How to Open an Account on Lanbank?

Having a bank account is a sure way of saving money and today many people choose to save money rather than keepsafing on their home for security. Other than that, people save their money in banks for future use, for health insurance, business purposes and the like. There are many banks today that offer to open an account. One of these banks is known to many, the LANDBANK of the Philippines.

What is LANDBANK?

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. It is by far the largest formal credit institution in the rural areas.

Why choose LANDBANK?

Because of the availability of its branches in most of area countrywide, it is easy to find this institution. It also offer loan to the following sectors: the farmers and fisherfolk, small and medium enterprises and microenterprises, livelihood loans and agribusiness, agri-infrastructure and other agri- and environment-related projects, socialized housing, schools and hospitals. It has also an ATM machine that can ease the transaction and save amount of time.

Where to find LANDBANK offices or branches?

All over the country, LANDBANK has many branches and extensions office. It also has lending centers, accounting centers and centers for agrarian operations. You can find its directory here.

What are the types of account you can apply?

There are many types of account you can apply depending on what you need. Here is the list of LANDBANK account type:

·         Regular Savings Account

·         Regular Current Account

·         Savings Account with ATM Access

·         Current Account with ATM Access

·         Regular Peso E.A.S.Y. (Earning Access & Sure Yield) Check

·         Peso E.A.S.Y. (Earning Access & Sure Yield) Check with ATM Access

·         Regular Peso Time Deposit

·         Easy Savings Plus (ESP)

·         High-Yield Savings Account (HYSA)

·         U.S. Dollar Savings Account

·         U.S. Dollar Time Deposit

·         Chinese Yuan Savings Account (*initially available in Binondo Branch)

·         Chinese Yuan Time Deposit Account (*initially available in Binondo Branch)

What are the features, requirements and fee of account I want to apply?

Every type of account has its own features, requirements and corresponding fees. Below are the types of account with its features, requirements and fee.

Regular Savings Account

An interest bearing peso-account which requires presentation of a passbook for deposit and withdrawal transactions.

FEATURES

	Individual	Institutional
Initial Deposit Requirement	P 10,000	P 10,000
Required ADB	P 10,000	P 10,000
Required Daily Balance to Earn Interest	P 10,000	P 10,000
Interest Rate	.250% p.a.	.250% p.a.
Documentation	Passbook	Passbook

FEES (Effective January 1, 2014)

Replacement

P 200

BASIC REQUIREMENTS

INDIVIDUALS	At least two (2) valid IDs such as: New SSS/GSIS ID Driver's License Company ID School ID Passport PRC ID Postal ID Marriage contract (original copy) Credit Card of a Reputable Company License to Carry Firearms Two (2) copies of most recent 1 x 1 ID Picture Tax Identification Number
SINGLE PROPRIETORSHIP	Registration of Business Name with the Department of Trade Original Application for Registration Two (2) valid identification cards of signatory
PARTNERSHIP	Articles of Partnership Certificate of Registration with the Securities and Exchange Commission Agreement on the extent of authority of each partner Two (2) valid identification cards of signatories
CORPORATION	Articles of Incorporation Certificate of Registration with the Securities and Exchange Commission Corporate By-Laws Board Resolution duly notarized incorporating the following: Authority to open a bank account with LANDBANK List of officers authorized to sign and the nature and extent of such authority Notarized List of Officers, Board of Directors, Stockholders Two (2) valid identification cards of signatorie
ASSOCIATION OR ORGANIZATION	Constitution Association Agreement
CORPORATION IN THE PROCESS OF INCORPORATION	Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust acknowledged to open an account with the Bank on behalf of the Corporation Duly notarized Secretary's Certificate Duly notarized Treasurer's Affidavit
GOVERNMENT ENTITIES	Charter and/or Law creating the government corporation/agency/office Executive Order or Department Order creating the government agency Board Resolution duly notarized incorporating the following: Authority to open a bank account with LANDBANK Officers authorized to sign and the nature and extent of such authority
COOPERATIVES	Certificate of Registration with the Cooperative Development Authority Articles of Cooperation and By-Laws Duly notarized Board resolution incorporating the following: Authority to open a bank account with LANDBANK Designated Officers authorized to sign and the nature and extent of such authority

Regular Current Account

A 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.

FEATURES

	Individual	Institutional
Initial Deposit Requirement	P 5,000	P 10,000
Required ADB	P 5,000	P 10,000
Documentation	Checkbook	Checkbook

Fees (effective January 1, 2014)

Sale of Checks
Manager’s Check	P 50
Gift Check	P 55
Personal Check (booklet of 50 pieces)	P 180
Commercial Check (booklet of 100 pieces)	P 350

BASIC REQUIREMENTS

SINGLE PROPRIETORSHIP	1. Registration of Business name with Department of Trade and Industry 2. City/Municipal Mayor’s Permit 3. Application of Renewal of City/Municipal Mayor’s Permit/Old Registration 4. Two valid IDs of authorized signatory/ies
PARTNERSHIP	1. Articles of Partnership 2. Certification of Registration with Securities and Exchange Commission (SEC) 3. Duly notarized Agreement on the extent of authority of each partner 4. Two valid IDs of authorized signatory
CORPORATION	1. Articles of Incorporation 2. Certificate of Registration with Securities and Exchange Commission 3. Corporate By-Laws 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to deposit, withdraw, endorse or negotiate checks and other deal with the bank deposit and the nature and extent of such authority which should inform the By-Laws of said corporation c. Notarized List of incumbent Officers, Board of Directors and Stockholders d. Two valid IDs of authorized signatory/ies and Corporate Secretary e. Certificate of filing of By-Laws with SEC f. Certificate of registration with appropriate agency
ASSOCIATION OR ORGANIZATION	1. Certificate of registration with appropriate agency 2. Constitution and By-Laws 3. Association Agreement 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
CORPORATION IN THE PROCESS OF INCORPORATION	1. Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust authorized to open an account with the Bank in behalf of the Corporation 2. Duly notarized Secretary’s Certificate 3. Duly notarized Treasurer’s Affidavit 4. Two valid IDs of authorized signatory/ies
GOVERNMENT ENTITIES	1. Charter and/or Law creating the government corporation/agency/office 2. Executive Order or Department Order creating the government agency 3. Duly notarized Board resolution incorporating the following:a. Authority to open bank account with LBPb. Designated Officers authorized to sign and the nature and extent of such authority
COOPERATIVES	1. Certificate of Registration with the Cooperative Development Authority 2. Articles of Cooperation and By-Laws 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LANDBANK b. Designated Officers authorized to sign and the nature and extent of such authority

Savings Account with ATM Access

An interest bearing peso savings account wherein deposits transactions are done over the counter, while withdrawal transaction are done via Automated Teller Machines (ATM) 24 hours a day, seven days a week. Deposit and withdrawal transactions may also be done over-the-counter but only during official banking hours/days. ATM withdrawals may also be made at any Expressnet, Megalink and Bancnet ATMs.

FEATURES

Initial Deposit Requirement	P 500
Required ADB	P 500
Required Daily Balance to Earn Interest	P 500
Interest Rate	.250% p.a.
Maximum withdrawable amount/day	P 50,000
Documentation	ATM Card
Maximum EPS transactions/day	P 100,000

BASIC REQUIREMENTS

INDIVIDUALS/JOINT	1. At least two (2) valid IDs* 2. 1 x 1 ID picture 3. TIN Number must be presented*Valid IDs include 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. Two valid IDs of authorized signatory/ies

Current Account with ATM Access

A non-interest bearing peso account wherein withdrawals are made either through the issuance of a check or via ATM 24 hours a day, 7 days a week. Deposit and withdrawal transactions may also be done over-the-counter but only during official banking hours or days. ATM withdrawals may also be made at any Expressnet, Bancnet and Megalink ATMs.

FEATURES

Initial Deposit Requirement	P 5000
Required Daily Balance to Earn Interest	P 5000
Checking Account with ATM Access	P 5000
Documentation	Checkbook plus ATM Card
Maximum EPS transactions/day	P 100,000

BASIC REQUIREMENTS

SINGLE PROPRIETORSHIP

1. Registration of Business Name with Department of Trade and Industry 2. City/Municipal Mayor’s Permit 3. Application for Renewal of City/Municipal Mayor’s Permit/Old Registration 4. Two valid IDs of authorized signatory/ies

Regular Peso E.A.S.Y. (Earning Access & Sure Yield) Check

An interest-bearing peso checking account (IBCA) wherein deposits are made over-the-counter while withdrawals are made through the issuance of a check.

FEATURES

	Individual	Institutional
Initial Deposit Requirement	P 10,000	P 20,000
Required ADB	P 10,000	P 20,000
Required ADB to earn interest	P 10,000	P 20,000
Interest Rate	.250% p.a.	.250% p.a.
Documentation	Checkbook	Checkbook
Maximum Number of check issuances	No limit	No limit

BASIC REQUIREMENTS

INDIVIDUALS	At least 2 valid IDs* 1 x 1 ID picture TIN Number must be presented*Valid IDs include 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	Registration of Business name with Department of Trade and Industry City/Municipal Mayor’s Permit Application of Renewal of City/Municipal Mayor’s Permit/Old Registration Two valid IDs of authorized signatory/ies
PARTNERSHIP	Articles of Partnership Certification of Registration with Securities and Exchange Commission (SEC) Duly notarized Agreement on the extent of authority of each partner4. Two valid IDs of authorized signatory/ies
CORPORATION	Articles of Incorporation Certificate of Registration with Securities and Exchange Commission Corporate By-Laws Duly notarized Board Resolution incorporating the following: Authority to open bank account with LBP Designated Officers authorized to deposit, withdraw, endorse or negotiate checks and other deal with the bank deposit and the nature and extent of such authority which should inform the By-Laws of said corporation Notarized List of incumbent Officers, Board of Directors and Stockholders Two valid IDs of authorized signatory/ies and Corporate Secretary Certificate of filing of By-Laws with SECf. Certificate of registration with appropriate agency
ASSOCIATION OR ORGANIZATION	Certificate of registration with appropriate agency Constitution and By-Laws Association Agreement Duly notarized Board Resolution incorporating the following: Authority to open bank account with LBP Designated Officers authorized to sign and the nature and extent of such authority
CORPORATION IN THE PROCESS OF INCORPORATION	Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust authorized to open an account with the Bank in behalf of the Corporation Duly notarized Secretary’s Certificate Duly notarized Treasurer’s Affidavit Two valid IDs of authorized signatory/ies
GOVERNMENT ENTITIES	Charter and/or Law creating the government corporation/agency/office Executive Order or Department Order creating the government agency Duly notarized Board resolution incorporating the following: Authority to open bank account with LBP Designated Officers authorized to sign and the nature and extent of such authority
COOPERATIVE	Certificate of Registration with the Cooperative Development Authority Articles of Cooperation and By-Laws Duly notarized Board resolution incorporating the following: Authority to open bank account with LANDBANK Designated Officers authorized to sign and the nature and extent of such authority

Peso E.A.S.Y. (Earning Access & Sure Yield) Check with ATM Access

An interest-bearing peso checking account (IBCA) wherein deposits are made over-the-counter while withdrawals are made through the issuance of a check.

FEATURES

Initial Deposit Requirement	P 10,000
Required ADB	P 10,000
Required ADB to earn interest	P 10,000
Interest Rate	.250% p.a.
Documentation	Checkbook plus ATM
Maximum Number of check issuances	No limit
Maximum EPS transactions/day	P 100,000

BASIC REQUIREMENTS

INDIVIDUALS

1. At least 2 valid IDs* 2. 1 x 1 ID picture 3. TIN Number must be presented* Valid IDs include 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.

Regular Peso Time Deposit

A 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 may be locked-in with the Bank for at least thirty (30) days.

FEATURES

Minimum Deposit Requirement	P 1,000
Interest Rate	Based on weekly posted rates; varies depending on term and amount
Documentation	CTD

BASIC REQUIREMENTS

INDIVIDUALS	1. At least 2 valid IDs* 2. 1 x 1 ID picture 3. TIN Number must be presented*Valid IDs include 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 and Industry 2. City/Municipal Mayor’s Permit 3. Application for Renewal of City/Municipal Mayor’s Permit/Old Registration4. Two valid IDs of authorized signatory/ies

Easy Savings Plus (ESP)

is a premium savings account which offers higher interest rates versus a regular savings account and are tiered based on ADB levels.

FEATURES

Minimum Deposit Requirement	P 20,000
Interest Rate	Market rates, tiered rates based on ADB required month
Documentation	Passbook

BASIC REQUIREMENTS

INDIVIDUALS	1. At least 2 valid IDs* 2. 1 x 1 ID picture 3. TIN Number must be presented*Valid IDs include 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 and Industry 2. City/Municipal Mayor’s Permit 3. Application for Renewal of City/Municipal Mayor’s Permit/Old Registration 4. Two valid IDs of authorized signatory/ies

High-Yield Savings Account (HYSA)

HYSA is a peso savings account wherein funds of a specific amount are given pre-determined competitive rates for a fixed term. Passbook serves as a proof of deposit. HYSA is offered to institutional clients only.

FEATURES

Minimum Deposit Requirement	P 1,000,000
Interest Rate	Based on weekly posted rates; varies depending on term and amount
Posting of interest	On or before 15th day from date of deposit: ¼ of the rate given on the date of deposit or prevailing savings rate whichever is higher.After 15 days from date of deposit: ½ of the rate given on the date of deposit or the prevailing savings rate whichever is higher
Documentation	HYSA Passbook

BASIC REQUIREMENTS

CORPORATION	1. Articles of Incorporation 2. Certificate of Registration with Securities and Exchange Commission 3. Corporate By-Laws 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to deposit, withdraw, endorse or negotiate checks and other deal with the bank deposit and the nature and extent of such authority which should inform the By-Laws of said corporation c. Notarized List of incumbent Officers, Board of Directors and Stockholders d. Two valid IDs of authorized signatory/ies and Corporate Secretary e. Certificate of filing of By-Laws with SEC f. Certificate of registration with appropriate agency
ASSOCIATION OR ORGANIZATION	1. Certificate of registration with appropriate agency 2. Constitution and By-Laws 3. Association Agreement 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
CORPORATION IN THE PROCESS OF INCORPORATION	1. Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust authorized to open an account with the Bank in behalf of the Corporation 2. Duly notarized Secretary’s Certificate 3. Duly notarized Treasurer’s Affidavit 4. Two valid IDs of authorized signatory/ies
GOVERNMENT ENTITIES	1. Charter and/or Law creating the government corporation/agency/office 2. Executive Order or Department Order creating the government agency 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
COOPERATIVES	1. Certificate of Registration with the Cooperative Development Authority 2. Articles of Cooperation and By-Laws 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LANDBANK b. Designated Officers authorized to sign and the nature and extent of such authority

U.S. Dollar Savings Account

An interest bearing dollar-account which requires presentation of a passbook for deposit and withdrawal transactions.

FEATURES

	Individual	Institutional
Initial Deposit Requirement	$ 100	$ 1,000
Required ADB	$ 100	$ 1,000
ADB to earn interest	$ 500	$ 1,000
Interest Rate	.15% p.a	.15% p.a.
Documentation	Passbook	Passbook

BASIC REQUIREMENTS

INDIVIDUALS	1. At least 2 valid IDs* 2. 1 x 1 ID picture 3. TIN Number must be presented*Valid IDs include 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 and Industry 2. City/Municipal Mayor’s Permit 3. Application of Renewal of City/Municipal Mayor’s Permit/Old Registration 4. Two valid IDs of authorized signatory/ies
PARTNERSHIP	1. Articles of Partnership 2. Certification of Registration with Securities and Exchange Commission (SEC) 3. Duly notarized Agreement on the extent of authority of each partner 4. Two valid IDs of authorized signatory
CORPORATION	1. Articles of Incorporation 2. Certificate of Registration with Securities and Exchange Commission 3. Corporate By-Laws 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to deposit, withdraw, endorse or negotiate checks and other deal with the bank deposit and the nature and extent of such authority which should inform the By-Laws of said corporation c. Notarized List of incumbent Officers, Board of Directors and Stockholders d. Two valid IDs of authorized signatory/ies and Corporate Secretary e. Certificate of filing of By-Laws with SEC f. Certificate of registration with appropriate agency
ASSOCIATION OR ORGANIZATION	1. Certificate of registration with appropriate agency 2. Constitution and By-Laws 3. Association Agreement 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
CORPORATION IN THE PROCESS OF INCORPORATION	1. Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust authorized to open an account with the Bank in behalf of the Corporation 2. Duly notarized Secretary’s Certificate 3. Duly notarized Treasurer’s Affidavit 4. Two valid IDs of authorized signatory/ies
GOVERNMENT ENTITIES	1. Charter and/or Law creating the government corporation/agency/office 2. Executive Order or Department Order creating the government agency 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
COOPERATIVES	1. Certificate of Registration with the Cooperative Development Authority 2. Articles of Cooperation and By-Laws 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LANDBANK b. Designated Officers authorized to sign and the nature and extent of such authority

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.

FEATURES

Minimum Deposit Requirement	$ 1,000
Term	Minimum of 30 days; Maximum of 365 days
Interest Rate	Based on weekly posted rates; varies depending on term and amount
Pre-termination Rate	Revert to regular savings rate or based on Branch Manager’s discretion (case-to-case basis)
Documentation	LANDBANK Certificate of Time Deposit
Documentation Stamp Tax (DST)	None
Replacement of Lost CTD	None

BASIC REQUIREMENTS

INDIVIDUALS	1. At least 2 valid IDs* 2. 1 x 1 ID picture 3. TIN Number must be presented*Valid IDs include 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 and Industry 2. City/Municipal Mayor’s Permit 3. Application of Renewal of City/Municipal Mayor’s Permit/Old Registration 4. Two valid IDs of authorized signatory/ies
PARTNERSHIP	1. Articles of Partnership 2. Certification of Registration with Securities and Exchange Commission (SEC) 3. Duly notarized Agreement on the extent of authority of each partner 4. Two valid IDs of authorized signatory
CORPORATION	1. Articles of Incorporation 2. Certificate of Registration with Securities and Exchange Commission 3. Corporate By-Laws 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to deposit, withdraw, endorse or negotiate checks and other deal with the bank deposit and the nature and extent of such authority which should inform the By-Laws of said corporation c. Notarized List of incumbent Officers, Board of Directors and Stockholders d. Two valid IDs of authorized signatory/ies and Corporate Secretary e. Certificate of filing of By-Laws with SEC f. Certificate of registration with appropriate agency
ASSOCIATION OR ORGANIZATION	1. Certificate of registration with appropriate agency 2. Constitution and By-Laws 3. Association Agreement 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
CORPORATION IN THE PROCESS OF INCORPORATION	1. Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust authorized to open an account with the Bank in behalf of the Corporation 2. Duly notarized Secretary’s Certificate 3. Duly notarized Treasurer’s Affidavit 4. Two valid IDs of authorized signatory/ies
GOVERNMENT ENTITIES	1. Charter and/or Law creating the government corporation/agency/office 2. Executive Order or Department Order creating the government agency 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
COOPERATIVES	1. Certificate of Registration with the Cooperative Development Authority 2. Articles of Cooperation and By-Laws 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LANDBANK b. Designated Officers authorized to sign and the nature and extent of such authority

Chinese Yuan Savings Account (*initially available in Binondo Branch)

An interest bearing yuan-account which requires presentation of a passbook for deposit and withdrawal transactions.

FEATURES

a. Initial Deposit Requirement	CNY 2,500
b. Minimum Monthly ADB Requirement	CNY 2,500
c. Minimum Balance to Earn Interestt	CNY 2,500
d. Interest Rate per Annum	0.10%
e. Minimum Holding Period     (before withdrawals are allowed)	Fifteen (15) calendar days from date of deposit
f. Required Notice for Withdrawals	Five (5) banking days
g. Documentation	Passbook

BASIC REQUIREMENTS

INDIVIDUALS	1. At least 2 valid IDs* 2. 1 x 1 ID picture 3. TIN must be presented *Valid IDs include 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 and Industry 2. City/Municipal Mayor’s Permit 3. Application of Renewal of City/Municipal Mayor’s Permit/Old Registration 4. Two valid IDs of authorized signatory/ies
PARTNERSHIP	1. Articles of Partnership 2. Certification of Registration with Securities and Exchange Commission (SEC) 3. Duly notarized Agreement on the extent of authority of each partner 4. Two valid IDs of authorized signatory
CORPORATION	1. Articles of Incorporation 2. Certificate of Registration with Securities and Exchange Commission 3. Corporate By-Laws 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to deposit, withdraw, endorse or negotiate checks and other deal with the bank deposit and the nature and extent of such authority which should inform the By-Laws of said corporation c. Notarized List of incumbent Officers, Board of Directors and Stockholders d. Two valid IDs of authorized signatory/ies and Corporate Secretary e. Certificate of filing of By-Laws with SEC f. Certificate of registration with appropriate agency
ASSOCIATION OR ORGANIZATION	1. Certificate of registration with appropriate agency 2. Constitution and By-Laws 3. Association Agreement 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
CORPORATION IN THE PROCESS OF INCORPORATION	1. Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust authorized to open an account with the Bank in behalf of the Corporation 2. Duly notarized Secretary’s Certificate 3. Duly notarized Treasurer’s Affidavit 4. Two valid IDs of authorized signatory/ies
GOVERNMENT ENTITIES	1. Charter and/or Law creating the government corporation/agency/office 2. Executive Order or Department Order creating the government agency 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
COOPERATIVES	1. Certificate of Registration with the Cooperative Development Authority 2. Articles of Cooperation and By-Laws 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LANDBANK b. Designated Officers authorized to sign and the nature and extent of such authority

Chinese Yuan Time Deposit Account (*initially available in Binondo Branch)

A specific amount of funds in yuan 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.

FEATURES

a. Initial Deposit Requirement	CNY 2,500
b. Minimum Term	30 days
c. Maximum Term	364 days
d. Pre-termination Rate	Prevailing CNY savings rate
e. Minimum Holding Period     (before withdrawals are allowed)	Fifteen (15) calendar days from date of deposit
f. Required Notice for Withdrawals	Five (5) banking days
g. Documentation	Certificate of Time Deposit

BASIC REQUIREMENTS

INDIVIDUALS	1. At least 2 valid IDs* 2. 1 x 1 ID picture 3. TIN must be presented *Valid IDs include 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 and Industry 2. City/Municipal Mayor’s Permit 3. Application of Renewal of City/Municipal Mayor’s Permit/Old Registration 4. Two valid IDs of authorized signatory/ies
PARTNERSHIP	1. Articles of Partnership 2. Certification of Registration with Securities and Exchange Commission (SEC) 3. Duly notarized Agreement on the extent of authority of each partner 4. Two valid IDs of authorized signatory
CORPORATION	1. Articles of Incorporation 2. Certificate of Registration with Securities and Exchange Commission 3. Corporate By-Laws 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to deposit, withdraw, endorse or negotiate checks and other deal with the bank deposit and the nature and extent of such authority which should inform the By-Laws of said corporation c. Notarized List of incumbent Officers, Board of Directors and Stockholders d. Two valid IDs of authorized signatory/ies and Corporate Secretary e. Certificate of filing of By-Laws with SEC f. Certificate of registration with appropriate agency
ASSOCIATION OR ORGANIZATION	1. Certificate of registration with appropriate agency 2. Constitution and By-Laws 3. Association Agreement 4. Duly notarized Board Resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
CORPORATION IN THE PROCESS OF INCORPORATION	1. Proposed Articles of Incorporation stating therein the name of Treasurer-in-Trust authorized to open an account with the Bank in behalf of the Corporation 2. Duly notarized Secretary’s Certificate 3. Duly notarized Treasurer’s Affidavit 4. Two valid IDs of authorized signatory/ies
GOVERNMENT ENTITIES	1. Charter and/or Law creating the government corporation/agency/office 2. Executive Order or Department Order creating the government agency 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LBP b. Designated Officers authorized to sign and the nature and extent of such authority
COOPERATIVES	1. Certificate of Registration with the Cooperative Development Authority 2. Articles of Cooperation and By-Laws 3. Duly notarized Board resolution incorporating the following: a. Authority to open bank account with LANDBANK b. Designated Officers authorized to sign and the nature and extent of such authority

What are the steps to open an account?

The steps below are for individual application only. This is based on my experience as a LANDBANK card holder. You can ask the personnel from account section for details on how applying for other types of account.

STEPS:

1.     Proceeds to the New Accounts Counter and informs the New Account Clerk of your intention to open an account.

2.     Submits IDs and required documents. Fill out the Customer Information Sheet and Specimen Signature Card (CISSC) and Specimen Signature Card (SSC).

3.     New Account Clerk process the opening of the account.

4.     Fill out Deposit Slip and give the initial deposit to the New Account Clerk.

5.     New Account Clerk accepts and posts the initial deposit.

6.     New Account Clerk releases your deposit documentation.

What if I lost my ATM or Passbook?

In case of lost ATM cards or Passbook, inform your Landbank branch immediately so that your card will be cancelled for possible transaction that may occur in your account. Bring identification card to satisfy your bankers that they are dealing with the right owner of the atm or passbook. In this case, you will be provided with new card for your continuing transaction with the bank.