MECHANICS

1.  “IpoNalo 2.0, Power Up” is open to all new and existing private individual and institutional LANDBANK deposit account holders.

2.  Accountholders qualified for the promo shall earn one (1) e-raffle ticket for every increment of Php50,000 ADB for Private Individual Depositors and Php1,000,000 ADB for Private Institutions/Corporates. E-raffle tickets are non-transferable.

3.  Eligible Accounts to join the promo

a.    Savings Account – Regular Passbook and ATM
b.    Dollar Savings Account
c.    Current Account – Regular and Interest-Bearing Current Account
d.    Easy Savings Plus (ESP) Individual at a maximum rate of 3.5%
e.    OptiSaver Account
f.    GreenGrowth Account
g.    High Yield Savings Account (HYSA) at a maximum rate of 3.5%
h.    Regular Time Deposit at posted rate
i.    ESP institutional at a maximum rate of 3.5%

4.  Eligible clients may only win once during the raffle promotion. In cases where a client’s entries are drawn for multiple prizes, the prize with the higher value will be awarded to them. Any other prizes drawn for the same client will be forfeited in favor of the next eligible winner.

5.  Qualified Accountholders will be notified via SMS or email by the LANDBANK Corporate Affairs Group (CAG) on the number of e-raffle tickets they earned.

6.  Accountholders who are qualified for the promotion will have a chance to win any of the following prizes:

Specifications of the vehicle prize:

The Toyota Innova Zenix 2.0 Q Hybrid CVT is a top-spec model that combines a 2.0-liter gasoline engine with an electric motor, delivering a combined output of 186 horsepower. It features a continuously variable transmission (CVT) and premium amenities, including second-row captain seats with a power ottoman, leather upholstery, and advanced safety systems like Toyota Safety Sense.  

Priced at PHP 1,953,000, the 2.0 Q Hybrid CVT also includes a 10.1-inch infotainment display with Apple CarPlay and Android Auto connectivity, automatic climate control, and comprehensive safety features.  

Built on the TNGA-C platform, the Innova Zenix offers a front-wheel-drive layout and enhanced interior space compared to its predecessor.

7.  Vehicle prize is non-transferrable and not convertible to cash.

8.  The cost of the transfer of ownership for the vehicle prize will be shouldered by the winner.

9.  The release venue for the vehicle prize will be located in the NCR (National Capital Region).

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

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

12. The promo will run from February 1, 2025, to July 31, 2025, and the e-raffle draw shall be on August 14, 2025.

13. 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.

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

15. 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.

16. Names of winners shall be posted on the LANDBANK website and other official social media pages (e.g., Facebook, Instagram, Twitter, Viber, etc.). To claim their prizes, winners must present the following to their respective LANDBANK branches of account:

a.    one (1) photo-bearing government issued ID
b.    Copy of notification letter sent by Corporate Affairs Group

17.    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

18.    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.

19. 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.

20. 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.

21.  All other expenses in claiming the prizes shall be paid by the winners-depositors.

22. Redemption of prizes is allowed up to 60 days from the date of receipt of the notification. Prizes not claimed within the period shall be forfeited, and the PMT shall award the prizes to the buffer winners.

Other Conditions

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

24. By participating on the “IpoNalo 2.0, Power Up” Promo, the winning accountholders shall agree 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, the winners shall agree to waive any claims to royalties, rights, or remuneration for such use on LANDBANK website, social media pages, and press releases.

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

26. 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.

27. The Bank reserves the right to verify participants' eligibility and disqualify any entries that fail to comply with the promotional terms.

28. 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.

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

30. All employees of LANDBANK including its Board of Directors and their relatives up to the second civil degree of consanguinity or affinity are disqualified from winning in the promotion.

Per DTI Fair Trade Permit No. FTEB-213156 Series of 2025.