CLASS D

Annex A
LANDBANK Online Account Opening Terms and Conditions

I. FEATURES

1. Accessibility

a. The LANDBANK Online Account Opening is a facility granted by Land Bank of the
Philippines ("LANDBANK"/ "the Bank"), which the client may avail for as long as it is offered
and provided that the client continues to be qualified under its terms and conditions.

b. While the Online Account Opening is available twenty-four (24) hours a day, seven (7)
days a week, some or all of the services may not be available at certain times due to
designated service periods, maintenance, computer, telecommunication, electrical or
network failure and/or any other reasons beyond the control of the Bank.

2. LANDBANK Online Account Opening Security Policy

a. At LANDBANK, the client is always assured that all information submitted are safe and
secure. The LANDBANK Online Account Opening, takes great measures to ensure that its
security practices conform to the best banking standards and adequately respond to the
needs of the clients.

b. To ensure the privacy of account information of the clients, LANDBANK has set forth the
following:

Security Systems

LANDBANK deploys intrusion detection systems, firewalls, encryption systems such as 2048-
bit Secure Sockets Layer (SSL) and other internal controls which are meant to safeguard,
physically and logically, all our servers and information systems, including the data stored in
these systems. Furthermore, it has an in-house Network Operations Department that
secures the maintenance of the whole facility.

Website Authentication

The LANDBANK DOBS is secure, using GlobalSign’s Security Certificate for you to verify the
authenticity of the DOBS site.

At times, it may be necessary for you to verify the authenticity of the DOBS site in order not
to fall victim to internet scams, for example, those that direct our clients to seemingly
legitimate sites then mislead them into providing vital account information to entities not
authorized by the Bank. The GlobalSign’s attached on all our DOBS pages, when clicked,
securely authenticates the DOBS site.

The best, safest and recommended way to access the DOBS website is by typing
https://dobs.landbank.com/DOBS/home/applyNow at the browser address bar.

Email

If you will enroll in iAccess the account that you have opened via LANDBANK DOBS,
LANDBANK iAccess will generate generate corresponding emails which will be sent to the
your registered email address in LANDBANK DOBS. We encourage you to continually check
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and verify your emails to assure that all your transactions with LANDBANK are in order. The
official email address of LANDBANK iAccess is [email protected].

Short Message Service (SMS)

Corresponding text message shall be sent via SMS to your registered mobile number for
transactions made in the LANDBANK DOBS. Text message ID shall be LBP_DOBS.

3. Services and Business Rules

a. I/We are allowed to fill-out account opening forms online prior to proceeding to the
Branch for the account opening process that shall be within the allowable period of 30
calendar days after submission of online forms.

b. I/We are allowed to access partially completed online application forms to finalize for
submission within the allowable period of 30 calendar days after submission of partially
accomplished forms.

II. GENERAL TERMS AND CONDITIONS

1. I/We agree that using the LANDBANK Online Account Opening constitutes acceptance of
these terms and conditions and acknowledgment of the inherent risks in conducting any
transaction over the Internet.

2. LANDBANK shall provide the LANDBANK Online Account Opening in accordance with
existing laws, rules and regulations as well as the LANDBANK’s business rules and
regulations relative to the operation of the LANDBANK Online Account Opening facility.

3. I/We recognize LANDBANK’s proprietary interest in LANDBANK Online Account Opening

and I shall use its modules for their intended purpose only.

4. I/We understand that the usage of the LANDBANK Online Account Opening does not
guarantee that I/We shall be granted or approved of an account op ening. LANDBANK may
refuse account opening for a customer who fails to comply with these Terms and Conditions,
the Deposit Account Terms and Conditions, and/or any of the requirements of the Bank, the
Bangko Sentral ng Pilipinas and/or the Anti-Money Laundering Council.

5. LANDBANK shall consider as valid and binding any instruction given or application made
using LANDBANK Online Account Opening.

6. LANDBANK shall not be liable for any unauthorized action or transaction using LANDBANK
Online Account Opening.

7. I/We are responsible for ensuring the accuracy, completeness and adequacy of the
information submitted in using the LANDBANK Online Account Opening

8. LANDBANK shall not be obliged to investigate the authenticity of instructions sent via
LANDBANK Online Account Opening. However, LANDBANK, as it deems necessary, is
entitled to verify any instructions given through sending e-mail online or via telephone or
any other means.
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9. LANDBANK may cancel or refuse to execute any of my instruction/s at any time without
incurring any liability if these are against bank policies and LANDBANK Online Account
Opening business rules, deemed illegal and/or detrimental to the bank without prior notice.

10. I/We shall verify, check and validate that all LANDBANK Online Account Opening
applications have been processed by Online Account Opening. If not, I/We shall notify
LANDBANK immediately by sending email online or via telephone or any other means.

11. An Application Number shall be assigned for every submitted and p artially completed
Online Account opening forms.

12. Confirmation for every application conducted through LANDBANK Online Account
Opening shall be through Acknowledgment sent to my operational personal email address.

13. In case of system failure, all applications submitted during the day shall be automatically
cancelled by the system. In this case, LANDBANK shall coordinate with me/us through e-
mail or telephone or any other means.

14. I/We shall provide LANDBANK with a correct and operational email address. The Bank
shall not be liable for any undelivered email communication or from unauthorized
interception or use of data relating to me/us or to my/our account. I/We shall promptly
notify the Bank of any change in my/our email address, contact number, business address
or any other information, which may affect communication via email or telephone or any
other means.

15. LANDBANK reserves the right to determine the scope on Online Account Opening,
modify, restrict, withdraw, cancel or disconnect any service without prior notice, if in the
Bank’s judgement, continued access of Online Account Opening may adversely affect the
security of the system without prior notice.

16. LANDBANK may amend/supplement this Agreement from time to time with effectivity
date as specified in the e-mail notice. Notice of the amendment/supplement sent through e-
mail at the address shown on my account records shall suffice. Thereafter, continued use of
the LANDBANK Online Account Opening will constitute acceptance of the
modification/supplement to the Agreement.

17. LANDBANK may limit my/our use of the services or terminate this Agreement once any
of the terms and conditions and business rules of the LANDBANK Online Account Opening
has been violated.

18. LANDBANK shall not be liable for any cause beyond its control such as problems due to
maintenance, telecommunication, electrical, network failure, computer hardware or software
(including viruses and bugs) or related/incidental problems that may be attributed to the
services of an information service provider.

19. LANDBANK shall not be liable for any loss or damage in connection with any
unauthorized interception or use of data relating to me or my account, including the
missending, thereof.

20. I/We agree to be bound by the laws, rules, regulations and official issuances applicable
to Online Account Opening currently existing or which may later be issued, as well as such
other terms and conditions governing the use of other facilities, benefits or services the
Bank may make available to me in connection with Online Account Opening.
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21. I/We hereby authorize LANDBANK to process, use or disclose to third parties personal
and sensitive personal information pertaining to me to the extent necessary and adequate to
execute the transactions or to provide the products or services that I have requested, to
manage my account, or to establish, confirm, update or review my records.

LAND BANK OF THE PHILIPPINES

DEPOSIT ACCOUNT TERMS AND CONDITIONS
INDIVIDUAL AND SOLE PROPRIETOR

The following Terms and Conditions (T&C) shall govern my/our deposit account/s with
LANDBANK “LBP” and “Bank” shall refer to LANDBANK. “I,” “We,” “me,” “us,” “my,” and “our”
shall refer to any person who opens an account with LBP. “ATM Card” refers to the Automated
Teller Machine (ATM) Card issued by LBP.
These T&C shall govern the use of passbook, checkbook, ATM Card, LANDBANK Visa Debit Card
(LVDC) and LBP’s Electronic Banking (e-Banking) facilities and services such as PhoneAccess,
iAccess, Mobile Banking, etc. including any and all amendments thereto, and such other rules,
regulations, terms and conditions as may be issued by the Bank from time to time.
By signing on the T&C or my/our use of the passbook, checkbook, ATM Card or LVDC and LBP’s
e-Banking facilities and services, I/we hereby acknowledge and confirm that I/we have fully
read, understood and agreed to be bound by these T&C with respect to my/our deposit account
or accounts (“Account” or “Accounts”).
1. Account Opening
I/We are free from any legal disabilities when opening an Account.
I/We represent and warrant that I/we am/are the lawful owner/s of the Account and if another
person is opening or transacting on my/our behalf, he/she is my/our authorized representative,
subject to the submission of the documentary requirements of LBP including compliance
with the minimum client/depositor information, per BSP and other relevant
issuances, and after due verification of my/our identity, signature, and other
pertinent details. I/We agree to hold LBP free from any and all damages and liabilities that
may arise from any fraudulent transaction in the account or fraudulent account opened in
my/our name.
The Account shall be governed by the present and future rules and regulations of LBP, the
Philippine Clearing House Corporation (PCHC), the Anti-Money Laundering Council, the Bangko
Sentral ng Pilipinas (BSP), and the applicable laws of the Philippines, as may be amended from
time to time.
I/We hold LBP free from any and all damages and liabilities in complying with the requirements
of the law, including the reporting requirement to authorized agencies.
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2. Joint “AND” Account
By opening a joint “and” account, we warrant that we jointly own the account. Upon
withdrawal, all of our signatures are required in the withdrawal slip.
Upon the death of one of us, the share of the deceased co-depositor may be withdrawn by the
legal heir/representative jointly with the surviving depositor, subject to the requirements of the
law and that of the Bank.
3. Joint “OR” Account
By opening a joint “or” account, we warrant that we jointly own the Account and the Bank
recognizes the existence of a survivorship agreement between us. Either one of us may
encumber, pledge or even withdraw the entire deposit without the knowledge, consent and
signature of the other.
Upon the death of one of us, the surviving co-depositor may withdraw the balance of the
deposit subject to the requirements of the law and that of the Bank.
4. Deposits
The Bank may credit to my/our Account any cash and check deposit upon presentation of duly
accomplished deposit slip and only after its proper verification. Checks shall be accepted for
deposit on collection basis and may be withdrawn only when cleared through the clearing
house.
In receiving items for deposit, LBP’s obligation shall only be that of a collecting agent and LBP
assumes no responsibility beyond the necessary diligence in selecting correspondents. Until such
time an actual payment shall have come to its possession, LBP reserves the right to charge back
the Account for any amount previously credited. This reservation shall also apply to checks
drawn on LBP which are not paid because of insufficiency of funds, forgery, unauthorized
overdraft, stoppage or any other reason.
Whenever improper or erroneous credit is made on the Account, LBP shall, without prior notice
and regardless of the intervening time that has elapsed be authorized to debit back any item
previously credited.
5. Interbranch Deposit
Interbranch deposit is allowed subject to LBP’s existing policy.
6. Passbook
Where the Account is Passbook-based, I/we agree that nothing shall be written therein which
are not authorized by LBP. LBP shall not be responsible for any sum recorded therein without
LBP’s authorization. In the event of any discrepancy between the entries in the Passbook and
the LBP’s records, the latter shall prevail.
The Passbook is not assignable or transferable. The Bank shall have the right to presume that
the presenter of the Passbook is my/our duly authorized representative/s. I/We acknowledge
that LBP possesses no obligation to indemnify me/us for unauthorized payments made on the
Account prior to LBP’s receipt of notice of its loss.
Loss or destroyed passbooks may be replaced by LBP upon prior payment of applicable fees and
compliance with its documentary requirements.
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7. Withdrawals
Withdrawals from the Account shall only be allowed by LBP upon presentation of a duly
accomplished withdrawal slip and, where the Account is Passbook-based, the Passbook.
I/We agree that only checks/withdrawal slips containing signatures in ink or other means of
writing with a character of permanence which can be verified by LBP shall be honored.
8. Interbranch Withdrawal
Interbranch withdrawal is allowed subject to LBP’s existing policy.
9. Dormant Account
The Account shall be considered DORMANT when it becomes inactive (no deposits or
withdrawals) for a period of two (2) years for Savings Account and one (1) year for Current
Account.
The Bank shall impose a monthly service charge on dormant account if the balance falls below
the required minimum balance.
The Account may further be reported to the Treasurer of the Philippines as an unclaimed
balance under the Unclaimed Balances Law (Republic Act No. 3936, as amended) where it
becomes inactive for ten (10) consecutive years. For the avoidance of doubt, accounts subject
to rollover may be considered inactive for purposes of the Unclaimed Balances Law even in
cases where a previous authority to have it automatically rolled over was issued to LBP for as
long as no deposits or withdrawals have been made at the instance of the Depositor (other than
through the previous authority issued to LBP to effect automatic rollover).
10. Pledge or Assignment of Account
The pledge or assignment of the Account or any amount therein shall be subject to the prior
consent of LBP. LBP reserves the right to impose conditions for its consent as may be
reasonable under the circumstances.
11. Lien on the Account
LBP shall have a lien and authority to debit from my/our Account for the satisfaction of any
obligation owed by me/us due to LBP, its subsidiaries and affiliates (including but not limited to
any applicable service charges, fees, and penalties) without prior written notice.
12. Interest Rate
Subject to applicable withholding taxes, the Account shall earn interest at such rate which LBP
may compute based on its cleared balance on a monthly or quarterly basis, at LBP’s option. LBP
may, from time to time, amend the applicable interest rate without prior notice. The Account
shall not be entitled to interest where it is closed prior to an interest crediting date.
13. Current Account
I/We accede to the electronic clearing of checks and hereby waive the presentation for payment
of the original to LBP.
Whenever the Account is mishandled as when the same is overdrawn or whenever an amount is
withdrawn in excess of the required minimum balance, I/we obligate to pay LBP the debit
balance appearing, if any, in the Account and/or LBP’s applicable service charges. I/We further
authorize LBP to close the Account when mishandled and to report the fact of said closure and
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the reason therefor with the Banker’s Association of the Philippines or any central monitoring
entity or body.
14. Stop Payment Orders on Current Account
Stop payment orders may only be honored when filed under such form and manner as may be
prescribed by LBP and before LBP’s certification, acceptance or payment of the check sought for
stop payment.
Notwithstanding the timely filing of the stop payment order, I/we agree to hold LBP free and
harmless from whatever liability that may arise when it honors the same.
I/We also agree that after the expiration of six (6) months from the date of stop payment of
check, the request for stop payment shall be considered cancelled and should there be any fee
occasioned by the stop payment, the same shall be charged by LBP against my/our Account.
15. Statement of Account
I/We acknowledge that a Statement of Account (SOA) shall be regularly provided to me/us via
email, digital banking channels or sent to me/us via postal service at my/our last given
address unless the same is picked-up by my/our authorized representative from LBP Servicing
Branch.
In case I/We failed to claim my/our Statement/s from the LBP Servicing Branch,
the LBP Servicing Branch shall send the unclaimed Bank Statement/s to my/our
latest address.
The SOA shall be considered correct should LBP not receive any written notice to the contrary
within ten (10) calendar days after my/our receipt thereof and any claim against LBP shall be
considered waived.
16. Updating of Account
I/We shall promptly notify LBP in writing of any change in official mailing/e-mail address, contact
number/s or source of funds whenever necessary, and shall personally fill out a new Specimen
Signature Card as may be required by LBP.
17. Anti-Money Laundering
I/We warrant that the funds deposited are not proceeds of any criminal or illegal activity. The
Bank reserves the right to close my/our Account without prior notice or consent if there is
reasonable ground to believe that the funds are proceeds of a criminal or other illegal activity.
I/We hold LBP, its officers and employees free and harmless from whatever liability that may
arise should I/we and/or the Account be made subject to the applicable provisions of the Anti-
Money Laundering Law, as amended, such as but not limited to transaction reporting,
investigation, prosecution, asset preservation and/or forfeiture by applicable government
authority, as the case may be.
I/We hereby agree to hold LBP free and harmless from any and all damages and liabilities
arising from technical errors committed by LBP in the processing of transactions except if the
same is due to the gross negligence of LBP or any of its employees.
18. Deposit Insurance
My/Our Account or Accounts shall be insured against such risks and to such extent as may be
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prescribed under the applicable PDIC laws, rules and regulations, and any and all amendments
thereof that may be issued in the future.
19. General/Special Power of Attorney
I/We agree to comply with the requirements of LBP in the acceptance of special and general
powers of attorney or written authorizations issued in favor of other persons to act in my/our
behalf.
20. Closing of Account
I/We acknowledge that LBP has the right to close the account at its sole discretio n, without
need of prior notice, at any time if the Account is without any outstanding balance, or
that the depositor turns out to be a fictitious/false individual, the deposit is used
for fraudulent purposes, or any reason that LBP deems necessary to protect its interest.
21. Miscellaneous
I/We attest that the information provided herein are true, correct and voluntarily given. LBP is
authorized to give information on the Account to appropriate agencies in case of questionable
implementation thereof, and represent and warrant that the opening of the Account and all
transactions made thereon are not in violation thereof. I/We acknowledge that LBP is duly
bound to comply with certain requirements under the law such as records management,
reportorial requirements, disclosure of certain information about the Account and transactions
pertaining thereto, and in connection therewith, hereby holds LBP free and harmless from any
and all liabilities, claims and/or damages that may arise therefrom.
I/We hereby authorize LBP, a banking institution duly organized and existing under and by
virtue of the Provision of RA 3844, as amended, with principal office at the LBP Plaza, 1598 M.H.
del Pilar St. cor. Dr. J. Quintos St. Malate, Metro Manila, Philippines to inquire and make
verification with any bank, financial or lending institution whether juridical or otherwise as to the
state and condition of any and all kinds of accounts I/we keep and maintain with any or all of
them, and I/we hereby waive my/our rights to the secrecy thereof.

ADDITIONAL T&C FOR LANDBANK ATM ACCOUNT

I/We acknowledge that the LBP ATM Card is and shall remain the property of the LBP, and is
subject to revocation and/or repossession by LBP upon notice for violation of any of the T&C
stated herein and for any other reason/s, which in the opinion of LBP, would prejudice my/our
or LBP’s interests arising from the continued use of the ATM Card. I/We agree to return the
Card to LBP upon its request. I/We further agree that LBP may cause the ATM to retain the Card
automatically at any time and without notice to me/us.
1. Personal Identification Number (PIN) Maintenance
My/Our PIN is/are strictly confidential and under no circumstances be disclosed to any person.
All ATM transactions shall be made personally by me/us. Representatives are not allowed to
transact on my/our LBP ATM account.
In case I/we forget my/our PIN, I/we may request for a replacement from any LBP Branch. If,
however, I/we believe that my/our PIN/ATM Card has been compromised, I/we should
immediately report to any LBP Branch or Customer Care Help Desk No. (02) 8-405-7000 (for
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Metro Manila) and 1-800-10-4057000 (for Provincial Toll Free) for tagging of the account and
request for replacement of my/our PIN/ATM Card subject to fees.
I/We agree to hold LBP and its officers and employees free and harmless from any and all
liabilities, claims, and demands of whatever nature in connection with or arising from any
unauthorized use of the ATM Card and/or disclosure of my/our PIN to any person.
2. Confirmed Loss/Stolen ATM Card
I/We should immediately report the loss or theft of my/our ATM Card and request LBP the
immediate blocking of the said ATM Card at any LBP Branch or its Customer Care Help desk No.
(02) 8-405-7000 (for Metro Manila) and 1-800-10-4057000 (for Provincial Toll Free). LBP will
not be responsible for any loss incurred by me/us before LBP’s receipt of my/our notice of loss
or theft of my/our ATM card with specific instruction to block/hold the Account.
My/Our request for ATM Card replacement may be allowed at any LBP Branch.
3. Deposit via ATM
I/We agree that the receipt electronically generated at the time I/we made a deposit transaction
shall be binding on LBP only when it has verified that the amount deposited is correct.
4. Cardholder’s Responsibilities
In order to help ensure security in ATM Card transactions and personal
information, I/We agree to strictly comply with the following security measures,
as may be amended or supplemented by LBP from time to time:
• Sign on the signature panel at the back of the Card.
• Nominate a Personal Identification Number (PIN) as soon as Card is received.
• Keep Card Number, PIN and Card Security Code confidential
• Regularly change PIN especially when using the Card at other bank’s ATM,
local or abroad.
• Transact only in well-lighted or safe areas with ATM.
• Do not entertain strangers offering assistance while using an ATM.
• Keep eyes on the Card when paying for purchases.
5. Unauthorized ATM Withdrawals
Loss incurred by me/us from the use of my/our ATM Card found to have been compromised at
any ATM, shall be restituted after investigation has been made by LBP which will show that a
restitution should be made by LBP.
In no case, however, shall the loss arising from unauthorized withdrawals be restituted when,
for any reason whatsoever, I/we have voluntarily or thru negligence disclosed my/our PIN
and/or gave my/our ATM Card to or is in the possession of another person.
ADDITIONAL T&C FOR LANDBANKPISO (PERANG INIMPOK SAVINGS OPTION)
ACCOUNT
1. Foreign Remittances and Transactions
I acknowledge that this my PISO Account shall not be used for foreign remittances and
transactions
2. Closing of Account
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I acknowledge that LBP has the right to close my PISO Account at its sole discretion, without
need of prior notice, at any time, if the deposit account balance is P1.00 and below and without
financial transaction for up to one hundred eighty (180) days.
3. ATM Card
I acknowledge that the ATM card issued for the PISO Account is non-transferable
4. Maximum Outstanding Balance
I acknowledge that if my PISO Account deposit exceeds the maximum outstanding balance, the
same shall be automatically put on-hold and tagged as “Hold All Fund”.
In such case, I agree to visit the servicing Branch for the conversion of my PISO Account to a
regular deposit account, subject to the submission of the required information and/or other
documents.
5. Fees and Charges
I acknowledge that all other applicable fees and charges for ATM account shall be applied to this
PISO Account.

In the event of any inconsistency between the Additional Terms and Conditions LANDBANK
PISO (BDA) Account and existing Terms and Conditions for LANDBANK Deposit Account, the
former shall prevail.

ADDITIONAL T&C FOR E.A.S.Y. SAVINGS PLUS (ESP)

1. I/We agree to maintain a monthly ADB equal to the prevailing amount set by LBP otherwise,
applicable service fee shall be automatically debited from my/our Account at the end of the
month.
2. The Bank shall accrue interest earnings daily based on my/our available balance and the
applicable tiered interest rate to be credited to my/our Account at the end of the month. If
my/our end-of-day available balance falls below the minimum tiered ADB, interest earnings shall
be computed based on the interest rate for regular Savings Account. However, if my/our end-
of-day available balance falls below the required minimum balance for regular Savings Account
to earn interest, my/our Account shall not earn any interest at all.
3. I/We may deposit any additional amount to my/our Account after account opening.
However, I/we are allowed only two (2) withdrawals of any amount on my/our ESP Account
during a calendar month. Service fee shall apply to succeeding withdrawals which shall be
charged to my/our Account.
4. My/Our Account shall be subject to applicable service fee if it is closed within thirty (30) days
from opening date.
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ADDITIONAL T&C FOR TIME DEPOSIT ACCOUNT
1. I/We agree that this deposit shall earn interest based on the rate specified in my/our Time
Deposit Certificate.
2. I/We must present the properly endorsed certificate upon applying for withdrawal of my/our
deposit and surrender the same upon repayment of the amount.
3. In case of pre-termination, I/we shall give a written notice to LBP seven (7) days prior to
my/our withdrawal.
4. Unless presented on the date of maturity for withdrawal, LBP shall dispose of my/our deposit
in accordance with the Time Deposit Renewal Instructions I/we signed upon placement.
5. Other T&C applicable to Time Deposit Account are incorporated in the certificate.

ADDITIONAL T&C FOR LANDBANK e-BANKING FACILITIES & SERVICES

By maintaining my/our Account or Accounts with LBP, I/we am/are eligible to enroll my/our
Account or Accounts with LANDBANK e-Banking facilities and services such as iAccess, Phone
Banking, Mobile Banking, etc., subject to the laws, rules, regulations and official issuances
applicable to the e-Banking Facilities, and any or all amendments thereof that may be issued in
the future.
I/We understand that upon enrollment in the ebanking facility (iAccess and MBA), I/we have
the capability to immediately lock my/our ATM Card/account through Mobilock in
order to prevent or stop unauthorized transactions on my/our ATM and Point of Sale
(POS), excluding transactions made through LANDBANK iAccess and Mobile Banking
Application, if based on my/our knowledge or belief that the same becomes
compromised or subject of cyber-threat.
I/we understand that I am/we are capable to unlock my/our ATM Card account
after I/we have proven that the same is no longer compromised or subject of cyber-
threat.
I/We agree that I am/we are responsible in protecting my/our account / card
information and should not disclose to anyone the iAccess username, password,
One-Time-Password (OTP), CVV, cash code, mobile number, email address, and
other information pertaining to my account/card, to mitigate the risk that my/our
account/card will be compromised or subject of a cyberthreat or unauthorized
transaction which may result to unauthorized purchase of goods/services, fund
transfer from my/our account, cardless withdrawal, and bills payment through the
e-banking channels/internet.
Hence, I/We acknowledge that I/we am/are solely responsible for any transaction
(such as bills payment, withdrawals, purchase of goods, fund transfer) arising from
cyber-threat incidents and hold the Bank, it’s officers and employees free from any
and all liabilities and losses that may be incurred due to the disclosure and sharing
of personal/ confidential information to a third party whether or not authorized.
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I/We understand that LBP may send or communicate with me/us via text
messages (SMS) through my/our SMS-enables mobile phone, email messages
and/or other electronic alerts, reminders, and/or notices from time-to-time
concerning matters relating to my/our Account by the use of any mobile number
and/or email address which I/we provided to LBP.
I/We hereby acknowledge and accept that each SMS or email may be sent to
me/us may include my/our name and information pertaining to my/our Account.
Likewise, I/we fully understand that in communicating to me/us through
SMS/Email, LBP will, in no case, ask from me/us any information about my/our
account. Hence, I/we acknowledge that it is my/our responsibility to ensure the
security of my/our mobile phone as well as my/our personal email address and
to inform LBP of any changes to my/our mobile number and email address in a
timely manner.”

ADDITIONAL T&C FOR LANDBANK Visa DEBIT CARD (LVDC)

1. ATM Transactions
I/We understand that the LVDC may be used to avail any of the applicable ATM services of
BancNet and Visa member banks. I/We also understand that LBP does not have any control
over the ATMs or the communication networks of said member banks. Hence, LBP shall not be
held liable for any loss or damage which I/we may incur as a result of my/our inability to use the
LVDC due to system breakdown or failure of the ATMs or the network’s communication facilities,
or unauthorized or fraudulent access or utilization of the Card.
2. Card Present Transactions (Point-of-Sale and Pre-authorization)
I/We understand that the card maybe transacted through any of the POS terminal of the
accredited merchants of the BancNet (local) and Visa (local and international) to p ay for goods
or services at retailers or suppliers who accept it. I/We hereby authorize LBP to debit from the
account the amount of every successful transaction. Hence, LBP shall not be held liable for any
unauthorized or fraudulent utilization of the Card, or for any defective products or service
purchased through the use of the Card or for any dispute between me/us and the
establishment.
3. Card-Not-Present Transactions (Online Payment, Mail Order/Telephone Order
and Recurring Payment)
I/We understand that the LVDC may be used for debit transactions through any of the web -
based/remote applications which may be offered by BancNet or Visa or any of their participating
merchants. I/We further understand that LBP authorizes debit from the account after verifying
the withdrawable balance, card number, expiry date and the Card Verification Value (CVV).
Hence, LBP shall not be held liable for any unauthorized or fraudulent utilization of the Card or
for any defective products or service purchased through the use of the Card or for any dispute
between me/us (as cardholder) and the merchant.
 CLASS D
Annex A
4. Access to ATM/POS located outside the Philippines, and Web-based application
owned by Foreign merchants
I/We understand that LVDC is a peso current/savings account maintained with the LBP. It bears
the Visa logo which can be used to avail of or to make ATM purchases/transactions through any
of the Visa member banks and accredited merchants located at the countries outside the
Philippines. That any withdrawal/purchase transacted by me/us outside the Philippines through
the use of any of the network channels shall constitute disbursement from said account in the
Philippines and a remittance to the acquiring banks/merchants where the withdrawal/purchase
transaction was effected, and shall, therefore be subject to the applicable laws, governing rules
and regulation of both the Philippines and the country where the withdrawal/purchase
transaction was made.
Cash withdrawals/purchase transactions outside the Philippines using the Card shall be in the
original currency which is subject to maximum amount imposed by the LBP and the institution
which owns the ATM/POS/web-based application. Each successful transaction is subject to
transaction fees as determined by the LBP and Visa. The transaction amount and the applicable
transaction fee are subject to foreign exchange rate prevailing at the time of the transaction.
5. Visa member Banks and Accredited Merchants
LBP has an agreement with Visa for its card issuing scheme whereby the LVDC bearing the Visa
label shall be honored by all Visa member banks and accredited merchants worldwide at all
times. However, LBP shall not be liable, if for any reason, such Visa member banks or accredited
merchants do not honor the card or its transaction.
6. Fees and Charges
LBP may, upon posting prior notice, impose reasonable fees, charges and penalties for the
used/mishandled account. I/We hereby authorize LBP to debit from my/our Account the
amount of such fees, charges and penalties without need for further notice or demand. In case
of insufficient funds in the said account to cover the applicable fees, charges and penalties, LBP
has the right to suspend, terminate or close the LVDC account without LBP incurring any liability
as a result thereof.
Any and all taxes arising from payment of fees, charges and penalties shall be borne by me/us.
I/We understand and agree that any successful transactions switched through the BancNet or
Visa networks shall be subject to transactions fees as agreed by LBP and the networks
concerned.
7. Card Renewal
The card shall be valid up to the “valid thru date” indicated in the card. The card shall be
automatically renewed by the LBP and can be claimed by me/us at the servicing branch of
account a month prior to expiration.
8. Cardholder Complaints
Any complaint regarding the Card, Account, and/or the transactions using the card shall be
communicated through the LBP’s Customer Care Hotline or its servicing branch. In case of
dispute, I/we shall attach the duly accomplished Client Complaint Form (CCF) if transaction is
 CLASS D
Annex A
routed to BancNet Switch and Transaction Dispute Form (TDF) if transaction is routed to
VisaNet.
9. Amendments/Revision
I/We agree that LBP shall have the right to add, revise, or amend, in whole or in part, these
T&C, and the features/functionalities of the LVDC. Such amendments and revision shall be in
effect and shall be binding on me/us from such time that the same is announced, published,
posted in conspicuous places within the premises of the LBP.
All existing T&C of the deposit accounts not inconsistent with the provisions stipulated under the
foregoing additional T&C shall remain in force and effect.

I/We hereby read, understood and agreed to be governed by the foregoing T&C and the
attached Deposit Account Information.
Where an Account is opened jointly with another, my/our rights and obligations therein shall be
jointly and not solidary.

____________________________________________________________
Signature Over Printed Name

_____________________________________________________
Date
____________________________________________________________
Signature Over Printed Name

_____________________________________________________
Date

Account Number:
Distribution: 1 - Branch’s copy 2 - Client’s copy
 CLASS D
Annex C
LAND BANK OF THE PHILIPPINES
DEPOSIT ACCOUNT TERMS AND CONDITIONS
GOVERNMENT & INSTITUTIONAL CUSTOMERS

The following Terms and Conditions (T&C) shall govern my/our deposit account/s with
LANDBANK “LBP” and “Bank” shall refer to LANDBANK. “I,” “We,” “me,” “us,” “my,” and “our”
shall refer to the juridical entity or its authorized representative/s to open o r maintain deposit
account/s with LBP.
These T&C shall govern the use of passbook, checkbook and LBP’s Electronic Banking (e-
Banking) facilities and services such as weAccess, wePayAccess, etc. including any and all
amendments thereto, and such other rules, regulations, terms and conditions as may be issued
by LBP from time to time.
By signing on the T&C or my/our use of the passbook, checkbook and LBP’s e-Banking facilities
and services, I/we hereby acknowledge and confirm that I/we have fully read, understood and
agreed to be bound by these T&C with respect to my/our deposit account or accounts (“Account”
or “Accounts”).
1. Account Opening
I/We are duly authorized by our governing board or, in the case of government line agencies or
bureaus, by the head of agency to enter into this agreement with LBP.
I/We represent and warrant that I/we am/are the lawful owner/s of the Account and if
another person is opening or transacting on my/our behalf, he/she is my/o ur authorized
representative, subject to the submission of the documentary requirements of LBP
including compliance with the minimum client/depositor information, per BSP
and other relevant issuances, and after due verification of my/our identity,
signature, and other pertinent details. I/We agree to hold LBP free from any and all
damages and liabilities that may arise from any fraudulent transaction in the account or
fraudulent account opened in my/our name.
The Account shall be governed by the present and future rules and regulations of LBP, the
Philippine Clearing House Corporation (PCHC), the Anti-Money Laundering Council, the Bangko
Sentral ng Pilipinas (BSP), and the applicable laws of the Philippines, as may be amended from
time to time.
I/We hold LBP free from any and all damages and liabilities in complying with the requirements
of the law, including the reporting requirement to authorized agencies.
2. Joint “AND” Account
My/Our rights and obligations under Account/s opened by two or more juridical entities, through
its authorized representative/s as in the case of joint ventures, shall be joint and not solidary.
3. Deposits
The Bank may credit to my/our Account any cash and check deposit upon presentation of duly
accomplished deposit slip and only after its proper verification. Checks shall be accepted for
deposit on collection basis and may be withdrawn only when cleared through the clearing house.
 CLASS D
Annex C
In receiving items for deposit, LBP’s obligation shall only be that of a collecting agent and LBP
assumes no responsibility beyond the necessary diligence in selecting correspondents. Until such
time an actual payment shall have come to its possession, LBP reserves the right to charge back
the Account for any amount previously credited. This reservation shall also apply to checks
drawn on LBP which are not paid because of insufficiency of funds, forgery, unauthorized
overdraft, stoppage or any other reason.
Whenever improper or erroneous credit is made on the Account, LBP shall, without prior notice
and regardless of the intervening time that has elapsed be authorized to debit back any item
previously credited.
4. Interbranch Deposit
Interbranch deposit is allowed subject to LBP’s existing policy.
5. Passbook
Where the Account is Passbook-based, I/we agree that nothing shall be written therein which are
not authorized by LBP. LBP shall not be responsible for any sum recorded therein without LBP’s
authorization. In the event of any discrepancy between the entries in the Passbook and LBP’s
records, the latter shall prevail.
The Passbook is not assignable or transferable. The Bank shall have the right to presume that the
presenter of the Passbook is my/our duly authorized representative/s. I/We acknowledge that
LBP possesses no obligation to indemnify me/us for unauthorized payments made on the
Account prior to LBP’s receipt of notice of its loss.
Loss or destroyed passbooks may be replaced by LBP upon prior payment of applicable fees and
compliance with its documentary requirements.
6. Withdrawals
Withdrawals from the Account shall only be allowed by LBP upon presentation of a duly
accomplished withdrawal slip and, where the Account is Passbook-based, the Passbook.
I/We agree that only checks/withdrawal slips containing signatures in ink or other means in
writing with a character of permanence which can be verified by LBP shall be honored.
7. Interbranch Withdrawal
Interbranch withdrawal is allowed subject to LBP’s existing policy.
8. Dormant Account
The Account shall be considered DORMANT when it becomes inactive (no deposits or
withdrawals) for a period of two (2) years for Savings Account and one (1) year for Current
Account.
The Bank shall impose a monthly service charge on dormant account if the balance falls below
the required minimum balance.
The Account may further be reported to the Treasurer of the Philippines as an unclaimed balance
under the Unclaimed Balances Law (Republic Act No. 3936, as amended) where it becomes
inactive for ten (10) consecutive years. For the avoidance of doubt, accounts subject to rollover
may be considered inactive for purposes of the Unclaimed Balances Law even in cases where a
previous authority to have it automatically rolled over was issued to LBP for as long as no
 CLASS D
Annex C
deposits or withdrawals have been made at my/our instance (other than through the previous
authority issued to LBP to effect automatic rollover).
9. Pledge or Assignment of Account
The pledge or assignment of the Account or any amount therein shall be subject to the prior
consent of LBP. LBP reserves the right to impose conditions for its consent as may be reasonable
under the circumstances.
10. Lien on the Account
LBP shall have a lien and authority to debit from my/our Account for the satisfaction of any
obligation owed by me/us due to LBP, its subsidiaries and affiliates (including but not limited to
any applicable service charges, fees, and penalties) without prior written notice.
11. Interest Rate
Subject to applicable withholding taxes, the Account shall earn interest at such rate which LBP
may compute based on its cleared balance on a monthly or quarterly basis, at LBP’s option. LBP
may, from time to time, amend the applicable interest rate without prior notice. The Account
shall not be entitled to interest where it is closed prior to an interest crediting date.
12. Current Account
I/We accede to the electronic clearing of checks and hereby waive the presentation for payment
of the original to LBP.
Whenever the Account is mishandled as when the same is overdrawn or whenever an amount is
withdrawn in excess of the required minimum balance, I/we obligate to pay LBP the debit
balance appearing, if any, in the Account and/or LBP’s applicable service charges. I/We further
authorize LBP to close the Account when mishandled and to report the fact of said closure and
the reason therefor with the Banker’s Association of the Philippines (BAP) or any central
monitoring entity or body.
13. Stop Payment Orders on Current Account
Stop payment orders may only be honored when filed under such form and manner as may be
prescribed by LBP and before LBP’s certification, acceptance or payment of the check sought for
stop payment.
Notwithstanding the timely filing of the stop payment order, I/we agree to hold LBP free and
harmless from whatever liability that may arise when it honors the same.
I/We also agree that after the expiration of six (6) months from the date of stop payment of
check, the request for stop payment shall be considered cancelled and should there be any fee
occasioned by the stop payment, the same shall be charged by LBP against my/our Account.
14. Statement of Account
I/We acknowledge that a Statement of Account (SOA) shall be regularly provided to me/us via
email, digital banking channels or sent to me/us via postal service at my/our last given
address unless the same is picked-up by my/our authorized representative from LBP Servicing
Branch.
In case I/We failed to claim my/our Bank Statement/s from the LBP Servicing Branch, the LBP
Servicing Branch shall send the unclaimed Bank Statement/s to my/our latest address.
 CLASS D
Annex C
The SOA shall be considered correct should LBP not receive any written notice to the contrary
within ten (10) calendar days after my/our receipt thereof and any claim against LBP shall be
considered waived.
15. Updating of Account
I/We shall promptly notify LBP in writing of any change in official mailing/e-mail address, contact
number/s or source of funds whenever necessary, and shall personally fill out a new Specimen
Signature Card as may be required by LBP.
16. Anti-Money Laundering
I/We warrant that the funds deposited are not proceeds of any criminal or illegal activity. The
Bank reserves the right to close my/our Account without prior notice or consent if there is
reasonable ground to believe that the funds are proceeds of a criminal or other illegal activity.
I/We hold LBP, its officers and employees free and harmless from whatever liability that may
arise should I/we and/or the account be made subject to the applicable provisions of the Anti-
Money Laundering Law, as amended, such as but not limited to transaction reporting,
investigation, prosecution, asset preservation and/or forfeiture by applicable government
authority, as the case may be.
I/We hereby agree to hold LBP free and harmless from any and all damages and liabilities arising
from technical errors committed by LBP in the processing of transactions except if the same is
due to the gross negligence of LBP or any of its employees.
17. Deposit Insurance
My/Our Account or Accounts shall be insured against such risks and to such extent as may be
prescribed under the applicable PDIC laws, rules and regulations, and any and all amendments
thereof that may be issued in the future.
18. Closing of Account
I/We acknowledge that LBP has the right to close the account at its sole discretion, without
need of prior notice, at any time if the Account is without any outstanding balance, or
that the depositor turns out to be a fictitious/false individual, the deposit is used
for fraudulent purposes, or any reason that LBP deems necessary to protect its interest.
19. Miscellaneous
I/We attest that the information provided herein are true, correct and voluntarily given. LBP is
authorized to give information on the Account to appropriate agencies in case of questionable
implementation thereof, and represent and warrant that the opening of the Account and all
transactions made thereon are not in violation thereof. I/We acknowledge that LBP is duly bound
to comply with certain requirements under the law such as records management, reportorial
requirements, disclosure of certain information about the Account and transactions pertaining
thereto, and in connection therewith, hereby holds LBP free and harmless from any and all
liabilities, claims and/or damages that may arise therefrom.
I/We hereby authorize LBP, a banking institution duly organized and existing under and by virtue
of the Provision of RA 3844, as amended, with principal office at the LBP Plaza, 1598 M.H. del
Pilar St. cor. Dr. J. Quintos St. Malate, Metro Manila, Philippines to inquire and make verification
with any bank, financial or lending institution whether juridical or otherwise as to the state and
 CLASS D
Annex C
condition of any and all kinds of accounts I/we keep and maintain with any or all of them, and
I/we hereby waive my/our rights to the secrecy thereof.

ADDITIONAL T&C FOR HIGH-YIELD SAVINGS ACCOUNT (HYSA)

I/We understood that this account is opened subject to the additional T&C herein contained and
to the rules and regulations of the BSP, other government regulatory authorities and the BAP.
1. Minimum Amount of Deposit
I/We agreed that the required minimum amount of deposit to open the account shall be subject
to the LBP’s existing policy. LBP reserves the right at any time and for any reason whatsoever to
refuse to accept deposits except in cash.
I/We agreed that the deposits to the account may only be withdrawn in the manner provided
hereinafter. Further, I/we agreed that the Deposit Account shall not be used under nor covered
by the automatic fund transfer arrangement.
2. Interest
The Account shall earn interest based on the prevailing rate for HYSAs at the time of deposit,
provided that in cases where the deposits are withdrawn before due date, the interest shall be
computed as follows:
a. Fifteen (15) days and below from the date of the deposit, shall be equivalent to ¼ of the rate
given on the date of deposit or the prevailing savings rate whichever is higher
b. More than fifteen (15) days from the date the deposit, shall be equivalent to ½ of the rate
given on the date of deposit or the prevailing savings rate whichever is higher.
3. Automatic Roll-Over
A deposit not withdrawn on its due date shall be subjected to automatic roll-over with the
principal as the roll-over amount at the same term as the original deposit. Interest income on the
original deposit shall only be included in the roll-over-amount subject to my/our prior written
authorization. Moreover, interest shall be the posted interest rate for HYSA at the time the
automatic roll-over is effected.

ADDITIONAL T&C FOR TIME DEPOSIT ACCOUNT

I/We understood that this account is opened subject to the additional T&C herein contained and
to the rules and regulations of the BSP, other government regulatory authorities and the BAP.
1. I/We agree that this deposit shall earn interest based on the rate specified in my /our Time
Deposit Certificate.
2. I/We must present the properly endorsed certificate upon applying for withdrawal of my/our
deposit and surrender the same upon repayment of the amount.
3. In case of pre-termination, I/we shall give a written notice to LBP seven (7) days prior to
my/our withdrawal.
4. Unless presented on the date of maturity for withdrawal, LBP shall dispose of my/our deposit
in accordance with the Time Deposit Renewal Instructions I/we signed upon placement.
 CLASS D
Annex C
5. Other T&C applicable to Time Deposit Account are incorporated in the certificate.

ADDITIONAL T&C FOR LANDBANK e-BANKING FACILITIES & SERVICES

By maintaining my/our Account or Accounts with LBP, I/we am/are eligible to enroll my/our
Account or Accounts with LANDBANK e-Banking facilities and services such as weAccess,
wePayAccess, etc., subject to the laws, rules, regulations and official issuances applicable to the
e-Banking Facilities, and any or all amendments thereof that may be issued in the future.
I/We understand that LBP may send or communicate with me/us via text
messages (SMS) through my/our SMS-enables mobile phone, email messages
and/or other electronic alerts, reminders, and/or notices from time-to-time
concerning matters relating to my/our Account by the use of any mobile number
and/or email address which I/we provided to LBP.
I/We hereby acknowledge and accept that each SMS or email may be sent to
me/us may include my/our name and information pertaining to my/our Account.
Likewise, I/we fully understand that in communicating to me/us through
SMS/Email, LBP will, in no case, ask from me/us any information about my/our
account. Hence, I/we acknowledge that it is my/our responsibility to ensure the
security of my/our mobile phone as well as my/our personal email address and
to inform LBP of any changes to my/our mobile number and email address in a
timely manner.
All existing T&C of the deposit accounts not inconsistent with the provisions stipulated under the
foregoing additional T&C shall remain in force and effect.

I/We hereby read, understood and agreed to be governed by the foregoing T&C and the
attached Deposit Account Information.
Where an Account is opened jointly with another, my/our rights and obligations therein shall be
joint and not solidary.

_______________________________________________________________
Signature Over Printed Name

_____________________________________________________
Date

_______________________________________________________________
 CLASS D
Annex C
Signature Over Printed Name

_____________________________________________________
Date
Account Number: