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PNB vs. Santos

PHILIPPINE NATIONAL BANK v. CARMELITA S. SANTOS

G.R. No. 208293 & 208295 | 2014-12-10

Republic of the Philippines
Supreme Court
Manila
 
SECOND DIVISION
 
DECISION
 
LEONEN, J.:
 
The standard of diligence required of banks is higher than the degree of diligence of a good father of a family.

Respondents are children of Angel C. Santos who died on March 21, 1991.[1]

Sometime in May 1996, respondents discovered that their father maintained a premium savings account with Philippine National Bank (PNB), Sta. Elena-Marikina City Branch.[2] As of July 14, 1996, the deposit amounted to P1,759,082.63.[3] Later, respondents would discover that their father also had a time deposit of P1,000,000.00 with PNB.[4]

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