FREQUENTLY ASKED QUESTIONS |
Are deposits maintained in Philippine banks with branches outside the Philippines insured by the PDIC? |
The PDIC Charter provides that a Philippine bank may elect to insure with the PDIC its deposits in branches outside the Philippines. As of 8 September 2022, no Philippine bank has elected to insure deposits in their foreign branches with PDIC. To verify if your deposits in a branch of a Philippine bank outside the Philippines are covered by deposit insurance in the host foreign country, please inquire with the account officer of your branch. |
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