PDIC urges depositors to always keep records of their bank transactions

ILOILO CITY, June 17 — The Philippine Deposit Insurance Corporation (PDIC) will be embarking on more advocacies following the signing of the Deposit Insurance Law by President Benigno S. Aquino III. Logo photo courtesy of trb.com.ph PDIC president Cristina Que Orbeta, during an interview at the sidelights of the 14th annual meeting and international conference of the International Association of Deposit Insurers (IADI) that culminated today said that is important that depositors keep a record of their bank transactions. “The law allows us to pay on the basis of depositors’ record. Before the amendment of the law, the basis for payment of insurance is records at the bank,” she said. Also, she added that it is important that “deposits are recorded properly on their certificates and transactions are done within bank premises so that in event that anything happens to the bank they can claim their deposits.” “Keep your deposit [...]