How do I pay my MP2 contribution?

So, you want to know How do I pay my MP2 contribution?

You can pay your Pag-IBIG MP2 savings online through the Pag-IBIG Fund website or through the Pag-IBIG Fund Mobile app. To pay online through the website: Go to the Pag-IBIG Fund website (www.pagibigfund.gov.ph). Click on the “Online Services” tab and select “MP2 Savings Program” from the list of options.

How much is the charge for GCash to MP2?

For payments up to PHP 2,000, the convenience fee is PHP 15. For payments between PHP 2,001 and PHP 5,000, the convenience fee is PHP 25. For payments between PHP 5,001 and PHP 10,000, the convenience fee is PHP 50.

How long does MP2 payment reflect?

Posting for MP2 transactions may take about 2-3 business days. Kindly allow 5-15 business days from the posting date for the reflection to your account. Pay for your MP2 using Moneygment.

What will happen to MP2 after 5 years?

Once your MP2 Savings reaches its 5-year maturity, you may re-apply for a new Pag-IBIG MP2 Savings Account. Members may claim their MP2 Savings anytime upon its maturity. If unclaimed, your MP2 Savings shall continue to earn dividends based on the regular Pag-IBIG Savings Program’s (P1) rates for two more years.

How do I pay my MP2 contribution Related Questions

Can I submit my MP2 online?

Yes, your MP2 Savings are government-guaranteed. Its annual dividends, on the other hand, depends on Pag-IBIG Fund’s financial performance. 16How can I claim my MP2 Savings? You may now claim your MP2 Savings after its 5-year maturity, online, via the Virtual Pag-IBIG.

Can I skip MP2 payment?

No penalties if you miss a contribution for certain months (though it’s best to regularly remit your MP2 contributions). Government-guaranteed savings – You won’t lose your principal since the Philippine government guarantees it.

What is the 2 charge on Gcash?

Cashing in is free in all over-the-counter outlets until you reach a monthly limit of Php 8,000. After reaching this limit, a service fee of 2% will apply each time you cash in.

Is MP2 worth it?

Pag-IBIG MP2 isn’t your typical mutual fund type of investment ‚Äì it’s as lucrative but minus the usual fees! If anything it’s mostly a win for most MP2 savers, here’s why. You are not tied to a contract or obligated to regularly pay a premium, just an initial deposit of ‚DZ500. You can add money anytime you want.

How do I pay my MP2 for the first time?

Visit any AUB Branch for Over-the-Counter (OTC) payment. Proceed to the Virtual Teller to queue the transaction. Select Pag-IBIG Fund from the list of billers and fill out the required information.

Can I continue my MP2 savings after 5 years?

You’ll have to wait five years before you can withdraw your MP2 Savings in full. Once your account reaches maturity, you can fill out an Application for Provident Benefits Claim form and submit it online here. Your online application will also need the following: A photocopy or scan of a valid ID.

How much is the dividend for MP2?

PBBM lauds highest Pag-IBIG dividend rates since pandemic: 6.53% for Regular Savings, 7.03% for MP2. Read more.

What are the disadvantages of MP2?

Cons: 5-year lock-in/maturity period. No rollover option after the maturity period. You’ll have to open a new MP2 account as the dividend rates will cease to apply if your money is unclaimed beyond 2 years after the lock-in period.

Can I pay MP2 once a year?

Yes. You may choose to remit a one-time lump sum amount for the whole 5-year period of your MP2 Savings.

What are the disadvantages of MP2 savings?

Disadvantages of MP2 No rollovers are available. After 5 years, your contributions would earn the same returns as the mandatory savings. Two years later, it would not earn anything. If you wish to continue getting the benefits beyond five years, opening a new account is required.

Can I open 2 MP2 accounts?

Yes! You can open multiple MP2 Savings Accounts if you want, but there are a few things to consider before doing so. First, make sure that the institution offering the account doesn’t have any limits on how many accounts you can open. Some banks may limit the number of accounts that one person can have.

How can I check my Pag-IBIG MP2 savings?

Using just your smartphone or computer with internet connection, you can easily access the Virtual Pag-IBIG by visiting www.pagibigfund.gov.ph, and clicking on the Virtual Pag-IBIG, For Members link on the main menu. You may also click www.pagibigfundservices.com/virtualpagibig/ to directly access Virtual Pag-IBIG.

Can I withdraw my Pag-IBIG contribution after 10 years?

When can a Pag-IBIG member registered under the Mandatory Coverage (Pag-IBIG 1), withdraw his/her contributions? A member may claim his Total Accumulated Value (TAV) after 20 years of membership with the Fund and after having made a total of 240 monthly contributions.

Why is GCash deducting money?

If your GCash wallet does not have enough balance to settle your GCredit total amount due, your GCash wallet balance and incoming funds will be auto-deducted. Your incoming funds will continue to be auto-deducted until your GCredit total amount due from the original billing period has been settled.

Does GCash allow 2 accounts?

Wallet and Transaction Limits You can only have one GCash wallet per mobile number. However, you can have up to five different GCash wallets or mobile numbers registered to GCash.

What is the GCash limit?

Refer to the table below for the limits applicable to GCash wallets. Cash in up to P50,000 and receive your funds in real-time. Cash in more than P50,000/txn and receive your funds by the next banking day. May vary depending on your bank’s set limit.