Landbank Requirements 1bv

ATM Savings – www.landbank.com

As I said earlier, there are some documents you should to the bank when you are An interest bearing peso savings wherein deposits transactions are done over applying for a new bank . It is mandatory for all the banks to get information the counter or thru cash deposit machine (CMD), while withdrawal transactions are done about their customers as required by Anti-Money Laundering Law. So if you don’t have via Automated Teller Machines (ATM) 24 hours a day, seven days a week. Deposit and still these requirements, you must get it first before going to the bank where you want withdrawal transactions may also be done over-the-counter but only during official to apply. banking hours/days. ATM withdrawals may also be made at any Expressnet, Megalink1. First of all, you should have at least two valid ID. When I say valid, it should be current and you are still using it. It must not be expired or damaged. As much as possible, and Bancnet ATMs. Hassle-free and cashless purchases may also be done through any your name and picture is indicated on the ID. The most common examples of ID you Point-of-Sale (POS) terminal from partner merchants across the country. can use for opening an are SSS ID, school ID, Driver’s license, Postal ID, FEATURES Company ID, NBI Clearance, port, Senior Citizen card and any government-issued Minimum Initial Deposit Requirement P 500 ID. Required Minimum Monthly ADB P 500 2. Make sure to bring at least one proof of billing such as Meralco bill, water utility bill, Required Daily Balance to Earn Interest P 500 credit card bill, telephone or cell phone bill or any kind of billing statement you have. Interest Rate (per annum) .250% p.a. Even though you do not own the bill, you can still use it as long as you are living in Maximum Withdrawable Amount / Day P 50,000 that house. Documentation ATM Card 3. Make at least two photocopies for each ID and billing statement. Only photocopies will Point-of-Sale (POS) - Cashless Payments per day P 100,000 be get from you not the original copy but you still need to bring it for verification. Service Fee for Falling Below the Required Minimum ADB P200/month 4. For foreigners living in the Philippines which are not a Filipino citizen, you should have Closing fee (within one month from opening date) P200 your Alien Certificate of Registration, port and proof of billing as requirements for BASIC REQUIREMENTS bank application. Individuals, Local 5. Prepare the initial deposit of your . Usually, you can open a new savings 1. Presentation of at least one (1) original valid photo-bearing ID for as low as P500 for ATM without book. If you want to have a book Notes: and an ATM card, the normal initial deposit for that is P10, 000.  When necessary, branches shall require secondary proof of identification (e.g., billing statement of utilities or major credit cards in the name of the customer).  Identifying documents shall be signed by the customer. How to Apply for LandBank ATM Card?  SSC of referred customer shall be signed by the endorsing officer/employee of the Bank Like any major banks in the Philippines, you can get an ATM card from LandBank if you secure or prepare the needed requirements first. Without these requirements, LandBank or valued customer.  The BH/BOO/BSO[1] who shall approve the opening of the deposit may, at his will deny or will not accept your ATM application. Save your time and money by discretion, confirm the same with the referring officer/employee or valued depositor following the steps below in applying a LandBank ATM card: Step 1 of the Bank. Prepare and bring the needed requirements: 2. Two (2) recent ID photos (to be attached to CISSC/LOCIS and SSC) 3. Students who are beneficiaries of remittances/fund transfers and are not yet of voting1. At least two (2) valid id's. Either 1 photo-bearing ID and 1 non photo-bearing ID or both 2 photo-bearing ID's. age may be allowed to present the original school ID duly signed by the Principal or Examples of photo-bearing id's which are accepted are: head of the school and submit a clear photocopy of the same. Driver's License 4. Whenever necessary, the Branch may accept other IDs, provided that it shall not be the School/Student's ID sole means of identification. Company/Office ID 5. In case the identification documents mentioned above or other identification documents Postal ID acceptable to the Bank do not bear any photo of the customer or authorized Voter's ID signatory, or the photo-bearing ID or a photocopy thereof does not clearly show the Social Security System (SSS ID) face of the customer or authorized signatory, the Branch may utilize own technology Government Service Insurance System (GSIS ID) to take the photo of the customer or authorized signatory Tax Identification Number (TIN ID) 6. Birth certificate of the child in case of parents opening an in behalf of their child port Notes: Seaman's Book  The Branch shall retain a photocopy of the same duly authenticated by the NAC OFW ID  The parent(s) shall still be identified in accordance with the requirements Overseas Worker's Welfare istration (OWWA) ID Professional Regulation Commission (PRC ID) Bank Requirements in the Philippines Philippine Overseas Employment Association (POEA) ID For first-time customers in applying bank , it sometimes difficult to get Consular ID information on what documents should bring and submit to the bank. Commonly, most PhilHealth ID people resort to the Internet to know and learn which documents they should bring and Alien Certificate of Registration (ACR I-Card) - for foreigners/non-Filipinos what are the procedures to follow. Permit to Carry Firearms In order to address this issue, I created this article to help you prepare when you want Armed Forces of the Philippines (AFP) ID to apply for a bank , particularly savings . In general, it is not Home Development Mutual Fund (HMDF) or PAG-IBIG ID complicated to open a new ; it is only our lack of knowledge that makes thing Department of Social Welfare and Development (DSWD) ID difficult. PRA Special Resident Retiree Visa (SRRV) ID Requirements to Submit when Opening a Bank Senior Citizen's ID

Unified Multi-Purpose ID (UMID) Police Clearance National Bureau of Investigation or NBI Clearance other government-issued ID's... Examples of non photo-bearing valid ID's: National Statistics Office or NSO Birth Certificate Marriage Certificate (NSO Authenticated) Baranggay Clearance/Certificate (Certificate of Residency) 2. Two pieces 1" x 1" ID picture. Recent and formal ID picture is recommended. 3. Initial deposit (Php 500). But you can deposit more than this. 4. Tax Identification Number (TIN), if employed. 5. Proof of Billing Tip: Photocopy the valid id's you want to bring. You can make 2 or 3 copies each. Those extra copies can still be used for your future need whenever you apply for another valid id or when you do other financial, banking or business transactions. For security and safety purposes, you can keep this requirements inside a plastic folder or envelope. Step 2 After securing the needed requirements, you can now go to your preferred LandBank branch. Inside the bank, go to the "New " section. If you don't know where the "New " section is, just ask the security guard or any bank officer where to open a new . The bank officer will gladly respond to your concern. Step 3 The bank officer will process your application. Get the requirements and be prepared to fill-out an application form and some documents. After filling-out and g-in the documents, give your initial deposit. You will then be given a deposit slip or a claim stub. Claiming the LandBank ATM Card You can claim your ATM card right away on the day you open an ATM . The LandBank employee will process the printing of the details of your ATM Card ( name, number, card number). Those information will be printed thru their Card Printer Machine. Frequently Asked Questions?  How much is the maintaining balance of the LandBank ATM Card? Php 500  How much is the service fee/charge for falling below the required maintaining balance? Php 200 per month  How much is the interest rate that the ATM can earn? .250% per year  How much can is the maximum amount that can be withdrawn in a day? Php 50,000  How much is the maximum amount of Express Payment System (EPS) transaction can be done in a day? Php 100,000  I'm a foreigner or non-Filipino, what are the requirements? You can bring your Alien Certificate of Registration (ACR-Card), birth certificate, your port, driver's license, barangay certificate or any other valid id's.  Is there a charge or a fee when I close my ? Yes. When you close your ATM within 30 days from date of opening, you will be charged with Php 200.  What if I didn't deposit or I didn't withdraw in my ATM in two years? What will happen to my ATM? Your ATM will become dormant and you will be charged with a dormant fee of Php 200 per month.  What if I lost my ATM card? How much is the replacement fee? Replacement fee is Php 50.

How To Open A Landbank ? Land Bank of the Philippines, initialed LBP and also known as LANDBANK is a government-owned bank which primarily caters for the banking needs of fishermen and farmers in the country. It competes with the biggest banks in the island like Bank of the Philippine Islands (BPI), Banco de Oro (BDO), Metrobank, and Philippine National Bank (PNB). In the rurals, it either complements or competes with the rural banks.

I have opened my Landbank just last month and feel happy about it. I read that withdrawing money from Paypal to Landbank is much cheaper since Landbank charges PHP50 only per transaction. I went to the nearby Landbank branch and asked for the requirements and the new s clerk gave me this small paper that lists the necessary things I should prepare: 1. Two pieces 1x1 picture (not scanned or photocopied). 2. BIR Tax Identification Number (TIN). 3. Proof of Billing/Mails Received/Barangay Clearance. 4. Photocopy of two valid IDs, not expired and bears signature. Example of IDs include SSS, port, postal, senior citizen, school ID, PRC, GSIS ecard, Driver's License, company ID, police clearance, and seaman's book. 5. Initial Deposit: ATM : 500.00 Pension : 100.00 Payroll/HDMF : 100.00 Regular book: 10 000.00 EASY Savings plus : 20 000.00 Current : 5 000.00 Upon returning the next time, I readied myself with my pictures, TIN number, proof of billing, and 2 valid IDs. I needed to supply a copy of my marriage contract since I still carry my maiden name in my IDs. After submitting this to the New s Clerk, she examined my requirements and gave me some paper to fill in my necessary information which included providing my 3 specimen signatures and thumb marks. Then, I waited for almost 30 minutes and my name was called, I was asked to key in my 4 digit pin code in the computer. I gave my 500 bill for opening the ATM and after 15 minutes, I got my very own ATM card for LANDBANK.

How to Apply for Savings Basically, applying for a savings is not that hard. You only have to be patient when going directly to the bank. There are several requirements you should obtain prior going to the branch where you want to open an . The requirements you must have are one valid photo-bearing ID, proof of billing, 1”x1” picture and money for initial deposit. If you have the requirements mentioned above, you are definitely ready getting a savings . Go to the nearest branch of Land Bank in your area. When you arrived at the bank, you should ask the guard where you can open a new savings . He will tell the counter where you should go. Then, ask the bank employee that you want to open a new . She will give you application forms and signature cards that you need to fill out completely. After finishing the forms, you have to submit these forms together with the photocopy of your ID, proof of billing, picture ID and the money. It will be checked and verified by the employee for correctness and authenticity. If there are no problems with your forms, it will be approved easily and you can get your ATM or book after 3-5 banking days. You can confirm this to the employee assisting you so you’re sure when you will return to the bank. Date Issued: 05.20.2008 Number: 608 CIRCULAR NO. 608 Series of 2008

Subject : Valid Transactions

Identification

Cards

(IDs)

for

Financial

Pursuant to Monetary Board Resolution No. 553 dated 8 May 2008, the provisions of Circular No. 564 dated 3 April 2007 on the guidelines governing the acceptance of valid identification cards for all types of financial transactions by banks and non-banks financial institutions under BSP supervision, including financial transactions involving

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overseas Filipino workers (OFWs), in order to promote access of Filipinos to services offered by formal financial institutions, particularly those residing in the remote areas, as well as to encourage and facilitate remittances of OFWs through the banking system, are hereby amended to read as follows: a) Clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a CLEAR copy of at least ONE (1) valid photo-bearing identification document issued by an official authority. FOR THIS PURPOSE, THE TERM “OFFICIAL AUTHORITY” SHALL REFER TO ANY OF THE FOLLOWING: (i) GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES; (ii) ITS POLITICAL SUBDIVISIONS AND INSTRUMENTALITIES; (iii) GOVERNMENT-OWNED AND/OR CONTROLLED CORPORATIONS (GOCCs); AND (iv) PRIVATE ENTITIES OR INSTITUTIONS ED WITH OR SUPERVISED OR REGULATED EITHER BY THE BANGKO SENTRAL NG PILIPINAS (BSP) OR SECURITIES AND EXCHANGE COMMISSION (SEC) OR INSURANCE COMMISSION (IC). Valid IDs include the following: port Driver’s License Professional Regulation Commission (PRC) ID National Bureau of Investigation (NBI) Clearance Police Clearance Postal ID Voter’s ID Barangay Certification Government Service Insurance System (GSIS) e-Card Social Security System (SSS) Card Senior Citizen Card Overseas Workers Welfare istration (OWWA) ID OFW ID Seaman’s Book Alien Certification of Registration/Immigrant Certificate of Registration Government Office and GOCC ID, e.g. Armed forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID) Certification from the National Council for the Welfare of Disabled Persons (NCWDP) Department of Social Welfare and Development (DSWD) Certification Integrate Bar of the Philippines ID Company IDs issued by private entities or institutions ed wit or supervised or regulated either by the BSP, SEC or IC b) Students who are beneficiaries of REMITTANCES/FUND TRANSFERS who are not yet of voting age may be allowed to present THE ORIGINAL AND SUBMIT A CLEAR COPY OF ONE (1) VALID photo-bearing school ID duly signed by the principal or head of the school. c) Banks and non-bank financial institutions under BSP supervision shall require their clients to submit clear copy of the ONE (1) valid ID on a one-time basis only, or at the commencement of a business relationship. They shall require their clients to submit an updated photo and other relevant information whenever the need for it arises. THE FOREGOING SHALL BE IN ADDITION TO THE CUSTOMER IDENTIFICATION REQUIREMENTS UNDER RULE 9.1.C OF THE REVISED IMPLEMENTING RULES AND REGULATIONS (RIRRS) OF R.A. NO. 9160, OTHERWISE KNOWN AS THE “ANTI-MONEY LAUNDERING ACT OF 2001”, AS AMENDED.

For purposes of this Circular, financial transactions may include remittances, among others, as falling under the definition of transaction. Under the Anti-Money Laundering Act of 2001, as amended, a financial transaction is “any act establishing any right or obligation or giving rise to any contractual or legal relationship between the parties thereto. It also includes any movement of funds by any means with a covered institution.” This Circular shall take effect fifteen (15) days following its publication either in the Official Gazette or in a newspaper of general circulation. FOR THE MONETARY BOARD: AMANDO M. TETANGCO, JR. Governor

Top 31 Valid ID's Required in the Philippines 1. Driver's License 2. Postal ID 3. Social Security System ID (SSS ID) 4. Government Service Insurance System (GSIS ID) 5. Tax Identification Number (TIN ID) 6. Professional Regulation Commission ID (PRC ID) 7. National Statistics Office (NSO) Birth Certificate 8. Marriage Certificate (NSO Authenticated) 9. National Bureau of Investigation (NBI) Clearance 10. Police Clearance 11. Barangay Clearance/Certificate 12. Senior Citizen's ID Card 13. PhilHealth Identification Card (PIC) 14. Alien Certificate of Registration (ACR I-Card) 15. Consular ID 16. Permit to Carry Firearms 17. port 18. Company/Office ID 19. Student's ID or School ID 20. OFW ID 21. Seaman's Book 22. Armed Forces of the Philippines (AFP) ID 23. Home Development Mutual Fund (HMDF) or PAG-IBIG ID 24. Philippine Overseas Employment Association (POEA) ID 25. Certification from the National Council for the Welfare of Disabled Persons (NCWDP) 26. PRA Special Resident Retiree Visa (SRRV) ID 27. Department of Social Welfare and Development (DSWD) ID 28. Overseas Worker's Welfare istration (OWWA) ID 29. Unified Multi-Purpose ID (UMID) 30. Philippine National Police (PNP) ID 31. Voter's ID These valid ID's are in compliance with the Bangko Sentral Ng Pilipinas (BSP), circular 564. Clients who engage in a financial transaction with the covered institutions for the first time shall be required to present the original and submit a copy of at least two valid photo-bearing identification documents issued and signed by an official authority.