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Wednesday, May 23, 2018

BPI's Remittance Solution For OFW and Their Families: Pamana Padala and Pamana Moneyger


To have a trusted remittance center or money courier is very important for Overseas Filipino Workers (OFWs). With this, they can be so sure that their hard-earned money or remittances will go to their families back home.

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To have a trusted remittance center or money courier is very important for Overseas Filipino Workers (OFWs). With this, they can be so sure that their hard-earned money or remittances will go to their families back home. As an innovation, the Bank of the Philippine Island (BPI) is now offering two new types of remittance solution created to address the special needs of OFWs and their families in the country — the BPI Pamana Palada and the BPI Padala Moneyger. BPI Pamana Padala Under BPI Pamana Padala, OFWs can now send money to their BPI Pamana Padala account. From that account, they can electronically transfer the funds directly to the BPI accounts of their family member. BPI Pamana Padala comes with a unique feature, the Remittance Continuation Plan which provides the free 90-day Personal Accident Insurance of P100,000 and life insurance coverage of up to P300,000. Through BPI Pamana Padala’s Free Remittance Continuation benefit, OFW will get a free life insurance coverage of up P300,000. He will be entitled to this as soon as there are four remittances to the Pamana Padala account within a 12-month period. BPI Padala Moneyger This one is designed especially to those who received remittances from abroad! Or in short, the family here in the Philippines. With BPI Padala Moneyger, the beneficiaries are now the ‘managers’ of the remittance sent. With this product, beneficiaries have a safe, secure, and efficient way of receiving the remittance. The account holder can use BPI’s electronic banking services such as 24/7 online banking and ATMs to access the funds. BPI Padala Moneyger has no maintaining balance as long as there are four remittances made to the account in a year. To sum up, the BPI Pamana Padala is for OFWs while BPI Padala Moneyger is for OFW's family back home!
As an innovation, the Bank of the Philippine Island (BPI) is now offering two new types of remittance solution created to address the special needs of OFWs and their families in the country — the BPI Pamana Palada and the BPI Padala Moneyger.


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BPI Pamana Padala



Under BPI Pamana Padala, OFWs can now send money to their BPI Pamana Padala account. From that account, they can electronically transfer the funds directly to the BPI accounts of their family member.



BPI Pamana Padala comes with a unique feature, the Remittance Continuation Plan which provides the free 90-day Personal Accident Insurance of P100,000 and life insurance coverage of up to P300,000. Through BPI Pamana Padala’s Free Remittance Continuation benefit, OFW will get a free life insurance coverage of up P300,000. He will be entitled to this as soon as there are four remittances to the Pamana Padala account within a 12-month period.


To have a trusted remittance center or money courier is very important for Overseas Filipino Workers (OFWs). With this, they can be so sure that their hard-earned money or remittances will go to their families back home. As an innovation, the Bank of the Philippine Island (BPI) is now offering two new types of remittance solution created to address the special needs of OFWs and their families in the country — the BPI Pamana Palada and the BPI Padala Moneyger. BPI Pamana Padala Under BPI Pamana Padala, OFWs can now send money to their BPI Pamana Padala account. From that account, they can electronically transfer the funds directly to the BPI accounts of their family member. BPI Pamana Padala comes with a unique feature, the Remittance Continuation Plan which provides the free 90-day Personal Accident Insurance of P100,000 and life insurance coverage of up to P300,000. Through BPI Pamana Padala’s Free Remittance Continuation benefit, OFW will get a free life insurance coverage of up P300,000. He will be entitled to this as soon as there are four remittances to the Pamana Padala account within a 12-month period. BPI Padala Moneyger This one is designed especially to those who received remittances from abroad! Or in short, the family here in the Philippines. With BPI Padala Moneyger, the beneficiaries are now the ‘managers’ of the remittance sent. With this product, beneficiaries have a safe, secure, and efficient way of receiving the remittance. The account holder can use BPI’s electronic banking services such as 24/7 online banking and ATMs to access the funds. BPI Padala Moneyger has no maintaining balance as long as there are four remittances made to the account in a year. To sum up, the BPI Pamana Padala is for OFWs while BPI Padala Moneyger is for OFW's family back home!

To have a trusted remittance center or money courier is very important for Overseas Filipino Workers (OFWs). With this, they can be so sure that their hard-earned money or remittances will go to their families back home. As an innovation, the Bank of the Philippine Island (BPI) is now offering two new types of remittance solution created to address the special needs of OFWs and their families in the country — the BPI Pamana Palada and the BPI Padala Moneyger. BPI Pamana Padala Under BPI Pamana Padala, OFWs can now send money to their BPI Pamana Padala account. From that account, they can electronically transfer the funds directly to the BPI accounts of their family member. BPI Pamana Padala comes with a unique feature, the Remittance Continuation Plan which provides the free 90-day Personal Accident Insurance of P100,000 and life insurance coverage of up to P300,000. Through BPI Pamana Padala’s Free Remittance Continuation benefit, OFW will get a free life insurance coverage of up P300,000. He will be entitled to this as soon as there are four remittances to the Pamana Padala account within a 12-month period. BPI Padala Moneyger This one is designed especially to those who received remittances from abroad! Or in short, the family here in the Philippines. With BPI Padala Moneyger, the beneficiaries are now the ‘managers’ of the remittance sent. With this product, beneficiaries have a safe, secure, and efficient way of receiving the remittance. The account holder can use BPI’s electronic banking services such as 24/7 online banking and ATMs to access the funds. BPI Padala Moneyger has no maintaining balance as long as there are four remittances made to the account in a year. To sum up, the BPI Pamana Padala is for OFWs while BPI Padala Moneyger is for OFW's family back home!

To have a trusted remittance center or money courier is very important for Overseas Filipino Workers (OFWs). With this, they can be so sure that their hard-earned money or remittances will go to their families back home. As an innovation, the Bank of the Philippine Island (BPI) is now offering two new types of remittance solution created to address the special needs of OFWs and their families in the country — the BPI Pamana Palada and the BPI Padala Moneyger. BPI Pamana Padala Under BPI Pamana Padala, OFWs can now send money to their BPI Pamana Padala account. From that account, they can electronically transfer the funds directly to the BPI accounts of their family member. BPI Pamana Padala comes with a unique feature, the Remittance Continuation Plan which provides the free 90-day Personal Accident Insurance of P100,000 and life insurance coverage of up to P300,000. Through BPI Pamana Padala’s Free Remittance Continuation benefit, OFW will get a free life insurance coverage of up P300,000. He will be entitled to this as soon as there are four remittances to the Pamana Padala account within a 12-month period. BPI Padala Moneyger This one is designed especially to those who received remittances from abroad! Or in short, the family here in the Philippines. With BPI Padala Moneyger, the beneficiaries are now the ‘managers’ of the remittance sent. With this product, beneficiaries have a safe, secure, and efficient way of receiving the remittance. The account holder can use BPI’s electronic banking services such as 24/7 online banking and ATMs to access the funds. BPI Padala Moneyger has no maintaining balance as long as there are four remittances made to the account in a year. To sum up, the BPI Pamana Padala is for OFWs while BPI Padala Moneyger is for OFW's family back home!

How to apply for BPI Pamana Account?



Step 1. Please bring the following account opening requirements:
  • One (1) original, valid ID with photo and signature
  • Proof that you are an Overseas Filipino Worker
  • work contract
  • work visa / work permit
  • overseas employment certificate (from POEA)
  • OWWA ID
  • Seaman's book
  • CFO Certificate
  • PDOS Certificate
  • local residence id
Initial deposit of only Php 500 or USD 500. Click here for the complete deposit balance requirements and rates.

Step 2. You will be asked to fill out the following bank forms:
  • Standard Account Opening forms
  • BPI Pamana Padala Enrollment for Group Life Insurance Coverage, to indicate:
  • Name of Insured. This is also the name of the account holder. For joint "OR" accounts, only the primary account holder shall be designated as the Insured Individual, provided that the designated Insured Individual is an eligible individual.
  • Name of Beneficiary/ies. It is recommended to nominate beneficiary/ies with blood relation to the Insured (ie spouse, children, parents or brothers, and sisters) or the estate administrator of the latter. Otherwise, the nominated beneficiary/ies will be subject to evaluation/approval based on the insurable interest as defined by the insurance company.
Step 3. A Proof of Cover for the Free 90-day Personal Accident Insurance will be given to you after you have opened the account.

For your Free Life Insurance coverage, this will take effect on the date of the fourth Foreign Inward Remittance made within a 12-month period. Your Proof of Cover for the Life Insurance will be sent to you at your nominated email address.

Step 4. The Debit card of your Pamana Padala account will be available at the branch of account opening after 3 banking days.


BPI Padala Moneyger



This one is designed especially to those who received remittances from abroad! Or in short, the family here in the Philippines.



With BPI Padala Moneyger, the beneficiaries are now the ‘managers’ of the remittance sent. With this product, beneficiaries have a safe, secure, and efficient way of receiving the remittance. The account holder can use BPI’s electronic banking services such as 24/7 online banking and ATMs to access the funds. BPI Padala Moneyger has no maintaining balance as long as there are four remittances made to the account in a year. 





How to open an BPI Padala Moneyger?



1. Please bring the following account opening requirements:

  • One (1) original, valid ID with photo and signature
  • Proof of remittance, such as any of the following
  • Copy of previous remittance transaction receipt (may be from pawnshops, remittance centers, etc.)
  • Copy of remitter’s work contract, work visa/work permit, overseas employment certificate from POEA, OWWA ID, ODOS certificate, etc.
  • Copy of statement of bank account showing remittance credit
  • Referral letter from BPI Overseas Customer Segment
  • This document may be presented upon claiming of debit card.

2. You will be asked to fill out the Standard Account Opening forms.

3. The Debit card of your Padala Moneyger account will be available at the branch of account opening after 3 banking days.
To have a trusted remittance center or money courier is very important for Overseas Filipino Workers (OFWs). With this, they can be so sure that their hard-earned money or remittances will go to their families back home. As an innovation, the Bank of the Philippine Island (BPI) is now offering two new types of remittance solution created to address the special needs of OFWs and their families in the country — the BPI Pamana Palada and the BPI Padala Moneyger. BPI Pamana Padala Under BPI Pamana Padala, OFWs can now send money to their BPI Pamana Padala account. From that account, they can electronically transfer the funds directly to the BPI accounts of their family member. BPI Pamana Padala comes with a unique feature, the Remittance Continuation Plan which provides the free 90-day Personal Accident Insurance of P100,000 and life insurance coverage of up to P300,000. Through BPI Pamana Padala’s Free Remittance Continuation benefit, OFW will get a free life insurance coverage of up P300,000. He will be entitled to this as soon as there are four remittances to the Pamana Padala account within a 12-month period. BPI Padala Moneyger This one is designed especially to those who received remittances from abroad! Or in short, the family here in the Philippines. With BPI Padala Moneyger, the beneficiaries are now the ‘managers’ of the remittance sent. With this product, beneficiaries have a safe, secure, and efficient way of receiving the remittance. The account holder can use BPI’s electronic banking services such as 24/7 online banking and ATMs to access the funds. BPI Padala Moneyger has no maintaining balance as long as there are four remittances made to the account in a year. To sum up, the BPI Pamana Padala is for OFWs while BPI Padala Moneyger is for OFW's family back home!
To sum up, the BPI Pamana Padala is for OFWs while BPI Padala Moneyger is for OFW's family back home!

 SEE MORE:

Overseas Filipino Workers (OFWs) need to save while earning big from working abroad. As OFWs, saving money for an emergency, for our family's future or for our retirement is important. Opening a savings account in a bank that you trust and gives value to your money will inspire you to save more. Bayani OFW Savings from Sterling Bank of Asia is a savings account that comes with no maintaining balance and for as low as P2,000 pesos in your account, your money with grow with interest.

For minimum wage earners, there are times that it is hard to apply for a loan even in government financial institution, how much more in private. If you are receiving around P10,000 a month salary, it is really hard to apply for a loan, since your payslip is number one requirements to know your capacity to pay.

One of the best banks in the Philippines that offers a good option to Overseas Filipino Workers (OFW) is the Chinabank through its Overseas Kabayan Savings. By opening this savings account, you can start saving money for your future or retirement as OFW at the same time, send money to your family in the Philippines. Having a savings account for OFWs is very important because working abroad is not permanent.

If you want a savings account that does not require an initial deposit, you can apply for Sikap Pinoy OFW Account in Bank of Commerce. However, the Sikap Pinoy OFW Account is exclusively for Overseas Filipino Workers (OFW) only and their beneficiaries.

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