How to: enroll for a second Pag-ibig MP2 savings account

So you already have an existing Modified Pag-IBIG 2 (MP2) savings account. Perhaps, you recently checked your Virtual Pag-IBIG account and noted your account has been credited with your 6.12% dividend for your 2020 contributions to your MP2 savings. Or, maybe, you’re still waiting for your first dividend.

But one MP2 account is not enough. When that account matures in five years from the time of your first contribution, you can’t wait for another five years to collect your next MP2 savings. You’ve read in the FAQ that you can indeed open and maintain multiple MP2 Savings Accounts:

According to Pag-IBIG’s FAQ, you are allowed to open and maintain multiple MP2 Savings Accounts.

Perhaps, you want to time your multiple MP2 accounts to mature one year after the other — for your liquidity, or maybe just to reward yourself every year.

But how? It’s not in the FAQ, or anywhere in the Pag-IBG website. Lucky you, I have done just that, and I’ll share to you what I did.

Steps for Enrolling additional MP2 Savings Accounts

1. Fill out MP2 Savings Enrollment form

Go to the MP2 Savings Enrollment page and accomplish the form including the pages that follow.

MP2 Enrollment Form

2. Pay your first contribution to your new account

At the end of the enrollment process in Step 1, you’ll have the option to print or save a PDF copy of your enrollment form. In it you’ll find your new MP2 account number and all the other details from their system as well as data you’ve entered as you went through enrollment. Unless you opt to have your contribution auto-deducted from your company salary, you can just save this form in your computer for future reference. No need to submit it to any Pag-IBIG branches. This I confirmed when I emailed their support team.

Of course, if you opted for salary deduction, you’ll need to print and sign this form and submit to HR.

So, you already have your new MP2 account number. You can use that using your favorite payment method. In my case, I paid Php500.00 using Paymaya for my initial contribution.

3. Your new MP2 account will automatically appear in your Virtual Pag-IBIG account

No need to lift a finger here. Just wait 2 or 3 working days, and voila — your new MP2 account will just appear in your Virtual Pag-IBIG account.

My Virtual PAG-IBIG account reflected my new MP2 account and my initial contribution just about 2 working days from payment date.

This is the process available as of March 2021. I can’t assure if the same will be true in the future. So enjoy!

17 Comments

  1. Thank you for this! Really helpful post.

  2. Hello, should I wait for the new account to appear in my virtual pagibig? Or should I pay the contribution right after I added the account?

    • I think you need to pay for the contribution first before the account appears on your Virtual Pag-IBIG account. What I did was pay for just ₱500 first as initial contribution and added some more when the account was already active in Virtual Pag-IBIG

      • How many days do to wait before the new MP2 account appears in your Virtual Pag-IBIG account after paying the initial contribution?

  3. Very relevant and helpful! Good job!

  4. Hi,

    How to change the Salary deduction from new employer?
    I created my 2nd account however my precious company appears on the pdf file. Can I still edit that part?

  5. Ariethe Genieve Campollo

    November 5, 2022 at 10:09 am

    Is there another way to know my mp2 savings account number? I have lost the printed pdf of it

  6. Thanks for this info.
    Ask lang po paano po kpag magbabayad sa gcash ano po ilalagay sa account number yun po bang mid number ko o yung new mp2 account number ko po?

    • Dapat ung MP2 account number. Better yet, what I do is set up the payment sa Virtual Pag-IBIG account online then choose Gcash as mode of payment, then proceed with payment from there. But if you can and your HR is knowledgeable mas maganda kung auto deduction na lang sa payroll mo then si Company na lang mag remit every year.

  7. hello, ofw ako at gusto ko mag open ng 2nd account through online,pwede ba n ang first payment (one time payment) ay sa pag-ibig branch at ang anak ko ang personal n magbayad?

  8. What happens to the additional mp2 account that I opened but wasn’t able to Deposit on it… the account will be closed automatically?

    Thanks

  9. Needed pa ba mag submit ng mga documents for opening another new MP2 account sa Pagibig branch?

  10. Do you need to submit the documents for opening another new MP2 account to the Pagibig branches?

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