1. Definition of Terms 

The following terms and phrases, unless otherwise indicated in these terms and conditions, shall have the meanings hereinafter assigned to them:

1.1. “Promo” means this Welcome to Payroll Rewards Promo – Fund Early, Earn Early. 

1.2. “Promotion Period” or “Promo Period” is from August 8, 2026 until 11:59pm of January 31, 2027. 

1.3. “Notification and Registration Period” shall refer to the timeframe within which client has registered to the promo via the official registration page and must receive a confirmation message upon successful completion. 

1.4. “Build-Up Period” shall refer to the timeframe wherein the client must maintain the minimum amount ADB in their SBC payroll account to qualify.

1.5. “Rewards Credit Period” shall refer to the period wherein the client will receive the cash credit for successfully maintaining the minimum ADB amounts in their account throughout all three (3) build-up periods. It is on or before the last calendar day of the following month after the third build-up period.  

1.6. “Bank” or “SBC” or “Security Bank” means Security Bank Corporation. 

1.7.“ADB” means average daily balance, which is the sum of the daily balances in an account during a billing period, divided by the number of days of that period.  

1.8.“Eligible client” means new-to-payroll client who maintains a Philippine peso denominated checking or savings payroll account with the Bank and who meets the eligibility criteria set forth in 2.1. 

1.9.“Newly Opened Payroll Account” shall refer to customers who have opened their SBC payroll account between July 1, 2026 and December 31, 2026. 

1.10.“Account Opening Month” shall refer to the month wherein the client has opened their payroll account with Security Bank 

1.11. “Payroll Credit or Salary Credit” refers to the salary amount credited to the Security Bank Philippine peso denominated checking or savings payroll account.  

1.12. “CASA” means checking or savings account or deposit account. 

1.13. “OB” means outstanding balance, which refers to the total amount of money currently held in a checking or savings account. It represents the account’s available balance at a specific point in time, including funds that have been deposited and not yet withdrawn or transferred. 

1.14. “EDM” means electronic direct mail or “e-mail”. 

1.15. “SMS” means short message service, commonly referred to as “text message”. 

1.16. “Viber” means a social media application utilized by SBC to send notifications or messages to the client through SBC’s official Viber. 

1.17. “In-App Notification” means inbox notifications sent to the client via the official Security Bank app.  

2. Promotion 

2.1. Eligibility 

2.1.1. This Promo is open to pre-selected clients with existing and active Philippine Peso-denominated checking or savings Security Bank payroll account, who will receive a notification from SBC regarding this Promo via Viber, SMS, EDM and/or In-app Notification.  

2.1.2. To be eligible, the client must be an individual retail client that has opened their payroll account between July and December 2026.  

2.1.3. Corporate clients or accounts, trust accounts, and settlement accounts, are excluded from this promo. 

2.1.4. To be eligible, the client must have an updated mobile number or email address registered with SBC. 

2.1.5. Security Bank shall determine the client’s assigned classification and target based on its internal records as of date determined solely by the Bank prior to the commencement of the applicable Notification and Registration Period. The Bank’s record shall be final, conclusive and binding for purposes of determining the eligibility, assigned target, qualification status, and reward entitlement, absent manifest error and subject to applicable laws and regulations. 

2.1.6. Security Bank reserves the right to disqualify any participant found to have violated these Promo Mechanics, attempted to manipulate the Promo, committed fraud, misrepresentation, abuse, or suspicious activity, or breached any applicable Security Bank product terms and conditions. The Bank further reserves the right to withhold, reverse, recover, or cancel any reward already credited where subsequent validation reveals ineligibility, fraud, system abuse, operational error, duplicate crediting, or violation of these terms and conditions. 

 2.2. How to Participate 

2.2.1. Customers will receive targeted communications via EDM, SMS, Viber, and/or In-App Notification, briefing them about the promo and its incentive. 

2.2.2. Customers will be notified of the amount they must save and maintain as minimum ADB during each build-up period, as shown below, via EDM, SMS, Viber, and/or In-App Notification.  

2.2.3. They must register for the campaign to qualify for their participation in the Promo via the official instructions and links specified via EDM, SMS, Viber and/or In-App Notification. The Bank shall not be liable for lost, delayed, incomplete, corrupted, misdirected, unsuccessful, or unrecorded registrations arising from system downtime, network failure, telecommunications issues, force majeure events, third-party platform disruptions, or circumstances beyond the Bank’s reasonable control. Only registrations reflected in the Bank’s official records shall be deemed valid. 

2.2.4. Eligible clients for each succeeding “Build-up period” will receive a notification confirmation that they have successfully reached the minimum ADB requirement of the prior build-up period, via EDM, SMS, Viber, and/or In-app notification. This indicates that they are still qualified to continue with the following build-up period. 

2.2.5. To qualify, the required minimum ADB amount must be funded through legitimate sources acceptable to the Bank and must not arise solely from temporary transfers intended to artificially satisfy the promo requirements. The Bank reserves the right to determine whether the build-up requirement has been genuinely achieved. 

2.2.6. To illustrate the promo calendar, please see the table below:  

2.3 Awarding of Cash Credits 

2.3.1. Qualified clients who are able to meet the requirements specified on the official Promo communication materials will receive their specified cash credits indicated through their active primary checking or savings payroll account tagged in the SBC system as the payroll account designated by Security Bank in its records for purposes of payroll crediting and reward fulfillment under this promo. 

2.3.2. If the client does not have an existing active Philippine peso-denominated savings or checking payroll account by the Rewards Credit Period, the rewards will be forfeited without further notice and cannot be reinstated, converted to cash, transferred, assigned, or otherwise substituted. By participating in the Promo, clients acknowledge that maintenance of an active payroll account through the applicable Reward Crediting Period is a material condition for reward entitlement. 

2.3.3. The applicable tax of the cash credits shall be shouldered by SBC. 

2.3.4. The awarding of cash credits will be made no later than the last calendar day of the month after the client’s last and third build-up period as indicated in the table in 2.2.6. 

2.3.5. If the qualified client joins less than three build-up periods, and/or does not meet the minimum ADB requirements of each, the client will not be eligible to receive their cash credits. 

2.3.6. Security Bank shall validate all registrations, payroll account status, app transactions, and other qualification requirements before crediting any reward. Transactions determined by Security Bank to be fraudulent, suspicious, erroneous, reversed, cancelled, disputed, or intended to circumvent the Promo mechanics shall not qualify. 

2.3.7. Security Bank shall not be liable for a participant’s failure to receive any SMS, email, Viber, in-app notification, or other communication due to incorrect customer information, device settings, spam filters, telecommunications issues, service interruptions, or circumstances beyond the Bank’s control. 

3. General 

3.1. Clients who participate in this Promo are responsible for reviewing its terms and conditions, along with those related to account opening and maintenance, data privacy, and other deposit products, services, and facilities. By participating, the Clients agree that their data will be processed in accordance with SBC’s Privacy Policy. They also acknowledge that these terms and conditions may be subject to future amendments. Any material amendment affecting eligibility, qualification requirements, rewards, or other substantive provisions of the Promo shall be subject to applicable regulatory requirements, including DTI approval when required. 

3.2. All questions and disputes with respect to the Promo shall be resolved solely by the Bank based on its own records, subject to applicable laws and regulations, and with the concurrence of the DTI. The Bank’s decision shall be final, binding and conclusive. 

3.3. Security Bank will never ask for OTPs, CVC, and/or PIN via call, text, or email in relation to this promo. 

3.4. Terms and conditions governing the issuance and use of the Deposit Accounts shall apply.  

3.5. All queries regarding this promo shall be directed to Security Bank Customer Service Hotline at +632 8887-9188 or contact us at mail to: [email protected]. 

3.6. By participating in this Promo, the client authorizes Security Bank to process his or her personal information for purposes of promo administration, validation of eligibility and qualification, reward fulfillment, fraud prevention, customer servicing, and compliance with legal and regulatory obligations, in accordance with applicable data privacy laws and Security Bank’s Privacy Policy. 

3.7. To the fullest extent permitted by law, Security Bank shall not be liable for any indirect, incidental, consequential, special, punitive, or exemplary damages arising from or related to participation in the Promo, including loss of opportunity, profit, savings, data, goodwill, or expected rewards. 

3.8. Security Bank reserves the right, subject to applicable laws, regulations, and regulatory approvals where required, to suspend, discontinue, amend, shorten, extend, or terminate the Promo in the event of fraud, abuse, systems issues, regulatory directives, force majeure events, or circumstances beyond its reasonable control. 

3.9. Security Bank shall not be responsible for any delay or failure in performing its obligations under this Promo caused by events beyond its reasonable control, including acts of God, natural disasters, pandemics, power interruptions, cyber incidents, telecommunications failures, labor disputes, government actions, regulatory restrictions, or similar events. 

Per DTI Fair Trade Permit No. FTEB-264489, Series of 2026. 

Security Bank Corporation regulated by the Bangko Sentral ng Pilipinas (BSP) with email address [email protected].  

The promo is open to individual payroll clients who are active account holders of a Philippine peso-denominated checking or savings payroll account with Security Bank and has opened their account between July and December 2026.

Eligible clients are those identified by Security Bank based on the promo criteria established for the campaign. Qualified clients will be notified through email, Viber, SMS, and/or in-app notification using the contact information available in the Bank’s records. Security Bank may use any of these channels for promo-related notifications. Clients must also have an updated mobile or email address in Security Bank’s official records.

No. Corporate, trust, joint, and settlement accounts are not eligible. 

This refers to the period when eligible clients receive a promo notification with the mechanics and an invitation to register through the official registration page. He/she will receive a confirmation message upon successful registration. 

Eligible clients will receive the notification and invitation to register approximately a week after their account opening date.  

Eligible customers who receive an email, Viber message, and/or SMS about the promo can register through the official registration link provided in the communication. A confirmation message will be sent after successful registration. 

The “Build-up Period” is the period when customers must save the required minimum Average Daily Balance (ADB) amount in their payroll account each month. There is a total of three build-up periods to complete to earn the reward. 

The “Rewards Crediting Period” is the period when eligible participants who have completed the promo requirements will receive their Php 200 cash reward. Rewards will be credited on or before the last calendar day of the month following the third and final build-up period.  

Refer to the table below for the applicable periods based on the month you opened your account:

The “average daily balance” (ADB) is the sum of the daily balances in an account during a billing period, divided by the number of days of that period.  

For example: Assume a 30-day month where your ending balance is PHP 1,000 for the first 20 days, and PHP 2,000 for the remaining 10 days.  

• 20 days × PHP 1,000 = PHP 20,000 

• 10 days × PHP 2,000 = PHP 20,000 

• Total sum = PHP 40,000 

• Monthly ADB result: PHP 40,000 / 30 days = PHP 1,333.33 

The required average daily balance is the same for all eligible customers. 

Internal fund transfers between Security Bank deposit accounts shall not be considered as qualifying source funds for purposes of determining compliance with the required Average Daily Balance under this promo.

Payroll credits and fund transfers originating from other financial institutions through available banking channels may be considered qualifying source funds.

Security Bank reserves the right to determine and validate the source of funds and the participant’s eligibility based on its records.

Yes. As long as you register on/before your registration deadline, your daily balances for the entire month will be included in your monthly ADB computation.

For example:

• Account opening date: August 15, 2026
• Registration date: September 30, 2026 (Build-up Period 1)
• Your daily balances for the entire month of September will still be included in your monthly ADB computation.

Customers who register at any time within the registration period will still have their ADB computed for the entire applicable build-up period, subject to compliance with all promo requirements.

No. Registration is required only once during the registration period. Once successfully registered, you will automatically be assessed for all subsequent build-up periods under the promo mechanics.

Yes. To earn the reward, you need to meet the minimum required ADB for three consecutive build-up periods. Missing one build-up period will disqualify you from earning the reward.

No. You will receive the same fixed cash reward even if you save or retain more than the minimum required ADB each month.

No, there is no partial reward. You must meet the minimum required ADB for all three build-up periods to earn the reward. 

No. Registration is required to earn the reward. 

If you do not meet the minimum required ADB during any build-up period, you will no longer qualify for the reward. 

You will receive a confirmation message via email, Viber, and/or in-app notification if you have successfully met the minimum required ADB for the previous build-up period. 

If you do not receive a confirmation message before the end of the next month or build-up period, it means you did not meet the minimum required ADB for the previous build-up period. 

Qualification shall be based on the Bank’s records and validation process. Customers who do not receive a confirmation message may contact Customer Care to verify their qualification status.

You must maintain an active Security Bank payroll account in active and eligible status until the reward is credited. If your account is closed, becomes inactive, or is otherwise ineligible before crediting, your reward may be forfeited in accordance with the Promo Terms and Conditions.

Rewards will be credited to your payroll account on or before the last calendar day of the month following your final or third build-up period. This is referred to as the “Rewards Crediting Period.”  

For example, if your final build-up period ends on January 31, 2027, your reward will be credited no later than February 28, 2027.  

Yes, but Security Bank will shoulder the applicable tax on the cash reward. You will receive the full reward amount stated in the email, Viber message, and/or SMS, provided you meet the promo requirements. 

The cash reward will be credited to the eligible payroll account indicated in the email, Viber message, SMS, and/or in-app notification sent to you. 

If you believe you’re eligible but did not receive a promo notification, please call our Customer Service Hotline at +632 8887-9188 or email [email protected]. 

For questions or disputes, please call Security Bank’s Customer Service Hotline at +632 8887-9188 or email [email protected].  

The Bank’s decision on any dispute will be final, with the concurrence of the DTI.