SPECIAL DISBURSEMENT ACCOUNT (SDA)
A non-interest bearing holding account of all members where unclaimed overpayment, excess deposits are maintained pending withdrawal of of the member. It is also where proceeds of APSFI, interest of PCGSLAI Time Deposit Accounts and matured PCGSLAI Time Deposit Placements are credited for withdrawal of member-depositors.
ELIGIBILITY
all PCGSLAI members FEATURES
Automatically opened for All PCGSLAI members
Minimum Deposit –None
Deposit Transaction - Not allowed, all deposit and/or credit transactions are initiated by the PCGSLAI.
Withdrawal Limits – None, subject to existing PCGSLAI Withdrawal Policy. click here to Download FEES AND OTHER CHARGES
LOST PASSBOOK FEE - P200
LBP SERVICE CHARGE – to be charged for withdrawal that are deposited to the member’s LBP ATM Account. Paid directly to Landbank and shall be deducted from the total deposits. DOCUMENTATION
PASSBOOK – to be issued by the PCGSLAI as a proof of members deposits and to record all transactions or movement in the account.
