Recurring Payment Incentive Program

By submitting Post‑Dated Checks (PDC) or enrolling in the Automatic Debit Arrangement (ADA), the buyer agree to the following Terms:

1. The buyer must consistently use only the enrolled PDC or ADA as the official mode of payment. Payments made using alternative payment channels—including but not limited to cash, online transfer, bank deposit, or e-wallet—will result in non‑compliance and potential forfeiture of eligibility for related privileges or programs.


2. The buyer must complete twelve (12) consecutive monthly Down Payments (DP) using only PDC or ADA.


3. The buyer must maintain account in good standing, that is, no missed, late, returned, or failed payments, including the absence of dishonored checks or failed ADA debits. Any late, skipped, failed, or returned payment throughout the whole PDC/ADA term will result in disqualification from the program.


4. The rebate is released at the end of the following month after confirmation and completion of every 12 consecutive successful DP payment or after the final payment if fewer than 12 months remain.


5. Rebates are issued via check payable to the primary buyer.
   
   
   
   • ADA accounts: released to the enrolled bank account (no Bank Information Form needed).
   
   
   • PDC accounts: released to the designated bank account (Bank Information Form required).
   
   
   
   


6. The buyer is responsible to keep their preferred depository bank account active and updated, and to notify SMDC of any modifications.


7. SMDC may change these Terms at any time and such updates shall take effect once officially communicated.

1. Download the enrollment form from your preferred bank link below, then fill out the ADA Form. Ensure all required fields are fully completed, and the Terms and Conditions are originally signed by the account holder.




1. BDO ADA Form


2. Chinabank ADA Form


3. Security Bank ADA Form




2. Submit the completed form together with the following supporting documents in a sealed envelope

Requirements:

• Proof of Identification (Valid ID):




• Any two (2) valid government IDs with signature




• Proof of Bank Account Number Details (any of the ff. copies):




• Bank Statement


• Validated Transaction Slip


• Passbook showing the account number


• Check with account holder’s name

1. Go to BPI’s e-ADA Enrollment link at BPI e-ADA (https://bpi-ada.com/)


2. Search for and select the company name from the options below.




1. SM Development Corporation


2. SM Prime Holdings Inc


3. Vancouver Lands, Inc.


4. Signatures Development Corporation




3. Read and Agree to the Terms and Conditions


4. Input the 11-digit Contract Information Number (CIN) found in you Thank you Letter, Statement of Account and Schedule of Payment. Holding numbers are not allowed.


5. Enter the username and password in the BPI Authentication Page.


6. Select the preferred BPI bank account you want to enroll


7. Enter the OTP sent to your bank‑registered mobile number.


8. Confirmation screen will be shown. Keep a copy on file for future reference

Issue Post-Dated Checks (PDCs)according to your Schedule of Payment (SOP)

Ensure that these details are followed in the Check:

• Pay to the order of the Company Name


• Date and Amount of check should match your Schedule of Payment (SOP)


• Amount in words should always match with Amount in figures


• Signature of the account holder must always be present


• 11-digit Contract Information Number (CIN)must be written at the back of the check


• The back portion of the check should have the PCHC required dorsal format


• No alterations or erasures on the check even if countersigned


• Amount in words should be indicated if a check writer is used


• Check and date format should be in accordance with the Philippine Clearing House Corporation (PCHC) approved standard format. (MM-DD-YYYY)

*The CIN is indicated in your Thank You Letter, Statement of Account, Schedule of Payment, etc.*

IMPORTANT NOTE: If the issued PDCs are under the name of another individual, Sole Proprietor, or Corporation, the following documents are required:

• Photocopy of Buyer’s government-issued ID with signature


• Kindly provide the following if the checks are issued by:




• Corporation – Original copy of Notarized Secretary’s Certificate authorizing use of checks


• Sole Proprietor – Original copy of Department of Trade and Industry (DTI) Registration Certificate showing Buyer as the Owner/Sole Proprietor


• Another Individual – Original copy of Authorization Letter authorizing use of his/her checks



Photocopy of Account Holder’s government-issued ID with signature

Submission of a fully accomplished Bank Information Form (BIF) for the designated bank account where SMDC will credit the rebate..