An interest bearing peso account wherein deposit transactions are made over-the-counter or via Cash Deposit Machine (CDM). ATM withdrawals may be made at any LANDBANK and other ATMs with BancNet and Visa* logo. Cashless purchases may also be done via online* and through any Point-of-Sale (POS) terminal of partner Merchants from department stores, supermarket and accredited establishments bearing the BancNet and Visa logo. *applicable to LANDBANK Visa Debit Card only
| Initial Deposit Requirement | P 500 |
| Required ADB | P 500 |
| Required Daily Balance to Earn Interest | P 2,000 |
| Interest Rate | 0.05% p.a. |
| Maximum Withdrawable Amount / Day | P 50,000 (effective 4 July 2019) |
| Documentation | ATM Card |
| Maximum POS Transactions / Day | P 50,000 |
| BASIC REQUIREMENTS | |
|---|---|
| Individuals / Joint | 1. at least one (1) valid ID |
| 2. 2 1X1 ID picture | |
| 3. TIN Number (optional) | |
| *Valid IDs include Philippine Identification (PhilID) Card, 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 |
| 2. Original Application for Registration | |
| 3. One (1) valid identification card of signatory | |
