Online banking apps and mobile wallets have grown in popularity in recent years due to their cashless nature. Given the choice of going to the bank and carrying bundles of cash, or performing online transactions using a mobile app, most people would definitely prefer the latter. You can even perform cashless transactions with the government; the SSS, for example, now allows you to enroll your bank account online and receive your benefits directly in your bank account or e-wallet.
Through the Disbursement Account Enrollment Module (DAEM) of My.SSS, you can enroll your bank account or e-wallet with the Social Security System (SSS) to expedite the release and disbursement of your loan proceeds and benefits. In fact, the SSS has made it compulsory for employers and members to enroll their bank accounts in DAEM. SSS members who have not enrolled their bank accounts will not be able to receive their benefit claims and loan proceeds.
With that in mind, enrolling your bank account in SSS online is definitely what you should do as soon as possible. Even if you are not applying for a salary loan or claiming benefits right now, it’s still advisable to enroll your bank account because you might have to apply for a loan or claim benefits in the future. It will take some time for the SSS to approve your enrolled disbursement account, so it’s definitely better to do it now than wait for the moment when you have to apply for benefits.
If you don’t have a bank account, you can apply for a UnionBank account online using your mobile phone. All you need is a valid ID and you will have your own bank account without personally going to the bank. You can also enroll your GCash or Maya e-wallet if you can’t open a bank account.
Important notice: The SSS has tightened the disbursement account enrollment considerably. You now have to upload three documents, not just one. Along with your proof of account, you also need a government-issued ID and a selfie of yourself holding both. Prepare them before you start the enrollment process, because the My.SSS portal doesn’t let you save your progress.
Table of Contents
SSS Bank Enrollment Step-by-Step Process
To enroll your bank account in SSS, you must have an active My.SSS account, as well as a PESONet-participating bank account or e-wallet account (GCash or Maya). You must be the owner of the said bank account or e-wallet.
Step 1: Login to Your My.SSS Account
Open the My.SSS member portal and sign in with your user ID and password.
If you forgot your user ID and/or password, read this article to learn how to retrieve it.
Step 2: Open the Disbursement Account Module
Once you’re logged in to your My.SSS account, click Services on the main menu, and then click Disbursement Account on the dropdown.
Step 3: Read the Disbursement Account Enrollment Reminders
A pop-up called “Disbursement Account Enrollment Reminders” appears. Read it carefully, check the box that says “I certify that I have read and understood the foregoing reminders on account enrollment,” and then click Proceed.
Step 4: Enter Your Bank Account Details
Choose either BANK or E-WALLET / RTC / CPO. RTC stands for “remittance transfer company” and CPO means “cash payout outlet.” Then fill in these fields:
- PESONet Participant Name – Select your bank from the dropdown field. Example: Bank of the Philippine Islands (BPI).
- Bank Account Number – Enter your bank account number or e-wallet account number. Account numbers must be entered as a continuous string of numbers (e.g., 123456789) without any hyphens, spaces or special characters (e.g. #, +). Use your account number, not the number printed on your ATM card.
- Confirm Bank Account Number — Type it again for confirmation.
Click Next when you’re done.
Important reminder: E-wallet, RTC and CPO accounts cannot be used for loan disbursement. If you’re planning to apply for a salary or calamity loan, enroll a bank account.
Step 5: Upload Your Proof of Account
You’re now on the Supporting Documents screen. Click the dropdown field and select your Proof of Account, such as:
- ATM card with account number and name
- Bank certificate/statement (issued within the current year)
- Foreign remittance receipt
- Passbook
- Screenshot of online/mobile banking account
- Validated deposit slip
Upload the document or photo (JPG or PDF file) by clicking the “Drop files here or click to upload” box and then selecting the file from your device.
Note: Your uploaded Proof of Account must contain your account name, account number and bank name.
Step 6: Upload Your ID and Selfie
Next, you need to upload a copy of your valid government-issued ID and a selfie photo of yourself holding your Proof of Account and your ID. Read the instructions properly before uploading the documents or photos.
Once all three documents (Proof of Account, valid ID and selfie photo) are successfully uploaded, click Next to proceed to review.
Step 7: Review Your Data and Enroll
Review your bank account details thoroughly. Make sure that you entered the correct bank account number because the SSS will not be held liable in case you provided the wrong information.
You may also click the Review buttons to open each uploaded file and confirm that they’re correct.
Read the certification, check the box for “I certify that all information and documents provided are true and correct…”, and then click Enroll.
Step 8: Successfully Enrolled Your Bank Account
Congratulations! You have successfully enrolled your bank account details to SSS DAEM. You will also receive a confirmation email of your disbursement account enrollment from the SSS, along with your transaction number.
Write down or screenshot your transaction number as you might need it for follow-up.
To enroll another bank account or e-wallet, just repeat the enrollment procedure. You can enroll two or more bank accounts in SSS DAEM.
Step 9: Wait for Approval
You will receive another email after evaluation of your supporting documents to inform you if your application was approved. Check your spam folder if nothing arrives in your email inbox.
Your new account will appear under My Disbursement Accounts on the right side of the screen with the status “For Branch Approval”. Once it’s been approved, the status will change to “Active Disbursement Account”. If you want to cancel your enrollment, click Cancel.
Don’t file your loan or benefit claim until your disbursement account is active. If your disbursement pushes through with an inactive account, crediting of the money might fail and you may have to resolve the issue with the SSS.
SSS Disbursement Channels
Refer to the table below to know the available disbursement channels for specific loan applications and benefit claims, as of this writing.
| Online Transaction | UMID ATM Card | UnionBank Quick Card | PESONet Banks | E-Wallets | RTC/CPO |
|---|---|---|---|---|---|
| Loans (Salary, Calamity) | Yes | Yes | Yes | No | No |
| Pension Loan | Yes | Yes | No | No | No |
| Unemployment Benefit | Yes | Yes | Yes | Yes | Yes |
| Retirement | Yes | Yes | Yes | Yes | Yes |
| Funeral | Yes | Yes | Yes | Yes | Yes |
| Employer Sickness/Maternity Reimbursement | No | No | Yes | No | No |
| SE/VM/OFW Sickness/Maternity Application | Yes | Yes | Yes | Yes | Yes |
As you can see from the table, PESONet bank accounts can be used for all loan applications and benefit claims except for pension loan, while e-wallets cannot be used for loans.
SSS PESONet-Participating Banks and E-Wallets
These are the PESONet-participating banks that are eligible for SSS DAEM enrollment:
- Agribusiness Rural Bank, Inc.
- Al-Amanah Islamic Bank
- Allbank (A Thrift Bank), Inc.
- Asia United Bank
- Australia and New Zealand Bank
- Bangko Kabayan Inc
- Bangko Mabuhay (A Rural Bank), Inc.
- Bangko Nuestra Senora Del Pilar Inc
- Bangkok Bank Public Co
- Bank of America
- Bank of China Unlimited
- Bank of Commerce
- Bank of Florida, Inc (A Rural Bank)
- Bank of Makati
- Bank of the Philippine Islands
- Bayanihan Bank, Inc.
- BDO Network Bank, Inc.
- BDO Unibank, Inc.
- Biñan Rural Bank, Inc.
- BPI Direct Banko
- Camalig Bank Inc (A Rural Bank)
- Cantilan Bank, Inc.
- Cathay United Bank Co., Ltd
- Cebuana Lhuillier Rural Bank, Inc.
- China Bank Savings
- China Banking Corporation
- Citibank, N.A.
- City Savings Bank, Inc.
- Cooperative Bank of Quezon Province
- CTBC Banking Corporation
- Deutsche Bank
- Development Bank of the Philippines
- Dumaguete City Development Bank Inc
- Dungganon Bank Inc.
- East West Rural Bank Inc
- East-West Banking Corporation
- Equicom Savings Bank
- First Consolidated Bank
- Gateway Rural Bank, Inc.
- GoTyme Bank Corporation
- Guagua Rural Bank Inc
- Industrial & Commercial Bank of China, Ltd
- Industrial Bank of Korea-Manila
- Innovative Bank, Inc.
- JP Morgan
- KEB Hana Bank
- Laguna Prestige Banking Corp.
- Land Bank of the Philippines/Overseas Filipino Bank
- LOLC Bank Philippines Inc.
- Malarayat Rural Bank Inc
- Malayan Bank Savings and Mort
- Maribank Philippines Inc. (A Rural Bank)
- Maya Bank, Inc.
- Maybank Philippines, Inc.
- Mega Intl Comml Bank Co. Ltd
- Metropolitan Bank and Trust Company
- Mizuho Bank
- Money Mall Rural Bank Inc
- MUFG Bank, Ltd.
- MVSM Bank (A Rural Bank Since 1953), Inc.
- Netbank (A Rural Bank) Inc.
- New Rural Bank of San Leonardo (Nueva Ecija), Inc.
- Own Bank, the Rural Bank of Cavite City, Inc.
- Philippine Bank of Communications
- Philippine Business Bank
- Philippine National Bank
- Philippine Savings Bank
- Philippine Trust Company
- Philippine Veterans Bank
- Producers Savings Bank
- Queen City Development Bank
- Rang-Ay Bank (A Rural Bank), Inc.
- RBT Bank, Inc.
- RCBC/DiskarTech
- Rural Bank of Angeles, Inc.
- Rural Bank of Bacolod City, Inc.
- Rural Bank of Bauang, Inc.
- Rural Bank of Digos, Inc.
- Rural Bank of Guinobatan
- Rural Bank of La Paz, Inc.
- Rural Bank of Lebak (Sultan Kudarat), Inc.
- Rural Bank of Mangaldan, Inc.
- Rural Bank of Montalban, Inc.
- Rural Bank of Porac, Inc.
- Rural Bank of Rosario (La Union) Inc
- Rural Bank of Sagay, Inc.
- Rural Bank of San Narciso Inc
- Rural Bank of Silay City, Inc.
- Rural Bank of Sta Ignacia Inc. (Signabank)
- Salmon Bank (Rural Bank) Inc.
- Security Bank Corporation
- Shinhan Bank
- Southeast Country Bank Inc. (A Rural Bank)
- Standard Chartered Bank
- Sterling Bank of Asia
- Sumitomo Mitsui Banking Corp
- Summit Bank (Rural Bank of Tublay, Inc.)
- The Hongkong and Shanghai Banking Corp
- Tonik Digital Bank, Inc.
- Top Bank Philippines, Inc.
- UCPB Savings Bank
- Union Bank of the Philippines
- Union Bank Quick Card
- Union Digital Bank
- United Overseas Bank (Phils)
- UnoBank, Inc.
- Wealth Development Bank
- Yuanta Savings Bank
These are the PESONet-participating e-wallets, RTC and CPO that are eligible for SSS DAEM enrollment:
- Coins.ph
- DBP Cash Padala Thru M Lhuillier
- EasyPay Global EMI Corp.
- GCash
- GPay Network PH, Inc. (GrabPay)
- Maya Philippines, Inc.
- PayMongo Payments, Inc.
- Philippine Digital Asset Exchange, Inc.
- PPS-PEPP Financial Services Corp. (PalawanPay)
- TagCash Ltd., Inc.
- TayoCash, Inc.
- Universal Storefront Services Corporation
- Wise Pilipinas, Inc.
Frequently Asked Questions
Where do I find the disbursement account module in My.SSS?
To go to the Disbursement Account Enrollment Module (DAEM), login to the My.SSS member portal, click Services on the main menu, and then click Disbursement Account.
What documents do I need to enroll a disbursement account in SSS?
You will need a Proof of Account showing your account name, account number and bank name; a valid government-issued ID; and a chest-level photo of yourself holding both. All files must be in JPG or PDF format, with a maximum file size of 3MB.
Can I use GCash or Maya to receive my SSS salary loan?
No. E-wallet, RTC and CPO accounts are not used by the SSS for loan disbursement. If you’re filing a salary or calamity loan, you need to enroll a bank account. However, e-wallets will work for benefit claims like unemployment, retirement and funeral benefits.
Do I enter my ATM card number or my bank account number?
You will have to enter your bank account number, not your ATM card number. These are two different numbers. If you’re unsure, check your bank’s mobile app or call their hotline.
How many bank accounts can I enroll in SSS DAEM?
You can enroll two or more bank accounts in SSS DAEM. Just repeat the enrollment procedure for each one. Your enrolled accounts and their current status are listed under My Disbursement Accounts
Final Considerations
It’s a good thing that the SSS is pushing hard to implement the digitalization of government transactions such claiming benefits, applying for loans, enrolling bank accounts, and checking contributions.
Not only it helps eliminate red tape and hastens the delivery of essential public services, it also makes it easier for members to transact with the SSS because they don’t have to personally visit the nearest SSS branch.
If you have any questions or concerns about SSS bank enrollment, call the SSS hotline 1455 or email [email protected].
What is the meaning of “File name must only contain alphanumeric characters..” I am not able to enroll my bank account because of that. Hope you can help me… Thank you
The file name of the document that you will upload must only contain letters, numbers, dashes and underscores. For example: bank-account-123.jpg