Regulatory Alerts2024-08-09
Acceptance of all formats of the National ID, including the Digital National ID, and Use of the National ID Authentication Services
The Office of the Deputy Governor I Financial Supervision Sector of the Bangko Sentral ng Pilipinas mandates all BSP-supervised financial institutions to accept all formats of the National ID, including the Digital National ID, as valid primary proof of identity. These institutions are required to utilize the National ID Check service to verify the authenticity of presented IDs and must update their internal lists to include the Digital National ID among acceptable documents. Additionally, financial institutions are encouraged to integrate with the National ID System by applying for the National ID Authentication Services to ensure higher assurance in verification processes.
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