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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Anticipating the class openings in the Philippines, Filipinos abroad sent home $2.31 billion, 5.5% higher year-on-year, keeping monthly remittances at least $2 billion for the 16th straight month. Cash remittances sent through banks last…
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Filipinos based overseas has sent a new record high $2.56 billion cash through banks in December amid improving global economy that sent the country's growth rate exceeding government's target. Bangko Sentral ng Pilipinas's released…
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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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The extended depreciation of the Philippine peso could translate to bigger balikbayan boxes sent by overseas Filipino workers to their families in the Philippines, according to a bank official Tuesday. In an interview on Balitanggali,…
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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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