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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 5401 times and generated 7 comments. The article was created on and updated on 21 July 2016.
Total comments : 7
Ainah   (26 March 2019 9:27 AM)

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)

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)

How can i reactivate my dormant account in Umid id?

Cherry Ann Paris   (06 June 2018 6:37 PM)

How can i activate dormant account with landbank?

admin   (06 June 2018 7:52 PM)

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)

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)

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