A Peso savings account for OF or OFW Beneficiaries who are 18 years old and above that allows funds transfer to any OFBank or LANDBANK ATM accounts free of charge.
Features:
• No minimum initial deposit
• No maintaining balance
• Interest-bearing Peso savings account
• Transfer funds to any OFBank or LANDBANK ATM accounts free of charge
• Send remittance via Visa Direct through Visa partners abroad
• Transfer to and receive funds from other local banks’ accounts via InstaPay and PESONet with corresponding sending fees, as applicable.
• Pay bills to online merchants accredited by LANDBANK and/or Visa
• Purchase to online merchants accredited by Visa
• Pay cashless through Visa and BancNet Point-of-Sale (POS) terminals in business establishments
• Withdraw cash through local and international ATMs, POS Cash-out accepting Visa card, or over-the-counter in any LANDBANK branch
Eligibility Requirements
Fees and Charges
| Service Charge for falling below the minimum ADB | P0.00 | |
| Required Daily Balance to earn interest | P500.00 | |
| Interest rate (per annum) | [effective 31 October 2023] Per deposit size: 1.0 % : P0.01 - P20,000.00 2.0 % : P20,000.01 - P100,000.00 3.0% : P100,000.01 - P500,000.00 4.0% : P500,000.01 and above | |
| Maximum ATM withdrawal | P50,000.00 (per day) | |
| Interbank Transfer fee via InstaPay | P15.00 (per transaction) | |
| Dormancy fee | P0.00 | |
| PDIC Insurance | P500,000.00 (maximum deposit insurance per depositor) |
