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ATM Savings Account

An interest-bearing peso savings account wherein deposit transactions are made


over-the-counter and through the Cash Deposit Machine (CDM) during official
banking hours/days. Withdrawal transactions may be done over-the-counter or at
any Bancnet ATMs 24 hours a day, 7 days a week.  Cashless purchases may also
be done through any Point-of-Sale (POS) terminal of partner merchants from
department stores, supermarkets and accredited establishments bearing the
Bancnet logo. 

TARGET MARKET

Individuals

At least seven (7) years of age


Able to read and write
Not suffering from any legal disability
With credible identification

FEATURES

Minimum Initial Deposit P500

Required Minimum Monthly ADB P500

Required Daily Balance to Earn Interest P2,000


Effectivity
date: August 1, 2018

Interest Rate (per annum)


0.10% 

Effectivity Date:
August 1, 2017

Maximum ATM Withdrawal P50,000/day

Point-of-Sale (POS) - Cashless Payments P50,000/day

Service charge for Falling Below the Minimum ADB P200/month


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

Closing Fee P300 


Closing of Account within one month from opening
date  Effectivity Date: Dec. 1,
2017

Dormancy Fee P30.00/month


Coverage  -  Accounts with no depositor -initiated
financial transaction for two (2) years and falling Effectivity Date: April
below the required ADB 24, 2017  

Collection - Monthly to start at the 5th year from the


date of last financial transaction.

FEES AND CHARGES

LANDBANK Cards LVDC Proprietary RFID E-Card/


(Debit Customized Cash
Card) Card

Interbank ATM Withdrawal 10.00 10.00 10.00 10.00

Interbank ATM Balance 1.00 1.00 1.00 1.00


Inquiry

ATM Fund Transfer 10.00 10.00 10.00 10.00


LANDBANK to LANDBANK
(Intrabank)
LANDBANK to Other Bank 25.00 25.00 25.00 25.00
(Interbank)

Online Interbank Fund 25.00 25.00 25.00 25.00


Transfer

ATM International Cash 150.00 Not Not Not Applicable


Withdrawal Applicable Applicable

ATM International Balance 50.00 Not Not Not Applicable


Inquiry Applicable Applicable

ATM Bills Payment Free Free Free Free

Card Replacement Fee 150.00 110.00 300.00  250.00

PIN Reprinting/Replacement* 50.00 50.00 50.00 50.00

*Excludes ATM accounts of GSIS and CCT Beneficiaries

OTHER FEES

Inter-branch Deposit/Withdrawal/Encashment  
    (for inter-regional transactions only)  
P10,000 and below 50.00
Above P10,000 100.00

Bank Certification on Deposit Balances 200.00

(for all kinds of Bank Certification)

Bank Guarantee Against Deposit 400.00

CONTACT UNITS

1. LANDBANK Branches Nationwide


2. Customer Care Center

NCR- 405-7000
Toll free for non-NCR- 1800-10-405-7000

BASIC REQUIREMENTS

Individuals
Local 1. Presentation of at least one (1) original
valid photo-bearing ID
Notes:  
 
a. When necessary, branches shall
require secondary proof of
identification (e.g., billing
statement of utilities or major
credit cards in the name of the
customer). 
b. Identifying documents shall be
signed by the customer.
c. SSC of referred customer shall be
signed by the endorsing
officer/employee of the Bank or
valued customer.
d. The BH/BOO/BSO[1] who shall
approve the opening of the deposit
account may, at his discretion,
confirm the same with the referring
officer/employee or valued
depositor of the Bank.   
 
2. Two (2) recent ID photos (to be attached
to CISSC/LOCIS and SSC)
3. Students who are beneficiaries of
remittances/fund transfers and are not
yet of voting age may be allowed to
present the original school ID duly signed
by the Principal or head of the school and
submit a clear photocopy of the same. 
4. Whenever necessary, the Branch may
accept other IDs, provided that it shall not
be the sole means of identification.
5. In case the identification documents
mentioned above or other identification
documents acceptable to the Bank do not
bear any photo of the customer or
authorized signatory, or the photo-bearing
ID or a photocopy thereof does not clearly
show the face of the customer or
authorized signatory, the Branch may
utilize own technology to take the photo
of the customer or authorized signatory
6. Birth certificate of the child in case of
parents opening an account in behalf of
their child
Notes:
a. The Branch shall retain a
photocopy of the same duly
authenticated by the NAC
b. The parent(s) shall still be
identified in accordance with the
requirements

Foreigner, all of the following: 1. Passport


2. ACR/Diplomatic Identification Card
issued by the DFA specifying status i.e.,
working, business, student or non-
resident
Note:
Foreign national whose working
permit is under process shall be
required to submit Certificate of
Employment.

Court-appointed Fiduciary 1. Original Copy of Court Order containing


(Guardian, Administrator, Trustee the Fiduciary’s appointment
or Receiver), all of the following: 2. Original Copy of Court Order authorizing
the Fiduciary to open a deposit account
with LANDBANK
Note:
The Branch shall retain a
photocopy of the Court Order duly
authenticated by the NAC.

Single Proprietorship 1. Certificate of Registration with the DTI


2. City/Municipal Mayor’s Permit

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