UnionBank of the Philippines, in collaboration with Bangko Sentral ng Pilipinas (BSP) and ATRAM Trust Corporation (ATC), has recently launched a new feature on UnionBank Online app that allows customers to conveniently open a Personal Equity and Retirement Account or PERA – a voluntary savings and investment program designed for long-term goals and retirement.

Preparing for the Future with PERA

In line with BSP’s advocacy, PERA promotes long-term financial wellbeing among Filipino families. It helps individuals prepare for a more comfortable and secure retirement. Through PERA, customers can invest in BSP-approved products with strong long-term growth potential.

With the evolving economic landscape, programs like GSIS, SSS, and employer retirement plans may not be enough. Future financial needs continue to grow, making traditional pension sources less reliable over time. Moreover, PERA provides an additional layer of financial support for individuals. It empowers customers to take a proactive approach to retirement, long-term goals, and overall financial security.

Making PERA More Accessible to Filipinos via UnionBank Online

Supporting BSP’s push for greater financial inclusion, UnionBank created a fully digital PERA experience that allows customers to open an account without filling out lengthy forms or uploading multiple documents. Once onboarded, customers can begin growing their longterm and retirement savings through BSPaccredited investment products.

For the initial phase, UnionBank co-created the digital experience with its trust partner, ATC. ATC plays an administrative role in supporting the platform and its operations. Additionally, it provides customers with a wider range of investment products to choose from.

“We believe that preparing for the future should be simple, inclusive, and accessible to every Filipino,” said Ana Aboitiz Delgado, Union Bank of the Philippines President and CEO. “By fully digitizing PERA onboarding within UnionBank Online, we are removing traditional barriers to longterm investing and enabling our customers to start building financial security earlier, conveniently and confidently.”

With a secure platform, PERA via UnionBank Online aims to encourage more Filipinos to grow their savings as early as possible so they can be financially secure for the future.

Just the Beginning: Charging Toward a More Seamless PERA Experience

UnionBank views the launch of PERA on its app as a foundational step in this financial security campaign. Soon, customers will enjoy a fully integrated journey, from onboarding to account management, for a true straight-through experience.

From being an early mover in BSP-led Open Finance initiatives to pioneering their own fully digital PERA onboarding feature, UnionBank continues to redefine what’s possible in Philippine banking. With PERA now accessible in UnionBank Online, Filipinos have an easier, smarter, and more reliable way to invest in their future.

To know more about PERA via UnionBank Online, please visit https://www.unionbankph.com/unionbankonline/pera. Union Bank of the Philippines is regulated by the Bangko Sentral ng Pilipinas https://www.bsp.gov.ph. Deposits are insured by PDIC up to 1 Million pesos.

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