Chinabank, SSS partner for MySSS Card powered by Chinabank Debit Visa for convenient disbursements

In a new partnership set to benefit millions, Chinabank and the Social Security System will be launching the MySSS Card powered by Chinabank Debit Visa. This new debit card is designed to provide SSS members with a more secure and convenient way to receive their benefits and loans. It also serves as an official Social Security System card, taking the place of the traditional Unified Multi-Purpose Identification card.

1 - CBC President & CEO Romeo Uyan Jr. and SSS President & CEO Robert Joseph M. De Claro holding mock-up MySSS cards. Flanking them are CBC Consumer Banking Segment Head Aloysius Alday Jr. and SSS Corporate Services Sector & IT Management Group EVP Elvira Alcantara-Resare.

Chinabank and Social Security System officials formalized the agreement on October 7 at the bank's head office in Makati City. At the signing were CBC President & Chief Executive Officer Romeo Uyan Jr., Consumer Banking Segment Head Aloysius Alday Jr., and Cash Management Services & Operations Group Head Domingo Dayro Jr., with SSS President & CEO Robert Joseph M. De Claro, Corporate Services Sector & IT Management Group EVP Elvira Alcantara-Resare, and Benefits Administration Division VP Joy Villacorta. 

"We at Chinabank are very proud to be part of the SSS Paycard Program as it represents a significant step towards true financial inclusion," Uyan said. "By leveraging the power of our combined institutions, we have created a product that seamlessly merges trusted government service with convenient and secure financial access. The result is an innovative tool that will empower millions of SSS members." 

The MySSS Card powered by Chinabank Debit Visa comes with no maintaining balance and the first card will be free, making it an accessible option for all SSS members. It can be opened at any Chinabank branch for secure and convenient crediting of SSS sickness, maternity, unemployment, and retirement benefits, as well as proceeds of salary, calamity, and pension loans.

Being a Debit Visa card, it can be used at any ATM and VISA-partner establishment and online store in the Philippines and abroad. It can also be enrolled in My CBC for digital banking convenience. The MySSS Card powered by Chinabank Debit Visa is part of the digital transformation of government services.

"Chinabank is among the first banks who partnered with us in bringing MySSS card to full implementation. Through the MySSS card, members and beneficiaries will experience greater convenience. We are truly looking forward to the success of this endeavor for both institutions," De Claro said.

More details about the MySSS Card powered by Chinabank Debit Visa will be announced soon.

About Chinabank

China Banking Corporation (Chinabank; PSE: CBC), founded in 1920, is the fourth largest private universal bank in the Philippines and a member of the SM Group, one of the country’s biggest conglomerates. Driven by its brand promise, “Focused on You,” Chinabank supports individuals, small- and middle-market businesses, and large corporations, with its consolidated network of 650 branches, 1,109 ATMs, and 24/7 digital banking channels: My CBC App and My CBC Online. The bank also offers a wide range of allied financial services through its subsidiaries China Bank Savings, Chinabank Capital, Chinabank Securities, Chinabank Insurance Brokers, and affiliate Manulife Chinabank Life Assurance.

For over a century, Chinabank has built a deep connection with its customers and the communities it serves, leveraging the dedication and diversity of its empowered people and the strength of its enduring partnerships to help uplift the lives of Filipinos.

For more information, visit www.chinabank.ph or follow ChinabankPH on Facebook, Instagram, TikTok, and LinkedIn. (SM Supermalls)

Chinabank makes account opening digital, effortless

Chinabank continues to improve its redesigned digital banking platforms, adding an online account application feature so new customers can start banking with Chinabank without visiting a branch or submitting physical documents.

 

Through My CBC and My CBC Online, Filipinos 18 years old and above can quickly and remotely set up their first Chinabank ATM account, or Chinabank OKS Peso Savings account if OFW or beneficiary of an OFW, in just a few simple steps and without having to make a deposit right away.   

The easy account opening process starts with downloading My CBC on Google Play Store or Apple App Store, or if internet banking is preferred, by visiting the Chinabank website and signing up on My CBC Online.

 

The on-screen prompts are easy to follow: select an account, provide the required information, enter the OTP sent to the registered mobile number or email address, upload one valid ID, take a selfie or upload a photo, click “submit,” and create a My CBC or My CBC Online username and password.

The bank then conducts identity verification and document authentication in line with regulatory requirements, which usually takes two banking days.  Once approved, the new account is immediately ready for digital banking transactions. Customers should fund their new Chinabank accounts to be able to pay bills or transfer funds to other accounts and e-wallets.

With a Chinabank account, customers enjoy access to a wide range of financial services to save and establish credit history.  In this digital age, the bank's powerful and user-friendly mobile app My CBC and its web-based counterpart My CBC Online are essential tools for managing finances and achieving financial stability.

Chinabank Innovation and Transformation Officer Jay Sabido said this significant upgrade to My CBC and My CBC Online is in line with the bank’s digital-first banking approach to meet rising consumer expectations, boost operational efficiency, and expand service availability beyond the branch network.

“We are combining the services that people need to conveniently and securely manage their finances on any device.  But more importantly, we are lowering the barriers to owning a bank account so more people can enjoy the financial security, stability and flexibility of having a financial partner like Chinabank,” he noted.

The fourth largest private universal bank in the Philippines, Chinabank is continuously strengthening its technology infrastructure to offer simple, efficient, secure, and digital-first banking experiences to customers. It was named Best Domestic Retail Bank of the Year by the Asian Banking & Finance in 2024.  The bank was also distinguished by its technology partner with the Big Shift Champion of the Year award in 2023 for outstanding achievements in digital transformation and customer engagement, and the Enterprise Planning and Execution Excellence of the Year award in 2024. (SM Supermalls)