PDIC tells savings bank creditors to file claims

Published January 4, 2020, 12:00 AM

by manilabulletin_admin

By Chino S. Leyco

State-run Philippine Deposit Insurance Corp. (PDIC) is reminding creditors of the closed Maximum Savings Bank, Inc. to file their claims within the next weeks against the lender’s assets.

In a statement, PDIC said yesterday that individuals or entities with a valid claim against the assets of the closed Maximum Savings Bank have only until January 20 this year to file their claims.

Likewise, depositors with uninsured deposits that exceed the maximum deposit insurance coverage (MDIC) of ₱500,000 are urged to file their claims, PDIC said.

“Depositors with account balances of more than ₱500,000 who have already filed claims for the insured portion of their deposits as of January 21, 2020 are deemed to have filed their claims for the uninsured portion or the amount in excess,” it said.

PDIC pointed out that claims filed after January 20 will not be accepted. Creditors may file their claims personally at the PDIC headquarters in Makati City or through mail, but most have a postmark dated not later than January 21, 2020.