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LandBank Inactive/Dormant Account?

How can a LandBank account (Passbook or ATM) be considered dormant or inactive account? According to LandBank's Deposit Account Terms and Conditions:

"The Bank will classify the Account as DORMANT when it becomes inactive or has no transactions (deposits or withdrawals) for two (2) years for Savings Account and one (1) year for Current Account."

 

Are there any charges for DORMANT account?

Yes. LandBank imposes Php 200 per month for dormant accounts.

So, to avoid dormancy charges, you must have at least one transaction (deposit or withdrawal) :

  • within a year for Current Account
  • within two years for Savings Account (like ATM/Passbook).

Do you have a dormant LandBank account? Tell us what problem(s) you encounter with your dormant account?

 

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"LandBank Inactive/Dormant Account?" was written by under the Banking category. It has been read 9217 times and generated 12 comments. The article was created on and updated on 07 February 2020.
Total comments : 12
lovelymaematias   (15 April 2021 10:08 AM) [Entry]

how to active my dormant atm card
Josana   (11 January 2021 6:29 PM) [Entry]

How to reactivate my dormant landbank account if i am overseas?
loreto gabawa jr.   (12 December 2020 4:10 AM) [Entry]

FYI, as of April 24, 2017 the fee is now 30php/month. here is the link, look under Dormancy Fee section: https://www.landbank.com/deposits/peso/savings/atm-savings-account
Joesy B. Flores   (07 August 2020 10:17 AM) [Entry]

How can i reactivate my dormant account? (Personal Savings) My son filed loan in SSS and he use my dormant landbank account for the disbursement of the money. Can we claim the money over the counter for this? Any response. Thank you.
Maria Fatima A. Lawagom   (05 May 2020 8:32 PM) [Entry]

How can i reactivate my dormant account landbank issued umid card form gsis?
Ainah   (26 March 2019 9:27 AM) [Entry]

Can I activate my dormant account again by depositing on it even if it's not the branch I enrolled it to?
Cherrie Mae Badua   (16 February 2019 12:24 PM) [Entry]

Do landbank give notice to atm holders before issuing dormancy? And can I recover closed atm accounts?
Catherine villa domingo   (24 September 2018 5:36 PM) [Entry]

How can i reactivate my dormant account in Umid id?
Cherry Ann Paris   (06 June 2018 6:37 PM) [Entry]

How can i activate dormant account with landbank?
admin   (06 June 2018 7:52 PM) [Entry]

Cherry Ann Paris, go to a LandBank branch and ask for the status of your LandBank account and if your account is not CLOSED, you can deposit to that account and use that account again.
Melvin Bolaron   (24 April 2018 9:43 PM) [Entry]

What are we going if my landbank card are not going to balance inquire of my savings ..and i dont know how to activate the password of my card.thank you and God Bless
Kay M. Baguingan   (21 October 2017 8:37 AM) [Entry]

Please kindly furnish me a copy of resolution activiting dormant account at land bank of the philippines