OFW Money Remittance Updates

To continue avail of zero maintaining balance feature of BDO,  the company has recently issued an advisory to all BDO Kabayan Savings account holders. Remit to your account at least once within a year. Failure to do so would convert the…
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When it comes to sending money during Valentines Day, Filipinos based in Germany take the lead in terms of sending the highest value of remittances, money transfer company WorldRemit said on Monday. According to WorldRemit's data,…
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Thousands of Filipino workers based overseas are expected to arrive in the Philippines to spend the holiday, a government estimate said. “Usually, we expect, dito sa Christmas season alone, 100,000 to 150,000 returning workers,” said…
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Land Bank of the Philippines will acquire Philippine Postal Savings Bank and realize the promise of Philippine President Rodrigo Duterte to establish an OFW bank. This was disclosed by Finance Secretary Carlos Dominguez. Postbank's…
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There are plenty of money remittance agents out there, some offer better rates, others take pride in convenience over their extensive branch locations. MoneyGram has both of such advantages that provide ease of use and value for money…
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Value of remittance from Filipino workers abroad has dropped in July as low global oil prices and economic slowdown has taken its toll. According to data from the Bangko Sentral ng Pilipinas September 15, overseas personal remittances…
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This may be a cliche to many Filipino overseas workers who regularly and often send money back home: we are unable to save money for our retirement, and the only things we saved are receipts from money remittance companies, but this is more…
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It is a well-established fact that Filipinos working abroad send money to families in the Philippines. In fact, in March 2016, they sent home a record-high $2.7 billion. However, in many cases, sending money to Filipinos has been a…
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Just when you think leaving Hong Kong detaches you from your responsibility of paying off your loans, think again. According to labor attaché Jalilo Dela Torre said lenders can still go after debtors who flee to the Philippines, a report…
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Families relying on money remittance from overseas Filipino workers must be prepared for the day money sent to them regularly would eventually stop coming, TV host and financial adviser Suze Orman said on Monday. Speaking at a talk…
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