Landbank Cash Card: What do you need to know? - UnliPositive (2024)

The Landbank Cash Card, a reliable and hassle-free financial tool, offers an array of features designed to make your banking experience as easy as possible. Let’s explore the key features, fees, and limits of this card.

What is a LandBank Cash Card?

The LANDBANK Cash Card, tailored for institutional clients, is an electronic debit card that operates securely and conveniently using magnetic stripe technology and a PIN-based protocol.

1. No Opening Deposit: You can get a LANDBANK Cash Card without needing to make an initial deposit, making it accessible to a wide range of users.
2. No Maintaining Balance: Unlike some traditional bank accounts, there is no requirement to maintain a minimum balance in your Cash Card account.
3. No Dormancy Period: You won’t have to worry about your account becoming inactive due to a dormancy period.
4. No PDIC Cover and Account Interest: It’s important to note that this card doesn’t fall under the Philippine Deposit Insurance Corporation (PDIC) coverage, and it does not accrue interest.
5. No Specimen Signature Card (SSC) Requirement: There is no need for a Specimen Signature Card, simplifying the application process.

Functionalities

The LANDBANK Cash Card offers several convenient functionalities:

1. 24/7 Account Access: You can access your account anytime, day or night, through more than 1,400 LANDBANK ATMs and over 14,000 BancNet ATM systems nationwide.
2. Daily Withdrawals: You can withdraw up to P50,000 a day from your Cash Card account, providing flexibility for your financial needs.
3. Point of Sale (POS) Transactions: The Cash Card can be used at over 20,000 accredited merchants for POS transactions, allowing you to make purchases and payments conveniently.

Landbank Cash Card Application

The LANDBANK Cash Card is a versatile financial tool, suitable for a variety of purposes, including:

1. Corporate Credits: Companies can use Cash Cards for disbursem*nt of corporate credits, facilitating efficient financial transactions.
2. Employee Benefits: Providing employee benefits is easier with the Cash Card, ensuring quick and convenient access to funds.
3. Loans: Cash Cards can be used for loan disbursem*nts, simplifying the lending process.
4. Pensions: Pensioners can receive their pension payments through Cash Cards, ensuring timely and secure transactions.
5. Payroll Credits: Companies can streamline their payroll processes by using Cash Cards for employee salaries.
6. Commissions of Agents/Sales Personnel: Sales agents and personnel can receive their commissions conveniently through Cash Cards.
7. Reimbursem*nts, Allowances, Bonuses: Various financial disbursem*nts, such as reimbursem*nts, allowances, and bonuses, can be efficiently handled through Cash Cards.
8. Funds Remittance: The Cash Card is an excellent tool for funds remittance, allowing individuals to send money to their loved ones.
9. Collection Mode for Merchants: Businesses can accept payments from customers through Cash Cards, offering a secure and convenient collection mode.

LandBank Cash Card Features

A. Opening Deposit: None – Say goodbye to the need for an initial deposit. With the Landbank Cash Card, you can get started without worrying about an opening deposit.

B. Maintaining Balance: None – No need to maintain a specific balance in your account. This card allows you to keep your money without the burden of minimum balance requirements. You can also check your Landbank Cash Card Balance Online.

C. Account Interest: None – While you won’t earn interest on your balance, you also won’t incur any fees for maintaining your account.

D. Dormancy Period: None – Forget about account inactivity concerns; your account will not be deactivated due to dormancy.

E. Aggregate Credits: Max. of P100,000.00 per month – You can receive up to P100,000.00 per month in credits, giving you flexibility in managing your finances.

F. Documentation: Enrollment Form and at least 1 valid ID – Getting started is simple; just fill out an enrollment form and present one valid ID.

G. Bank Statement: N/A – Monthly bank statements are not required, making your banking experience even more straightforward.

H. Card Validity Period: 3 years, subject to reactivation – Your Landbank Cash Card is valid for three years. You can easily extend its validity through reactivation.

I. ATM Convenience: – Enjoy round-the-clock ATM access through more than 1,400 LANDBANK and over 14,000 BancNet ATM systems nationwide. – Withdraw up to P50,000 a day, providing you with quick access to your funds. – Make purchases up to P50,000 a day via Point-of-Sale (POS) at over 2,000 accredited merchants, giving you the flexibility to shop conveniently.

Fees and Limits

• Card Cost: P 100.00
  • Acquire this convenient card for a minimal fee of P 100.00.
• Replacement Fee: P 150.00
  • In case of a lost or damaged card, a replacement is available for P 150.00.
• Reactivation Fee: P 50.00
  • Extend the validity of your card for just P 50.00.
• ATM Limit/day: P 50,000.00
  • You can withdraw up to P 50,000.00 in a single day, ensuring quick access to cash when you need it.
• POS Limit/day: P 50,000.00
  • Spend up to P 50,000.00 per day on purchases at accredited merchants, making your card versatile for daily transactions.

The Landbank Cash Card offers a simple, accessible, and affordable financial solution for your everyday needs. With no opening deposit, maintaining balance, or dormancy concerns, this card ensures that your banking experience is as straightforward as possible.

With a three-year card validity period and convenient ATM and POS features, it’s designed to make your financial life more convenient. Don’t hesitate – get your Landbank Cash Card today and take the first step towards simpler, stress-free banking.