How to Change Your PERA Administrator (Transferring Your PERA to DragonFi)

If you’re moving your PERA from your current Administrator (e.g., BDO, BPI, ATRAM) to DragonFi, follow the steps below. 

A quick reminder before you proceed

PERA Administrator transfers must be initiated by your current PERA Administrator. DragonFi is unable to start or request the transfer on your behalf. We can review and approve the transfer only after your existing Administrator submits the request through PERASys and remits your PERA assets. Processing timelines may therefore vary depending on your current PERA Administrator.

For status updates while the transfer is in progress, you may also coordinate directly with your current PERA Administrator.

The list of PERA investment options currently available on DragonFi are here: List of PERA Eligible Stocks in the Philippines (DragonFi PERA+ Guide) – Help Center | DragonFi

If your current PERA investments are not listed above, you are still eligible to transfer. Your current PERA Administrator will liquidate the necessary assets as part of the transfer process. Once your PERA is with DragonFi, you can choose where to reinvest on the DragonFi platform.

We’ll be adding more PERA-eligible funds and investment options soon.

1. Submit the PERA Notice of Withdrawal / Termination to Your Current Administrator

Your first step is to notify your current PERA Administrator of your intent to transfer.

• Submit the PERA Notice of Withdrawal/Termination form directly to your current Administrator’s branch of account.

• Fill it out and sign it. See DragonFi Address details below for reference:

  • DragonFi Securities, Inc.
    U1&4, 10F One/NEO Bldg. 3rd Ave corner 26th Street,
    Bonifacio Global City (BGC), Taguig City, Philippines 1634

• Leave Mode of Payment blank — the proceeds will go to the DragonFi, not your personal bank account.

• Procedures, required forms, and submission methods may vary depending on the Administrator.

• You may ask your current PERA Administrator PIC to reach out to vianca.adornado@dragonfi.ph to facilitate coordination.

Next step (internal verification form):
Once your PERA Administrator has acknowledged the transfer and there is active communication with DragonFi, you may fill out the following form: PERA Transfer Verification Form

This form is for DragonFi’s internal verification only and is used to confirm the legitimacy of all incoming transfer requests.

Do not submit the form before your Administrator has acknowledged the transfer, as it is intended only after the process has been formally initiated.

2. Letter of Intent (LOI) between Administrators

After you inform DragonFi of your intent to transfer your PERA:

• A Letter of Intent (LOI) will be exchanged between your current PERA Administrator and DragonFi.

• The purpose of the LOI is to confirm that DragonFi accepts you as a Successor PERA Client and that the transfer is properly coordinated.

• The preparation and routing of the LOI may vary depending on your current Administrator:

  • Some Administrators require you (client) to issue the LOI, while

  • Others (e.g., ATRAM) prepare the LOI themselves and send it to DragonFi for confirmation and signature.

This step ensures the transfer is recognized as a valid Administrator-to-Administrator transfer and avoids unnecessary penalties.

Once your current Administrator receives both:

• your Notice of Withdrawal/Termination, and

• the acknowledged LOI,

they are required to act within a specific timeframe:

• They must transfer all PERA assets to DragonFi within 15 calendar days from receipt of the complete transfer request.

• Failure to complete the transfer within this period may make the former Administrator personally liable for any early withdrawal penalties imposed by the BIR.

• When done properly and in compliance with regulations, a PERA Administrator transfer is not considered an early withdrawal.

   

3. Submit the PERA Quitclaim to Your Current Administrator

You will also need to submit the PERA Quitclaim to your current Administrator.

• This is typically submitted after they issue the Final Accounting.

• If you prefer, you may submit the Quitclaim together with your Notice of Withdrawal/Termination; they will accept it upon receipt.

• The Quitclaim authorizes them to release your PERA proceeds to DragonFi once all requirements are cleared.

   

4. Wait for Final Accounting and Transfer of Proceeds

Your current Administrator will:

• Liquidate the necessary assets in your PERA account to facilitate the transfer to DragonFi.

• Prepare a Final Accounting of your PERA, and

• Release the PERA proceeds to DragonFi

This step takes place only after they receive all required documents, including the Notice of Withdrawal/Termination, LOI, and (if applicable) Quitclaim.

5. PERAsys submission and DragonFi approval

Once your PERA Administrator has acknowledged your transfer request and is actively coordinating with DragonFi, they must submit the transfer request via PERAsys.

Upon receipt of the PERAsys transfer request, DragonFi will first review and approve the transfer on our end.

Your PERA Administrator must also submit the following requirements to DragonFi:

• Client Contribution History template (to be completed using the provided file here)
• Proof of transaction for the remitted PERA assets, for validation and proper crediting to your PERA account

Crediting of assets will only proceed once these documents are received and validated. 

6. DragonFi completes your PERA transfer

Once DragonFi has received the proceeds and completed the necessary accounting and validation, we will finalize the transfer under DragonFi administration and credit the assets to your PERA account.

We will notify you once the transfer has been fully completed.

Please note that the overall timeline may vary depending on your previous PERA Administrator’s processing speed and compliance with requirements, including the standard 15-business-day transfer period.

Create your DragonFi PERA account

After your transfer is approved in PERASys, you may proceed to create your PERA account on DragonFi.
If you have remaining assets with your previous administrator, provide your PR account code and we will credit the remaining balance to your DragonFi PERA account once it is created.