So you finally managed to setup your Virtual Pag-IBIG account. You can already check your existing regular contributions, and you have opened your first Pag-IBIG MP2 account. How then do you get to add fund to your Pag-IBIG MP2 account?

Currently, there are the following ways:

  1. HR Method
  2. Paying through E-Wallets
    • Gcash
    • PayMaya
  3. Online payment via Virtual Pag-IBIG

We’ll tackle them one by one below. 🙂

HR Method

You can get your human resources (HR) department to automatically deduct a portion of your monthly salary and add it to your MP2 account! Ask your HR colleagues if such an option is available, as it is quite convenient. There is no need to manually do it monthly. Also, you can track it from both your monthly payslip as well as via online, on Virtual Pag-IBIG.

If they don’t support this method, then it’s not a problem, as you have two equally convenient options below. 🙂

Paying through E-Wallets

You can add funds to your MP2 using your e-wallets! More and more Filipinos are getting accustomed to using e-wallets nowadays.

Gcash

Gcash has been offering the ability to add funds to MP2 accounts even before vPagIbig launched. To start, open your Gcash app, and follow the steps below:

  1. On the dashboard, tap on Pay Bills.
  2. Under Biller Categories, tap on Government.
  3. Under the list of billers, tap on Pag IBIG.
  4. Provide your Pag-IBIG MP2 account details:
    1. Type: Modified Pag-IBIG II Savings
    2. Account number
    3. Amount
    4. Period Covered From (in format yyyymm)
    5. Period Covered To (in format yyyymm) — you may choose to set the same date as the “From”.
    6. Email address
  5. Gcash will now ask for your confirmation to proceed with payment. Take note that proceeding with this transaction will charge your Gcash five pesos (PHP 5.00) on top of your nominated MP2 investment. Tap Confirm to continue.
  6. Success! Gcash will now confirm your payment, indicating the overall total amount deducted from your Gcash account. Don’t forget to save a copy of this transaction by tapping that “Download” icon on the top-right corner of the app. 🙂

PayMaya

As of the moment, adding funds using PayMaya bills payment is not available — unlike Gcash’s method above. However, using its Scan to Pay facility though is something you can use to pay through the Virtual Pag-IBIG option below. Continue to the next section for the details!

Online payment via Virtual Pag-IBIG

Paying for your various Pag-IBIG-related loans has never been easier ever since the launch of the Virtual Pag-IBIG (vPagIbig) last November 2019. It’s the same case for adding funds to MP2!

Virtual Pag-IBIG login page

Once you are able to login to Virtual Pag-IBIG, access the left-pane menu and click on Pay OnLine, then click on MP2 Savings.

Pay OnLine screen in Virtual Pag-IBIG
Under “Pay OnLine”, you will see MP2 Savings. You can also use this to pay other types of Pag-IBIG loans of course. 🙂

Provide your details to add fund to Pag-IBIG MP2

The main panel of the site then shows a form with a lot to fill in. Don’t get intimidated! There are a lot of fields but these are the only things you need to focus on:

  1. Choose your Membership Category (Local or Overseas).
  2. Payment Method: You have a choice between using your credit card or PayMaya.
  3. Provide your Modified Pag-IBIG II Savings Account Number, then click Verify. Doing so will auto-populate the rest of the fields based on your records!
  4. Under MP2 Savings (PHP), indicate the amount you wish to contribute. The Amount Due and Convenience Fee further below then automatically recomputes based on your input here.
  5. Next, choose the month and year under Period Covered From where this contribution is to be considered. The Period Covered To field automatically updates as well.
  6. (Optional, but recommended): Tick the checkbox(es) that will send confirmation of payment to your indicated SMS and email address. This is for your personal copy once confirmed.
  7. Provide the displayed code for validation.
  8. Tick on “I Agree with the Terms and Conditions” to proceed.
  9. Click Next.

Payment Method

Dropdown showing payment method

As indicated in Step 2 above, Virtual Pag-IBIG offers you two ways to pay for your MP2 contributions: Credit card and PayMaya.

The convenience fee will depend on the payment method that you choose:

  1. Via PayMaya: Flat fee of five pesos (PHP 5.00)
  2. Via credit card: 1.75% of the amount to be contributed.

PayMaya Scan To Pay

If you choose to pay using PayMaya, just open your e-wallet and scan the QR code that displays on the page.

QR code for PayMaya payment for MP2

Credit Card Payment

On the other hand, if you chose the other option, you may choose between a credit or debit card to add fund to your Pag-IBIG MP2. If you do so, simply provide your name, card number and the CVV code, typically found at the back of your card.

Confirmation page for credit or debit card payment
You may use your preferred credit or debit card to pay for your MP2 contribution!

Take note: Some banks are already implementing one-time passwords (OTP), which usually send a six-digit code via SMS to be able to proceed with the transaction. Check with your bank if they have already implemented this additional layer of security for your credit or debit card.

AUB credit card payment OTP screen
Payment verification via bank’s one-time password (OTP)

Payment Confirmation

Once the transaction completes, a confirmation will be shown to you, as well as via SMS and email (if you chose those options earlier). Congratulations! You have successfully added to your MP2 savings!

Payment successful via credit card

How soon does adding funds reflect on your MP2 Account?

Three (3) business days. I added funds to my MP2 account on a Monday. This was both via online payment and via e-wallet, just to try out an experiment. I checked my MP2 transaction history daily on Virtual Pag-IBIG. Three days later, it was already there in the history, reflecting both payments!

Conclusion

We tackled three main ways of adding funds to your Pag-IBIG MP2 account. The first involves your HR if they support adding to your MP2. This is the easiest, and it doesn’t cost you any extra charges. The second is via the use of e-wallets. This method costs you a flat fee of five pesos regardless of your contribution. The third option is via Virtual Pag-IBIG’s online payment gateway. Using credit or debit cards charge an additional 1.75% on top of your nominated investment.

Hopefully, regardless of the method you choose, you get to invest your hard-earned money regularly, so you can reap its benefits in due time! Happy investing!