Security Bank - Grace Alumni Association Cash Card FAQ

Q: What is a Security Bank – Grace Alumni Cash Card?
A: The Security Bank – Grace Alumni Cash Card (“GAA Cash Card”) is a Security Bank card in partnership with Grace Alumni Association, Incorporated (the “Alumni Association”). Available exclusively to qualified alumni of Grace Christian High School (now, Grace Christian College), it is a multi-purpose, PIN-based, re-loadable card that will allow the cardholder to access funds and perform financial transactions via Security Bank or other banks’ ATMs and authorized BancNet, Megalink and Expressnet merchant POS terminals. The card’s available balance is non-interest bearing and is not insured by the Philippine Deposit Insurance Corporation (PDIC). At the same time, cardholders can avail of benefits and privileges at participating establishments, under such terms, conditions and guidelines as set by the participating establishments.
Q: How do I avail of a GAA Cash Card?
A: Qualified alumni of Grace Christian High School (now Grace Christian College) can secure and fill up an Application Form available at:
  1. 1. Selected branches of Security Bank (please see attached separate form for the complete list)
  2. 2. Campus of Grace Christian High School (GCHS).
  3. 3. Official website of Grace Christian College (online application)
Depending on the type of GAA Cash Card applied for, a relatively minimal amount will be assessed, a portion of which amount will be loaded into the GAA Cash Card as initial balance of the cardholder. No other documents or charges are required or imposed.
Q: How do I apply online?
A: Download and fill-out the online application form then print. Sign the application form and submit to a selected Security Bank branch.
Q: What are the requirements to avail of a GAA Cash Card?
A: The requirements are:
  • One (1) photo-bearing ID
  • Photocopy of ID presented
  • Security Bank – GAA Cash Card Purchase Agreement Form
  • Universal Specimen Signature Card (USSC)
Q: What are the acceptable IDs?
A: The acceptable IDs are:
  1. Passport
  2. Driver’s License
  3. Professional Regulation Commission (PRC) ID
  4. National Bureau of Investigation (NBI) Clearance
  5. Police Clearance
  6. Postal ID
  7. Voter’s ID
  8. Barangay Certification
  9. Government Service Insurance System (GSIS) e-Card
  10. Social Security System (SSS) Card
  11. Senior Citizen Card
  12. Overseas Workers Welfare Administration (OWWA) ID
  13. OFW ID
  14. Seaman’s Book
  1. Alien Certification of Registration/Immigrant Certificate of Registration
  2. Government Office and GOCC ID, e.g. Armed forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID)
  3. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  4. Department of Social Welfare and Development (DSWD) Certification
  5. Integrated Bar of the Philippines ID
  6. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC OR IC
Students who are beneficiaries of REMITTANCES/FUND TRANSFERS who are not yet of voting age may be allowed to present the original and submit a clear copy of one (1) valid photo-bearing school ID duly signed by the principal or head of the school.
Q: What are the types of membership and how much do I have to pay?
A: The types of membership are: (1) Graduating (college students), (2) Ordinary and (3) Lifetime. Below are the fees you have to pay:
Card Fee Initial Load
(part of the Card Fee)
Graduating (college students) P 500.00 P 300.00
Ordinary P 1,000.00 P 750.00
Lifetime P 3,000.00 P 2,00.00
Q: Do I have to open a separate account in order to have a GAA Cash Card?
A: No. You do not have to open a separate account at Security Bank. Your GAA Cash Card will have a special number which allows you to load and access funds without opening and maintaining a separate account.
Q: How much do I have to maintain in my GAA Cash Card?
A: Your GAA Cash Card has no required minimum maintaining balance and benefits and privileges can be availed by the cardholder at participating establishments even if the maintaining balance is nil.
Q: What ATMs can I use to withdraw the available funds in my GAA Cash Card?
A: You can use any ATM in the Philippines in withdrawing your available funds.
Q: How much will I be charged if I withdraw the available funds in my GAA Cash Card?
A: Free, if you use any Security Bank ATM. Otherwise, you will be charged with P10 per transaction.
Q: If my GAA Cash Card is loaded with P 30,000, can I use-up all of this in a single day?
A: Yes, you can use-up all of this in a single day.
Q: Up to how much can I withdraw per day?
A: Using any Security Bank ATM, You can withdraw up to P 10,000 per transaction and P 40,000 per day.
Q: What is a “debit card” and can I use my GAA Cash Card as a “debit card”?
A: A debit card provides an alternative payment method to cash when making purchases. Funds are withdrawn directly from the remaining balance on the card upon purchase. Your GAA Cash Card can be used as a debit card.
Q: How much is the charge if I use my GAA Cash Card as a “debit card”?
A: Use of your GAA Cash Card as a debit card is free of charge.
Q: If I use my GAA Cash Card as a debit card, and the Cashier asks me “Savings or Checking?”, what should I answer?
A: You’re answer should be “Savings”.
Q: If I swipe my GAA Cash Card, will I key-in my PIN?
A: Yes, you will key-in your PIN to authorize your transaction.
Q: Is my GAA Cash Card reloadable?
A: Yes, your GAA Cash Card is reloadable.
Q: Where and how will I re-load my GAA Cash Card?
A: You can re-load you GAA Cash Card through any of the following:
  • Fund transfer using Security Bank Online, ATM, MobileBanker and TeleBanker
  • Cash deposit (over the counter) in any Security Bank branch
Q: Is there a fee if I re-load over the counter in a Security Bank branch?
A: None, re-loading in any Security Bank branch is free of charge.
Q: Is there a fee if I withdraw over the counter in a Security Bank branch?
A: Yes. You will be charged with P100 per transaction.
Q: Is there a limit on the re-loading amount in my GAA Cash Card?
A: Yes. You are only allowed to load a maximum of P 100,000 per month. Should your aggregate load per month exceeds this limit, the excess amount shall be put on hold and shall be released the following month.
Q: Does this mean that I will not be able to withdraw the amount on hold?
A: Yes. You will not be able to withdraw the amount on hold until the following month.
Q: How do I inquire my balance in my GAA Cash Card?
A: You can inquire your balance using any SBC ATM (free of charge) or other local ATMs (with P10 charge). You can also enroll your account in Security Bank Online to see your balance for free.
Q: What transactions can I perform if I enroll my GAA Cash Card in Security Bank Online?
A: You can perform the following transactions if you enroll yourGAA Cash Card in Security Bank Online:
  • Balance Inquiry
  • Inquire on your last 10 transactions
  • Fund Transfer within Security Bank accounts (immediate, schedule it on a later date or even monthly auto-debit)
  • Bills Payment (immediate, schedule it on a later date or even monthly auto-debit)
Q: What bills can I pay in Security Bank Online?
A: You can pay the following bills in Security Bank Online:
  • Utility Bills: Manila Water, Maynilad, Merlaco, Subic Water, Visayan Electric Company
  • Credit Cards: Allied Bank/ PNB, BDO, Bankard/ RCBC, Citibank, East West Bank, HSBC, Metrobank/ PSB, Security Bank, Union Bank, Standard Chartered
  • Telecommunication: PLDT, Globe, Smart, Bayantel, Digitel,
  • Cable and Internet: Innove, MyDestiny, Destiny, Sky Cable/ Home/ ZPDEE
  • Insurance: Great Life Insurance, Paramount Life, Pioneer Life, PNB Life Insurance,
  • Pre-need Plans: Loyola Plans, Manila Memorial Park
  • Airline: Cebu Pacific
  • Loans: Citifinancial, Standard Chartered EZ Loan
Q: What should I do if my GAA Cash Card was stolen?
A: Report the incident to Security Bank Del Monte branch or call 88-791-88.
Q: How much do I have to pay for a replacement card?
A: You have to pay P150.00 for a replacement card.
Q: Will there be a Dormancy Fee I have to pay?
A: Yes, if your account has no financial transaction for 12 consecutive months. Fee is P300 per month starting on the 14th month.
 
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