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The Social Security System (SSS; Filipino: Paseguruhan ng mga Naglilingkod sa Pribado) [4] is a state-run social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954.
Often called "verifying funds" or "merchant funds verification", it was common practice until the mid-2000s that any business or individual could call the bank where the check was drawn and ask for check verification. The bank would ask for the account number, the name on the check, the amount and the check number and just look up the account.
Key takeaways. Check your balance online, on the phone, through your bank's mobile app, at the ATM and with bank statements. A bank teller can provide account details in person.
Account verification is the process of verifying that a new or existing account is owned and operated by a specified real individual or organization. A number of websites, for example social media websites, offer account verification services.
Criminals can intercept mailed checks and access your banking details. The United States Postal Inspection Service recovers more than $1 billion in fraudulent check and money orders.
Social Security System Government Service Insurance System PhilHealth Pag-IBIG Fund: Social Security System or Government Service Insurance System members; and Pag-IBIG Fund member: Voter's identification card: Commission on Elections: Registered voters for elections: PRC License ID: Professional Regulation Commission: Professional License
3. Visit or Call the Bank. Only the bank that issued a cashier’s check can truly verify it. Keep in mind that you can’t verify a cashier’s check online, but other options are available.
The agency responsible for implementation is the Social Security System (SSS), and also the Government Service Insurance System (GSIS), the Philippine Health Insurance Corporation (PhilHealth), and the Pag-IBIG Fund (Home Development Mutual Fund) use the card. [3] The card was also suggested to be used as a voter ID. [4]