Deposit Protection
PDIC Insurance
Your deposits with UNO Digital Bank are protected by the Philippine Deposit Insurance Corporation (PDIC) up to ₱500,000 per depositor.
Your deposits with UNO Digital Bank are protected by the Philippine Deposit Insurance Corporation (PDIC) up to ₱500,000 per depositor.
The Philippine Deposit Insurance Corporation (PDIC) is a government instrumentality created in 1963 to protect depositors by providing deposit insurance coverage for all deposit accounts with banks.
PDIC is an attached agency of the Department of Finance and is the sole deposit insurer in the Philippines. It provides deposit insurance coverage for all types of deposits in banks, including savings, checking, and time deposits.
UNO Digital Bank is a member of PDIC, which means all your deposits with us are automatically covered by deposit insurance up to the maximum coverage limit.
₱500,000 per depositor per bank
This is the maximum amount that PDIC will pay to each depositor if a bank fails.
All deposits are automatically covered. No application or premium payment required from depositors.
Coverage is calculated per depositor, not per account. Multiple accounts are combined for coverage calculation.
Regular savings and high-yield savings accounts
Current accounts and checking accounts
Fixed-term deposits and certificates of deposit
NOW accounts and similar instruments
If you have multiple accounts, all balances are combined and covered up to ₱500,000 total.
Each co-owner is covered up to ₱500,000. A joint account with 2 owners can be covered up to ₱1,000,000.
Individual and joint accounts are treated separately for coverage purposes.
You have ₱300,000 in savings + ₱200,000 in checking = ₱500,000 total (fully covered)
Joint account with ₱800,000 = ₱400,000 covered per co-owner (₱800,000 total covered)
You have ₱700,000 total = ₱500,000 covered, ₱200,000 not covered
If a bank fails and is closed by the BSP, PDIC steps in to protect depositors.
PDIC calculates each depositor's total deposits and determines coverage amount.
PDIC pays insured deposits directly to depositors, usually within 30 days.
BSP closes the bank and appoints PDIC as receiver
PDIC publishes notice of bank closure and claims process
Depositors have 90 days to file claims (extensions may be granted)
PDIC pays insured deposits within 30 days of claim approval
Yes, your deposits with UNO Digital Bank are protected by PDIC insurance up to ₱500,000 per depositor. We are also regulated by the Bangko Sentral ng Pilipinas and follow strict banking regulations.
No, PDIC insurance is automatic for all deposits in banks. You don't need to apply or pay any premium. Your deposits are covered as soon as you open an account.
Only the first ₱500,000 is covered by PDIC insurance. Any amount above this limit is not insured. You may want to consider spreading larger amounts across multiple banks to maximize coverage.
PDIC typically pays insured deposits within 30 days of claim approval. The exact timeline depends on the complexity of the case and the completeness of required documentation.
Bank with confidence knowing your deposits are insured by PDIC up to ₱500,000 per depositor.