Opening a Landbank savings account in the Philippines is quite straightforward, and the required initial deposit depends on the type of account you choose:
💳 Landbank Account Types & Initial Deposit
| Account Type | Minimum Initial Deposit | Notes |
|---|---|---|
| Regular Savings Account with ATM | ₱500 | Standard account, earns interest if balance requirement is met. |
| Regular Savings Account with Passbook | ₱1,000 | Comes with a passbook for record-keeping. |
| Junior Savers Account (for kids) | ₱500 | Designed for children below 18 years old. |
| Easy Access Savings (EASY) | ₱500 | ATM-based, convenient for everyday use. |
| Digital Savings Account (via Landbank Mobile App) | ₱0 | Can be opened online with no initial deposit. |
📝 Requirements
- Valid government-issued ID (e.g., PhilID, UMID, passport, driver’s license).
- Proof of billing address (sometimes requested).
- 1×1 or 2×2 ID photo (depending on branch).
- Tax Identification Number (TIN) for certain account types.
⚡ Application Options
- Branch Application: Visit any Landbank branch with your documents and deposit the required amount.
- Online Application: Use the Landbank Mobile App to open a digital savings account instantly with no deposit required.
👉 So, the minimum amount to open a Landbank account is ₱500, but if you go digital, you can start with ₱0.