Experience Effortless Banking

FIND US

Peso E.A.S.Y. (Earning Access & Sure Yield) Check


An interest-bearing peso checking account (IBCA) 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

  • Reputable private corporations, cooperatives, partnerships and association
FEATURES INDIVIDUAL INSTITUTIONAL
Minimum Initial Deposit P10,000 P20,000
Required Minimum Monthly ADB P10,000 P20,000
Required Daily Balance to Earn Interest P10,000 P20,000
Interest Rate (per annum) 0.10% Effectivity Date: August 7, 2017 0.10% Effectivity Date: August 7, 2017
Closing Fee Closing of account within one month from opening date P30.00/month Effectivity Date: Dec. 1, 2017 P30.00/month Effectivity Date: Dec. 1, 2017
Service Charge for Account Falling Below the Required Monthly Average Daily Balance (ADB) Coverage - Accounts failing 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/month P200/month
Dormant Account Coverage - Accounts with no depositor-initiated transaction for two (2) years and failing 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 P30.00/month Effectivity Date: April 24, 2017
PDIC Insurance P500,000 (Maximum deposit insurance per depositor) P500,000 (Maximum deposit insurance per depositor)

DOCUMENTATION
Checkbook Upon closure, all unused checks must be returned to the branch where the account is maintained.

NEW CHECKBOOK COST
Type of Checkbook Fee
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 Fom Check / Other Customized Checks To be based on the approved arrangements and design per Memorandum of Agreement

OTHER FEES AND CHARGES
Inter-branch Deposit/ Withdrawal/ Encashment (for inter-regional transactions only) P10,000 and below = P50.00 Above P10,000 = P100.00
Bank Certification on Deposit Balances (for all kinds of Bank Certification) P200.00
Bank Guarantee Against Deposit P400.00
Stop Payment Order (SPO) per check requested P100Inter
Returned Check P2,000/check
Penalty Charge for RCOCI for every P40,000 amount of check or a fraction thereof P200
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 REQUIREMENTS
Individuals 1. At least 2 valid IDs* 2. 1 x 1 ID picture 3. TIN Number must be presented * Valid IDs include SSS ID, GSIS ID, Driver’s License, Company ID (present), School ID, Passport, TIN ID, Postal ID, Phil Health ID, Marriage Contract (original copy), Major Credit Card, Membership Card of well-known associations and clubs, HMO ID, Senior Citizens Card.
Single Proprietorship 1. Registration of Business name with Department of Trade and Industry 2. City/Municipal Mayor’s Permit 3. Application of Renewal of City/Municipal Mayor’s Permit/Old Registration 4. Two valid IDs of authorized signatory/ies
Partnership 1.Articles of Partnership 2. Certification of Registration with Securities and Exchange Commission (SEC) 3. Duly notarized Agreement on the extent of authority of each partner4. Two valid IDs of authorized signatory/ies
Corporation 1. Articles of Incorporation 2. Certificate of Registration with Securities and Exchange Commission 3. Corporate By-Laws 4. Duly notarized Board Resolution incorporating the following: • Authority to open bank account with LBP • Designated Officers authorized to deposit, withdraw, endorse or negotiate checks and other deal with the bank deposit and the nature and extent of such authority which should inform the By-Laws of said corporation • Notarized List of incumbent Officers, Board of Directors and Stockholders • Two valid IDs of authorized signatory/ies and Corporate Secretary • Certificate of filing of By-Laws with SECf. Certificate of registration with appropriate agency
Association or Organization 1. Certificate of registration with appropriate agency 2. Constitution and By-Laws 3. Association Agreement 4. Duly notarized Board Resolution incorporating the following: • Authority to open bank account with LBP • Designated Officers authorized to sign and the nature and extent of such authority
Corporation in the Process of Incorporation 1. Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust authorized to open an account with the Bank in behalf of the Corporation 2. Duly notarized Secretary’s Certificate 3. Duly notarized Treasurer’s Affidavit 4. Two valid IDs of authorized signatory/ies
Government Entities 1. Charter and/or Law creating the government corporation/agency/office 2. Executive Order or Department Order creating the government agency 3. Duly notarized Board resolution incorporating the following: • Authority to open bank account with LBP • Designated Officers authorized to sign and the nature and extent of such authority
Cooperative 1. Certificate of Registration with the Cooperative Development Authority 2. Articles of Cooperation and By-Laws 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

CONTACT UNITS
LANDBANK Branches Nationwide
Customer Care Center • NCR-405-7000 • Toll free for non-NCR- 1800-10-405-7000

I'd like to apply now!

Click here to redirect to online account opening!

I want to know more

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

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

Email Address
customercare@mail.landbank.com

Where to find us?

Find us! We have 403 Branches, 44
Lending centers and 2,127 ATMs
(as of 31 August 2018) nationwide.