payment checks

Petition to PDIC: Do NOT mail valid claims payment!

Depositors of the closed Legacy rural banks have little reason to rejoice when the Philippine Deposit Insurance Corporation (PDIC) announced on March 9 that all depositors, including those with deposit balances of more than P100,000.00, can now submit claims.

That’s because according to the PDIC, “payment of valid claims shall be mailed.”

Now, it takes only a bit of common sense to know that sending payment cheques via mail is not a good idea.

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