Financial Blog

In compliance with the Bangko Sentral ng Pilipinas,  we modified our EGC service for your financial protection.

What do you need to keep in mind?

• New monthly limit

You’ll still enjoy the convenience of EGC. We’ve just adjusted the total monthly limit per mobile number to Php 50,000.00.

• Regularization Form + Valid ID

If you’re a frequent EGC beneficiary, fill out our EGC KYC Regularization Form and present 1 valid primary ID or 2 secondary IDs at any Security Bank Branch and you’re good to go.  This will allow us to efficiently monitor and verify all transactions for regular customers.

Who are classified as frequent/regular EGC beneficiaries?

• Individuals who send/receive more than Php 5,000 per transaction for 6 consecutive months.
• Individuals who send/receive less than or equal to P5,000 per transaction for 6 consecutive months and have a total EGC transaction of more than P100,000 in a year.

Occasional EGC beneficiaries (those who receive less than Php 5,000 per transaction and/or have not received EGC for 3 consecutive months) can still use the service without any additional requirements. Don’t worry, we will identify frequent EGC beneficiaries and send reminders via SMS.