Personal Equity and Retirement Account (PERA) via UnionBank Online App Launch

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 the Bangko Sentral ng Pilipinas’ (BSP) advocacy to promote long‑term financial well‑being among Filipino families, PERA helps individuals prepare for a more comfortable retirement. Through PERA, customers can invest funds in BSP‑approved products that have the potential to grow over time.

With the evolving economic landscape, government‑mandated pension programs such as GSIS and SSS, as well as employer‑provided retirement plans, may not always be sufficient to meet future needs. PERA offers an additional layer of financial support, empowering customers to take a more proactive approach to financial planning — whether for retirement, long‑term goals, or added 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 long‑term and retirement savings through BSP‑accredited investment products.

For the initial phase, UnionBank co-created the digital experience with its trust partner, ATC, which plays an administrative role providing 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 long‑term 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.