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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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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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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In order to survive in other countries at the same time be able to provide for your family in the Philippines, OFWs must learn the virtue of thriftiness. Fund management and finances will always depend on the lifestyle of a person. This way…
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There are too many questions about tax nowadays and too few people who answer them satisfactorily. Given that ignorance of the law is no excuse, people are oftentimes skeptical of what is taxable and what is not, as well as those that are…
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This is a sequel to the first article that appeared on this website. We appreciate the positive feedback and hope that you will find this sequel just as informative .  Millionaire. The word brings to our mind images of grand mansions,…
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Western Union is a financial service company founded in Colorado, United States in 1851. Its major services include money transfer and money orders. The company's revenues have been impressive. According to a financial report, Western Union…
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