BAGUIO CITY – It is not unusual to hear stories of Overseas Filipino Workers (OFWs) who find themselves with little or no savings when their employment contract comes to an end. Amidst all their sacrifices, how can OFWs make sure the money they’re earning abroad stays safe for their future?
Put your mind at ease with a good remittance plan
If you are leaving the Philippines soon to work overseas, here’s how you can put your mind at ease and help make your savings and remittances a breeze.
Before leaving the Philippines, choose a bank that is stable and has established a name for itself in the remittance industry. Open a savings account where you can remit a portion of your earnings once you are abroad.
BDO Unibank has been the Bangko Sentral ng Pilipinas’ Top Commercial Bank in Generating Overseas Filipino Remittances in 2008, 2009, 2010 and 2013. The bank has remittance offices and accredited partners across Asia, the Middle East, North America and Europe, so you can enjoy the convenience of easy access in a location near you from where you can send money back home to the Philippines.
Securing your future through savings
BDO Unibank offers a savings account, the BDO Kabayan Savings Account which has special features that are tailor-made to address the major concerns of OFWs and their beneficiaries: It’s easy to open and affordable to maintain – all you need is an initial deposit of P100, one valid ID and one 1×1 photo. The account comes with a passbook and an ATM debit card, allowing for easy access to funds; You can save from your remittances – you can withdraw just enough for your needs and leave the rest in the account for your savings; No minimum balance requirement – you don’t have to worry if you have a tight budget. You can maintain your account at zero balance as long as the account receives at least one remittance transaction per year; Fun feature – upon opening your account, you will receive a free Global Pinoy card, which is a privilege card that gives clients access to 40 SM Global Pinoy centers nationwide; Rewards feature – you will receive BDO Rewards card that will earn you points from remittances, deposits or savings after you’ve maintained at least P50,000 in your account. These points can be used as cash to pay for goods at SM and partner establishments and Welfare benefits – BDO Unibank has also launched another value-added feature to help OFWs secure the future of their families: free life and accident insurance. Send money through the Kabayan Savings Account and you can qualify for free life and accident insurance.
BDO Unibank offers peace of mind to Filipinos working overseas, from the start of your life abroad right up to helping you ensure that the future of your family is protected.
With a strong and growing network of almost 900 branches in the Philippines, plus thousands of combined subsidiary and remittance partner locations worldwide, BDO Unibank aims to give you the best possible assistance as you strive to secure your family’s future.
By Dexter A. See
