Removal of 1.75% Convenience Fee Charges on Pag-IBIG Fund Virtual Payment Facility


Removal of 1.75% Convenience Fee Charges on Pag-IBIG Fund Virtual Payment Facility
The issue
Help to SAVE for FILIPINOS. Don't Rip off their hardearned Money.
Please help me to campaign the removal of convenience fee 1.75% on the Pag-IBIG Fund Online Virtual Payment Facility. As they charge excessive convenience fee. This convenience fee rate applies to all payment whether regular savings, Modified, short-term loan or housing loan payment.
If you pay more, the more convenience fee you pay.
For example, if you pay for MP2 Modified Pag-IBIG II Savings:
Monthly Payment at P75,000 x 1.75% = P1,312.50
So if you pay this convenience fee monthly, you will accumulate a convenience fee charges in one year for P15,750.
This is too much or excessive charges. For the fact, you only get not so big dividends. This gives burden to all OFWs working abroad whether land based and sea based. Our hard earned money should not be paid to this excessive convenience fee charge in the payment gateway of Pag-IBIG Online Vitual Payment Facility Platform.
93
The issue
Help to SAVE for FILIPINOS. Don't Rip off their hardearned Money.
Please help me to campaign the removal of convenience fee 1.75% on the Pag-IBIG Fund Online Virtual Payment Facility. As they charge excessive convenience fee. This convenience fee rate applies to all payment whether regular savings, Modified, short-term loan or housing loan payment.
If you pay more, the more convenience fee you pay.
For example, if you pay for MP2 Modified Pag-IBIG II Savings:
Monthly Payment at P75,000 x 1.75% = P1,312.50
So if you pay this convenience fee monthly, you will accumulate a convenience fee charges in one year for P15,750.
This is too much or excessive charges. For the fact, you only get not so big dividends. This gives burden to all OFWs working abroad whether land based and sea based. Our hard earned money should not be paid to this excessive convenience fee charge in the payment gateway of Pag-IBIG Online Vitual Payment Facility Platform.
93
The Decision Makers
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Petition created on 15 August 2020