🔒 Closed Landbank launches savings account with one-peso minimum deposit

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INTRODUCTION :
STATE-run Land Bank of the Philippines (LANDBANK) has rolled out its "Perang Inimpok Savings Option" or Piso account, a new product to help bring more unbanked and underserved Filipinos into the country’s formal banking system.

The bank targets students, public utility vehicle drivers, vendors, household helpers, farmers, and fishers.

Through the Piso account, interested customers can open a Landbank deposit account with only P1 as minimum initial deposit and up to a maximum of P50,000 account balance.

The depositor is only required to submit one valid identification card or any barangay certification, clearance, or ID for verification.
 
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