Foundation and Subsidiaries
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.This dual function makes LANDBANK unique. The profits derived from its commercial banking operations are used to finance the Bank's developmental programs and initiatives.Over the years, LANDBANK has successfully managed this tough balancing act as evidenced by the continued expansion of its loan portfolio in favor of its priority sectors: the small farmers and fishers, a good part of which are agrarian reform beneficiaries; micro and SMEs; agri- and aqua-projects of local government units and government-owned and controlled corporations; communications, transportation, housing, education, health care, environment-related projects, tourism, and utilities.LANDBANK is by far the largest formal credit institution in the rural areas. It also ranks among the top five commercial banks in the country in terms of deposits, assets and loans.
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FAQs
The LandBank of the Philippines (LandBank) is a financial institution wholly owned by the Government of the Philippines. It aims to strike a balance in fulfilling its social mandate of promoting countryside development while remaining financially viable.
What is the function of the landbank of the Philippines? ›
Alongside its roles as financial intermediary of the NG for the Comprehensive Agrarian Reform Program, and as its official depository bank, LANDBANK also serves as the distribution arm of the government's various Social Protection Programs.
Can LANDBANK receive money from abroad? ›
Usually people sending money from overseas to a LandBank account in the Philippines will set up the transfer through their home bank. It will be processed through the SWIFT network before being deposited in your account in the Philippines.
Can I check my LANDBANK savings account online? ›
Yes, you may access your accounts and perform the foregoing transactions anywhere, provided you are enrolled in the LANDBANK iAccess.
How much is maintaining balance in landbank? ›
Institutional
| Features | Individual | Institutional |
|---|
| Minimum Initial Deposit | P10,000 | P10,000 |
| Required Minimum Monthly ADB | P10,000 | P10,000 |
| Required Daily Balance to Earn Interest | P10,000 | P10,000 |
| Interest Rate (per annum) | 0.05% Effectivity Date: August 1, 2020 | 0.05% Effectivity Date: August 1, 2020 |
6 more rowsLand Bank of the Philippines (LBP; often referred to simply as LandBank), is a government-owned bank in the Philippines with a special focus on serving the needs of farmers and fishermen.
What are the services of Land Bank of the Philippines? ›
Land Bank of the Philippines operates as a bank. The Bank provides saving account, loans, debit cards, investments, online banking, and other related products and services. Land Bank of the Philippines serves customers worldwide.
How many branches of LandBank are there in the Philippines? ›
As of 30 June 2023, LANDBANK has 606 branches and branch-lite units, 58 lending centers, 2,951 automated teller machines (ATMs), 226 cash deposit machines (CDMs), and 1,785 Agent Banking Partner POS cash-out terminals.
Can I use my LANDBANK debit card internationally? ›
The card can be used at over 40 million merchants and over two million ATMs worldwide where the Visa logo is displayed. Our LANDBANK Visa Debit Card provides real advantage over the standard ATM card for everyday purchases and lots more. Use your own money linked to your deposit account wherever you are.
How much money can you transfer daily with LANDBANK? ›
LANDBANK clients can transfer up to P50,000.00 per transaction via Instapay, and now as much as P100,000.00 in total per day. The state-run Bank recently reduced its transaction rate for fund transfer via InstaPay from P25 to P15 starting from 15 June 2023.
The Overseas Filipino Bank (OFBank), a digital-only and first branchless government Bank, is a wholly-owned subsidiary of Land Bank of the Philippines (LANDBANK).
Can I open LANDBANK account online without going to the bank? ›
Account opening and updating now made easier and faster through the improved LANDBANK Digital Onboarding System (DOBS). DOBS offers a convenient way to apply for a LANDBANK deposit account right at your fingertips!
How can I deposit money in LANDBANK? ›
- DIRECT BANK DEPOSIT THRU LANDBANK.
- ONLINE BANK TRANSFER THRU LANDBANK VIA PESONET.
- PAYMENT USING LANDBANK LINKBIZ.
LANDBANK Products and Services
- Deposits. Help you manage and access your hard-earned money anytime. ...
- Loans. Help you meet your financial needs in agribusiness. ...
- Cards. Convenient and safe access to your money – at home and overseas. ...
- Digital Banking. ...
- Treasury. ...
- Trust Banking. ...
- Remittance.
Go to any LBP branch for deposit and Fill up the deposit slip. 2. Sign in or Login to your online banking account. 3.
What are the requirements in opening an account in Landbank? ›
How To Open A Landbank Account?
- Two pieces 1x1 picture (not scanned or photocopied).
- BIR Tax Identification Number (TIN).
- Proof of Billing/Mails Received/Barangay Clearance.
- Photocopy of two valid IDs, not expired and bears signature. ...
- Initial Deposit:
