QuestionsQuestions (PDIC REGULATORY ISSUANCE NO. 92-4)
The requirement is based on Section 16(a) of R.A. 3591, as amended.
They are (1) Desktop signs and (2) sticker or decal signs.
At each teller’s counter or window where insured deposits are usually and normally received.
At each banking unit’s main entrance/doors.
An insured bank must either display a desktop sign or post a sticker, whichever is appropriate.
The signs must be displayed conspicuously and continuously.
Yes. The alternate sign must have the same size, wording, and appearance as the official sign, and must be approved in writing by PDIC as conforming to PDIC Rules and Regulations (Sec. 6.01), typically granted only in individual cases where the official sign is not harmonious with the bank’s counters/fixtures or cannot be adequately displayed due to construction.
Yes. Temporary exemptions may be granted upon written application by the bank, with approval by the PDIC Board of Directors.
Those relating to (a) deposits, (b) ATM service, (c) advertisements that do not show or mention any particular service being offered, and (d) advertisements which PDIC deems as requiring inclusion of the insurance statement.
(1) The official advertising statement: “Member of the Philippine Deposit Insurance Corporation. Deposits Insured up to P100,000.00” for all printed advertisements; and (2) the short title: “Member: PDIC” for all TV, film strips, and radio advertisements.
It is a pattern of the same design as the sticker or decal. It may be used in printed advertisements as an alternative to the PDIC insurance statement.
It may be excluded in: (1) advertisements relating to trust business/products, safekeeping box services, real estate services, armored car services, securities business, travel department business, loan services, trade financing, and credit card services (except when acquisition of a credit card requires maintaining a deposit account); (2) advertisements promoting human values; (3) impractical advertisements where including the statement/emblem is impractical (e.g., ads not setting forth the bank name unless identifiable, and promotional items too small); (4) Statements of Condition and Reports of Condition required by law; and (5) bank supplies like stationery, envelopes, deposit slips, checks, drafts, signature cards, passbooks, CTDs, etc.
Yes. It may be translated into another dialect or language provided that the translation has been formally approved by PDIC.
The short title cannot be substituted for the official advertising statement in advertisements for which the official statement is mandatory.
In television or film strip advertisements, the short title must be shown for at least three (3) seconds.
A particular mention of the short title must be made in radio advertisements.
The prints should not be smaller than the smallest letter of the advertisement, but in any case no less than 10 pts. type bold.
A penalty of not more than P1,000 for each day a violation has been committed, in accordance with Section 14(a) of R.A. 3691, as amended.
It must (1) inform PDIC in writing of the particular circumstance hindering display, and (2) present the substitute sign to PDIC for approval.