Fillable Auto Debit Arrangement Enrollment Form (Page 2 of 2) in pdf

TERMS AND CONDITIONS GOVERNING THE AUTO-DEBIT ARRANGEMENT (ADA)

As used herein, the words “QUALIFIED SSS MEMBER” means the SELF-EMPLOYED (SE), VOLUNTARY (VM),

HOUSEHOLD EMPLOYER (HR) and OVERSEAS FILIPINO WORKER (OFW) members of the SSS and its SALARY &

HOUSING LOAN BORROWERS.

MEMBERSHIP. In order for a Qualified SSS Member to enroll under the arrangement, he shall have first opened and shall

maintain the deposit (current or savings) account indicated in the reverse hereof with the BANK and the written instruction herein

to the SSS shall authorize the BANK concerned to have his payments for the SSS contributions and/or loan amortizations, as the

case may be automatically debited from the said account.

Said instructions on the reverse hereof shall serve as the basis for the debiting of a member’s account by the BANK, and unless

informed in writing by the SSS of any changes therein, the foregoing shall continue to be in full force and effect.

The BANK shall ensure that the data pertaining to the BANK Account indicated herein are complete, valid, and accurate and

that the Qualified SSS Member enrolling under the Arrangement has been authenticated by the BANK to be its legitimate depositor.

SSS shall pre-validate all enrollment forms to be submitted by the BANK. Qualified SSS Members shall be notified in writing

by the SSS of the status of their enrollment.

EFFECTIVITY. The Qualified SSS Member whose enrollment form is approved by both the SSS and the Bank during the 1st

day to the 20th of the month shall be included on the same month and a Member whose enrollment form is approved by the SSS and

the BANK during the 21st day onwards shall be included on the succeeding month.

BILLING. The BANK is hereby authorized by the Qualified SSS Member to debit on the 10th day of the month from his

account the amount in the collection and/or billing lists to be provided by the SSS. Any discrepancy between the amount advised

and the amount debited per SSS record(s) or any complaint arising from this ADA shall be taken directly by the Qualified SSS

Member with the SSS.

PAYMENT CERTIFICATE. The Qualified SSS Member may request a certificate of payments, whenever needed, either

from the SSS or the BANK.

AVAILABILITY OF FUNDS. The Qualified SSS Member guarantees to maintain the deposit account indicated on the reverse

hereof of the funds necessary to cover this debit instruction. In the event the member fails to maintain the necessary funds in his

account to cover his payment for a particular month, the BANK shall be under no obligation to debit on the succeeding month the

corresponding amount. Such delayed payment shall be made by the member directly to the bank.

AMENDMENTS. The Qualified SSS Member who wishes to have changes in his enrollment data should inform the SSS or

the BANK in writing by filling up the Auto-Debit Arrangement Amendment Form. Amendment(s) shall take effect the same manner

as provided for in the enrollment application as mentioned above.

Please follow NEW SSS SCHEDULE OF CONTRIBUTIONS below:

*The minimum salary credit for OFW is P5,000.

PDF compression, OCR, web optimization using a watermarked evaluation copy of CVISION PDFCompressor

Auto Debit Arrangement Enrollment Form Page 2