China Banking Corporation (Chinabank), in partnership with the Social Security System (SSS), will soon launch the MySSS Card powered by Chinabank Debit Visa which serves both as a valid SSS ID and a secure, flexible savings account for every member.
Last October 7th, China Banking Corporation and the Social Security System had their MOA ceremonial signing to formalize the partnership. Among the attendees from Chinabank were President & Chief Executive Officer Romeo Jr. D. Uyan, Consumer Banking Segment Head & Executive Vice President Aloysius C. Alday Jr., and Cash Management Services & Operations Group Head Domingo P. Dayro Jr.; from the SSS were President & Chief Executive Officer Robert Joseph Montes De Claro, EVP for Corporate Services Sector Elvira G. Alcantara-Resare, and Acting Group Head for Member Services and Support Group VP Joy A. Villacorta.
The MySSS Card powered by Chinabank Debit Visa is more than just a card. As a valid SSS ID, it provides members with recognized identification, while also functioning as a regular ATM card linked to a savings deposit account. In addition, it offers enhanced security since identity verification will be carried out through the National ID eVerify system of the Philippine Statistics Authority (PSA). This means all SSS disbursements—from benefits such as sickness, maternity, unemployment, retirement, and pensions, to loan proceeds for salary, calamity, or pension loans—are credited directly to the account for easy and secure access.
For members, this card redefines practicality. The first MySSS Card powered by Chinabank Debit Visa card is free, with no maintaining balance required. Accounts begin earning interest once they reach a balance of P10,000, with an interest rate of 0.125%. Sending and receiving funds is simple and efficient, with access to Instapay and PesoNet. The eco-friendly Green PIN feature reinforces Chinabank’s commitment to sustainability.
The MySSS Card powered by Chinabank Debit Visa is also globally ready. As a Visa-powered card, it can be used for both online and international financial transactions. Members can withdraw funds anywhere in the world and make purchases in over 130 million merchants across 200 countries, enjoying exclusive perks and privileges from Visa merchants worldwide.
Adding even more flexibility, the card is fully integrated with the MyCBC App, allowing members to conveniently monitor their balances, track transaction history, transfer funds, and settle bills anytime, anywhere.
Card issuance is designed to be as seamless as possible. Members can choose to open an account in any Chinabank branch nationwide, with the option of card delivery or pick-up at their convenience.
More details on this partnership will be announced soon, as Chinabank and SSS continue to roll out initiatives designed to enhance the way members can access and enjoy their benefits.
