Home » Articles » Banking

Can I renew or reactivate closed bank account in LandBank?

If you have zero balance on your bank account in LandBank for more than a two years or if your bank account didn't maintain the required minimum maintaining balance for a long period of time, chances are your account will be a candidate for a closure. LandBank will close those type of accounts or accounts that are dormant or inactive for more than two years. Then, here you go, you want to use that inactive account again. Can you renew that inactive or closed account (Passbook or ATM) in LandBank?

Answer

According to LandBank's Customer Service Representative, once an account is closed, it cannot be reopened or reactivated. You will have to open a new account (with new account number) with you LandBank branch.

If you want to open a new account, don't forget to bring the requirements:

Two (2) valid id's
Two pieces 1"x1" photo id (recent and formal photo is recommended)
Php 500 initial deposit (for account with ATM access)
TIN or Tax Identification Number, if employed
Proof of Billing (e.g. Landline/Internet bill, electricity bill, water bill, etc.)

Tips

To avoid your bank account being closed, you must maintain the required minimum balance, transact to your account (deposit or withdraw) at least once a year. Dormant or inactive LandBank accounts for more than two years could be closed or could be charged a dormancy fee.
Enroll your LandBank account to its internet banking facility called LandBank iAccess Retail Internet Banking for easier and more convenient access of your account. With internet banking, you can monitor you LandBank account anytime and anywhere and you can also pay your bills online.
It's better to maintain the minimum balance and earn interest than to pay the penalty of falling below maintaining balance.

Do you have any concern or problem with your LandBank (Passbook or ATM) account?

- https://www.affordablecebu.com/

Please support us in writing articles like this by sharing this post

Share this post to your Facebook, Twitter, Blog, or any social media site. In this way, we will be motivated to write articles you like.

--- NOTICE ---
If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.

"Can I renew or reactivate closed bank account in LandBank?" was written by Mary under the Banking category. It has been read 37110 times and generated 1 comments. The article was created on 21 July 2016 and updated on 21 July 2016.

Total comments : 12

Comments display order:

Jessa [Entry]

Good day. Ask lang po ako. Makaka re activatr paba ako sa savings account ko sir? Hindi paman xa 2years sir.. Pero wala na nga lang remaining bal sir..

Eleanor jean mina [Entry]

Good day po..ask kolang kasi nakulangan ng 2 pesos yong mentaining bal.ng atm ko pagkawithdraw ko kasi sa ibang machine mabablock po ba ito agad kapag di napunoan yong 2 pesos?

Sheryl B. Pajalla [Entry]

My old account is already closed and someone deposited money to my account. Can I Get my money from my old account?

Analou Bandoquillo [Entry]

can i open an account using my maiden name?

Giesel Valencia [Entry]

Hi, I would like to know if I can whethet my landbank account is still active. Is there any online solutions to this?

Juanie lauzon dorado [Entry]

Hi I want to open account landbnk but I'm here in kuwait

Juanie lauzon dorado [Entry]

Hi I want to open account landbnk but I'm here in kuwait I'm ofw so what we will do.

Cheryll may deocampo [Entry]

hi... i recently transferred money to my mother's account which was inactive for a couple of months... she tried to withraw it but the machine showed "transaction cannot be found". Is her account considered dormant account and what will happen to the money that i transferred can we still withraw it?

Guest [Entry]

cheryll, you need to go to your bank and tell that matter. Bring with you your mother and her valid ID (government-issued).

Liezl J. Gomez [Entry]

My deceased father has a passbook, almost 8 years wihout using it but it has a remaining balance of 600+ . Does it still active or not??

Mario Bueza Biso [Entry]

What is the requirement of closing an ACTIVE Bank Account?
The said ACTIVE Bank Account still have a deposit amount in it,
In FACT, the said ACTIVE Bank Account is a Payroll Account where pension is monthly deposited.

With the facts referring to ACTIVE Bank Account as above-stated, Is it possible to Close an ACTIVE Bank Account?????

Pedilaine Suarez [Entry]

I have an IAcces account with quite a substantial amount of around 500,000 pesos in it in landbank and becuase i am now residing in Australia on a partner visa and the account has not been used for 2 years they have made it dormant , we kept this money in the account for my mother incase of emergencys
I recieved no email to let us know about the account being made dormant which was about 3 weeks ago and would like to know what i can do ?
As far as i know they are supposed to notify of a closure of your account ?