Every month, one of the regular activities among overseas Filipinos is a trip to their preferred remittance center to send financial assistance to their family. And while those can easily be tracked through pen-and-paper budgeting, the Bank of the Philippine Islands (BPI) has offered a bank account called ‘BPI Pamana Padala’ dedicated to OFWs which will help them manage their finances better.
Randall Asejo, Relationship Manager and Marketing Expat at Bank of the Philippine Islands, said that BPI has created the BPI Pamana Padala account that caters specifically for OFWs who want to both manage their finances in the Philippines and streamline their family’s spending habits at the same time, with a lot of benefits in tow.
“This is an account exclusive sa mga OFWs. Zero maintaining balance ito. Upon opening meron po kayong 90-days insurance coverage and may libreng life insurance na nakadepende po sa amount na hinulog ninyo for the past 12 months,” explained Asejo during his keynote speech titled “Buhay Asenso sa Bawat Padala” at the recently-held Philippine Property and Investment Exhibition.
“We highly recommend or suggest na kung magpapadala kayo sa papunta sa inyong BPI account, doon po kayo sa aming mga remittance partners,” he added.
OFWs based in the UAE can easily visit BPI’s representative office in Dubai at Shop no. 1, Al Diyafah Bldg, same side with Carrefour opposite Hana Center – Al Mankhool Rd – Dubai to create an account, inquire about home loans as well as other services.
Requirements include:
– Original valid ID with photo and signature
– Proof of OFW Status
– Peso/US Dollar Deposit
– The applicant must be between 18-55 years old
The BPI Pamana Padala benefits for OFWs include a remittance continuation plan; a free 90-day personal accident insurance with up to Php100,000 coverage; and free life insurance provided the OFW sends four remittances per year. The life insurance has a coverage of up to Php 300,000.
For more info, visit: https://www.bpi.com.ph/pamanapadala
