SSS Loan Application Will Be Rejected Due to the Following Reason(s): Invalid Bank Account Details
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SSS Loan Application Will Be Rejected Due to the Following Reason(s): Invalid Bank Account Details
You’ve waited for weeks for your SSS Salary Loanⓘ approval, only to get the dreaded notice:
“Invalid Bank Account Details.”
Nakakainis, right? This error is more common than you think — and it can delay your loan releaseⓘ by weeks or even months. Since SSS now uses PESONet-accredited banksⓘ via the Disbursement Account Enrollmentⓘ Module (DAEMⓘ), your bank account details must be 100% correct. Even a single typo can stop your loan from being released.
This matters to every SSS member because it’s not just about the loan approval — it’s about getting the money into your hands without unnecessary delays.
Why Does This Happen?
Common Causes of Invalid Bank Account Details
Wrong account number
Mistyped digit or missing number.
Wrong account type
Selecting “Savings” instead of “Current” (or vice versa).
Using a non-PESONet bank
Some banks are not part of the SSS payment network.
Bank account not in your registered name
The name in your bank record must match your SSS records exactly.
Special characters or spacing issues
Adding hyphens or spaces when the system only accepts numbers.
Example Scenario
Mark applied for an SSS Salary Loan and enrolled his bank account in DAEM. However, he entered one wrong digit in his account number. When SSS tried to deposit his loan, the transaction failed — leading to a “Rejected” status. He had to update his bank details and wait for the next payout batch.
How to Solve It
Step 1: Verify Your Bank Details
Check your bank passbook, online banking, or ATM card for the exact account number.
Make sure the bank name and account type match your bank records.
Step 2: Ensure Your Bank is PESONet-Accredited
Only PESONet banks or e-wallets are accepted by SSS.
You can find the list on the SSS website or ask your bank.
Step 3: Update Your Bank Details in My.SSS
Log in to My.SSS.
Go to E-Services → Disbursement Account Enrollment Module (DAEM).
Remove the invalid account and add the correct one.
Upload proof (ATM card, deposit slip, or bank certification).
Step 4: Wait for SSS Approval
Bank details usually take 1–5 working days to be verified.
What You Can Do Yourself
Always double-check before submitting your bank details.
Avoid using joint accounts — SSS requires the account to be under your name.
If you switched banks, update DAEM immediately before applying for a loan.
Maintain an active account to avoid other errors like “Dormant Account.”
If It Still Can’t Be Fixed After Multiple Attempts
Visit your nearest SSS branch with valid ID and proof of bank account.
Ask your bank for a Bank Certification confirming your account details.
Plan Before You Apply
Before even starting your loan applicationⓘ, check how much you can actually get using the SSS Salary Loan Calculator. This way, you can ensure your bank details are ready before the payout.
TL;DR (Too Long; Didn’t Read)
Loan rejected because of invalid bank account details. âś… Check and correct your account number, bank name, and account type. âś… Only use PESONet-accredited accounts under your name. âś… Update DAEM and wait for SSS to verify before reapplying.
FAQs
1. Can I use my payroll account for SSS loan disbursement? Yes, as long as it’s active, PESONet-accredited, and under your name.
2. How long does it take for updated bank details to be approved in DAEM? Usually 1–5 working days after submission.
3. Can I use an e-wallet instead of a bank account? Yes, if the e-wallet is PESONet-accredited and under your registered SSS name.
4. What happens if I enter the wrong account number? The payout will fail, and your loan will be rejected until you correct it.
5. Is there a penalty for invalid bank account details? No penalty, but your loan release will be delayed.
