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A few years back, issuance of checks is the most popular mode of benefit disbursements in Social Security System (SSS), whether for sickness, maternity, disability, retirement, death and funeral benefits. This also include salary loan and calamity loan checks, among others. However, members encountered several problems in getting their short and long-term benefits such as delayed and nonreceipt of checks due to insufficient or unlocated addresses, lost checks, encashment difficulties due to invalid and/or erroneous information in members’ available valid ID cards, truncated names of member-borrowers on benefit and salary loan checks, etc.
Instead of immediately enjoying their cash benefits from SSS, members are easily stressed out in getting their benefit checks or waiting for long periods of time for check replacements. With these kinds of problems, SSS has finally resolved members’ difficulties by partnering with various participating financial institutions through banks and checkless disbursements.
Back in 2015, SSS initiated a program called Sickness and Maternity Benefits Payment-thru-the-Bank Program (SMB-PB) to ease the benefit disbursement process and ensure timely receipt of SSS benefits, which are now being disbursed through members’ chosen SSS-accredited partner banks. This program is mandatory to all members, whether they are self-employed, voluntary or overseas Filipino worker (OFW) whose approved amount of benefit is more than P1,000 and address is within 30 kilometers to the nearest SSS-accredited banks.
Under this scheme, employers should enroll in the SMB-PB by submitting the duly accomplished SMB-PB Enrollment Form to the accredited bank where they have an existing account. The concerned bank shall submit the enrollment forms to the SSS. Meanwhile, self-employed, voluntary, and OFW members without single savings/current account shall be given a Letter of Introduction form to be filled-out and submitted to the SSS-accredited banks for the opening of a single savings account/cash card account. Members who wish to use their Unified Multi-purpose Identification card as Automated Teller Machine card may also enroll with the selected SSS branches with Union Bank kiosks for account enrollment to the program.
The complete listing of accredited banks can be obtained at the SSS web site and SSS branches nationwide.
Aurora C. Ignacio is SSS president and chief executive officer.
We welcome your questions and insights on the topics that we discuss. E-mail mediaaffairs@sss.gov.ph for topics that you might want us to discuss.
12 comments
is cebuana lhuiller account no. okey for disbursement account no. to be filled up.? I don’t have any bank account but I already deposited at cebuana as my bank. and I have already account no. in cebuana lhuiller. thank you and have a good day.
But delays to loan disbursement still take longer sometimes due to errors in making the bank enrollment. Loan recepient still take longer wondering why their loans have not yet been recieved,Loans have already been forwarded and granted by sss but it takes longer for banks to inform sss regarding erroneous bank numbers due to errors,It takes a month and sometimes longer before a bank could inform sss ,and only then can loans be cancelled and proceed to another loan application, cancellation dué to erroneous bank account still is a big delay and i hope they coúld figure out a system to improve that soon,many members are hanging on waiting for their loans not knowing what to do.
Oct. 27 pa po ako nag loan paano ko po ba malalaman kung napasok na sa ATM ko yung loan ko . ?
Gaano katagal kapag Ang employer Ang nagrequest ng disbursement ?
Good pm just want to ask where I can get the correct answer. Disbursement thru g using Land bank cash card. From my loan file in SSS SALARY LOAN AND SSS CALAMITY LOAN thank you
Disbursement thru the bank g. Ano ping ibig sabihin nyan? At meron akong check number/disbursement number, Ano pong I big sabihin nun? Dec. 10 ako nag apply for calamity loan. Dec. 11 Ang processing.
Cd ko oct.22 2020 pa po nagka error po ako sa bank account pero na ayos na po at nkapagsend na din ng proof of account at nag rmail n po sila na na approved at na process na pero hanggang ngaun wala parin nmn po.
Magandang araw po SSS. Bakit po ayaw ma-enroll ng disburstment account ko, at laging sinasabi na your disburstment account alreary exist? Tapos pinalitan ko po ng isa pang ATM card ko pero ganoon pa din ang response.
Ilang araw po ang disbursement kapag g cash account ang ginamit
paano ko po ba malalaman kung nk deposit n po sa atm ko ang pera,disbursement thru the bank g na po yung nakalagay sa status.thanks
Halo po may tanong lang ko po ba nag apply po ako nang salary loan tapos approved na yun sa lahat then ang nka lagay po sa may status “DISBURSEMENT THRU BANK-G” na po ilang days po ba ito darating sa account ko.
Hello Po, ask ko lang if dumating na ang iyong loan?