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PHILIPPINE DEPOSIT INSURANCE CORPORATION
Deposits are insured by PDIC up to ₱1 Million per depositor
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Be A Wise Saver Campaign
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PDIC-GSIS-SSS Tripartite Linkage
7 HABITS OF A WISE SAVER
1.  Know your bank

Know the owners of your bank ‐ the people behind it and the people who manage it. Find out and ask about your bank's financial condition and its strengths and weaknesses. PDIC, BSP, and your bank's websites, newspapers, magazines, television and radio will provide most of the information you need. All banks licensed to operate by the BSP are required to display the PDIC decal and standee in their bank's premises and digital platforms.

2.  Know your bank products
Understand where you place your money. Don't confuse investments with regular deposits. Read and understand the fine print and don't hesitate to clarify with bank personnel terms and conditions that are not clear.
3.  Know your bank's services and fees
Choose the right bank for you by knowing your needs and matching these with your bank's services. Be aware of bank charges and fees. In addition, compare interest rates, terms and conditions of banks before choosing where to deposit.
4.  Keep your bank records safe and updated
Always secure your passbook, deposit slips, ATM card, certificate of time deposit (CTD), checkbook, digital confirmations for online transactions, and other bank records. Have your passbook and CTDs updated every time you do a transaction. Inform your bank whenever there are changes in your contact details to avoid bank mails with sensitive information getting into the wrong hands.
5.  Transact with authorized bank personnel and on official channels only
Do not hesitate to ask bank personnel to present an ID and always ask for proof of your transaction. For accounts maintained in digital banks, transact only in the bank's official online platforms.
6.  Be informed about PDIC deposit insurance
PDIC guarantees deposits up to ₱1 million per depositor, per bank. This insurance is automatic and free of charge. Meanwhile, investment products, fraudulent accounts, laundered money and deposit products from unsafe and unsound banking practices are not covered by deposit insurance.
7.  Be cautious of offers that are too good to be true
Simply walk away from offers that are too good to be true. These may indicate fraudulent or risky schemes. Generally, excessively high interest rates carry more risks. Please refer to BSP Circular No. 640 for more information.
Click here to download the PDIC "Be a Wise Saver" brochure
 
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. PDIC is an attached agency of the Bangko Sentral ng Pilipinas.
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