PDIC: What I think of them?

For those who are not familiar, PDIC is the Philippine Deposit Insurance Company.  Like any other countries, there is an agency that governs and protects deposits, equivalent to certain amount.


I have noticed (and I think this is mandatory), when I enter a bank, they posts the picture above at the door.  At least I know.  Feels a bit secure.

Deposits in the Philippine banks are insured for Php 500,000 (Philippine Pesos).  Not that much maybe but at least you know you'll get something when, God forbids, your bank closes.