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
INSTITUTIONAL
| 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 |
As of Tue, July 23, 2024
| Buying | Selling | |
|---|---|---|
| JPY | 0.365205 | 0.37929 |
| EUR | 62.44633 | 64.845786 |
| GBP | 74.141038 | 76.989855 |
| HKD | 7.421431 | 7.972353 |
| USD | 58.15 | 58.65 |
As of Mon, July 22, 2024
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.508588 |
| Money Market Fund | 1.272092 |
| Money Market Plus Fund | 1.184215 |
| PERA Money Market Fund | 1.001604 |
| Medium-Term Bond Fund | 2.379753 |
| Bond Fund | 1.961878 |
| PERA Bond Fund | 1.143384 |
| Balanced Fund | 2.558664 |
| Growth Fund | 2.564395 |
| Alpha Equity Fund | 3.234181 |
| Blue Chip Equity Fund | 0.990958 |
| Equity Fund | 0.827691 |
| High Dividend Equity Fund | 0.944994 |
| US$ Money Market Fund | 1.397114 |
| Global $ Fund | 1.47233 |
24/7 CUSTOMER SERVICE
