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Luis Campos pushes for bill lifting P500,000 deposit insurance cap

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Richer Filipinos get to benefit from Luis Campos’ bill should it become law.

The Makati congressman wanted to provide a security blanket for bank account holders beyond the current P500,000 limit of insurance coverage per depositor of a bank.

“Kay Cong. Luis – Safe ang savings niyo!,” the politiko said, proudly announcing that his proposal has cleared the committee level.

“Pinag-laban ni Congressman Luis Campos ang mga bank deposit ninyo, dahil sa H.B. 8188 pwede na kayo mag ipon lagpas ng P500,000 at ito ay insured pa rin ng Philippine Deposit Insurance Corporation (PDIC). Ibig sabihin, kahit mag sarado bangko ninyo o ma-hack kayo, yung ipon ninyo na lagpas P500,000 ay guarantisadong ibabalik ng PDIC,” he added.