EXPECTED DISTRIBUTION ACCOUNT (EDA)

In consideration of our members who rely on their quarterly payout, AFPSLAI created the Net Income Distribution or Expected Distribution Advance (EDA) facility which replaces the quarterly distribution pay-out. This facility allows the members to receive in advance their EDA on a quarterly basis, which are supposed to be released one-time after the calendar year.

FEATURES

All members with CCA balance of at least ₱1,000 can apply for the EDA facility (release of EDA for those members with past due loans shall be subject to existing policy).
No EDA application, no EDA.

Procedures

Member proceeds to the Membership Section.
Member fills out an Expected Distribution Advance (EDA) Form.
Member fills out an EDA Consent Form (for joint accounts).
Member fills out a Transfer Option Form (for EDA to be transferred to the preferred bank).

FAQs

Q: What is Expected Distribution Advance (EDA)?
A: In consideration of our members who rely on their quarterly payout, AFPSLAI created the Net Income Distribution or Expected Distribution Advance (EDA) facility which replaces the quarterly distribution pay-out. This facility allows the members to receive in advance their EDA on a quarterly basis, which are supposed to be released one-time after the calendar year.

Q: Should all members apply of this facility?
A: No, this facility is optional. Members who still want to get their dividend annually need not apply for EDA.

Q: When is EDA released?
A: The release of EDA starts on the 4th Monday of the month following the end of the quarter.

Q: What are the accredited banks to which our EDA can be transferred?
A: Accredited banks for transfer option are BDO, BPI, MBTC, PNB and RCBC.

Q: How do we cancel our EDA application?
A: You may fill out a Request for Cancellation of EDA Form, which is available in the Branch and Satellite Offices, as well as in the website.

Q: How is EDA computed?
A: EDA = EDA Rate x Lowest Quarterly Balance (LQB) for the Quarter

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