BDO Kabayan Savings Account is a fixed interest-bearing peso savings account that’s ideal for OFWs abroad and their beneficiaries in the Philippines.
BDO Kabayan Savings Account comes with various features and benefits to ensure smooth and fast transactions.
5 Reasons why you should remit to BDO Kabayan Savings Account
- Your remittance will be received FAST
OFWs abroad work really hard to earn money to send to support their family. When pay day comes, the first thing that most OFWs do is to remit a portion of what they earned to their loved ones back home.
When remitting, they want to make sure of sure of course that their remittance is received by their beneficiaries as fast as possible. And this is one of the reasons OFWs prefer BDO Kabayan Savings.
- Your beneficiary can withdraw anytime from over 17,000 ATMs nationwide, 24/7
BDO is one of the biggest and most trusted banks in the country. With over 17,000 ATMs available nationwide, beneficiaries can easily withdraw the remittance that their OFW loved ones sent from abroad.
Click here to find the nearest BDO branch in your area.
- Your ATM BDO Kabayan Savings Account ATM is safe to use
Since BDO Kabayan Savings account comes with an ATM, you don’t need to carry huge amount of cash when shopping or making purchases in various establishments. Just bring your ATM and withdraw the funds you need.
Also, to be safe, make sure to withdraw in ATM with a security guard, preferably inside a mall or the bank. Avoid going to an ATM machine that’s dark or with very few or no people around. Try to be vigilant at all times.
- You can easily monitor remittances and savings
BDO Kabayan Savings account comes with a Passbook, which makes it easier for you to monitor your remittances and savings.
You also have the option to enroll it in BDO online banking for even easier and more convenient way of monitoring your transactions. Click here to read The Ultimate Guide to BDO Online Banking.
- You may qualify for free life and accident insurance
Having a life and accident insurance gives “peace of mind” in case something happens to the insured, especially if you are the breadwinner in the family.
Sadly, not everyone believes in getting or having a life insurance due to personal reasons apart from the fact that they have to spare a portion of their hard-earned money to pay the premiums.
But here’s the good thing with BDO Kabayan Savings Account. You can actually qualify for FREE life and accident insurance. How? Read on…
How to Qualify for FREE Life and Accident Insurance:
- You should have a minimum of 6 remittances to the account in the last 12 months and;
- You should have a monthly balance of PHP 25,000 in the last 12 months.
- You should register and apply for the Free Insurance by clicking the link below:
KABAYAN SAVINGS FREE LIFE AND ACCIDENT INSURANCE
- You may also qualify for BDO Rewards.
You earn 1 point for every PHP 5,000 remittance. You can use the points that you accumulated to buy groceries, school supplies, etc.
- You can enjoy the ZERO maintaining balance of BDO Savings Account
If you remit at least once a year to your BDO Kabayan Savings account, you can take advantage of the zero maintaining balance feature of the account.
Your BDO Kabayan Savings Account will be converted to a regular account with a maintaining balance of PHP10,000 if there’s no remittance within a period of one year.
How to Open a BDO Kabayan Savings Account?
With all the features, benefits, and advantages discussed above, are you now thinking of opening your own BDO Kabayan Savings Account? Sure, why not?
You can inquire or apply for a BDO Kabayan Savings in all BDO branches in the Philippines.
Wherever you are in the Philippines, you can easily open a BDO Kabayan Savings account by going to any BDO branch. That’s how easy and convenient it is to transact with BDO.
Click here for instructions on how to open a BDO Kabayan Savings account.
How to Remit from the United States to BDO Kabayan Savings?
If you are in America and you want to remit or send money to your family or friends in the Philippines or even to your own BDO Kabayan Savings account, all you have to do is to visit RIA agent locations or remit online via www.riamoneytransfer.com.
Click here for more info about RIA Money Transfer.
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