No. All new applicants regardless of rank/position will be treated equally and will go through usual selection process.

No. You may only apply under one (1) scholar name because the competition for scholarship slots are very high. We want all applicants to have equal chances to be admitted to the scholarship program.

The Internal Scholarship Program is only offered to children of SBC Group employees or if employees themselves will study.

You may visit the External Scholarship Program of the Foundation to know more how you can avail of a scholarship grant: https://www.securitybank.com/sustainability/external-scholarship-program/

Since your child has finished a school level (e.g. Junior High School), he/she will have to apply for a new scholarship slot in the next school level (e.g. Senior High School) and will have to undergo usual selection process.

The 83% grade requirement to maintain scholarship applies BOTH to the per subject grade and General Weighted Average (GWA).

Yes. We allow up to two (2) reconsiderations of existing scholars provided that the reasons for not maintaining the scholarship is not due to a major school infraction of the scholar or that the scholar just did not study well because of too many extra-curricular activities that impede his/her grades.

You must upload a Request Letter for Reconsideration addressed to the “Scholarship Committee” stating in detail as to why the grade was not maintained on the particular subject. This letter must be ‘drafted by the scholar’ him/herself and must be ‘noted by’ the parent-employee. Please note that the condition for continuing of scholarship assistance is still subject to the approval of the Scholarship Committee.

Yes. Scholars are only required to have passing grade in Physical Education (PE), National Service Training Program (NSTP) and other non-academic subjects. No need to submit a Request Letter for Reconsideration. Please note that MAPEH is not part of the non-academic subjects.

The Internal Scholarship policy does not provide for shifting of courses. You may shift to another major related to the current course you are taking (e.g. Accountancy to Accounting Management or BSBA Major in Marketing Management to BSBA Major in Operations Management) as long the number of years to complete your current major is the same as your shifting major (e.g. you will still finish in 4 years).

However, you need to submit a Letter for Reconsideration addressed to “The Scholarship Committee” stating detailed reason for shifting of course. Please note that the condition for continuing of scholarship assistance is still subject to the approval of the Scholarship Committee.

Yes. The Internal Scholarship program accepts SBC Group employees from Rank 2 up to Senior Assistant Vice President (SAVP) only.

The Certificate of Enrollment / Certificate of Registration is a required document in applying for the scholarship. Please secure this document first.

As of now, the Internal Scholarship Program does not offer scholarship for 2^nd degree availment of SBC Group employees.

The Internal Scholarship Program does not offer courses for doctorate degrees of SBC Group employees.

Aspiring College scholars must be enrolled in a public/private college/university recognized by the Commission on Higher Education and taking up a course directly supporting the Bank’s operations such as Accountancy, Business, Industrial Engineering, Management, Finance, Information Technology and Computer Studies, Mathematics, Statistics, Communications and Social Sciences.

Aspiring SBC Group employees who wants to pursue continuing education should apply for  Master’s Degree scholarship and must be enrolled in a public/private college/university recognized by the Commission on Higher Education and taking up a post-graduate degree (Master’s) directly supporting the Bank’s operations such as in the field of Accountancy, Business, Industrial Engineering, Management, Finance, Information Technology and Computer Studies, Mathematics, Statistics, Communications and Social Sciences including Law Degrees.

No. You may apply this on your department’s budget based on the employee’s individual development plan.

All previous SBFI scholars who were dropped from scholarship can only re-apply under the same scholar name once he/she have graduated from his/her school level. For example, a Grade 3 dropped scholar can only re-apply after graduation from Elementary. The same applies for dropped Junior High and Senior High School scholars. If the scholar was dropped during their graduating year (e.g. Grade 6, Grade 10, Grade 12), you must wait for one (1) year before re-applying for scholarship under the same scholar name. Unfortunately, for College scholars who were dropped, there is no next level scholarship offered to them.

The parent-employee can also re-apply for another child, if any, as long as the reason for dropping of scholarship is not due to infraction because infraction cases have a prescribed period that is kept on the parent-employee’s employment record. You may verify if your infraction has been expunged from your record with HRDD through Ms. Aya Arevalo.

Yes. However, the Foundation’s policy for scholarship assistance is that the employee must have a performance appraisal rating (PAR) of at least ‘Average’ at the time of application/renewal. Since the rating system has been changed to numerical system, HR will recommend to the Foundation if the employee is still eligible to renew. You will be notified by the Foundation if your PAR rating is not eligible to apply / renew.

You will receive an email notification (both personal and office email) from Security Bank Foundation that your requirement has approved / disapproved.

For Internal Scholarship application, only Area Heads, Division Heads or Group Heads can sign on the Endorsement Letter. BCMs and BMs are not authorized to sign your scholarship endorsement. Electronic signatures are accepted.

You may submit an ‘Acceptance Letter’ from the school you will be enrolling for the incoming school year / term. However, once you have already enrolled, and you still need to submit a ‘Certificate of Enrollment’ issued by the same school and re-upload your requirements on the application link.

No. The Foundation does not process incomplete requirements. We also do not entertain email requirements that are just forwarded to us since our documentation is now centralized through One Drive.

You may submit as requirement, the 2^nd grading period for AY 2020-2021. However, please note that you will still need to submit the full grades of the scholar-applicant 2-3 weeks after the closing of the school year. The same policy applies for College/Masters scholars who are still completing AY 2020-2021.

Please submit a percentage (%) equivalent of the General Weighted Average (GWA) certified by the school. The most important basis for your application to be processed are the grades with percentage equivalent because this is the first line of selection process.

If this document cannot be complied due to uncontrollable reasons, please wait for the next school year, and make sure that the percentage equivalent can be provided.

Please refrain from sending hard copy of requirements unless otherwise requested by the Foundation. We no longer keep hard copy of documents in our office. All hard copies submitted will be directed to the shredding bin (since this contains personal information).

Yes, since the ESC grant is a government-issued discount. However, the disbursable amount of tuition fee package will only be up to the maximum tuition fee amount indicated in your assessment fee, without the ESC grant amount.

No, you will not be dropped from scholarship if the discount comes from the school for academic merits. We commend you for achieving this. However, the disbursable amount of tuition fee package will only be up to the maximum tuition fee amount indicated in your assessment fee.

If you have received another scholarship from another provider aside from the school, your scholarship will automatically be dropped.

No. The scholarship package applies for the whole academic year. If there is still remaining fund from the previous term, we will exhaust disbursement of the full tuition fee package.

The stipend shall only be released during the months of which the scholar’s classes are conducted and ongoing equivalent to ten (10) months. The monthly release of stipend shall simultaneously end with the actual termination of the academic year.

Crediting of stipend to the account of the scholar shall be on the first week of the month.

Important notice:

Effective March 1, 2021, SBFI will be implementing an ONLINE FUND REQUEST FORM for all tuition fee payments and/or reimbursements. All tuition fee payments or reimbursements will only be processed through the duly accomplished Online Fund Request Form. Please carefully read the Fund Request Form Guidelines found in the link. You do not need to file fund request for stipend since this is a separate disbursement that the Foundation releases every month.

Kindly fill-out this link if you have any reimbursement or Fund Request for tuition fee payment:

http://bit.ly/InternalFundRequestSY2021-2022

The Foundation will send an email both to your personal and office email that the check is ready for release. Once you receive this, please acknowledge the email, and check for errors in the amount and payee then notify the Foundation immediately for errors. If no email response is received within the next 6 hours (no extensions), the Foundation will deposit this the following day, so please ensure timing and accuracy of filing.

Once the Foundation has deposited the check to the school’s bank account, you will receive the copy of deposit via email. The original hard copy of O.R. for the MC payment must be submitted to Security Bank Foundation’s office at 7^th Floor, Security Bank Centre, 6776 Ayala Avenue, Makati City, Metro Manila. Please address to Ms. Racquel Tanyag.

There are some disallowed charges based on assessment which are either charged to the stipend or counterpart of the parent.

If the school demands payment immediately or the due date of payment is near, we would like to ask you to pay the fee and have it reimbursed since scholarship disbursements takes two (2) weeks to process. If the payment is not due in the next 3 weeks, you may file for issuance of Manager’s Check (MC) payable to the school.

Tuition fees shall be directly paid/deposited by the Foundation to the school via check, whenever possible. In case the school does not accept check payment, the actual cost of tuition will be credited to the account of the scholar. The scholar shall then pay the tuition in cash and submit the original official receipt to the Foundation.

IMPORTANT NOTICE:

Effective March 1, 2021, SBFI will be implementing an online FUND REQUEST FORM for all tuition fee payments and/or reimbursements. All tuition fee payments or reimbursements will only be processed only through duly accomplished Fund Request Form. Please carefully read the Fund Request Form Guidelines found in the link.

Kindly fill-out this link if you have any reimbursement or Fund Request for tuition fee payment:

http://bit.ly/InternalFundRequestSY2021-2022

For reimbursement, we are accepting soft copies of payments made. The following documents are allowed for processing of reimbursement:

1. scanned copy of the Official Receipt
2. scanned copy of Deposit Slip (provided that the name of school / name of scholar can be seen on the receipt)
3. scanned copy of Credit Card Payment (provided that the name of school / name of scholar can be seen on the receipt)
4. scanned copy of Bank Transfer Payment (provided that the name of school / name of scholar can be seen on the receipt)
5. scanned copy of Debit Card Payment (provided that the name of school / name of scholar can be seen on the receipt)

IMPORTANT:

Even though we are accepting soft copies, FINCON STILL REQUIRES YOU TO SUBMIT THE ORIGINAL HARD COPY OF THE OFFICIAL RECEIPTS WITHIN 45 CALENDAR DAYS  as this is a BIR requirement. Kindly forward all original O.R.s to SBFI office at 7th Floor, Security Bank Centre, 6776 Ayala Avenue, Makati City (Head Office). Address it to Ms. Racquel Tanyag.

Yes. However, these fees are still covered by the maximum tuition fee package of P65,000 per school year. We will exhaust the maximum disbursable amount per school year.

The stipend shall only be released for an equivalent to ten (10) months. The monthly release of stipend shall simultaneously end with the actual termination of the academic year.

As stipulated in the Scholarship Contract, all employees must render a two (2) year service contract to the bank upon graduation. Failure of the employee to render service contract shall make all scholarship expenses (i.e. tuition and stipend) incurred by the Foundation for the last two (2) years prior to graduation due and demandable to the employee. In case of partial fulfillment of service contract, due shall be computed on a pro-rated basis.

No. You do not need to pay back any amount to the Foundation. This same policy applies whether scholar was dropped before the start of the new school year or halfway through the academic year.

No. You do not need to pay back any amount to the Foundation. This same policy applies whether scholar was dropped before the start of the new school year or halfway through the academic year.