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Balik Bayad and More Raffle Promo


October 1, 2024

To qualify for the raffle draw:
1.    Open to all LANDBANK Visa Debit Cardholders enrolled in iAccess
2.    Pay your bills using iAccess or Mobile Banking App (MBA) within the promo period.

Eligibility Criteria:  Participants must be existing LANDBANK Visa Debit Cardholders enrolled in the iAccess/MBA and must pay their bills using the iAccess and MBA within the promo period.

Promo Period: October 1 to December 31, 2024

Raffle Prize: Three (3) monthly raffle draws with ten (10) winners, one (1) third prize winner, one (1) second prize winner, and one (1) grand winner with the following details:

Eligible Accounts: All enrolled iAccess/MBA accounts (Savings, Checking, and Current Accounts) 

Schedule of Raffle Draw:


Venue: 10th floor, LANDBANK Plaza, Malate, Manila

Prize Redemption: 

  • There will be ten (10) winners in the monthly draw who will receive a minimum of P2,000.00 and a maximum of P10,000.00 cashback prize, based on the amount of bill paid.
  • There will be three (3) winners in the grand draw (regardless of the amount of bill).
    • Grand winner (P30,000.00*)
    • 2nd prize winner (P20,000.00*)
    • 3rd prize winner (P10,000.00)
  • Cashback prizes will be credited to the respective LANDBANK accounts of the winners within 2-3 banking days after the raffle draw. 
  • Winners will be informed through email/SMS.
    *Subject to the 20% tax to be shouldered by LANDBANK

Control Measures:

 

  • LANDBANK Internal Audit and DTI representatives will be invited to check, test & validate the computer system, and witness the following activities:
    • Loading of raffle entries in the electronic raffle program;
    • Generation of raffle winners
  • Each bill payment transaction earns one raffle entry with the Transaction Reference Number acting as the raffle ticket.
  • A copy of the winners shall be signed by the DTI representative, along with a copy of the list of winners.
  • Winners will be informed via email or SMS.

Other Terms:  

  • The deposit account of the winner must be active and not closed during the promo period until the cash prize is credited to their winning source account.
  • Participants can win only once per draw within the promo period. All raffle tickets will only be qualified for their respective monthly and grand raffle draws, e.g. bills payment made in October 2024 will only be qualified for the November 2024 monthly raffle and the January 2025 grand raffle draw and excluded in the December 2024 and January 2025 monthly draws.
  • Each valid bill payment made before the monthly cut-off on the last day of each month is automatically entered and will form part of the pool of entries for next month’s draw.
  • Members of the promotional campaign committee are not eligible to participate.
  • Employees of LANDBANK including relatives up to 2nd degree of consanguinity or affinity are disqualified to join. 
  • The following data will be collected for the raffle entries: (1) transaction reference numbers; and (2) account names. The qualified entries for the period shall be generated and extracted from the LANDBANK system for the covered period. This will be loaded in the LANDBANK e-Raffle System.
  • LANDBANK reserves the right to pick out another winner in case any winner is subsequently found to be ineligible or disqualified to participate in the promotion with prior approval of DTI. 


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