News on BDO Remittance

• MM-DD-YY BDO'S PROMO FOR REMITTANCE CLIENTS

  BANCO De Oro Unibank, Inc. (BDO) has launched a new promo that will give clients opening new BDO Kabayan Savings account the chance to win huge prizes.

  With "Easy Asenso, Instant Panalo..Hatid ng BDO sa Pamilyang OFW", customers availing of the Bank's special remittance account for overseas workers and their beneficiaries, will earn the chance to win P10,000 worth of grocery items; P40,000 worth of Home Appliance Shopping; and a brand new Nissan Sentra 1.3 GX M/T.

  The promo period will run from November 3 to October 31, 2010. All account openings made during the said period are automatically enrolled in the electronic raffle.

  For the grocery and home appliance shopping sprees, a total of eight winners will be drawn in February, March, August and November 2010, while one lucky account holder will be drawn on November 14, 2010 and take home the Nissan Sentra. All raffle draws will be held at the BDO Remit Building in Sen. Gil Puyat cor. Paseo de Roxas, Makati City.

  Opening a BDO Kabayan Savings Account only requires a minimum initial deposit of P50 and a valid ID. Clients can go to any of BDO's nearly 700 branches nationwide. A peso account comes with an International ATM card and a passbook for quick reference to their transactions. The dollar account, meanwhile, only requires a minimum initial deposit of US$100 which also comes with a passbook. For seafarers, they may also open their own BDO Kabayan Shipping Dollar Savings Account with a minimum initial deposit of US$ 10, which also comes with a passbook for easy reference.

  Having a BDO Kabayan Savings account will also encourage beneficiaries to save money since there's no need to withdraw the whole amount sent by their loved ones from abroad. BDO ATMs are also found in all SM malls, where they can buy their household needs and withdraw remittance under the same roof. BDO International ATM card can also be used as a debit card in SM Department Stores and all establishments with Express Payment System (EPS) terminals. Again, no need to carry huge cash since purchases are settled with just one swipe.

  Filipinos based abroad may visit any BDO Remit office in Hong Kong, Macau, United States, Italy and Germany, where they can send remittances to BDO Kabayan Savings accounts. BDO has a wide remittance network abroad as it also has thousands of remittance partners and agent locations in Asia and Oceania, Australia, Middle East, North America and Europe that offer BDO Remit services. BDO also offers a unique and easy way to check the status of remittance from the time it is sent, to the time it is delivered. For customers who have access to the internet, just visit www.bdo.com.ph and click BDO Remit Inquiry.

• MM-DD-YY BDO Waives Remittance Fee for Flood Donations

  BDO UNIBANK Inc., the country's top remittance bank, has waived its remittance service fees on donations sent to institutions participating in relief efforts for victims of Typhoon Ondoy.

  The bank, through its remittance offices in Hong Kong, Macau, USA, Italy and Germany, said there are no service fees charged on cash donations sent to BDO Foundation and ABS-CBN Foundation Inc.'s Sagip-Kapamilya.

  A number of remittance partners of BDO all over the world have also given their commitment on this effort. In Asia, for instance, those participating are BTI Pesos Express in Singapore, Afima Express in Brunei, EEC International Phil Corp. in Taiwan and Forex World Australia PTY., LTD. In the US and Canada, BDO's remittance partners Chartered Forex, E-Pera Corp., Mercury Quick, New York Bay and Continental Exchange are also helping by waiving the remittance fees for the said institutions. The same goes for CBN Grupo, Global Express Money Remittance and Safe Transfer Ltd in Europe and BDO's remittance partners in the Middle East - Leela Megh Exchange, Al Ansari Exchange and Al Ghurair Exchange. BDO has also arranged with its global money transfer company partner Xoom Corporation to waive the service fee for all remittances credited to the Philippine Red Cross account.

  A day after Typhoon Ondoy hit Metro Manila and some parts of Luzon, the Bank started receiving queries from OFWs and Filipinos residing abroad on how they can send donations to those affected and make sure that their contribution will reach the recipients.

  With the cancellation of the remittance service fees, concerned Filipinos abroad will be encouraged to send monetary help to victims of the typhoon.

• MM-DD-YY BDO Remit Partners with Bank of New York Mellon

  A NEW YORK-based asset management and securities firm has tapped BDO Remit as payout agent for its low-value payment processing platform.

  BDO Remit will service the Bank of New York Mellon's Remit Worldwide, a product launched in February 2008 enabling client US retail banks to facilitate worldwide remittances.

  The strategic partnership would mean a secure, reliable, and convenient remittance service, especially for the Overseas Filipinos working and residing all over the world.

  Present during the signing of the memorandum of agreement were BNY Mellon EVP & Global Head of Sales and Relationship Management for Treasury Services David Cruikshank, BNY Mellon Managing Director & Head of Treasury Services for Asia Richard Brown, BNY Mellon VP & Chief Representative Teri Floro, BDO SVP & Head of Transaction Banking Group Ismael G. Estela, Jr., BDP VP & Unit Head of Financial Institution Peter C. Bautista Jr., BDO EVP & Head of Treasury Group Pedro Florescio III, BDO FVP & Head of Central Operations Group Trade Services Department Celia Sotto and BDO FVP & Head of Remittance International Operations Jonathan C. Diokno.

• MM-DD-YY BDO Remit supports MOVE Expo

  In an apparent move to continuously support aspiring immigrants and overseas Filipino workers, the country's leading remittance bank BDO Remit has joined the Immigrant Visa Center (IVC) in the first annual Migration, Overseas Opportunities and Via Employment (MOVE) Expo held on July 31-August 1, 2009. With SMX Convention Center as venue, the Expo gave Filipinos an opportunity to see several exhibitors from countries such as Canada, New Zealand, United Kingdom and United States. IVC, one of the leading Philippine-based immigrant advocacy firms, also invited several government and private agencies to assist the over 6,000 attendees in processing their applications. BDO representatives manned the BDO Remit booth and facilitated the inquiries and opening of BDO Kabayan Savings accounts. PHOTO CAPTION: People trooped to a BDO booth for their inquiries and concerns. BDO played an important part in the first annual Migration, Overseas Opportunities and Via Employment Expo held on July 31-August 1, 2009 at the SMX Convention Center.

   

• MM-DD-YY BDO Inks Remittance Partnership with Saudi Bank

  BDO recently signed a remittance service agreement with the National Commercial Bank (NCB) of Saudi Arabia in an effort to further boost its presence in the Middle East. NCB, known to be the first established bank in Saudi Arabia, has about 280 branches throughout the kingdom.

  For non-account holders, NCB remittance transactions may be claimed at any of BDO's more than 650 branches nationwide or at any SM Forex Counter in SM Department Stores, SM Hypermarket, Makro, SM Business Service Centers, and BDO's financial service and rural bank partners.

  BDO and NCB sign remittance deal at The Sign of Anvil, BDO Corporate Center, Makati City. From left are Geneva T. Gloria, VP & Head of BDO Remittance-Domestic Operations; Jonathan Diokno, VP & Head of BDO Remittance-International Operations; Ismael G. Estela, SVP & Head of BDO Transaction Banking Group; Omar Hashem, SVP & Head of NCB Remittance Business and On-line Banking; and Hatim Moussa, Head of NCB Remittance Department.