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.
Overseas Filipino ATM Account
Card-based type of Savings Account intended primarily for Overseas Filipinos and their beneficiaries. Opening amount and maintaining balance is only Php 100.00.
Issued in two forms: generic and personal. The generic card is issued by LBP Overseas Officers and other ORG designated personnel upon application while the personal cards are issued by LANDBANK branches with the account holder’s name embossed on the card.
OFW Passbook Account
Passbook-based Savings Account available at LBP Branches. It can be opened by the Overseas Filipino or his/her designated beneficiary.
Opening amount is Php 100.00 but the Average Daily Balance (ADB) required is Php 5,000.00.
US Dollar Passbook Account
Passbook-based USD Savings Account available at LBP Branches. It can be opened by the Overseas Filipino or his/her designated beneficiary.
Opening amount is USD 10.00 but the Average Daily Balance (ADB) required is USD 10.00. To earn interest, ADB required is USD 500.00. Deposit to this account is represented in US Dollars and other currencies are not accepted.
LANDBANK Remittance Service (thru Remittance Partners)
- Direct Credit to LANDBANK accounts (CA/SA)
- Credit to other banks account (through PESONet)
- Cash pick-up via any LANDBANK branch
- Cash pick-up via Partner Paying Agents (Palawan Pawnshop, LBC, RD Pawnshop, Puregold, etc.)
- SMS Notification
