Investing in mutual fund takes a lot of courage because you face some risks of losing your hard earned money. We all know our stock market is very volatile and do not offer fixed interests. But if you are determined and committed to achieving financial freedom in the future, meaning you have long-term goals, then you’re on the right track.

Good thing, with mutual fund, they are managed by fund managers so you don’t need to give so much focus on how the market goes. As long as you are consistently investing part of your hard-earned money to your mutual fund account, you’ll reap them abundantly in the future.

So let me congratulate you on taking this step towards financial freedom! Hooray!!!

Now, I’m going to share 3 different ways on how you can add more funds to your Sun Life mutual fund account.

1. Automatic Debit Arrangement

Automatic debit arrangement is a facility offered by some companies that allow them to collect money directly from the account holder’s bank account.

Below are the lists of banks where you can have your mutual fund account to be automatically debited.

Download the ADA form of bank where you want your account to be enrolled in auto invest.

• BDO ADA Form
• BPI ADA Form
• Security Bank ADA Form
• Metrobank ADA Form

You may contact your MF Advisor to help you in filling up these forms or just refer to this guide to make things easier.  After filling up the form, you can submit them to any of our Sun Life Client Service Centers and wait for 2-3 weeks for your account to be updated.

You can call our Customer Service hotline (849-9888) to check the status of your enrollment.

2. Over-The-Counter Transaction

If you’re not comfortable with automatic investing and you want to personalize your budget or income before even distributing it to your insurance, investment and bills (just like what I sometimes do), you can do over-the-counter transactions to invest in your mutual fund account.

Just take note of the following account numbers of Sun Life Asset Management Company, Inc. (SLAMCI):

Peso bank accounts:

Account Name: Sun Life Asset Management Company Inc.

Account Number and Accredited Banks

• 046-004225-4                       Banco de Oro
• 0073-1798-07                       Bank of the Phil. Islands
• 5-602714-022                       Citibank
• 000-270579-070                   HSBC
• 1801-0249-00                       Land Bank
• 01-059-003283-8                 Maybank*
• 066-3718-10691-6               Metrobank*
• 264-522191-8                       Phil. National Bank**
• 3-001-00840-3                      RCBC
• 0514-020724-200                Security Bank
• 014-0953811-004                Standard Chartered
• 104-165963-8                       UCPB*

*Charges apply when cash deposits are made outside Metro Manila.

Dollar bank accounts:

• 046-006383-9                       Banco de Oro
• 1624-0061-07  Bank of the Phil. Islands**
• 5-602714-057  Citibank
• 1204-668-305  Deutsche Bank
• 001-095603-130  HSBC
• 01-759-000153-0                 Maybank
• 066-2066-10860-5               Metrobank**
• 264-707757-1                       Phil. National Bank*
• 8-001-00967-3  RCBC
• 0514-020724-201  Security Bank**
• 905-5349103-349 Standard Chartered
• 01-104-300835-0                 UCPB

Important Notes:

• Dollar deposits are subject to 5-15 banking days clearing period depending with the bank
• **Bank charges apply when deposits are above $5,000.
• Banks highlighted with blue has no clearing period for dollar deposits

What’s next?

a) Just fill up the deposit slip from each bank with the correct account name and account number. 

b) Take a picture of the slip when validated.

c) Go to your Sun Link Online Account by choosing “Add Fund” option. (If your mutual fund account is not yet registered online, click here to know the steps.)

d) Choose mode of payment. Click bank for bank deposit.

e) Fill up the needed information including bank name, deposit amount, date of deposit and upload the image of bank deposit transaction.

f) Choose fund type and sales load.

• *Front end – corresponding fees apply upon entry but you will not be charged already when you redeem or withdraw your money
• *Back end – no fees upon entry but you will be charged when you redeem or withdraw your money for a specific duration from the time it is invested.

g) Accept terms and conditions then click submit.

h) Wait for 2-3 business days for SLAMCI to notify that your deposit has been credited to your mutual fund account

3. Online Transfer

When you are not into long lines in the bank, online banking will be the easiest and fastest transaction for you.

a) Just choose among SLAMCI’s accredited banks and input the account number correctly. Transfer of funds from one person to another account differs depending which bank you prefer, so you might want to double check the process just to be safe.

b) Transfer your preferred investment amount online to corresponding bank account number of SLAMCI. (e.g. BPI express online)

c) Screenshot transaction or confirmation from the email.

d) Go to your Sun Link Online Account by choosing “Add Fund” option. (If your mutual fund account is not yet registered online, click here to know the steps.)

e) Choose mode of payment. Click bank for bank deposit.

f) Fill up the needed information including bank name, deposit amount, date of deposit and upload the image of bank deposit transaction.

g) Choose fund type and sales load.

• *Front end – corresponding fees apply upon entry but you will not be charged already when you redeem or withdraw your money
• *Back end – no fees upon entry but you will be charged when you redeem or withdraw your money for a specific duration from the time it is invested.

h) Accept terms and conditions then click submit.

i) Wait for 2-3 business days for SLAMCI to notify that your deposit has been credited to your mutual fund account.

BONUS!

If you think uploading proof of deposits hassles you, BDO offers direct deposit to your mutual fund account. This is open for BDO and non-BDO accountholders.

1. Over-the-counter transaction

a) Visit any BDO branch and fill out a Payment Slip. 

b) On the Company Name field, indicate the complete Company/Biller Name of the mutual fund you wish to invest in. Please refer to table below: 

c) On the Subscriber’s Account No. field, write the mutual fund account number and the appropriate prefix for front-end (FE) or back-end (BE) load (except for the Money Market Fund).

Example: FE12345678CF01 or BE12345678CF01

d) For check payments, just fill up the Check Payment Breakdown field.

e) Once processed, wait for 2-3 business days for SLAMCI to notify that your deposit has been credited to your mutual fund account.

Note:

• For Money Market Fund investment, simply write the corresponding mutual fund account number on the Subscriber Number field as this has zero sales load. (Example: 12345678CF01)
• A transaction fee of Php 40 applies for OTC bills payment so the minimum amount should be Php 1,040 except if investment amount is Php 100,000 and above.

2. Online transfer (for BDO account holders only)

a) First, log in your details here: https://online.bdo.com.ph and click on the Enrollment services located at your left-hand side. 

b) Enroll the corresponding mutual fund by clicking the drop-down button on the Company/Billers Name field. Make sure to choose the correct mutual fund you wish to enroll. Please refer to table below:

c) On the Subscriber’s Account No. field, write the mutual fund account number and the appropriate prefix for front-end (FE) or back-end (BE) load (except for the Money Market Fund).

Example: FE12345678CF01 or BE12345678CF01

d) On the Subscriber Name field, provide your name as reflected in your mutual fund investment account.

e) Remember to tick Automated Teller Machine if you also wish to be able to top up your investment through an ATM. Click Submit. 

f) Once enrolled, click Pay Bills and Reload >> Bills Payment>> Pay Bills.

g) Provide the payment details including funding/source account, company biller, amount and remarks (if applicable).

h) Click submit.

i) Wait for 2-3 business days for SLAMCI to notify that your deposit has been credited to your mutual fund account.

Note:

• The minimum amount the bank’s system will accept is Php 1,000. Any amount below Php 1,000 will prompt an error message.
• You must be enrolled in BDO’s Online Banking to be able to use Bills Payment via Electronic Banking Channels.

So there you go! I hope you find this article very helpful. Happy investing Money Wisers!

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