged to open an account with the Bank on behalf of the Corporation • Duly notarized Secretary's Certificate • Duly notarized Treasurer's Affidavit
Government Entities • Charter and/or Law creating the government corporation/agency/office • Executive Order or Department Order creating the government agency • Board Resolution duly notarized incorporating the following: ○ Authority to open a bank account with LANDBANK ○ Officers authorized to sign and the nature and extent of such authority
Cooperatives 1. Certificate of Registration with the Cooperative Development Authority 2. Articles of Cooperation and By-Laws • Authority to open a bank account with LANDBANK • Designated Officers authorized to sign and the nature and extent of such authority 3. Duly notarized Board resolution incorporating the following: • Authority to open bank account with LANDBANK • Designated Officers authorized to sign and the nature and extent of such authority

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Customer Care Hotline
(+632) 8-405-7000

PLDT Domestic Toll Free
1-800-10-405-7000

Email Address
customercare@mail.landbank.com

Where to find us?

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