Deposit Products offered by Land Bank

1. Savings Account with ATM Access. An interest bearing peso account wherein
withdrawal transactions are done via Automated Teller Machines (ATM) 24 hours a
day, seven days a week. Deposit and withdrawal transactions may also be done
over-the-counter but only during official banking hours/days. Withdrawals may also
be made at any Expressnet, Megalink and Bancnet ATMs.

Features of Savings Account with ATM Access:

Initial Deposit Requirement: P 500
Required ADB: P 500
Required Daily Balance to Earn Interest: P 500
Interest Rate: .5% p.a.
Maximum withdrawable amount/day: P 50,000
Documentation: ATM

2. Regular Savings Account. An interest bearing peso-account which requires

presentation of a passbook for deposit and withdrawal transactions.

Features of Regular Savings Account (Individuals and Institution):

Initial Deposit Requirement: P 10,000
Required ADB: P 10,000
Required Daily Balance to Earn Interest: P 10,000
Interest Rate: .5% p.a.
Documentation: Passbook

3. Regular Current Account. A non-interest bearing peso account, also known as

Checking or Demand Deposit Account wherein deposits are made over-the-counter
whereas withdrawals are made through the issuance of a check.

Features of Regular Current Account (Individual / Institution):

Initial Deposit Requirement: P 5,000 / 10,000
Required ADB: P 5,000 / 10,000
Documentation: Checkbook

4. Current Account with ATM Access

5. Regular Peso E.A.S.Y. (Earning Access & Sure Yield)
6. Check & Sure Yield) Check with ATM Access
7. Regular Peso Time Deposit
8. Easy Savings Plus (ESP)
9. High-Yield Savings Account (HYSA)
10. U.S. Dollar Savings Account
11. U.S. Dollar Time Deposit
12. LANDBANK E-$-P (Easy Dollar Pension)
Basic requirements for opening a Regular Savings Account or Regular Current
Account:

A. Individuals

At least two (2) valid IDs such as:

1. New SSS/GSIS ID

2. Drivers License

3. Company ID

4. School ID

5. Passport

6. PRC ID

7. Postal ID

8. Marriage contract (original copy)

9. Credit Card of a Reputable Company

10. License to Carry Firearms

11. Two (2) copies of most recent 1 x 1 ID Picture

12. Tax Identification Number

Tips and steps in Applying and Opening a Bank Account in Land Bank

1. Decide on what type of deposit account you want to open in Land Bank. Refer
to the list and information above.

2. Choose the Land Bank branch of your choice. You can check the list of LBP
branches at their branch locator page.

3. Visit the Land Bank branch that youve chosen and bring the complete
requirements in opening a bank account (please check the list of
requirements above).

4. Proceed to the New Account Desk; tell the bank officer your intent to open a
bank account. Then fill-up the forms that will be given to you. It is also wise to
always bring a ball pen to avoid borrowing one or waiting in line for the pen
provided by the bank at the writing area.
 5. Give the initial deposit for your account. It should be equal or more than the
minimum initial deposit amount. Make sure that your balance will not fall
below the minimum balance requirements.

6. Claim your passbook, checkbook, certificate of deposits or ATM card at the

date or time promised to your by the account officer. For ATM cards, Land
Bank can release it within the day of your successful application.

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