- Last year, the government doubled your deposit protection, and millions of Filipinos noticed.
- PDIC now insures deposits up to ₱1 million per depositor per bank, up from ₱500,000 before March 15, 2025. No sign-up required. No extra charge. It's automatic the moment you deposit in any BSP-licensed bank.
- Total insured deposits jumped 40.9% to ₱5.2 trillion by year-end 2025. That's a ₱1.5 trillion increase in one year, driven by Filipinos moving more of their money into banks once the safety net got bigger.
Last year, the government doubled your deposit protection, and millions of Filipinos noticed.
PDIC now insures deposits up to ₱1 million per depositor per bank, up from ₱500,000 before March 15, 2025. No sign-up required. No extra charge. It's automatic the moment you deposit in any BSP-licensed bank.
Total insured deposits jumped 40.9% to ₱5.2 trillion by year-end 2025. That's a ₱1.5 trillion increase in one year, driven by Filipinos moving more of their money into banks once the safety net got bigger.
Your savings account, checking account, time deposit, and foreign currency deposit are all covered. Digital banks like GoTyme, Maya Bank, SeaBank, and CIMB are BSP-licensed too, and the same ₱1 million protection applies.
One more thing: PDIC coverage is per depositor per bank. If you have more than ₱1 million saved, spreading it across different banks gives each deposit its own full coverage.
Find PDIC-insured banks with the best credit card offers on the KKB App plus free FinLit articles on how to make your savings work harder for you.
Download here 👇