This website uses information-gathering tools including cookies and other similar technology. Data generated are not shared with any other party. For more information, please refer to our privacy policy.
Deposits are insured by PDIC up to P500,000 per depositor
PDIC is an attached agency of the Department of Finance
Home  •  Site Map  •  Contact Us  •  PDIC Mail  •  Privacy Policy  •  FAQs
FREQUENTLY ASKED QUESTIONS   

What is an insured deposit?

The term ‘insured deposit’ means the amount due to any bona fide depositor for legitimate deposits in an insured bank net of any obligation of the depositor to the insured bank as of date of closure, but not to exceed P500,000.00.

A joint account shall be insured separately from any individually-owned deposit account.

R.A. No. 9576 stipulates that PDIC will not pay deposit insurance for the following accounts or transactions:

  1. Investment products such as bonds, securities and trust accounts;

  2. Deposit accounts which are unfunded, fictitious or fraudulent;

  3. Deposit products constituting or emanating from unsafe and unsound banking practices;

  4. Deposits that are determined to be proceeds of an unlawful activity as defined under the Anti-Money Laundering Law.

back      
PDIC is a government instrumentality created in
1963 by virtue of Republic Act 3591, as amended,
to insure the deposits of all banks. PDIC exists to
protect depositors by providing deposit insurance coverage for the depositing public and help promote financial stability
This website is best viewed using Internet Explorer 11
Questions? Need Help? Click Frequently Asked Questions Trunkline.: (632) 8841-4000
Hotline: (632) 8841-4141
(for Metro Manila clients)
Fax No.: (632) 8841-4085
Email: pad@pdic.gov.ph
Client outside Metro Manila may call
Toll Free: 1-800-1-888-7342 or
1-800-1-888-PDIC