How To Add More Funds To Your Sun Life Mutual Fund Account Via BDO and BPI Online Banking

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I love online banking because I hate long lines in banks. Imagine waiting for an hour or more just to deposit your money or pay your bills. I feel the time waiting in line  is a waste of time, which I consider as a very important resource. With the banking technology we have in the 21st century, I really could not understand why long queues  are the common scenarios on a regular banking day. I know a lot of Filipinos are cyberphobic when it comes to transacting online because of security reasons but not me. You should not be afraid  if you know what you are doing; as a matter of fact banking websites are more secured nowadays so you feel safer when you pay your bills online, perform online fund  transfer and more.

With online banking, mutual fund account holders no longer need to physically visit the bank or the mutual fund company’s office to add more money to their accounts. You just need a computer with internet connection to do fund transfer from your bank account to the mutual fund company’s account. Today, I will teach you the step by step procedures on how to do add more funds to your Sunlife Mutual Fund account via BDO or BPI online banking. If you have account with other mutual fund companies , these procedures may help you do the same transaction easily.

Enroll Your Bank Account To Online Banking

In order to enjoy the power of online banking,  you need to enroll first your savings account to the bank’s online banking service.   For BPI, enroll here. For BDO, enroll here. If you already have online banking account from BDO or BPI, proceed to  the next step below.

Enroll Sun Life Bank Account Number to Your Online Banking Account

For BDO Online  Banking:

1. Log in to  your online banking account at https://www.mybdo.com.ph.
2. Click Enrollment Services
3. Click Other Person’s Account
4. Click Enroll

5. Fill up the form. Account number is 000460042254 which is the account number of Sun Life Asset Management Inc. (SLAMCI) in BDO. Account type is Savings Account (PHP), Preffered nickname could be anything like Sun Life Mutual Fund. Also put your personal email address. Click Submit.

6. After clicking the Submit button, a message will appear with the activation code.  List down the activation code.

7. Visit the nearest BDO ATM machine to activate fund transfer to SLAMCI’s BDO account. After entering your pin, choose Other Services button, choose Fund Transfer Activation and  then you will be asked to enter  the activation code. After entering the activation code, a confirmation will tell  you that your fund  transfer is already activated. But you need to wait for 24 hours until the bank account of SLAMCI will appear on the fund transfer feature of your online banking account.

For BPI Express Online Banking:

1. Log in on your online banking account here 2. Click Fund Transfer 3. Click Enroll Third Party Accounts 4. Choose between the 2 options on how would you add a  third party account. I recommend option 2 which what I did when I enrolled. However, you could also choose option 1.

5. Fill up the form. Account name is Sun Life Asset Management, Inc. (SLAMCI). Account number of Sun Life Asset Management. Enter the bank account number of SLAMCI which is 0073179807. Select relationship which is Colleague/Others. Enter purpose by selecting Others and typing Mutual fund transfer. Click Continue.

6. Print the form and sign it. Then submit it to the nearest BPI branch. You will know that this request has been approved if SLAMCI’s account number reflects in your online banking account fund transfer feature. You can also mail it to the address found in option 1 if you do no not want to personally visit any BPI bank.

BDO Fund Transfer

After adding SLAMCI’s BDO account number in your online banking fund transfer feature,  you are now ready to transfer funds into it. Follow these instructions>

1. Log in to your BDO online banking account

2. Click Financial Services

3. Click Financial Transfer

4. Click Transfer Money

5. Fill up the Transfer Details box just like what is shown below. {Minimum investment per fund is 1000 pesos}. Then, click submit.

6. A confirmation message will appear that your fund transfer is successful.  Screen shot the message by pressing Control + Print Screen (PrtScr). Then open Microsoft Paint editor and  then press Control + V to paste the picture/image. You could reduce the size of the picture by using the Resize button. Do not forget to save the picture. If the picture is big enough you could just crop out the important part. The bank will also send you email about the fund transfer which you could also screen shot as proof of investment.

7. You will use the picture in the next and final step which will happen in your Sunlink account or the online account system of Sun Life but let us first learn how to do fund transfer on BPI online banking. Do not delete the picture until you’re done with the next step. At least keep the picture for few months.

BPI Online Banking Transfer

1. Log in  to your BPI online banking account. 

2. Click Fund Transfer

3. Click Transfer Funds Today

4.  Fill up the Fund transfer form like below. {Minimum investment per fund is 1000 pesos}. Then Click Transfer.

5. A confirmation message will appear that your fund transfer is successful.  Screen shot the message by pressing Control + Print Screen (PrtScr). Then open Microsoft Paint editor and  then press Control + V to paste the picture/image. You could reduce the size of the picture by using the Resize button. Do not forget to save the picture. If the picture is big enough you could just crop out the important part. The bank will also send you email about the fund transfer which you could also screen shot as proof of investment.

6. You will use the picture in the next and final step which will happen in your Sunlink account or the online account system of Sun Life. Do not delete the picture until you’re done with the next step. At least keep the picture for few months.

Final Step: Sun Link Online – The Most Important Step

If you just opened your mutual fund account, you could ask your mutual fund agent/representative to assist you in registering your Sun Life mutual fund account on Sun Link Online.  Sun Link is just like bank online banking system in which you could view your fund values/investment amount and other important information. Sun Life life insurance policy accounts and mutual fund accounts of a person are found in just one Sun Link Online account.  Here are the next procedures:

1. Log in to your Sun Link Online account at http://www.sunlife.com.ph.

2. After logging in, you will see your investment list. Click the  My MF Orders  in the navigation bar above.

3.  Then Click the +add button.

4.  The Additional Investment Order Ticket Form will appear. Fill it out completely.  The Branch of Bank and Shareholder’s Privileges can be left blank. Target payment should be Fund Transfer. The proof of payment will be the picture you saved in your computer awhile ago. Note that maximum image size is 320kb so if you exceeded this, you need to resize it using Microsoft Paint. Select Fund Type (Equity, Balanced or Bond). Select Sales Load (Frontend or backend load.). Then enter investment amount per fund. Select the source of your fund. Then click next. Just continue until a confirmation message will appear that your investment has been successfully submitted.

5. Wait 2 to 3 business days for your additional funds to reflect on your account. Happy investing!

Update As of June 2016: New Ways

Instead of using your computer, you can now use your android phone or Iphone to upload your investment deposit slip. Just download the Sun Life PH application in Android and Iphone apps store. Then log in with your account (assuming you already have an online account).

Log in using the app:

Select ” My Account ”

You can now view your mutual fund accounts and the current fund value. Select the account you want to add funds to.

You will notice a “plus” sign. Click that and the Redeem (For withdrawal), Switch Fund (for switching between funds) and Add Fund buttons will appear. Click Add fund.

Then upload the picture of the deposit slip and fill out other details.  You’re done! Wait 3-5 business days for the confirmation of your additional investment.

BDO/BPI Autodebit/Auto Invest

Read my full article about this autoinvest program here.

If you have BDO or BPI account, you can sign documents from SUn Life to set up autodebit arrangement. Sun Life will debit regular amount from you account every month automatically. Make sure you have money in your savings account for successful debit.

These are the forms to fill up:

BDO:

http://cdn.sunlife.com/static/philippines/Products%20and%20Services/Mutual%20Funds/Static%20Files/SLAMCI%20Auto-Invest%20Form.pdf

http://cdn.sunlife.com/static/philippines/Products%20and%20Services/Mutual%20Funds/Static%20Files/BDO-SLAMCI%20ADA%20Form.pdf

BPI:

http://cdn.sunlife.com/static/philippines/Products%20and%20Services/Mutual%20Funds/Static%20Files/2016-SLAMCI%20Auto%20Invest%20Enrollment%20Form.pdf

http://cdn.sunlife.com/static/philippines/Products%20and%20Services/Mutual%20Funds/Static%20Files/BPI%20ADA%20Enrollment%20Form.pdf

Submit the filled up form to any Sun Life customer center or through your agent.

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Raymund Camat

Raymund F. Camat, CIS, REB, CWP®, CEPP® is a SEC-Certified Investment Solicitor (CIS), Certified Wealth Planner and Certified Estate Planner, Phils. He is also a licensed life insurance and mutual fund advisor for the number 1 life insurance company in the Philippines. He wants to educate the Filipino public on the importance of financial planning, investment planning, wealth planning and estate planning. He offers Personal and Family Wealth Planning to Filipinos from different generations. He has a bachelor's degree from the University of the Philippines. You can reach him at +639179698062 or email him at raymund.camat@moneytalkph.com. For OFWs, he also conduct online video consultation through Skype, Viber, Zoom or FB Video Call.

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