PDIC insurance

PDIC insurance — the Philippine Deposit Insurance Corporation’s guarantee on bank deposits, currently ₱1,000,000 per depositor, per bank (raised from ₱500k in March 2025). If the bank fails, PDIC pays you back up to the ceiling. It does not cover investment products, non-deposit e-wallet balances, or money you authorized away to a scammer. Larger emergency funds are split across banks to stay fully inside the ceiling.

First used in: 1.2 · The PH order of operations