In line with providing accessible and convenient digital services, the Land Bank of the Philippines (LANDBANK) has doubled the daily aggregate amount limit of fund transfers via InstaPay from P50,000.00 to P100,000.00, effective 14 July 2023.
LANDBANK clients can transfer up to P50,000.00 per transaction via Instapay, and now as much as P100,000.00 in total per day.
The state-run Bank recently reduced its transaction rate for fund transfer via InstaPay from P25 to P15 starting from 15 June 2023.
“We continue to extend the limits of our digital banking solutions to meet the growing needs of our diverse client base. LANDBANK is driven to promote greater digital adoption to help accelerate financial inclusion in the country and build a cashless society,” said LANDBANK President and CEO Lynette V. Ortiz.
The Bank also removed the daily transaction limit for both fund transfer and bills payment, allowing customers to perform an unlimited number of transactions per day.
The previous daily aggregate amount limit of P50,000.00 for bills payment facilitated through the LANDBANK iAccess has likewise been removed.
LANDBANK is currently working on providing depositors the ability to set their own fund transfer and bills payment limits for added flexibility and convenience.
Meanwhile, inter-bank fund transfers using LANDBANK and Overseas Filipino Bank (OFBank) accounts remain free of charge.
The new fund transfer and bills payment policies apply to transactions facilitated via LANDBANK’s retail digital banking channels, the LANDBANK Mobile Banking App (MBA) and iAccess.
For the first five months of 2023, the two digital platforms have facilitated a combined 66.7 million transactions with value of P123.4 billion
LANDBANK unveils upgraded Optisaver Plus with free insurance
LANDBANK is raising the bar for savings accounts with the launch of OptiSaver Plus — an upgraded version of its high-interest OptiSaver account—designed to help Filipinos grow their funds while enjoying free insurance coverage for greater financial security. With tiered interest rates of up to 4% per annum, the LANDBANK OptiSaver Plus account provides depositors with free insurance coverage based on their Average Daily Balance (ADB). Optisaver Plus account holders receive life insurance coverage which scales with account balance tiers, rewarding higher savings with greater financial protection. Meanwhile, personal accident insurance offers additional coverage against accidents resulting in injury or loss, ensuring a safety net for depositors and their families. Maintaining a minimum ADB of ₱50,000 qualifies depositors for either free life insurance or free personal accident insurance, while those in the highest balance tier of ₱20 million and above receive both coverages. “With the LANDBANK OptiSaver Plus, we are empowering our clients to achieve financial growth while securing their future. By combining the benefits of higher savings potential and built-in financial protection, we are ensuring their hard-earned money works even harder for them as they build wealth with confidence,” said LANDBANK President and CEO Lynette V. Ortiz. As a savings account, the LANDBANK OptiSaver Plus offers flexibility with no tenor, and allows account holders to unlimited deposits and withdrawals with seamless access through LANDBANK's digital banking channels for cardless LANDBANK Visa Debit Card transactions and at all LANDBANK Branches for passbook over-the-counter transactions. Interested clients can open an OptiSaver Plus account at any LANDBANK branch and receive a passbook for account monitoring. Meanwhile, existing OptiSaver account holders who wish to avail of the free insurance coverage may visit their LANDBANK branch of account to complete the necessary forms. Account holders will also receive the forms via email from their branch of account. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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Batanes goes cash-lite powered by LANDBANK, provincial gov’t
Business owners and vendors in Batanes now accept payments through a Quick Response (QR) code following the launch of LANDBANK’s Cash-Lite Batanes initiative, designed to transform the province into a digital payment hub. BASCO, Batanes – LANDBANK, in partnership with the Provincial Government of Batanes, is leading this Province’s shift towards a cash-lite economy by expanding access to innovative digital payment solutions. This initiative reinforces the Bank’s commitment to financial inclusion, ensuring residents, businesses, and local government units (LGUs) benefit from seamless and secure cashless transactions. Through the Cash-Lite Batanes initiative, Ivatans and tourists can now enjoy safe, efficient, and hassle-free transactions across the province using LANDBANK’s mobile and electronic payment services, while reducing reliance on physical cash. Currently, 1,665 business establishments and over 4,900 Ivatans—including tricycle drivers, social protection program beneficiaries, students, and households—are potential candidates for onboarding under this initiative. The Bank aims to equip them with their own LANDBANK accounts by year-end, ensuring broader financial access and inclusion. “The Cash-Lite Batanes initiative advances our efforts to bring financial services closer to underserved communities. Despite geographical challenges and infrastructure constraints, this initiative proves that digital transformation is possible with strong local government support and proactive community engagement, making modern banking accessible even in remote areas,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK President and CEO Lynette V. Ortiz (7th from right) and Director Virginia N. Orogo (9th from right), alongside Batanes Vice Governor Ignacio C. Villa (5th from right), Provincial Administrator Justine Jerico H. Socito (3nd from right), and Provincial Human Resource Officer Annamarie A. Rosas (4th from right), lead the launch of the Cash-Lite Batanes initiative on 08 March 2025. LANDBANK President and CEO Ortiz and Director Virginia N. Orogo, together with Batanes Vice Governor Ignacio C. Villa, Provincial Administrator Justine Jerico H. Socito, and Provincial Human Resource Officer Annamarie A. Rosas, led the launch of the Cash-Lite Batanes initiative on 08 March 2025, coinciding with the Provincial Government’s International Women's Day celebration. They were joined by Basco Mayor German Caccam, Ivana Mayor Celso B. Batallones, Uyugan Mayor Jonathan Enrique V. Nanud Jr., Sabtang Mayor Prescila A. Babalo, LANDBANK Executive Vice Presidents Liduvino S. Geron, Ma. Celeste A. Burgos, and Leila C. Martin, Senior Vice President Catherine Rowena B. Villanueva, Chief of Staff and First Vice President Atty. Nikkolas G. Tolentino, First Vice President Eden B. Japitana, and Vice President Liza J. Melendez. As the first bank to establish its presence in Batanes, LANDBANK is actively onboarding merchants, business establishments, and cardholders onto digital channels, enabling local enterprises—from small vendors to large retailers—to accept QR payments. This enhances business efficiency and elevates customer experience, positioning Batanes as a leader in digital adoption for remote communities. The Provincial Government of Batanes has played a key role in driving the success of LANDBANK’s Cash-Lite Batanes initiative. To accelerate the shift to digital payments, the local government has introduced ordinances aligned with the Paleng-QR Ph Program of the Bangko Sentral ng Pilipinas (BSP), mandating the adoption of QR PH digital payments among businesses and transport providers. In collaboration with local units and agencies, the Provincial Government is also enhancing infrastructure to support the transition towards a cash-lite community. A key initiative includes the deployment of 72 new Wi-Fi modems—sponsored by the Department of Information and Communications Technology (DICT)—to local government units to address Internet connectivity concerns. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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Bulacan co-op empowers communities with LANDBANK
“A vision of service from womb to tomb.” For the Ligas Kooperatiba ng Bayan sa Pagpapaunlad (LKBP), this is not just a mantra—it is a continuing promise realized for over 18,300 members and counting. Founded in 1986 with a modest capital of only P15,800 pooled from its 30 founding members, LKBP dared to challenge the cycle of debt, driven by high-interest informal loans, offering an alternative financial solution to the community. Fast forward 39 years and LKBP now boasts of P2.8 billion in assets and P367 million in share capital, becoming a cornerstone of financial empowerment in Bulacan and beyond. “Being a billionaire cooperative is not just about what LKBP is worth. It also means that we have a greater responsibility to ensure all our 18,300 members are financially equipped and included, so they can improve their lives,” said LKBP Finance Manager Ms. Marilette A. Avendaño. A Cooperative for the Community Staying true to its commitment, LKBP has evolved beyond a financial institution—as an accessible lifeline for its members and the community. It has established various essential services that directly benefit members at every stage of life, from education and healthcare to livelihood opportunities, and memorial care through a dedicated area at the Manila Memorial Park for its deceased members. “Initially, our clinic was meant exclusively for our members, but we soon realized that the broader community also needed medical support. So, we opened our doors to non-members at affordable rates. Cooperatives should not only serve their members but should also uplift as many lives as possible in the community,” Avendaño added. The cooperative has also played a significant role in generating employment. Through its diverse ventures—including a garments manufacturing business in partnership with the Department of Trade and Industry (DTI), a fuel refilling station, and a hardware enterprise—the cooperative provides stable jobs to individuals, including those who lack formal education. Employees are not only given fair wages and benefits but are also treated with dignity and respect, embodying LKBP’s belief in shared prosperity. Powered by LANDBANK Determined to expand its operations and impact to the community, LKBP partnered with LANDBANK in 2000, beginning with deposit accounts and later growing into credit facilities to support LKBP’s own lending activities. This collaboration provided the cooperative with the financial muscle to meet the increasing demands of its members, including those engaged in poultry farming in the Baliwag and Pampanga areas. “We started with a modest credit line with LANDBANK, which now stands at P1 billion. It’s a good problem to have because we know that anytime we need funds, we can rely on LANDBANK to support us,” Avendaño shared. LANDBANK’s alignment with LKBP’s mission of financial inclusion has been instrumental in scaling the cooperative’s initiatives. With access to tailored financial solutions, LKBP has not only expanded its reach but has also improved its services for grassroots members. “LANDBANK shares LKBP’s commitment to grassroots development. They have always provided financial solutions that cater to small-scale entrepreneurs and cooperatives, ensuring that even the most underserved members of the community have access to credit and banking services,” Avendaño said. Inspiring other Cooperatives As one of the most successful cooperatives in Region 3, LKBP’s has become a benchmark for other aspiring cooperatives. Through knowledge-sharing initiatives such as learning field trips, LKBP trains other cooperatives on strategies and best practices for sustainable growth and community impact. In recognition of its outstanding contributions to cooperative excellence and service to the community, LKBP was recently awarded as the Outstanding Non-Agri-Based Cooperative in the Large Category under the Gawad sa Pinakatanging Kooperatiba (Gawad PITAK) during LANDBANK’s MERIT Awards. “It is heartwarming to know that other emerging cooperatives look up to us. It assures us that our work is visible and impactful, and we are more than willing to share our knowledge with others,” Avendaño added. From its humble beginnings to becoming a billion-peso cooperative, LKBP has demonstrated that financial growth and social responsibility are not mutually exclusive, but can go hand in hand. With strong support from LANDBANK, LKBP continues to redefine the standard for cooperative excellence in the Philippines by empowering individuals and uplifting communities. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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