Landbank Accounts

8/13/2019 Landbank Accounts

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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


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


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


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


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


P20/page


-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


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


P20/page


-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


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


Institutional

Government Line Agencies (GLAs), Government Owned andControlled Corporations (GOCCs), Local Government Units (LGUs)


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


Institutional

Government Line Agencies, Government Owned and ControlledCorporations (GOCCs), Loc al Government Units (LGUs)



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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)


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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Documents

Landbank Accounts