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Maintaining Balance of LandBank ATM Card

The required minimum maintaining balance of LandBank ATM Card is Php 500 per month. If you fall below this maintaining balance, you will be charged Php 200 as service fee. So to avoid the service fee, you must maintain the Php 500 in your ATM account. Php 200 is big. With that money, you can buy two (2) Jollibee spaghetti with Yum.
Picture of a LandBank ATM Card
 

The new LandBank ATM Card
New LandBank ATM Card
 
The old LandBank ATM Card
LandBank ATM Card
LandBank ATM Card
 
How is Maintaining Balance Computed in LandBank?
 
Minimum maintaining balance of Landbank is the average daily balance (ADB) per month. You can compute the average daily balance in one (1) month through:
  1. Add the daily balance in 1 month.
    • Day 1 balance + Day 2 balance + Day 3 balance...until Day 30 or 31 balance
  2. Divide its total balance by 30 or 31 (total number of days in a month).
    • Total Balance in 1 Month ÷ 30 or 31 days  = Average Daily Balance (ADB) in a month
Let's give an example. Let's assumed, you open an ATM account on day 1 in which you deposit Php 500. And on day 2, you deposit again Php 500. So, you have Php 1,000 balance on day 2. Then, on day 3, you withdraw Php 400 and your balance is now Php 600 on day 3. The deposit and withdrawal transactions continue on the succeeding days. See table below.
 
Day Daily Balance in Pesos (Php)
1 500
2 1000
3 600
4 2000
5 1000
6 1000
7 1000
8 2000
9 2000
10 2000
11 2500
12 1000
13 1000
14 500
15 0 (zero)
16 2000
17 2000
18 2000
19 2000
20 2000
21 3000
22 400
23 400
24 400
25 4000
26 4000
27 4000
28 2000
29 2000
30 2000
_________
30 days		 ______
50,300 = Total Balance in a Month
 
   50,300 = total daily balance in a month
÷       30 = total days in a month
________
 
1,676.67 = average daily balance (ADB) in a month
 
In this case, you cannot pay for a service fee since your ADB is Php 1,676.67 which is above the required maintaining balance.
 
Take note on day 15, you've withdrawed all your money and the remaining balance went to zero (0). Even if you withdrawed all the money in your ATM account in a given day, you cannot be charged a service fee if the computed ADB in a month is above the required minimum maintaining balance.
 
Initial deposit to this ATM is also Php 500. This ATM card can earn an interest rate of 0.250% per year. You should maintain the Php 500 in your ATM account in order to earn that interest. You are only allowed to withdraw a maximum amount of Php 50,000 per day.
 
Deposit to this ATM can be done through over-the-counter. While withdrawals can be done both over-the-counter or through Automated Teller Machines (ATM) with BancNet, Megalink or ExpressNet logos.
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"Maintaining Balance of LandBank ATM Card" was written by Mary under the Banking category. It has been read 51038 times and generated 23 comments. The article was created on and updated on 14 January 2014.
Total comments : 23
Tqnvir [Entry]

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IVIE ANDAYA QUEBALAYAN [Entry]

Good eve po ask ko lang kasi zero balance na po yung atm ko pwde ko pa po bang magamit salamat
Jake Maglahus [Entry]

i have a remaining balance of P163 sa akong debit card. at nung nagtransact ako sa paypal nakalimutan kong 163 na pala ang remaining balance sa aking debit card sa landbank . at nagcharge ang paypal sa aking ng 100 pesos sa registration. so ngayon 63 pesos nalang ang balance. madedeactivate na ba ang aking atm? im a government employee. this week na papasok ang aming sahod
Analyn Jamil [Entry]

Goodevening,nghulog po ako ng pera sa atm card ng kapatid ko,without knowing wala na pala tong balance ilang buwan na..can i withdraw my money over the counter ng landbank?or kailangan ko e cancel ang transaction ko dito sa saudi?
Haydee [Entry]

good day po. almost 3 months na po na wlang laman ATM ko, can I still use it?
David john simbillo [Entry]

Ask ko lang po nagamit ko po kasi lahat ng laman ng savings q ang natira skin 17php then 1month q hnd nalgayn ngayun balak kong lagyan then nag balance muna ako pag bal q wla nang laman naka close na po ba ito salamat
Matteo De [Entry]

Hello po! It's just last friday nung nag-attempt ako to withdraw 2000 pesos from my account na may 3000 peso balance na lang but the atm denied my transaction, what do you think is the problem with that? Does landbank has implemented a limit on how much I can withdraw within a month?
Jobel araracap [Entry]

Nag open account po ako, sa may 1000 deposit po ako, then next day nawithdraw po ako tapos nawithdraw ko po lahat nung pera pero may balance pa pong 46pesos, tapos nagpasabi ako sa bayaw ko na padalhan ako ng 500 para mamaintain yung balance so kinabukasan nag email sakin si landbank na within 90working days ay macoclose na po ying account ko.. Ano po ba ang gagawin ko? Pupunta pa po ba ako ng landbank para makapagdeposit uliy ng pera kahit pinapadalhan ako ng pera sa atm thru mobile banking?
Ezekiel [Entry]

Hi! Goodevening, ask ko lang po kasi nag open ako ng account nag deposit po akong 50p then kinabukasan na wirhdraw ko po tung 200, 300 nalang po remaining balance ko ma cclose po ba yung aacount ko? Within that day na nag withdraw ako?
joy [Entry]

good day ask ko lang po nag open acct po kasi ako yung dineposit ko pong 500 winithdraw ko po ang 400 mag coclose po ba ang acct ko .dun po kasi ihuhulog ang maternity benefits ko
Ann [Entry]

Gud day ask ko lang po halimbawa po na withdraw yong maintaining balance automatic ba sa araw na nawithdraw ang 500 maintaining balance ay closed narin sa araw din na yon?
Trina Cayabyab [Entry]

Hi po nag open po kase ako ng sarili kong account sa landbank (tarlac) ATM. sa dinami dami ko pong inaasikaso nakakalimutan ko na po na hulugan. Eh sabi po nila daoat may remaining balance ka pa dun sa atm nawithdraw ko na po yun. Noon pa po 2014 yun. Tanong ko po kung may penalty po ba yun? At kung pwde po ipaclose nalang yung account ko? Thanks po
Norvie Delos Santos [Entry]

Good day maam may land bank atm card ako na iaapply ko po un nag punta ako ng SG at ngaun may nagremit sakin, Makukuha ko po ba yun.
Cesar velasco [Entry]

Balance inquiry maam,hindi ko na kasi nahulugan mag 2years na poh,
Cesar velasco [Entry]

Balance inquiry
Ferlyn Flores Villieran [Entry]

My savings account na ako sa landbank kaso matagal na pong hindi na hulugan magagamit ko pa ba yong account na yon o hindi na po o mag apply na po ako ng panibagong account dito sa dubai
Roemer A. Constantino [Entry]

Nice bank love it
Leonides D. Villasica Jr [Entry]

Hi i am interested to open atm account.
wayn brix c malabas [Entry]

Balance inquiry
lamina analiza [Entry]

why is that my atm card is invalid when i check my balance or withdraw?
maribon [Entry]

I did not put money in.my atm savings account in 8 months..I lost my number but now I find it.is still activated my atm
Teodoro Panganiban [Entry]

Nice
Florence Antonio Pascua [Entry]

But how if 6months ago i didnt deposit on my atm acct. But still have 1000 ? What will happen?