Our new credit card feature, SimplyPay, lets you conveniently pay with a credit card for expenses that require bank deposit payments such as rent, business suppliers, tuition fees, professional service fees, and even send financial support to your family.
SimplyPay is not just limited to purchases, you can also use this feature to send money to your loved ones. Use it to send financial support to your family in the province or your children who reside in Metro Manila.
Principal credit cardholders whose card status is active and current.
The minimum transaction amount for straight payment is Php1,000.00 while Php3,000 for installment payment.
Fee / Add-On Rate
3 months – 2.25%
6 months – 2.00%
9 months – 1.93%
12 months – 1.91%
*Fees and Add-On Rates will be automatically charged against the cardholder’s account once processed.
SimplyPay is a form of payment facility wherein principal cardholders in good credit standing may pay for the fees, dues and premiums such as tuition fees, rent, association dues and more using their Security Bank Mastercard credit card, with applicable interest and other fees to be paid by either on straight or installment basis.
The SimplyPay availment shall be subject to the verification and credit approval of Security Bank.
Where Security Bank approves a SimplyPay availment, the total SimplyPay amount shall be subject to these terms and conditions and all applicable terms and conditions under the Terms and Conditions Governing the Issuance and Use of Security Bank Mastercard Credit Card (“Cards Terms and Conditions”).
The Cardholder must be a principal Security Bank credit cardholder and must be in good credit standing.
The total amount of SimplyPay availed (“Total SimplyPay Amount”) should not be less than One Thousand Pesos (P1,000) for the regular straight transactions and Three Thousand Pesos (P3,000) for installment transactions.
Cardholder must ensure that the biller’s bank account is still valid and all the provided details are accurate and complete. Security Bank does not conduct verification of payee’s details and will not be responsible should there be any error or failure of payment is requested to your biller due to an incorrectly provided detail such as Account Name, Account Number and/or Amount that may eventually result to your loss, damage.
The cardholder shall be required to provide the following:
|Cardholder Details||Payment Instruction Details|
Card Number (First 6 and Last 4)
Card Expiry Number
Registered Mobile Number
Registered E-mail Address
Bank Account Name
Bank Account Number
Purpose of Payment
The cardholder shall be limited to a maximum aggregate SimplyPay transaction amount per month of Php500,000.
The following are the fees for every SimplyPay transaction:
Installment: See the table below.
|Monthly Add-on Rate||2.25%||2.00%||1.93%||1.91%|
Security Bank has the absolute and exclusive right to approve or reject all SimplyPay availments.
Once a SimplyPay availment is approved, the proceeds of the SimplyPay availments shall be credited to the Payee’s designated bank account.
Security Bank is not obliged to inform the Payee and the Payee’s bank that payment to their account has been credited for the request of our Cardholders. Moreover, it is highly recommended that Cardholders shall inform their Payee or Biller that a payment has been a credit to their account provided with necessary details such as Payment Amount, Account Number, Account Name, Date, and Time of Payment.
Once the SimplyPay availment with an installment as payment term is approved, the full amount of SimplyPay transaction and total add-on fee will be automatically deducted from the cardholder’s available credit limit. The monthly amortizations shall be posted on the Cardholder’s monthly statement of account. These shall form part of the total outstanding balance due in the Cardholder’s statement of account. If the Cardholder revolves any portion of the total outstanding balance due in any given month, the account shall be subject to the computation of the Finance Charge and Late Payment Charge (if applicable) for that month.
If a portion of the SimplyPay remains unpaid after the chosen repayment period, the corresponding unpaid principal amount shall be charged the prevailing, standard monthly finance charges of the applicable Security Bank Mastercard credit card. Should any portion of the monthly add-on interest due in any given month remains unpaid, the corresponding late payment and finance charges under the SimplyPay plan shall be applicable.
Once approved, the SimplyPay transaction can no longer be canceled and/or reversed.
Security Bank shall not be liable for the delinquency of the Cardholder’s account to their billers, for interest, or any penalty charge imposed upon the Cardholder as a result of the rejection by Security Bank of his/her SimplyPay availment.
The add-on rates are determined by Security Bank and may be subject to change in accordance with the prevailing market rates for similar transactions and terms.
By submitting the form and/or application, the Cardholder hereby agrees that he/she is applying for the SimplyPay Facility at regular fees and/or add-on rates.
In the event that a Cardholder ceases to be of good credit standing through any of the following: (i) suspension, (ii) cancellation, or (iii) non-renewal of Security Bank credit card due to non-payment or breach of these terms and conditions, the Terms and Conditions Governing the Issuance and Use of Security Bank Mastercard Credit Card (“Cards Terms and Conditions”) and all related provisions of the Security Bank In-house Installment Plan shall be applicable, and all of the unpaid installment terms, as well as other account balances, shall immediately become due and demandable.
You can avail of SimplyPay through our online form: www.securitybank.com/personal/credit-cards/installment-and-payments/simplypay/form/ or through our Customer Service Hotline (02) 8887 9188.
All Security Bank Mastercard credit card products can be used to avail of Security Bank’s SimplyPay facility.
Upon submitting the form, the cardholder will get a notification via email to acknowledge the transaction along with the details that he/she provided.
The cardholder will get a notification via SMS/email if the SimplyPay transaction is approved or declined.
When a transaction has been processed:
Your SimplyPay payment request amounting to <px,xxx> with reference number xxxxxxxxxx has been completely processed.
When a transaction is declined:
We regret to inform you that we cannot process your SimplyPay payment request to amounting to <px,xxx> using your Security Bank Mastercard ending in XXXX with reference number xxxxxxxxxx this time due to insufficient credit limit.
To check your balance, visit https://www.securitybank.com/blog/sms-card-services/. Feel free to send us your request again.
The minimum transaction amount for straight payment is Php1,000 while Php3,000 for installment payment.
Fees and Add-On Rates will be automatically charged against the cardholder’s account once processed.
The cardholder must be a principal Security Bank credit cardholder and must be in good credit standing.
The minimum amount required to avail of SimplyPay should not be less than Php1,000 for straight and Php3,000 for installment while the maximum availment amount per day is Php500,000.
We will process your SimplyPay availment within 6 days after we receive your submitted form.
Unfortunately, the Bank does not conduct verification of payee’s details and will not be responsible should there be any error or failure of payment is requested to your biller due to incorrect information provided such as Account Name, Account Number and/or Amount that may eventually result to your loss and damage. The cardholder must ensure that the biller’s bank account is still valid and details are accurate and complete before submitting the request.
Upon submission of the form, the cardholder will receive a notification via email to acknowledge the transaction along with the details that he/she provided. In case the cardholder wishes to change or cancel the request, he/she can call our Customer Service Hotline within 24 hours from the submission of the form. Once we have approved the SimplyPay transaction, the Bank can no longer cancel or reverse it. Please be advised that for approved SimplyPay availments in installment, the full amount of SimplyPay transaction and total add-on fee will be automatically earmarked from the cardholder’s available credit limit.
We will be sending an SMS/email notification for the declined SimplyPay transactions.
Yes, you will receive an SMS/email notification if your SimplyPay availment is already approved.
No, 100% is not guaranteed as your availment is still subject to approval.