How to Open an ATM Savings Account at Luzon Development Bank (LDB)

A few days ago, I needed to open an account at Luzon Development Bank (LDB) because a client mentioned their company finds it more convenient to do bank wire transfers with this bank. LDB runs its ATM services on the Bancnet network and not on MasterCard or Visa.

I tried checking their official website and Facebook page for account-opening requirements, but I found that the information was outdated and different from what was actually required at the branch.

Updated Requirements for LDB ATM Savings Account (2026)

Here are the official requirements they asked from me at the LDB Makati Branch as of April 2026:

2 valid IDs with signatures
Company ID
Proof of billing
Proof of income
2 1×1 inch ID photos
₱1,000 minimum initial deposit
TIN number

They prefer valid government-issued IDs with your signature. Since the PhilSys National ID doesn’t have a signature, they asked me to print my digital ID from the eGovPH app. If you don’t have an account yet, download it here: https://e.gov.ph/

If you don’t have a proof of billing (for example, utility bills under your parents’ or landlord’s name), you can submit a barangay certificate of residency as an alternative.

For proof of income, submit your monthly payroll and a certificate of employment that indicates your gross monthly salary. Usually, your maximum transaction amount will be based on this gross salary.

The ₱1,000 initial deposit also acts as the minimum maintaining balance for your account.

Step-by-Step Process

Opening an account is straightforward as long as you have all the required documents.

Get a number from the guard, afterwards the bank staff will call you.
Submit your requirements for verification. They will photocopy your IDs and ask questions about your identity, purpose, and income.
The staff will print your customer information sheet for you to sign. You’ll also sign sample signatures on your ID photocopies and on signature cards.
After 1–2 hours, they will give you your ATM card, activate it, and recommend that you immediately change the PIN.

Questions They May Ask

After submitting your documents, the bank may ask personal and financial questions, including:

Your mother’s maiden name
How long you’ve lived at your current address
How long you’ve been working at your current company
How you heard about LDB and your purpose for opening the account
Contact information, including email and phone number

The LDB Banking App

The LDB app is available on both Android and iOS:

LDB’s online banking services are limited. They don’t have website banking, and in the app, you can view your balance and transactions, and receive transfers via Instapay (Gcash, Maya, UnionBank online, etc.). However, you cannot send transfers or pay bills using your balance.

You may need to revisit the branch to enable online banking. When I tried registering, the app showed no record of me. The app feels outdated, but on the plus side, since LDB runs on the Bancnet network, you can access your funds at any Bancnet-supported ATM, including those in 7-Eleven stores.

How to Get There?

LDB’s main office is in Calamba, Laguna, with seven branches in Metro Manila: Makati, Taguig, Pateros, Parañaque, Las Piñas, Muntinlupa, and Marikina. For full addresses and contact details, visit https://ldb.ph/branches.

For me, the most convenient branch was Makati: G/F Salud and Consuelo Bldg., 912 A. Arnaiz Avenue, Makati City. Check the location on Google Maps.

I commuted via MRT, dropping off at Ayala Station. From there, it’s about a 15-minute walk. I’m not sure about bus or jeepney options, but the branch is near One Ayala and SM Makati.

Banking Hours

LDB operates from 9:00 AM to 4:30 PM, Monday to Friday, excluding holidays. Always check their website for updates on banking hours and days.

Final Thoughts

I had never heard of LDB before, and while their online banking services are limited, it is a real Bangko Sentral ng Pilipinas (BSP)–regulated bank. Your savings are insured up to ₱1 million by the Philippine Deposit Insurance Corporation (PDIC), meaning your money is protected if the bank closes.

Overall, it’s an okayish bank. The branches give off a 2010 vibe, and they offer standard banking services. If you need to open an account here for a client or any other reason, the process is straightforward and easy.

Got any thoughts about this bank or need further help? Comment down below and I’d be happy to help!