Malacañang is encouraging banks and other financial institutions to change their internal policies to avert fraudulent activities, following a report by the Bangko Sentral ng Pilipinas (BSP) that ...

P1 million will be given to depositors of closed banks, and not those who may have been victims of scams or hacking.

The P1 million maximum deposit insurance covers deposits made in commercial banks, thrift banks, digital banks and foreign ...