Social Security System or SSS used to wait for the check to use their loans and benefits, but currently, active members who have Unified Multi-purpose Identification Cards can easily withdraw their loans and benefits such as disability, retirement, self-employed, voluntary sickness, and maternity claims through their UMID Cards through automated teller machines.
Doing direct transfer of funds for loans and benefit proceeds to the UMID Card ATM accounts is safer and faster. It will eliminate the cost of printing and mailing of checks, as well as delay in the delivery of service due to postage time and lost checksSSS President and Chief Executive Emmanuel F. Dooc
Before it took days or weeks to received your loan but recently, according to SSS President and Executive Emmanuel F. Dooc, a member who applied and got approved a loan will receive it at least 24 hours upon approval on their bank accounts. They then can easily withdraw it through their Unified Multi-Purpose Identification Cards.
Several banks were invited to the UMID-ATM program since November 2013. The UBP or The UnionBank of the Philippines is first to complete the program and one of the accredited banks of SSS. UBP is one of the four banks for the program’s implementation.
SSS members with UMID cards should activate their cards through these UBP kiosks in our selected branches,SSS President and Chief Executive Emmanuel F. Dooc
About 34,000 UBP co-branded Unified Multi-Purpose Identification Cards with ATM functionality to date. Take note that there will be no other requirements for Automated Teller Machine or ATM activation.