SSS enforces its mandatory online transaction and checkless disbursement

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SSS enforces its mandatory online transaction and checkless disbursement

This photo was taken from: Facebook: Philippine Social Security System – SSS 

 

On 21 September, the SSS said that online transactions and checkless disbursements are now mandatorily implemented through its system. This is to provide their members, employers, pensioners, and beneficiaries a faster, safer, convenient, and economical facility to register and submit applications and receiving proceeds and cash benefits from the SSS. This online facility aims to facilitate the ease of doing business within their organization and to continue its efforts towards digitalization that is rampant amidst COVID-19 Pandemic. The enhancement and expansion of the SSS facilities will benefit the transacting public by giving them a convenient facility and preventing the spread of coronavirus

In order to proceed to process with online transactions, members, employers, and pensioners must have their own My.SSS account. Upon successful registration, they need to register their disbursement account through Disbursement Account Enrolment Module or Bank Enrolment Module in their My.SSS accounts.

With rampant financial digitalization, we need to understand the process of these online transactions to protect ourselves against potential fraud. Digitalization of transactions paved its way because of the COVID-19 Pandemic. We need to adapt to these changes because change is constant. Hence, nothing lasts forever.

 

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Author

  • Gracia Amor, A Multi-Award winner blogger; Presidential Award; Mass Media Advocacy Award, Philippine Expat Blog Award, and Most Outstanding Balikbayan Award. An OFW and Investment Literacy Advocate. Her first book, the Global Filipino Bloggers OFW Edition, reviewed and launched at Philippine Embassy Kuwait. Became a certified Registered Financial Planner of the Philippines (RFP), with specialization in Stock Market. Currently, a position PH stock trader in PSE. Digital Marketing Specialist. A proud founder of Teachers Specialist Org in Kuwait TSOK, Filipino Bloggers in Kuwait FBK. A Poet and a Photo hobbyist in between.

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