BF depositors’ to file claims on April 28-May 13
DEPOSITORS of closed Banco Filipino in Pangasinan with account balances above P10,000, and with P10,000 and below but with outstanding loans and incomplete addresses in the bank records are advised to file their claim forms with the Philippines Deposit Insurance Corporation (PDIC) between April 28 and May 13.
The schedule for filing, which will be based on alphabetical listing of depositors’ surnames, will be posted at the PDIC website, www.pdic.gov.ph, on April 19 and at all bank branches on April 26.
The PDIC issued a reminder to claimants to bring the complete requirements for filing claims. The requirements are also posted in the PDIC website.
PDIC targets to start payout for these accounts by July.
The PDIC has so far paid deposit insurance to 33,440 depositors through Postal Money Order (PMO).
The payments amounted to almost P59 million for account balances of P5,000 and below with no outstanding loan and with complete addresses in the bank records.
Mailing of payments is continuing and completion of payment for these accounts is expected by May this year.
PDIC will then start paying depositors with balances of over P5,000 up to P10,000 also without the need to file claims.
The expansion of the waiver of filing requirements to include accounts up to P10,000 was made recently and will also apply to banks closed after March 17, 2011.
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