The P1 million maximum deposit insurance covers deposits made in commercial banks, thrift banks, digital banks and foreign ...

Starting today, more bank savings are going to be protected under the expanded insurance coverage for deposits. The ...

MANILA, Philippines — The Philippine Deposit Insurance Corporation (PDIC) announced an expanded insurance coverage for bank deposits, doubling again the protection for depositors’ funds.

MANILA, Philippines — The Philippine Deposit Insurance Corp. (PDIC) will review the maximum deposit insurance coverage (MDIC) every three years, with the next evaluation set for 2028 ...

meaning they are free to use for other purposes. These are composed of cash and investment balances and are net of restricted funds,” the DOF said. The DOF argued that the PDIC still has a ...