Insurance payments to BF depositors on
BANCO Filipino Savings & Mortgage Bank (BF) depositors of the Dagupan branch with account balances of P5,000 and below, have no outstanding loans and with updated addresses in the bank’s records can begin to expect their insurance payments through the mail.
This was announced the by Philippine Deposit Insurance Corporation (PDIC) and confirmed it has started mailing the payments.
The payment is in postal money orders (PMOs), which can be encashed in more than 1,400 post offices and over 300 LandBank of the Philippines branches nationwide.
“This is the first batch of payments and mailing of PMOs to depositors will continue daily. Please allow time for the delivery of the PMOs to your houses,” PDIC Executive Vice President Cristina Orbeta said.
Orbeta also reiterated that those who have outstanding loans and incomplete address will need to file claims.
Depositors with accounts above P5,000 also need to file a claim form.
“We reassure the public that we will pay deposit insurance for all valid accounts The whole organization is being mobilized to fast-track the claims settlement operations to pay these accounts as soon as possible.” Orbeta said.
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