How To Withdraw Money From Current Account

Current Account with ATM Access

A non-interest bearing peso savings account wherein deposit, withdrawals, and cashless purchase can be done through various channels.

TARGET MARKET

Individuals

Existing depositors of good business standing
New depositors with referral from LANDBANK officers or from known and valued clients of the bank

FEATURES
Minimum Initial Deposit	P5,000
Required Minimum Monthly ADB	P5,000
Service Charge for Falling Below Minimum ADB 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	P200/month
Closing Fee Closing of Account within one month from opening date	P30.00/month Effectivity Date: Dec. 1, 2017
Dormancy Fee Coverage - Accounts with no depositor -initiated financial transaction for 1 year and falling below the required ADB Collection - Monthly to start on the 5th year reckoned from the date of last financial transaction.	P30.00/month Effectivity Date: April 24, 2017
PDIC Insurance	P500,000 (Maximum deposit insurance per depositor)
Maximum ATM Withdrawal	P50,000/day Effectivity date: July 4, 2019
Point-of-Sale (POS) - Cashless Payment	P50,000/day

DOCUMENTATION
Checkbook	Upon closure, all unused checks will be returned to the branch where the account is maintained.
Applicable LANDBANK Card	LANDBANK Cards are issued to cardholders upon opening of the account; however, cards for joint accounts are issued three (3) days after account opening.

Type of Checkbook	Fee
Personal Checkbook (Booklet of 50 pcs.)	P300.00
Commercial Checkbook (Booklet of 100 pcs.)	P600.00
MDS Checkbook (Booklet of 100 pcs.)	P800.00
Continuous Form Check / Other Customized Checks	To be based on the approved arrangements and design per Memorandum of Agreement

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 thereof	P200/day
Reprinting of Bank Statements* Private - transactions beyond two (2) months Government - transactions beyond one (1) year *reckoned from date of request	P20/page
Bank Statement's Holding Fee - requested bank statements not claimed/picked-up within one (1) month	P100

LANDBANK Cards	LVDC (Debit Card)
Interbank ATM Withdrawal	P10.00
Interbank ATM Balance Inquiry	P1.00
ATM Fund Transfer LANDBANK to LANDBANK (Intrabank)	P10.00
LANDBANK to Other Bank (Interbank)	P25.00
Online Interbank Fund Transfer	P25.00
ATM International Cash Withdrawal	P150.00
ATM International Balance Inquiry	P50.00
ATM Bills Payment	Free
Card Replacement Fee	P150.00
PIN Reprinting/Replacement*	P50.00
Bank Certification on Deposit Balances (for all kinds of Bank Certification)	P200.00
Bank Guarantee Against Deposit	P400.00

BASIC REQUIREMENTS
Single Proprietorship	Certificate of Registration with the DTI City/Municipal Mayor's Permit

CONTACT UNITS
LANDBANK Branches Nationwide
Customer Care Center	• NCR-8-405-7000 • Toll free for non-NCR- 1800-10-405-7000

As of Fri, November 19, 2021

As of Thu, November 18, 2021

Source: https://www.landbank.com/deposits/peso/current/current-account-with-atm-access