Determination of amount due
1. Add together all deposits in the bank maintained in the same right and capacity for his benefit either in his own name or in the name of others
2. If a bank has one or more branches, the main office and all branch office are considered as one bank
3. A joint account regardless of whether the conjunction "and," "or," "and/or" is used, shall be insured separately from any individually-owned deposit account
4. If the account is held jointly by two or more natural persons, or by two or more juridical persons or entities, the maximum insured deposit shall be divided into as may equal shares as there are individuals, juridical persons or entities, unless a different sharing is stipulated in the document of deposit
5. If the account is held by a juridical person or entity jointly with one or more natural persons, the maximum insured deposit shall be presumed to belong entirely to such juridical person or entity
6. The aggregate of the interest of each co-owner over several joint accounts, whether owned by the same joint accounts, whether owned by the same or different combinations of individuals, juridical persons or entities, shall likewise be subject to the maximum insured deposit of PhP500,000.00