Land Bank of the Philippines (2024)

FAQs

What will happen if you withdraw the maintaining balance from Landbank? ›

The Account shall be considered DORMANT when it becomes inactive (no deposits or withdrawals) for a period of two (2) years for Savings Account and one (1) year for Current Account. The Bank shall impose a monthly service charge on dormant account if the balance falls below the required minimum balance.

The Land Bank of the Philippines is a government financial institution that strikes a balance in fulfilling its social mandate of promoting countryside development while remaining financially viable.

The standard processing time is fifteen (15) working days. Can an Agency extend the processing time? Yes.

Access your account 24 hours a day, 7 days a week through more than 1,400 LANDBANK ATMs nationwide. Withdraw from up to P 50,000 a day. Transfer funds from your savings to current account and vice versa. Express Payment System (EPS) Cashless purchase up to P50,000.00/day from accredited merchants.

Falling Below Minimum Balance Fee will be collected if account falls below the required minimum MADB for two consecutive months. Account Dormancy Fee will be collected if account is dormant and falls below the minimum MADB. A savings account is dormant if it has no client-initiated activity for two (2) years.

Yes, you may access your accounts and perform the foregoing transactions anywhere, provided you are enrolled in the LANDBANK iAccess.

You should allow 2 weeks until funds are disbursed on approved loans, but it can take less or more time in some cases. Remember, once the process is completed, you should continue to make payments to your previous lenders up until you have confirmed that your previous loans are paid in full.

Just swipe and sign for your in-store transactions local or international. Access cash at ATMs here and obtain original currency at ATMs overseas.

How much money can you transfer daily with LANDBANK? ›

LANDBANK clients can transfer up to P50,000.00 per transaction via Instapay, and now as much as P100,000.00 in total per day. The state-run Bank recently reduced its transaction rate for fund transfer via InstaPay from P25 to P15 starting from 15 June 2023.

Using PNB ATMs, you can withdraw as much as P40,000 per transaction. If you use other ATM networks in the Philippines, transaction limit is P10,000 and corresponding charges shall apply.

The available funds in your bank account consist of all of the money that you can access and use freely. You can do almost anything you desire with available funds, including: Withdraw it from an ATM.

The minimum balance, also known as Monthly Average Balance (MAB), is the least amount of money you must maintain in your account each month. Banks calculate the minimum balance threshold by taking the sum of the daily closing balances for a month and dividing it by the total number of days in the month.

Any account that falls below its minimum balance requirement for two consecutive months receives a service charge. Metrobank sets interest rates, minimum ADB for earning interest, minimum balance requirements, and service charges, and it informs customers through its communication channels when there are adjustments.