SSS Loan Application Will Be Rejected Due to the Following Reason(s): Bank Account Not Approved in DAEM
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SSS Loan Application Will Be Rejected Due to the Following Reason(s): Bank Account Not Approved in DAEM
Introduction
You’ve filled out your SSS loan application, met all contribution requirements, and are ready to receive your funds. Then you see this dreaded notification: “Loan Application Rejected: Bank Account Not Approved in DAEM.”
For many members, this can feel confusing and frustrating — especially if you already have a bank account. But in today’s SSS system, simply having a bank account isn’t enough. It must be enrolled and approved in the Disbursement Account Enrollment Module (DAEM) before SSS can release any loan or benefit.
Why This Matters to SSS Members
Since SSS shifted to cashless transactions, loans and benefits are now credited only to approved accounts in DAEM. If your bank account isn’t approved, your loan cannot be processed — even if you’re otherwise eligible.
What Does “Bank Account Not Approved in DAEM” Mean?
It means that your bank account was either:
Still pending approval when you applied,
Rejected by SSS during verification, or
Invalid/ineligible according to SSS’s DAEM rules.
Common Causes of the Problem
1. Name Mismatch Between Bank and SSS Records
Example: Your SSS record says “Juan Dela Cruz Jr.” but your bank account says “Juan Dela Cruz.”
2. Unsupported Bank or Account Type
SSS only accepts PESONet-participating banks or approved e-wallets like GCash and UnionBank.
3. Incomplete or Blurry Uploaded Documents
Bank statement or ATM card photo doesn’t clearly show your name and account number.
The account is no longer active when SSS verifies it.
Example Scenario
Paolo applied for a salary loan and enrolled his Metrobank account in DAEM. However, the name on his bank account missed the middle initial in his SSS records. His DAEM enrollment was rejected, and when he applied for a loan, SSS instantly denied it for “Bank Account Not Approved.”
How to Solve It
Step 1: Re-Enroll Your Bank Account Correctly
Log in to My.SSS.
Go to E-Services → Disbursement Account Enrollment Module (DAEM).
Select your bank from the PESONet-participating list.
Enter your account number exactly as shown in your bank documents.
Step 2: Upload Proper Proof of Account
Acceptable: bank statement, passbook, ATM card (front side), or official certification.
Make sure details are clear, complete, and match your SSS name exactly.
Step 3: Wait for Approval Before Applying for a Loan
DAEM approval typically takes 3–5 working days but can take longer if corrections are needed.
What You Can Do Yourself
Update your SSS record if there’s a spelling or name mismatch.
Use the same name format in both SSS and your bank.
Check the SSS Salary Loan Calculator to plan your loan application timing after your account is approved.
Make sure your bank is PESONet-participating before enrolling.
If It Still Doesn’t Work After Trying Everything
Visit the nearest SSS branch with your bank documents and valid ID for manual verification.
Contact your bank to confirm your account is active and PESONet-enabled.
If issues persist, consider enrolling a different eligible bank or e-wallet account.
TL;DR (Too Long; Didn’t Read)
If your SSS loan is rejected for “Bank Account Not Approved in DAEM,” it means your account wasn’t verified or approved in the SSS system. ✅ Re-enroll your account in DAEM. ✅ Upload clear, matching documents. ✅ Wait for approval before reapplying.
FAQs
1. Can I apply for an SSS loan while my DAEM account is still pending approval? No, your account must be fully approved first.
2. How do I know if my bank is PESONet-participating? Check the official SSS list in the DAEM portal before enrolling.
3. Can I use my payroll account for DAEM? Yes, as long as it’s under your name and PESONet-enabled.
4. What happens if my DAEM account is rejected? You’ll need to correct the errors and re-enroll before applying for any loan.
5. Can I have multiple DAEM accounts? Yes, but only one can be your preferred account for loan disbursement.
