The Social Security System (SSS) is set to provide a calamity loan to members who have been affected by the enhanced community quarantine (ECQ) because of the COVID-19 outbreak. In this article, we will teach you the Enroll my bank account in My.SSS feature.
NOTE: This is important because the SSS would be dispersing the funds through here. Especially now while we’re under an enhanced community quarantine (ECQ), no one would be able to go out to claim it.
Before we get to that specific topic, what is this SSS calamity loan? Who can get it? And what requirements and qualifications are needed?
SSS Calamity Loan Overview
This nationwide calamity loan program is available to SSS members who are:
- The home address of the member should be at a declared State of Calamity
- Members who’ve had at least 36 months of contributions; with six (6) posted within the past 12 months on or before the month of the application.
- Should not be a delinquent borrower
- Must have not availed any SSS benefit or claim such as:
- Permanent disability
- Retirement Program
In addition to that, the following documents will be required for the application:
- Official Barangay Certification
- Duly accomplished Calamity Loan Assistance Application Form (accessible in the sss.gov website)
- At least one (1) primary ID:
- Unified Multi-Purpose ID (UMID)
- Professional Regulation Commission (PRC) ID
- Seaman’s Book
- Driver’s License
- Or two (2) secondary IDs
- Company ID
- PhilHealth ID
- Senior Citizen ID
- Voter’s ID
- Taxpayer’s Identification Number (TIN) ID
Now that you know the qualifications as well as the documentation requirements, let’s get to the Enroll my bank account in My.SSS feature.
Why do you need to enroll your bank account?
Regardless of what type of loan or benefit you claim from the agency, the SSS can send the loan proceeds directly to your bank account.
That’s registering or enrolling your bank account through the My.SSS portal is important.
Who can enroll their bank accounts?
Any member of the SSS who are in the country can enroll their bank accounts through the portal. This includes:
- Voluntary members
- Self-employed SSS members
- Employed SSS members
NOTE: It is imperative to go through this guide on how to enroll my bank account in My.SSS first before you apply for any loan. This way, you’re sure that they’ll be able to send the funds to your bank account directly.
Steps to enroll your bank account through the My.SSS portal
- Log-in to your SSS account
- Once logged-in, hit on the e-Services tab and select Bank Enrollment
- You will be shown three (3) fields that you need to fill out:
- Bank Name (choose from the list of banks available)
- Bank Account Number (type-in your account number *not the card number*
- Confirm Bank Account Number (confirm your bank account number)
- Hit on the textbox that says “I agree that the information (personal and/or sensitive personal data as provided under the Data Protection Act of 2012) collected through this form/module shall be used and retained by SSS for the processing of benefits, claims, and loans.
- Click on Enroll Bank Account
- A prompt will appear saying Your Bank Account Details will be submitted to the SSS. Do you want to continue?
- Click on OK
- If it’s successful, you will receive an email confirming that you have successfully completed the enroll my bank account in My.SSS
The process is actually easy and you will immediately see the options and buttons listed here.
When this can be useful?
As of writing, more than 6,000 Filipino people have been reported as confirmed that they are infected. Due to this, the enhanced community quarantine (ECQ) has been placed for aid in the containment of the virus.
This will be useful in times like this especially when you can’t go to your office to cash a check. Moreover, even after the quarantine, all of your loan proceeds, claims, and benefits would be sent straight to your bank account.
What if my bank account closed?
Should your bank account be closed, you can add another bank account. You can do so by following the same steps you did on your first time trying the enroll my bank account in My.SSS feature.
Do you need extra funds during this dire time of need? Weren’t you able to get the subsidy from the DSWD? No worries, the SSS got us all covered!