Remitting SSS contributions, loan amortizations and other payments through banks is safer and more convenient for employers.
Banks have existing networks that extend to remote areas.
With a bank in his vicinity, an employer need not travel all the way to an SSS office to make his monthly remittances. These serve as your official receipt. Always remit on or before the last working day of the applicable month. Contributions not remitted on time will be charged a 3 per cent penalty interest.