Landbank is one of the most visited and famous local bank here in the Philippines. It is also the official depository bank of the Republic of the Philippines. They offer various opportunities to investors and Filipino who want to save and invest their money.
They also offer various loans and investment opportunity to our fellow Filipino farmers and other small and medium enterprises. Additionally, any individual can open a regular savings account in Landbank for their savings or emergency fund.
If you’re planning to open savings account in Landbank, this short article might provide some basic information you need. Knowing these information before you visit the bank can save you time and effort.
Landbank savings account requirements
- 2 valid ID
- 1×1 ID picture
- TIN number or TIN ID
- Proof of billing
- TIN number (in earlier part of 2016, almost all establishments doing financial transactions ask to require TIN numbers from their clients/customers)
These requirements apply to ATM and Passbook savings account in Landbank.
Landbank ATM Savings account
Initial Deposit requirement: P500
Required balance to earn interest: P500
Interest rate: .250% p.a.
Maximum withdrawal amount per day: P50,000
Documentation: ATM card
Landbank Passbook Savings account
Initial Deposit requirement: P10,000
Required balance to earn interest: P10,000
Interest rate: .250% p.a.
Procedures in opening savings account in Landbank
1. Once you’re decided what type of savings account in Landbank you’re going to open(ATM or Passbook), visit the nearest Landbank branch in your area.
Make sure you bring the requirements mentioned above.
2. Go to the new account section and advise the bank teller that you’re going to open a savings account. They will provide you the application form. Fill up the form and complete all the information.
Make sure you double check everything before submitting it to the teller.
3. Once done, submit the completed application form together with the requirements and the initial deposit (P500 for ATM and P10,000 for Passbook).
4. The bank teller will check and verify the application form and the information.
They will process the application and encode on their system.
5. The bank teller will give you the receipt or confirmation slip and will advise when you can claim your passbook. For Landbank ATM savings account, it can be release with in the same day after your application depending on the branch.
You may also like.
- Comparison of Savings account in the Philippines
- Comparison of Time deposit account in the Philippines
That’s it! You now have your savings account in Landbank. You can now start saving money for your emergency fund or other financial goals.
If your goal is to grow your money, savings account may not be the best tool to use. You can check investing in mutual funds or investing in UITF.
Just to share, we open a BDO UITF online and start investing for our dream house.
Always remember that it’s not how much money you make but rather how much money you save and invest that can help you be financially free.
To our success, cheers!
Proof of billing is also needed,
Christina Sacopon says
I tried to ask to a security guard in landbank, he said that if the proof of billing is not under your name or not the same with your address you should provide a barangay certificates proof of your residency..
What is the purpose of Prof of Billing?
I want to open ATM Savings account and the Landbank requires a TIN no. The bank does not give endorsement to BIR for TIN. What should I do?
Get the requirements needed or try with other banks. Thanks!
Anne Grajo says
I want to open a savings bank, I am new to this business. How much is the interest rate (in peso per 500)? Is it possible that after a year I can transfer the savings into a time deposit account?
Hi Anne, thanks for visiting the blog. You can check our comparison of savings account in the Philippines.
Is that 1 piece 1 X 1 ID picture?
I wanna ask..if what are the specific valid id’s needed to open account plz?
Hi Sir Billy!!! Can i link my landbank account to paypal? Thanks for answering.
Can a student (18 yrs old) open an atm account.. I dont have that TIN number and I only have 1 valid ID
Allen James Bermejo says
Hi. I and my father are planning to apply for a joint savings account. We already have the requirements but our problem is that I am here in Manila and he is in Cagayan. Can we apply separately or either one of us can apply?
Nope, you both need to be there to open a joint account. Thanks!
Kuya bill pg open account pwedi po ba yung AtM lng na 500 diposit? Or need tlga 10k for passbook?
Grace Reatiraza says
Hi sir billy! How can i verify my account if it still active? I want to make a deposit to my account but im not sure if its still active.its atm savings acct and i left it with 400 in it before i left manila.thank you!
The best way is to check it with the landbank ATM machine or the bank itself. Thanks!
lyn lee mae says
what if i have only one valid picture, what i will do ?
Then you need to produce one. Thanks!
Maricel Ocasion says
Hi sir if sakaling may ATM na po ako,pwede po ba maghulog sa Western Union direct to may ATM Landbank?papasok po ba eto?kahit dito me sa ibang bansa?thanks!
Yes po. Any remittance center that are partner with Landbank can do. Thanks!
Maricel Ocasion says
Hi Sir,if for example if I have now my ATM,can I send money through Western Union here in LEBANON,direct to my ATM LANDBANK,so I can save directly my money.thank you,Sir!Have a nice day
hi sir. pde po bang sa UAE LAND BANK ung nag open. and pwede po ba akong mag deposit sa accnt nya.. tnx sir..
Hi Sir. Tanong ko lang po kung required pa talagang kumuha ang tulad kong estudyante ng TIN sa BIR para makapagbukas ng ATM Savings Account?
Hi. Ask ko lang po. May account ako sa landbank and now mag two years napo diko nahulogan dito ako sa brazil. May possibilty ba maging dormant yung account ko? Thanks po!!
Hi Argie, as long as the money in your account is greater than their maintaining balance, it is still active. Thanks!
Can a student may open for savings account without a tin no.?
Hi Sir.. Do you considering a PhilHealth Id?
What kind of ID’s is needed as a requirement?
Hi sir billy pwedi paano pag dika nakapag deposite ng ilabg buwan may penalty po ba ito kahit may maintaining balance kapa sa atm mo?? Ty
Geo Jm says
Hi, good day po… Kapag mag open account po ba through passbook ay di ka makapagwidraw ng pera through atm machine but by teller lang po ba talaga? Maraming salamat po…
Clara paule says
Hi poh…optional lang poh bah ang tin no. O id na requirement..tska kahit hindi ka po bah businessman pwdeng magbukas ng account..empleyado po kasi ako sa isang compant tnx po..
If passbook only yes you cannot withdraw via atm. Thanks!
Sir my anak po aq n grade 7 gsto nya mgopen ng accnt s land bank pwed po b cia un s atm at kng pwed cia anu po req.
Gladys Niculae says
LandBank Dasmariñas asked me for my salary bank details. I said I am an OFW and leaving for abroad soon and that I am married to a foreigner. They ask me so many things even if I presented them my NSO marriage certificate, valid IDs, proof of billing, pictures, they asked me for my passport which is at the embassy for visa stamping, they asked for my husband’s ID. I feel indignant coz I’ve been there twice and I am 3months pregnant… How inconsiderate!
hello po sir.. dati na po akong customer ng landbank pero inactive na po ang atm accnt ko, gusto ko po sana kumuha ng passbook accnt, possible po ba yun lalo na dito po ako abroad at kung parent ko yung kukuha, wala na bo bang ibang hihinging requirements?
Janrey Drona says
Im only 12 yrs.old and i want to save money. But the problem is our school is not already issuing us our school i.d., Can i only present my Birth Certificate as a requirments for me to open an account to Landbank. Hoping for an answer asap.Sorry for my english. Thank you
You need to have a companion of your guardian Janrey. THanks!
hi sir i am a student… can i open an account without tin number?
Hi Sir Billy, May US savings account na ako sa landbank. Gusto ko naman mag open ng peso savings account ung ATM lang. Possible ba un under my name also?
Hi! I am employed but dont want to open a payroll account..just a personal account. Is that allowed?
Hi. Kng my papasok ba na malaking halaga sa account mo galing ibang bansa makuquestion ka po ba ng banko? At pag atm lang magkano ang maximum amount na pwding ideposit.
whatis the differenceof current account and savings account sir?
Anne Torres says
Pano po kapag hindi nakapangalan sa akin ung proof of billing? Ano po ang kailangan?
Makoko close po ba ang savings acct. Kung less than 500 pesos n ang laman?ang acct ko po e Yong 500pesos ang initial deposit
hassle pala ng landbank. Iat first I really though eto lang ang requirements which is eto rin ang nilagay nila sa table ng new accounts department. It says they only need at least 1 valid ID, 2pc 1×1 ID. dinagdag ko na rin yung TIN which i know is necessary nowadays in any bank. But nung sinabi ko na magoopen ako ng account, i told him for payroll sana. because yung company na pinapasukan ko require us to have a Landbank ATM. Sabi nung incharge sa new account, kelangan pa daw ng endorsement paper from the company Im in. I asked her if wala na bang ibang way, kasi yhung company namin is malayo pa, and kapag bumalik pa ako dun, di na ako aabot. Also eto lang ang vacant day ko. Kasi hanggang 2pm lang ang cut off ng new accounts nila and my work is until 5pm talaga. Sabi niya wala daw ibang way. I also asked her if how about personal account nalang ang kunin ko instead of payroll. Nag ask din sila if may magpapadala ba sa kin. Sabi ko oo, kaya nga ako mag oopen ng account diba. Tapos kelangan na naman ng remittance na paper..(hassle talaga). I remember na meron akong endorsement paper but address yun sa BIR nung nagkuha ako ng TIN. Binalikan ko pa talaga yun sa bahay namin. Pagbalik ko sa bank, i asked the incharge again, if pwede ba yung endorsement na yun. Sabi niya oo. pwede na daw yun kasi meron daw nakalagay na name ko. I though kelangan lang yun for proof na connected talaga ako sa company na yun. So after she confirmed na ok yun, i waited for my number to be called. nka dalawang oras na kami sa kahihintay, And i noticed na wala na dun sa table ang girl. still, hinabaan ko yung pasensya ko kahit gustong gusto ko nang lumabas. Naisip ko sayang naman ang time na nahintay ko if lalabas lang ako. Marami din nka pending na number after me. mga Isang oras nawala yung girl. Gusto ko sana magtanong sa isang employee dun kaso medyo busy din sya kaya hindi ako nagkaroon ng chance magtanong. After 2 hours mahigit, may ibang babae na nagpatuloy sa work dun sa table nga new accounts. when she called my number, i told her that i need to open an account na payroll type. Pinakita ko yung endorsement. Tapos sabi niya hindi da pwede yun. Kasi hindi daw nka address sa kanila.. Sabi ko naman, na sabi ng girl dito kanina ok na daw eto. bakit ngayon hindi na pwede? Kaya nga ako nag tanong una para di ko kelangan maghintay sa wala. Pero wala parin siya ginawa. sabi niya hindi daw talaga pwede. And she added, hindi rin daw naman nila ma pa process yun kasi sira daw system nila. So pinaghintay lang kami dahil sira yung system nila? sana naginform naman sila para di masayang oras ng mga tao. Sobrang hassle talaga. Sana nilagay nalang nila sa list of requirements yung mga kelangan talaga. para ma prepare na before pa kami mag aksaya ng panahon maghintay sa number namin. wala din pala mapapala. I already had experienced other banks and hindi ganito ka hassle. At clear magbigay ng instructions at requirements. Like BPI, eastwest, and rural banks… Honestly, Landbank sucks!
I agree, hindi cla ngbibigay ng requirements needed ng isahan lang. Pati questions hindi nila madirect ng oo at hindi ang customers. Also sa encashment of cheque ang hirap nilang kausap. Ang gsto nila mag open k ng savings account saknila tpos dun nila ipapasok.
Jimuel Gabon says
Panu kung student kailangan pa ba ng Tin ?
good day maam sir,,ask ko lng po kung mag open aq ng account sa landbank pero wla po aq TIN at proof of billing dhil need p po ng endorsement para mkakuha ng tin no.,,,
Airam Siao says
good day, can i open an account with ATM and PASSBOOK? or should i choose between them?..thank you..
Dwyne jhae says
Hi sir billy magandang araw sayo.
Gusto ko pong mag open ng savings bank account. Meron akong voters id at philhealth id valid na ba yun ? At ang proof of billing ay hndi saakin nakapangalan paano po yan ? At nakalimutan ko na rin ang tin number ko.