Kwentong OFW

Menu
  • HOME
  • STORIES
  • OFW NEWS
  • WORLD NEWS
  • PHILIPPINES NEWS
  • JOBS
  • TIPS

KwentongOFW - The Place Where OFWs United.

Follow us on Facebook

By Request : How to Open BDO Kabayan Savings Steps And Requirements

Spread the love
12.7K    
12.7K
Shares

OFWs can now enjoy a hassle-free transaction in sending money to families, relatives, and friends in the Philippines through BDO’s (Banco de Oro)  Kabayan Savings Account.

Exploring the world of online banking, you can enroll your Kabayan Savings Account to make transactions easier and faster.  Transferring of funds, sending of money or even loading of mobile phones or of loved-one’s mobile number is as easy as simple clicks on your mobile phones, laptops or computers.  All it takes is an internet connection to be on guard with one’s account.

The account can also be accessed through phone banking by having it enrolled simultaneously with online banking.

The programs are user-friendly and the bank’s customer service assistants are ready to give a hand for all the bank account holder’s inquiries.

By maintaining this account, an OFW can build a credit history with the bank, making it possible and easier for one to be able to apply for a car, home, or business loan in the Philippines.

Here are the requirements to open a “Kabayan Savings Account” set by BDO based from their online site:

BDO Kabayan Savings Account is the start of a lasting relationship between BDO Remit and Filipinos migrants and families.  Overseas Filipinos and their beneficiaries may open a BDO Kabayan Savings Account at any BDO Unibank branch in the Philippines.

  •  Only PHP100 (for PHP account) or US$100  (for USD account) initial deposit
  •  One (1) valid ID
  •  1X1 photo
  •  With passbook and ATM debit card
  •  Zero maintaining balance with at least one (1) remittance each year*
  •  Remitters may qualify for free life and accident insurance.
  •  Earn BDO Rewards points too from your savings and remittances.
  • Seafarers employed by POEA-accredited shipping companies may open a BDO Kabayan Shipping Dollar Account where they can directly credit their allotment. Only $10 initial deposit, one (1) valid ID with picture, one (1) 1×1 ID picture and a valid seaman’s book are needed to open an account.

*Remit at least once a year to keep the zero maintaining balance feature of the account.
If there’s no remittance within a period of one (1) year, your BDO Kabayan Savings Account will be converted to a regular account with a maintaining balance of PHP10,000.

Your BDO Kabayan Savings Account is your key to a better future as you start your life aboard.

Just go to the nearest BDO branch in your location and fill-up an account information sheet to open your account.  An application will be processed immediately and your atm or passbook will be available within 3-5 days.  Keep your deposit slips for reference.

OFWs should realize the value of saving since the main purpose of working abroad is to be able to provide financial stability to their families and loved-ones.

By opening a bank account, it does not only secure the hard-earned money of the OFWs, but it also helps to create a good impression on the account holder as it opens doors to more opportunities like loans and other investments to help each Filipino ‘kababayans’  achieve a better future.

For more information, you may log on to BDO’s official website: www.bdo.com.ph.


Spread the love
12.7K    
12.7K
Shares
 
12.7K
Shares
12.7K     
Share
Tweet
Google+
Prev Article
Next Article

Related Articles

Spread the love     A Filipino domestic helper lost her life to …

Filipina Die In Hong Kong After Suffering From A Heart Disease

Spread the love     No more queuing at the Philippine Overseas Labor …

OEC To Be Digitalize On October-DMW

Spread the love     The Philippine Overseas Employment Administration (POEA) is launching …

POEA opens more employment opportunities abroad

Spread the love     Philippine government employees are usually put on a …

LOOK : Pasig government officer caught allegedly slacking off

Spread the love     “Land of the coronavirus” – this is how …

“Land of COVID-19” – Thai Newspaper Pokes Fun of the Rising Number of COVID-19 Cases in the Philippines

Spread the love112    112SharesIf you think that free tickets are impossible …

Airline Offers Free Tickets As Long As You Qualify With These Things

Tags:Banco De Oro BDO Kabayan Savings Kabayan Savings BDO OFW Savings Savings

Share Your Comments

Comments

3 Comments

  1. Rostome Dahilan

    Bakit Yung balik bayan savings account ko withdraw ko lahat pera ko sa cagayan de oro BDO brand after 2 weeks lang mg deposit sana ako nang 20 thausand kasi babalik na ako sa abroad bigla nilang close account parang insulto ang Ginawa nila sa akin.hanggang ngayun hindi ako mkapaghulog sa account ko close na

    August 10, 2017
  2. Zel

    Is it true na may kinakaltas monthly na service charge dw??worth 300 pesos

    August 21, 2017
  3. Girlie Alfad

    Pwedi PA po bang kumuha ulit ng saving account kasi meron na po ako kaya lng na dala ko dito sa abroad gusto ko sana kumuha ulit para sa mga anak ko sa pinas

    November 16, 2021

Leave a Reply

Cancel reply

Follow @Kwentong_OFW
DMCA.com Protection Status

Kwentong OFW

IMPORTANT LINKS

  • SUBMIT YOUR STORY
  • ABOUT US
  • PRIVACY POLICY
  • DISCLAIMER
  • CONTACT US

CATEGORIES

  • balitang OFW (1,500)
  • Exchange Rate (57)
  • kwentong OFW (1,410)
  • OFW JOBS (96)
  • OFW TIPS (264)
  • PINAS NEWS (304)
  • tulang OFW (21)
  • WORLD NEWS (331)

Most Popular -Day

  • The Story of Russel Tuazon, The OFW Who Won P200 Million at Dubai Lottery
  • Filipina in Hong Kong Sent To Hospital After a Fistfight
  • OFW Lounge To Be Set Up in NAIA Terminal 3
  • DMW Expresses Objection Against The Deployment Ban Suggested By Sen. Estrada

Most Popular – Week

  • DMW Pushes The Launching of Digital App For OECs To Oct. 27
  • The Story of Russel Tuazon, The OFW Who Won P200 Million at Dubai Lottery
  • ISSUANCE NG OFW EMPLOYMENT CERTIFICATE, PAPERLESS NA SIMULA OCT. 15
  • OWWA Encourages OFW Families To Take Advantage of the P1-Million Business Grant

Most Popular – Month

  • How To Apply With OWWA Balik Pinas! Balik Hanapbuhay! Program
  • How To Apply on OWWA Rebate Program
  • President Marcos Inaalam Ang Bilang Ng Mga OFW na Gustong Umuwi Sa Pilipinas
  • How To Avail OWWA Tulong Pangkabuhayan sa Pag-unlad ng Samahang OFWs (Tulong-PUSO)
Copyright © 2023 Kwentong OFW
All Rights Reserved KwentongOFW