State-run Land Bank of the Philippines (LandBank) has introduced their basic deposit account (BDA) program "Perang Inimpok Savings Option" or PISO to bring more unbanked and underserved Filipinos into a formal banking system. [caption id="attachment_316105" align="alignnone" width="720"] Photo/ Landbank[/caption] According to LandBank, opening an account through PISO would only require depositors to submit one valid ID or a barangay certificate for verfication. Accountholders through PISO may access LandBank's digital banking channels as well as its mobile banking app for services such as fund transfer, bills payment, balance inquiry among others. They may also use the PISO account via any LandBank, BancNet, and 7-Eleven automated teller machines (ATMs) for cash withdrawals, domestic point-of-sale terminals, and for over-the-counter transactions in their respective Landbank branch of account. Read more in our articles including "Unbanked Filipinos can now open a LandBank savings account with one-peso minimum initial deposit" and "Pasig Mega Market gets Starlink internet for cashless payments".
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Jun 7, 2026State-run Land Bank of the Philippines (LandBank) has introduced their basic deposit account (BDA) program "Perang Inimpok Savings Option" or PISO to bring more unbanked and underserved Filipinos into a formal banking system. [caption id="attachment_316105" align="alignnone" width="720"] Photo/ Landbank[/caption] According to LandBank, opening an account through PISO would only require depositors to submit one valid ID or a barangay certificate for verfication.
Accountholders through PISO may access LandBank's digital banking channels as well as its mobile banking app for services such as fund transfer, bills payment, balance inquiry among others. They may also use the PISO account via any LandBank, BancNet, and 7-Eleven automated teller machines (ATMs) for cash withdrawals, domestic point-of-sale terminals, and for over-the-counter transactions in their respective Landbank branch of account.
Our coverage of PISO savings account includes: "Unbanked Filipinos can now open a LandBank savings account with one-peso minimum initial deposit"; "Pasig Mega Market gets Starlink internet for cashless payments"; "Banks, e-wallets face new BSP rules on digital payment fees". Each article provides unique insights and information.