The Philippine Deposit Insurance Corporation (PDIC) reported that it has started receiving claims of Banco Filipino Savings and Mortgage Bank (BF) depositors with account balances of above P10,000 on April 28 at the premises of the bank’s branches and head office and other designated receiving sites. The claims receiving period ran until May 3 for the small branches and will continue until May 13 for the bigger branches.

PDIC Officer-in-Charge Executive Vice President Imelda S, Singzon emphasized that these depositors need to file claims in order to be paid. Schedules for filing claims which are based on alphabetical listing of depositors’ surnames are posted in the PDIC website (www.pdic.gov.ph) and bank premises.

When filing claims, depositors are required to submit the following: 1) duly accomplished claim forms which were distributed during Depositors’ Forums conducted nationwide or downloaded from the PDIC website; 2) claim status sheets (CSS); 3) original copy of the evidence of deposit such as passbook, certificate of time deposit, bank statements, unused checks or ATM cards; and 4) clear photocopies of two valid IDs bearing photo and signature of the depositor or claimant.

Starting May 14, 2011, depositors may file their claims at the PDIC office located at the 4th Floor, SSS Bldg., Ayala Avenue cor. V.A. Rufino St., Makati City from 8:00 A.M. to 5:00 P.M., Monday to Friday. Claims may also be mailed to the PDIC office. Depositors have until March 18, 2013 to file their claims.

After processing of claims, payout will start in mid-July. The schedule of payout details will be announced later. PDIC reiterated its commitment to pay deposit insurance for all valid deposits as soon as possible.