affordableCebu total members
Home » Articles » Banking

What Banks in the Philippines are Safe and Insured?

Banks are vital institutions where you should keep your money safe. But some of you might be curious and wise. You might want to cast your doubts and want to be 100% comfortable to the bank where you entrusted your money as banking is based on trust. It's so hard to earn money right? And you want to keep and deposit it to the bank in the Philippines which is safe and insured. So, as your guide to choose from, here's a list of the major Banks in the Philippines which are safe and insured. They are all insured in the Philippine Deposit Insurance Corporation (PDIC), a government-owned institution which has the following functions: Deposit Insurer, Co-Regulator of Banks, Receiver and Liquidator of Closed Banks. The maximum deposit insurance coverage is Php 500,000 per depositor.
Philippines' Safest and Insured Banks


Banco De Oro (BDO) Unibank, Inc.
  • Main Office Address: BDO Corporate Center, 7899, Makati Avenue, H.V. dela Costa Street, Baranggay Bel-Air, City of Makati, Metro Manila, NCR
  • Total Number of Offices: 831
  • Official Date Opened: January 26, 1968
  • Phone Number: (02) 878-4579
BDO Private Bank (subsidiary of BDO Unibank)
  • Main Office Address: Mezzanine 2nd Floor, BDO Equitable Tower #8751, Paseo de Roxas Street., Baranggay Bel-Air City of Makati, Metro Manila, NCR
  • Official Date Opened: January 8,1996
  • Number of Office: 1
  • Phone Number: (02) 848-6300
Metropolitan Bank and Trust Corporation (Metrobank)
  • Main Office Address: Metropolitan Plaza Bldg., Sen. Gil Puyat Avenue (Buendia), Baranggay Bel-Air, City of Makati, Metro Manila, NCR
  • Official Date Opened: September 5, 1962
  • Number of Offices: 646
  • Phone Number: (02) 898-9828
Bank of the Philippines Islands (BPI)
  • Main Office Address: Ground Floor BPI H.O. Bldg., Ayala Avenue, Baranggay San Lorenzo, Makati City, Metro Manila, NCR
  • Official Date Opened: March 11, 1946
  • Number of Offices: 671
  • Phone Number: (02) 816-9418
Land Bank of the Philippines (LandBank)
  • Main Office Address: 1598 M.H. del Pilar St., J. Quintos, Jr., Street, Baranggy 699, Malate City of Manila, Metro Manila, NCR
  • Official Date Opened: August 9, 1966
  • Number of Offices: 353
  • Phone Number: (02) 405-7103
Rizal Commercial Banking Corporation (RCBC)
  • Main Office Address: 6819 Yuchengco Tower, RCBC Plaza, Ayala Avenue, Baranggay Bel-Air, Makati City, Metro Manila, NCR
  • Official Date Opened: January 2, 1963
  • Number of Offices: 262
  • Phone Number: (02) 894-9932
Development Bank of the Philippines (DBP)
  • Main Office Address: DBP Bldg, Sen. Gil Puyat Avenue (Buendia), Baranggay Urdaneta, Makati City, Metro Manila, NCR
  • Official Date Opened: October 29, 1946
  • Number of Offices: 97
  • Phone Number: (02) 818-9511
Philippine National Bank (PNB)
  • Main Office Address: PNB Financial Center, Diosdado Macapagal Avenue, Baranggay 79, Pasay City, Metro Manila, NCR
  • Official Date Opened: July 23, 1945
  • Number of Office: 626
  • Phone Number: (02) 526-3289
Unionbank of the Philippines (Unionbank)
  • Main Office Address: UBP Plaza, Meralco Avenue, Onyx St., Baranggay San Antonio, Pasig City, Metro Manila, NCR
  • Official Date Opened: August 21, 1968
  • Number of Offices: 190
  • Phone Number: (02) 636-6386
China Banking Corporation (ChinaBank)
  • Main Office Address: 875, Paseo de Roxas Street, Baranggay Bel-Air, Makati City, Metro Manila, NCR
  • Official Date Opened: July 23, 1945
  • Number of Offices: 299
  • Phone Number: (02) 885-5955
Citibank
  • Main Office Address: 8741 Citibank Center, Paseo de Roxas Street, Baranggay Bel-Air, Makati City, Metro Manila, NCR
  • Official Date Opened: June 28, 1945
  • Number of Offices: 6
  • Phone Number: (02) 995-9639
United Coconut Planters Bank (UCBP)
  • Main Office Address: UCPB Executive Offices Bldg., Makati Avenue, Baranggay Bel-Air, Makati City, Metro Manila, NCR
  • Official Date Opened: May 16, 1963
  • Number of Offices: 188
  • Phone Number: (02) 811-9000
East West Banking Corporation (East West)
  • Main Office Address: Podium of the Beaufort, 5th Avenue, 23rd St., Fort Bonifacio, Taguig City, Metro Manila, NCR
  • Official Date Opened: July 6, 1994
  • Number of Offices: 335
  • Phone Number: (02) 575-3089
Bank of Commerce
  • Main Office Address: No. 7 SMPC Street, Francis Drive, Ortigas Avenue, Baranggay Wack-wack, Greenhills, Mandaluyong City, Metro Manila, NCR
  • Official Date Opened: January 8, 1981
  • Number of Offices: 122
  • Phone Number: (02) 982-6000
Maybank Philippines, Inc.
  • Main Office Address: Maybank Corp Centre Boni High St., Central BGC, 7th Avenue, 28th St., Baranggay Fort Bonifacio, Taguig City, Metro Manila, NCR
  • Official Date Opened: January 3, 1961
  • Number of Offices: 79
  • Phone Number: (02) 739-1689
Philtrust Bank (Philippine Trust Company)
  • Main Office Address: 1000 Philtrust Bldg., San Marcelino St., Baranggay 674, Manila City, Metro Manila, NCR
  • Official Date Opened: March 11, 1946
  • Number of Offices: 58
  • Phone Number: (02) 524-9061
Standard Chartered Bank
  • Main Office Address: 6788 Makati Sky Plaza Bldg., Ayala Avenue, Baranggay San Lorenzo City
  • Official Date Opened: July 23, 1945
  • Number of Offices: 6
  • Phone Number: (02) 885-7888
Asia United Bank (AUB)
  • Main Office Address: G/F Joy-Nostalg Center, No. 17, ADB Avenue, Baranggay San Antonio, Pasig City, Metro Manila, NCR
  • Official Date Opened: October 30, 1997
  • Number of Offices: 180
  • Phone Number: (02) 638-6074
Philippine Bank of Communications (PBCom)
  • Main Office Address: 6795 PBCom Tower, Ayala Avenue, Baranggay Bel-Air, Makati City, Metro Manila, NCR
  • Official Date Opened: July 27, 1945
  • Number of Offices: 72
  • Phone Number: (02) 830-7000
JPMorgan Chase Bank
  • Main Office Address: 8767 31/F PhilamLife Tower, Paseo de Roxas St., Baranggay Bel-Air, Makati City, Metro Manila, NCR
  • Official Date Opened: September 9, 1995
  • Number of Offices: 1
  • Phone Number: (02) 575-1199
Hong Kong and Shanghai Banking Corporation (HSBC)
  • Main Office Address: HSBC Center, 3058 Fifth Avenue West, Fort Bonifacio, Taguig City, Metro Manila, NCR
  • Official Date Opened: August 6, 1945
  • Number of Offices: 7
  • Phone Number: (02) 830-5389
Philippine Veterans Bank (PVB; Veterans Bank)
  • Main Office Address:101 Phil. Vet. Bldg. (Legaspi Vill.), Dela Rosa St., Baranggay San Lorenzo, Makati City, Metro Manila, NCR
  • Official Date Opened: August 3, 1992
  • Number of Offices: 60
  • Phone Number: (02) 902-1787
Robinsons Bank Corporation
  • Main Office Address: Ground Floor Galleria Corporate Center, EDSA Ortigas Avenue, Baranggay Ugong Nore, Quezon City, Metro Manila, NCR
  • Official Date Opened: March 23, 1994
  • Number of Offices: 85
  • Phone Number: (02) 702-9500
Security Bank Corporation
  • Main Office Address: 6776 SBTC Bldg., Ayala Avenue, Baranggay San Lorenzo, Makati City, Metro Manila, NCR
  • Official Date Opened: June 18, 1951
  • Number of Offices: 214
  • Phone Number: (02) 867-6788
CTBC Bank
  • Main Office Address: 16th Floor, Fort Legend Towers, 3rd Avenue, 31st St., Urdaneta, Makati City, Metro Manila, NCR
  • Official Date Opened: September 26, 1995
  • Number of Offices: 24
  • Phone Number: (02) 811-8509
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  • Main Office Address: 6788 - 15th Flr. Sky Plaza Bldg., Ayala Avenue, Baranggay San Lorenzo, Makati City, Metro Manila, NCR
  • Official Date Opened: April 3, 1995
  • Number of Offices: 1
  • Phone Number: (02) 886-7371
Deutsche Bank AG
  • Main Office Address: 26/F Tower 1, Ayala Triangle, Ayala Avenue, Baranggay Urdaneta, Makati City, Metro Manila, NCR
  • Official Date Opened: July 14, 1995
  • Number of Offices: 1
  • Phone Number: (02) 894-6936
Mizuho Corporate Bank
  • Main Office Address: 25/F The Zuellig Bldg., Makati Avenue, Paseo de Roxas St., Baranggay Urdaneta, Makati City, Metro Manila, NCR
  • Official Date Opened: June 30, 1995
  • Number of Offices: 1
  • Phone Number: (02) 860-3500
ING Bank
  • Main Office Address: 20/F Tower One, Ayala Triangle, Ayala Avenue, Paseo de Roxas St., Baranggay Urdaneta, Makati City, Metro Manila, NCR
  • Official Date Opened: July 31, 1995
  • Number of Offices: 1
  • Phone Number: (02) 479-8888
Korea Exchange Bank
  • Main Office Address: 21F Zuellig Bldg., Makati Avenue, Paseo de Roxas St., Baranggay Bel-air, Makati City, Metro Manila, NCR
  • Official Date Opened: July 3, 1995
  • Number of Offices: 1
  • Phone Number: (02) 848-1988
Bank of America, N.A.
  • Main Office Address: 8767 27th Floor, PhilamLife Tower, Paseo de Roxas St., Baranggay Bel-Air, Makati City, Metro Manila, NCR
  • Official Date Opened: April 15, 1947
  • Number of Offices: 1
  • Phone Number: (02) 815-5520
Mega International Commercial Bank
  • Main Office Address: 3/F Pacific Star Bldg., Sen. Gil Puyat Avenue (Buendia) Baranggay Bel-Air, Makati City, Metro Manila, NCR
  • Official Date Opened: July 4 1995
  • Number of Offices: 1
  • Phone Number: (02) 811-5807
Bangkok Bank
  • Main Office Address: 10/F The Enterprise Center, Tower 2, Ayala Avenue, Paseo de Roxas St., Baranggay San Lorenzo, Makati City, Metro Manila, NCR
  • Official Date Opened:
  • Number of Offices:
  • Phone Number:
Bank of China
  • Main Office Address: 8767 36/F Philam Life Tower, Paseo de Roxas St., Baranggay Bel-Air, Makati City, Metro Manila, NCR
  • Official Date Opened: January 28, 2002
  • Number of Offices: 1
  • Phone Number: (02) 885-0111
Al-Amanah Islamic Investment Bank of the Philippines
  • Main Office Address: Mindpro Bldg., La Purisima St., Zamboanga City, Zamboanga del Sur, Zamboanga Peninsula (Region 9)
  • Official Date Opened: August 2, 1973
  • Number of Offices: 11
  • Phone Number: (02) 816-4262
Australia and New Zealand Banking Grp. Ltd.
  • Main Office Address: 9th Floor, MCC Center, 6778 Ayala Avenue, Baranggay San Lorenzo, Makati City, Metro Manila, NCR
  • Official Date Opened: October 3, 1995
  • Number of Offices: 1
  • Phone Number: (02) 841-7777

Take note: This is only a partial list, a list of major commercial banks in the Philippines which are PDIC members. Membership of banks to PDIC is mandatory; therefore, all operating banks in the Philippines are members of PDIC. This means that all operating banks in the Philippines are insured by the PDIC.

Some deposit products/accounts are exempted in the insurance. PDIC will not pay deposit insurance for the following accounts or transactions:
  1. Investments products such as bonds, trust accounts and securities;
  2. Deposit products constituting or emanating from unsafe and unsound banking practices;
  3. Deposit account which are unfunded, fictitious or fraudulent;
  4. Deposits that are determined to be proceeds of an unlawful activity as defined under the Anti-Money Laundering Law.
If you are an accountholder of a particular bank, which do you think is the safest and best bank for you?
- 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.

"What Banks in the Philippines are Safe and Insured?" was written by Mary under the Banking category. It has been read 15523 times and generated 1 comments. The article was created on and updated on 31 March 2015.
Total comments : 1
Pgfatr [Entry]

buy atorvastatin 80mg pills <a href="https://lipiws.top/">purchase atorvastatin online</a> order atorvastatin 10mg without prescription