The Central Bank of the Philippines issued a supervisory memorandum reminding all BSP-supervised financial institutions that the Philippine National ID must be accepted in all recognized formats as a valid and sufficient proof of identity for financial transactions, without requiring another ID, consistent with Republic Act No. 11055 and its revised implementing rules. Institutions are required to accept the National ID card, National ID in paper form, and Digital National ID as primary proof of identity, verify authenticity using the National ID Check service, and are enjoined to onboard with the National ID Authentication Services through the National ID eVerify platform. Branches must prioritize and include all National ID formats in their lists of acceptable IDs, ensure personnel are informed and equipped to accept and authenticate the IDs, and reinforce implementation through training and aligned internal policies, with clarifications to be coordinated with the Philippine Statistics Authority.
Central Bank of the Philippines 2025-04-06
Central Bank of the Philippines requires supervised institutions to accept all National ID formats and verify them via National ID Check
The Central Bank of the Philippines mandates BSP-supervised financial institutions to accept the Philippine National ID in all formats as valid proof of identity, per Republic Act No. 11055. Institutions must verify authenticity using the National ID Check service and onboard with the National ID Authentication Services via the eVerify platform. Branches must prioritize these IDs, ensure staff training, and coordinate clarifications with the Philippine Statistics Authority.