Lists of Closed Banks from 2000 to 2020

Here are links to lists of closed banks in the Philippines from 2000 to 2020:

2018        2019        2020
2017        2016        2015        2014        2013        2012
2011        2010        2009        2008        2007        2006
2005        2004        2003        2002        2001        2000

How much will PDIC cover if your bank fails?
If your bank fails, the PDIC will cover your total deposits in your failed bank up to 500,000 pesos.

If you have more than one account or more than one type of deposit account in your branch, or have accounts in other branches of your bank, these will be added together for coverage computation, but the PDIC will cover only up to 500,000 pesos.

If you have a joint account, it has a separate insurance.

You will be required to file your claim according to instructions that will be published by the PDIC.
See here how to file your claim with the PDIC.

If your total deposit with the failed bank is 100,000 pesos or below, you will not need to file your  claim. Your check will be mailed to your address in the form of a postal money order. But if you are a borrower, co-borrower or a spouse of a borrower, or if your contact details are not updated, you need to contact the bank, or attend the scheduled PDIC meeting at the bank premises, as announced on posters in the bank premises.

All valid accounts in banks operating in the Philippines, including foreign currency deposit accounts, are covered by the PDIC deposit insurance, including branches or subsidiaries of foreign banks.

Excluded from the deposit insurance are:

  • Cash cards
  • Electronic reloadable cards
  • Visa or Mastercard prepaid or debit cards which are not savings accounts
  • Investment products such as bonds, securities, and trust accounts
  • Deposit accounts which are unfunded or fraudulent
  • Deposit accounts determined to contain money from unsound banking practices or from unlawful activities as defined by the Anti-Money Laundering Law.

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