How to Withdraw the Pag-IBIG MP2 Annual Dividend

 

I opened an MP2 account with annual dividend payout in 2021.  Dividends are credited yearly, usually in March or April or within 1-2 months after the announcement of the dividend rate.  

The annual payout dividends, if just left in one’s account, WILL NOT earn future dividends.  This feature is unlike the dividends in the MP2 variant with annual compounding.   

These annual payout dividends can be withdrawn and then reinvested back as MP2 savings. 

I withdrew the 2021 and 2022 dividends in June last year.  This month, I withdrew the 2023 dividends.  I received the dividends via check. 

Based on my experience, here is a guide on how to claim your Pag-IBIG MP2 annual payout dividends: 

• Visit a Pag-IBIG branch.  Inform the person at the reception counter that you want to apply for the release of your MP2 annual dividends.  You will be given a form and a queue number.

• Fill out the application form.  Write your MP2 account number and your Pag-IBIG membership ID number (regular Pag-IBIG number).

• Prepare the following requirements:

        1.  Two valid IDs and a photocopy of each ID.  Put your signature three times in

              each photocopy. 

        2.  Proof of MP2 payment.  I was asked to provide proof of the very first payment I

              made. Because I paid online in 2021, I provided a printout of the Pag-IBIG Online

              Payment Confirmation email and the Paymaya confirmation.   

              Last year, I was not aware that this was needed (I do not know if other branches

              also require this). Fortunately, there was a kiosk with a computer, printer, and

              photocopier beside the Pag-IBIG office. There are usually establishments like this

              near government offices – very convenient just in case you are asked to provide

              unexpected requirements.

        3.  If you prefer to receive the dividends in your bank account instead of by check,  

              provide your personal bank account details (account number, bank branch and 

              address) and a document reflecting your bank account number  (e.g., photocopy

              of ATM card).  

              I asked last year if it was possible to have the annual dividend deposited in my 

              Pag-IBIG Loyalty Card Plus account (Asia United Bank Hello Pag-IBIG prepaid 

              banking/e-wallet account). I was told that it was not possible at that time. 

• When it is your turn at the provident claims counter, submit the application form and the other requirements.   If the requirements are complete, you will be given an acknowledgment receipt.  

The tentative release date written in the acknowledgment receipt I received this month was 20 working days.  However, the dividend check was released much earlier than that.

Pag-IBIG MP2 annual dividend withdrawal form and MP2 online payment confirmation

Last year, I submitted the application form and requirements on a Thursday.  Five working days later, I received a text message from Pag-IBIG that the check was ready to be claimed.  The date on the check was 2 working days after the submission of requirements.

This year, I submitted the requirements on a Thursday.  After 8 working days, I received the text message from Pag-IBIG to pick up the check. The LANDBANK check was dated 6 working days after the submission of requirements.  It probably took longer to release the check this year because Pag-IBIG had to update my account to reflect the 2023 dividend.