The eCrediting of pension is on the 8th day of the month. In case the 8th day falls on a weekend or holiday, monthly pension benefits will be eCredited on the next banking day.
Monthly pension benefits as well as loan proceeds may be withdrawn from any Bancnet, Megalink, or Expressnet ATMs nationwide. GSIS has renewed its partnership with the Land Bank of the Philippines as an additional servicing bank for greater reach to pensioners.
Point-of-Sale (POS) terminals
To assist members and pensioners located in areas without a branch office of the Land Bank of the Philippines or the UnionBank of the Philippines, GSIS entered into an agreement with M. Lhuillier to serve as a conduit in availing their benefits through the point-of-sale (POS) terminals in M. Lhuillier outlets.
Using the POS, GSIS members and pensioners may withdraw their loan proceeds and inquire on their balances using their eCards.
For withdrawals of up to Php4,000, eCard holders will be charged a minimal service fee of Php7.50 when using the POS, which will then gradually increase up to Php62.50 for withdrawals of Php44,100 to Php50,000. Balance inquiry is free.
The minimum amount that may be withdrawn through the POS per day is Php100 while the maximum amount is Php50,000.
Members and pensioners need to bring their eCard and another valid ID to transact using the POS. The valid IDs include passport, current driver’s license, major credit cards with picture, Permit to Carry Firearms, new SSS cards, Professional Regulation Commission ID, new TIN card, and company ID.
Other valid IDs accepted include current ID for students, Postal ID, NSO-authenticated birth certificate or marriage certificate, original and unexpired NBI clearance, Office of Senior Citizen Affairs/Senior Citizen card, OWWA card, digitized Voter’s ID, ACR Identity Card, and Consular ID.