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Disclosure Statement: Processing Time is reckoned from the time the completeand properly filled up documents are received by the Bank Responsible Personuntil the transaction of the Client is completed. Processing Time does not
include waiting time that may vary depending on the number of clients availing
the bank products/services or systems breakdown.
1. DEPOSIT ACCOUNT PRODUCTS1.1. ATM SAVINGS ACCOUNTAn interest bearing peso savings account wherein deposit transactions
are done over-the-counter, while withdrawal transaction are done via
Automatic Teller Machines (ATM) 24 hours a day, 7 days a week. Deposit
and withdrawal transactions may also be done over-the-counter but onlyduring official banking hours/days. ATM withdrawals may also be made at
any Expressnet, Bancnet and Megalink ATMs. Hassle-free and cashless
purchases may also be done through any Point-of-Sale (POS) terminals
from partner merchants across the country.
Target Market
Individual
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 Monthly ADB P500
Required Daily Balance To Earn Interest P500
Interest Rate (per annum) 0.375%
Maximum Withdrawable Amount per Day P50,000
Point-of-Sale (POS) -Cashless Payments per day P100,000
Service Fee For Falling Below The Required Minimum
ADBP200/month
Closing Fee1 P200
Dormancy Fee2 P200/ month
Documentation ATM card
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Replacement Fee For Lost ATM Card P50
Note: ATM Cards are issued to cardholders upon opening of the account;however, ATM cards for joint accounts are issued three (3) days after
account opening.
1 If closed within thirty (30) calendar days from date of account opening.2Accounts with no deposit/withdrawal transactions for two (2) years and
falling below the required ADB.
Target Market
Overseas Filipino
Features
Minimum Initial Deposit P100
Required Monthly ADB P100
Required Daily Balance To Earn Interest P500
Interest Rate (per annum) 0.375%
Maximum Withdrawable Amount per Day P50,000
Point-of-Sale (POS) -Cashless Payments per day P100,000Service Fee For Falling Below The Required
Minimum ADBNone
Closing Fee1 P200
Dormancy Fee2 P100/ month
Documentation ATM card
Replacement Fee For Lost ATM Card P50
1 If closed within thirty (30) calendar days from date of account opening.
2Accounts with no deposit/withdrawal transactions for two (2) years andfalling below the required ADB.
1.2. CURRENT ACCOUNT WITH ATM ACCESSA non-interest bearing peso account, also known as Checking or
Demand Deposit Account wherein withdrawals are made either through
the issuance of a check, via ATM, or over-the-counter in case ATM
machine is not available. Withdrawals may also be made 24 hours a day,
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1If closed within thirty (30) calendar days from date of account opening.2Ac counts with no deposit/withdrawal transactions for one (1) year and
falling below the required ADB.3Upon closure, all unused checks will be returned to the branch where
account is maintained.4ATM Cards are issued to cardholders upon opening of account; however,
ATM cards for joint accounts are issued three (3) days after account
opening.
1.3. EASY SAVINGS PLUS (ESP)Easy Savings Plus (ESP) is a premium savings account which offers higher
interest ratesversus a regular savings account and are tiered based on ADB levels.
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 P20,000
Interest Rate (per annum)Based on market rates (tiered rates
based on daily balance)
Required Minimum Monthly ADB P20,000
Required Daily Balance to Earn
InterestP20,000
Service Fee For Falling Below the
Required Minimum ADBP200/month
Pre-termination Rate/Penalty
P200 - closing of account within
thirty (30) days from date of
account opening
Dormancy Fee1 P200/month
Documentary Stamp Tax (DST)To be shouldered by the bank. If pre-terminated, the depositor is
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required to pay DST.
Allowed number of withdrawals per
MonthTwo (2)
Service Fee in Excess of Two (2)
Withdrawals/ MonthP100/withdrawal
Documentation Passbook
Replacement Fee For Lost Passbook P100
1Accounts with no deposit/withdrawal transaction for two (2) years falling
below the required ADB.
1.4. HIGH - YIELD SAVINGS ACCOUNTHigh Yield Savings Ac count (HYSA) is a peso account wherein funds of a
specific amount are given pre-determined competitive rates for a fixed
term. Passbook also serves as a proof of deposit. This account is offered
to institutional clients.
Target Market
Government line and attached agencies Government Owned and Controlled Cooperations (GOCCs) Government Financial Institutions (GFIs) Local Government Units (LGUs) Private Institutions
Features
Minimum Initial Deposit P1,000,000
TermMinimum of 30 days and Maximum of 360
days
Interest Rate (per annum)Based on weekly posted rates; varies
depending on amount and term.
Pre Termination
Rate/Penalty
Interest rate shall be pro-rated:
o15 days and below = 1/4 of the given rateor prevailing savings rate whichever is
higher
omore than 15 days=1/2 of the given rate orprevailing savings rate whichever is higher
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Documentation HYSA Passbook
Replacement Fee for Lost
PassbookP100
Doc umentary Stamp Tax
(DST)
oTo be shouldered by the bank.oIf pre-terminated, the depositor is required
to pay DST.
1.5. HARVEST 5
A five (5) Year Time Deposit (Tax free) ; A long term deposit account.
Target Market
Individuals (Single or J oint Accounts)
Features
Minimum
PlacementP100,000
Term Five (5) years and One (1) dayInterest Rate (per
annum)
Based on latest Fixed Rate Treasury Notes (FXTN)Fixed annual rate for the duration of the term
Tax Exemption
No withholding tax and documentary stamp tax
(DST) if Harvest 5 is maintained for five (5) years and
one (1) day.
Pre-Termination
Rate/Penalty
1. Interest Rate shall be pro-rated:o ninety (90) days and below = prevailing
savings rate
o more than ninety (90) days = prevailingCTD posted rate above 45 days.
2. Withholding tax on interest shall be withheld:o 20% = less than 3 yearso 12% = 3 - 4 yearso 5% = more than 4 years
3.The depositor is required to pay the full amountof Documentary Stamp Tax (DST)
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Options for
Crediting of Interest
Earned*
* The depositor shall
only choose one
(1) option upon
placement of
deposit and shall
be applied for the
whole term of theplacement.
1. Interest for reinvestmentInterest earned shall be credited to the
account every 31st
day to be reinvested withthe principal deposit until maturity.
Compounded monthly2. Interest for credit to an affiliate LBP ATM
account
Interest earned shall be credited to theaffiliate LBP ATM account every 31stday.
Affiliate ATM Account is exempted from allbank charges except for interbranch and
interbank charges.
Same affiliate LBP ATM account may beutilized by the depositor for succeeding
placements
Feature As Credit
Line
Harvest 5 accounts may be used as a security for a
credit line subject to LANDBANK's existing policy on
hold-out on deposits.
Documentation Certificate on Time Deposit (CTD)
1.6. PESO E.A.S.Y. (EARNING ACCESS & SURE YIELD) CHECKAn interest-bearing peso current account (IBCA) wherein deposits are
made over-the-counter whereas withdrawals are made through the
issuance of a check.
Target Market
Individuals
Existing depositors of good standing New depositors with referral from LANDBANK officers or from known
and valued clients of the Bank
Institutional
Reputable private corporations, cooperatives, partnerships and
associations
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Features
INDIVIDUAL INSTITUTIONAL
Minimum Initial Deposit P10,000 P20,000
Required Minimum Monthly ADB P10,000 P20,000
Interest Rate (per annum) 0.375% 0.375%
Service Fee for Falling Below ADB P200 P200
Closing Fee1 P200 P200
Dormancy Fee2 P200/month P200/month
Documentation3 Checkbook Checkbook
Maximum number of check
issuancesNo limit No limit
Other Fees and Charges
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 thereofP200
Reprinting of Bank Statements*
Private - transactions beyond two (2) months Government - transactions beyond one (1) year
*reckoned from opening date
P20/page
Bank Statement's Holding Fee
-requested bank statements not claimed/picked-up
within one (1) month
P100
1If closed within thirty (30) calendar days from date of account opening.2Ac counts with no deposit/withdrawal transaction for one (1) year and
falling below the required ADB.3Upon closure, all unused checks will be returned to the branch where
account is maintained.
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1.7. PESO E.A.S.Y. (EARNING ACCESS & SURE YIELD) CHECK WITH ATMACCESS
An interest-bearing peso current account (IBCA) wherein deposits are
made over-the-counter or through the ATM whereas withdrawals are
made through the issuance of a check via ATM or over-the-counter in
case ATM machine is not available. Withdrawals may also be made 24
hours a day, 7 days a week at any Expressnet, Bancnet, and Megalink
ATMs. Hassle-free and cashless purchases may also be done through any
Point-of-Sale (POS) terminals from partner merchants across the country.
Target Market
Existing depositors of good standing New depositors with referral from LANDBANK officers or from known
and valued clients of the Bank
Features
Minimum Initial Deposit P10,000
Required Minimum Monthly ADB P10,000
Required Daily Balance to Earn Interest P10,000
Interest Rate (per annum) 0.375%
Service Fee for Falling Below the Required
ADBP200/month
Closing Fee1 P200
Dormancy Fee2 P200/month
Maximum Withdrawable Amount per Day P 50,000
Point-of-Sale (POS) cashless payment per
dayP 100,000
Documentation Checkbook3and ATMCard4
Other Fees and Charges
ATM Card Replacement Fee P50
Stop Payment Order (SPO) P100 per check requested
Returned Check P2,000/check
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Penalty Charge for RCOCI for every P40,000
amount of check or a fraction thereofP200
Reprinting of Bank Statements* Private - transactions beyond two (2)
months
Government - transactions beyondone (1) year
*reckoned from opening date
P20/page
Bank Statement's Holding Fee
-requested bank statements not
claimed/picked-up within one (1) month
P100
1If closed within thirty (30) calendar days from date of account opening.2Accounts with no deposit/withdrawal transaction for one (1) year and
falling below the required ADB.
1.8. TIME DEPOSITA specific amount of funds in peso which earns interest at a pre-
determined competitive rate for a fixed period of time/ term with a
Certificate of Time Deposit (CTD) as proof of deposit. This is offered to
individuals and institutions who/which have peso denominated funds
which maybe locked-in with the bank for at least thirty (30) days.
Target Market
Individuals
At least seven (7) years of age Able to read and write Not suffering from any legal disability With credible identification
Institutional
Government Line Agencies, Government Owned and ControlledCorporations (GOCCs), Loc al Government Units (LGUs)
Private corporations, cooperatives, partnerships, associations andother duly registered organizations
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Features
Minimum initial
depositP1,000
TermMinimum of 30 days and Maximum of 360
days
Interest rate (per
annum)Based on market rates, amount and terms
Pre-termination
rate/penaltyRevert to prevailing regular savings rate
Documentation Certificate of Time Deposit (CTD)
Documentary Stamp
Tax (DST)
To be paid by the depositor upon
opening/renewal
1.9. REGULAR CURRENT ACCOUNTA 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.
Target Market
Individuals
Existing depositors of good standing New depositors with referral from LANDBANK officers or from known
and valued clients of the bank
Institutional
Government Line Agencies, Government - Owned andControlled Corporations (GOCCs), Local Government Units (LGUs)
Reputable private corporations, cooperatives, partnerships andassociations
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Features
INDIVIDUAL INSTITUTIONALMinimum Initial Deposit P5,000 P10,000
Required Minimum Monthly ADB P5,000 P10,000
Service Fee For Falling Below The
Required ADBP200/month P200 /month
Closing fee1 P200 P200
Dormancy fee2 P200/month P200/month
Documentation3 Checkbook Checkbook
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 ThereofP200
Reprinting of Bank Statements*
Private - transactions beyond two (2) months Government - transactions beyond one (1) year
*reckoned from opening date
P20/page
Bank Statement's Holding Fee
-requested bank statements not claimed/picked-up
within one (1) month
P100
1If closed within thirty (30) days from opening date.2 Accounts with no deposit/withdrawal transactions for one (1) year and
falling below the required ADB.3Upon closure, all unused checks will be returned to the branch where
account is maintained.
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1.10. US$ DOLLAR SAVINGS ACCOUNT
An interest bearing dollaraccount which requires presentation of a
passbook for deposit and withdrawal transactions.
Target Market
Individuals
At least seven (7) years of age Able to read and write Not suffering from any legal disability With credible identification
Institutional
Government Line Agencies (GLAs), Government Owned andControlled Corporations (GOCCs), Local Government Units (LGUs)
Private corporations, cooperatives, partnerships, associations andother duly registered organizations
Features
INDIVIDUAL INSTITUTIONAL
Minimum Initial Deposit $100 $1,000
Required Minimum Monthly
ADB$500 $1,000
Required Daily Balance to
Earn Interest$500 $1,000
Interest Rate (per annum) 0.15% 0.15%
Service Fee for Falling Below
ADB $5/month $5/month
Closing fee1 P200 P200
Dormancy fee2 $5 /month $5/month
Replacement Fee for Lost
PassbookP100 P100
Documentation Passbook Passbook
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Other Transaction Fees
Inter-branch Deposit/WithdrawalAccommodation (Notes only)
$ 5/transaction
Service fee in Excess of Two (3)
Withdrawals/Month$0.50/withdrawal
Withdrawal Prior to Expiry of Holding Period
1/4 of 1% of the amount
withdrawn within the
holding period of 15
banking days
1 If closed within thirty (30) calendar days from date of account opening.
2Ac counts with no deposit/withdrawal transaction for two (2) years andfalling below the required ADB.
1.11.U.S. DOLLAR TIME DEPOSIT
A specific amount of funds in dollar which earns interest at a pre-
determined competitive rate for a fixed period of time/term with a
Certificate of Time Deposit (CTD) as proof of deposit.
Target Market
Individuals
At least seven (7) years of age Able to read and write Not suffering from any legal disability With credible identification
Institutional
Government Line Agencies, Government Owned and ControlledCorporations (GOCCs), Loc al Government Units (LGUs)
Private corporations, cooperatives, partnerships, associations andother duly registered organizations
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Withdrawals per Month Dollar Account - 3 times per month
Documentation Passbook
Replacement Fee for LostPassbook
P100
Note: All other charges for Regular Peso and Dollar Savings Account shall
be applicable.
1.13. HIGH-YIELD U.S. DOLLAR 3-YEAR TIME DEPOSITA three (3) year term US dollar time deposit ac count which earns a
much higher interest than the regular time deposit and savings deposit
products.
Target Market
Individuals
At least seven (7) years of age Able to read and write Not suffering from any legal disability With credible identificationInstitutional
Government Line Agencies, Government Owned and ControlledCorporations (GOCCs), Local Government Units
(LGUs)
Private corporations, cooperatives, partnerships, associations andother duly registered organizations
Features
Minimum Placement $5,000
Term Three (3) years
Interest Rate
2.5% p.a. (fixed rate during the 3-year
term)
- sub je c t to 7.5% w ithho ld ing ta x
Pre termination Interest Rate shall be pro-rated:
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