MECHANICS

1. LANDBANK IpoNalo Promo is open to all new and existing private individual and institutional LANDBANK deposit account holders.

2. Accountholders qualified for the LANDBANK IpoNalo Promo shall earn one (1) e-raffle ticket for every increment of PhP100,000 YTD-ADB for Private Individual Depositors and Php1,000,000 for Private Institutions/Corporates.

3. Qualified Accountholders will be notified by the LANDBANK Corporate Affairs Group (CAG), the number of their earned e-raffle ticket via SMS or email addresses.

4. E-raffle tickets are non-transferable.

5. Accountholders who are qualified for the LANDBANK IpoNalo Promo will have a chance to win any of the following prizes:

6. The promo will run from July 3, 2024 to January 31, 2025, and the e-raffle draw shall be on February 14, 2025.

7. The e-raffle draw shall be held at the LANDBANK Plaza in Malate, Manila in the presence of the Department of Trade and Industry (DTI) and LANDBANK Representatives.

8. The winning e-raffle tickets shall be drawn using the LANDBANK IpoNalo Raffle System.

9. Gadget prizes are non-transferrable and not convertible to cash.

10. Major cash prizes shall be credited to the accounts of the winners.

11. Withholding tax on cash prizes shall be paid by the bank.

12. Winners shall be notified by the LANDBANK Corporate Affairs Group (CAG) via registered mail, email and
mobile number and will also be published on LANDBANK’s official Facebook Page.

13. Names of winners shall be posted on the LANDBANK website and other official social media pages
(e.g. Facebook, Instagram, Twitter, Viber, etc.)

14. To claim the prize, winner must present the following to the branch of account:
a) one (1) photo-bearing government issued ID
b) Copy of notification letter sent by Corporate Affairs Group

15. The winner shall personally sign the Acknowledgement Receipt at the branch where the winning deposit account is maintained.
a) For Sole Proprietorship, the receipt of the prize shall be to the proprietor/owner of the winning deposit account.
b) For joint “and” accounts, all depositors must be present to sign the Acknowledgement Receipt. If a co-depositor is not available, a Special Power of Attorney (SPA) must be executed in favor of the other depositor to sign the Acknowledgement Receipt. In case of “or” account, any one of the depositors may sign in the Acknowledgement Receipt, provided the other depositor was properly informed by the depository branch.
c) For Institutional depositors, authorized signatories may sign in the Acknowledgement Receipt.

16. If the winner is unavailable/unable to claim the prize personally, an original copy of a notarized Special Power-of-Attorney (SPA) must be presented authorizing a representative to claim the prize on their behalf.

17. The deposit account of the winner must be active and not closed during the promo period until the cash prize is credited to their account.
18. All other expenses in claiming the prizes shall be paid by the winners-depositors.
19. Redemption of prizes is until 60 days upon receipt of notification.
20. Prizes not claimed until December 31, 2025, shall be forfeited in favor of the Bank with prior approval of DTI.

Other Conditions

21. Winners should agree to be featured on the LANDBANK website and other official social media pages (e.g. Facebook, Instagram, Twitter, Viber, etc.).

22. That by participating on this LANDBANK IpoNalo Promo, the accountholder winner/s hereby agrees to authorize LANDBANK to use and disclose their personal information, including but not limited to their name and branch of account for whatever marketing purposes relative to this promo. Furthermore, agree to waive any claims to royalties, rights, or remuneration for such use on LANDBANK Website, social media pages, and press releases.

23. The prize of an accountholder whose account was closed, for whatever reason, as of the date of raffle prize crediting, is automatically forfeited.

24. All disputes related to the promotion will only be accepted within sixty (60) banking days after the end of the Promo Period.

25. In case of any dispute, the decision of the LANDBANK with the concurrence of DTI shall be final with respect to the Promo, including eligibility, e-raffle ticket entitlement and prize crediting.

26. LANDBANK reserves the right to refuse to award the prize if the documents submitted are incomplete, insufficient, and inadequate or when the Bank has any reason to believe that any of the documents submitted is spurious or forged.

27. The Bank, in concurrence of DTI, reserves the right to discontinue, or cancel the promo at any time.

28. All employees of LANDBANK including its Board of Directors are disqualified from winning in the promotion.

Click here to download the PDF version of the mechanics.

Per DTI Fair Trade Permit No. FTEB – 196786, Series of 2024.
Deposits are insured by PDIC up to P500,000 per depositor.
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