BDO Kabayan Savings, BDO Remit Cash Card for OFWs

June 12, 2009 · Filed Under BDO, Career/Work, OFW 

BDO Kabayan Savings for OFWs

This is a special savings account for OFWs and their families in the Philippines.

You can open an account here in the Philippines, or abroad if you work near BDO correspondent banks.

  • Can be in pesos or U.S. dollars
  • Initial deposit of 100 pesos for a peso account or $100 for a dollar account.  (Update as of March 2010:  was changed to 50 pesos)
  • No maintaining balance as long as you make at least 6 remittances a year. (Update as of March 3, 2010:  was reduced to one remittance a year )
  • You will receive a passbook and an international ATM card.
  • Additional update for seafarers: You can open a BDO Kabayan Shipping dollar savings account with passbook for only US$10.

Check BDO correspondent banks here.
BDO Remit Cash Card for OFWs

This card is similar to the regular BDO Cash Card,
but you can get this card abroad — in BDO accredited remittance
services.

This also has a higher load balance and deposit limit. While the
regular BDO Cash Card is limited to 10,000 pesos, BDO Remit Cash Card can be loaded with up to 100,000 pesos.

You can remit directly to this BDO Remit Cash Card account.

Your beneficiary can also check the status of your remittance
online at
https://www.bdocashcard.com/rts/remitinquire.asp

Tags: , , , , , , , ,

Comments

6 Responses to “BDO Kabayan Savings, BDO Remit Cash Card for OFWs”

  1. anncelle sabalones on February 9th, 2010 7:02 pm

    dear maam/ sir,

    Good day,i am anncelle sabalones,i have a kabayan savings account type my local branch is at Kalaw ave..my current agency told me they have problems in remitting checks in my account.they say that i have to show 2 valid id’s in order to deposit the checks.i am currently on board and it is my account since 2004,i am under magsaysay maritime corp. The Costa Crociere before,i dont have any problems encountered like my kabayan account cannot accept even cash deposits.so,i am just asking what will i do to solve this problem.

  2. Nors on February 10th, 2010 8:22 am

    Since you’re abroad, Anncelle, I called BDO especially for you. The BDO rep named Dolly said, after talking with her supervisors, that your agency can deposit their checks using their own IDs (2 valid IDs — ID nila) o yong 2 valid IDs ng reps ng agency ng magdedeposit. She further explained that some Kabayan accounts are for cash deposits only — restrictions made when the accounts were opened.
    By the way, you can ask your agency to deposit in cash for your sake, di ba? Pababayaan ka kaya diyan na wala kang makuhang pera? O yong pamilya mo? Tsaka, for most other checks, kelangan lang ng ID pag i-encash, bakit nila kelangan ng ID pag i-deposit? In my case, somebody in another place in the Phil. is depositing a check in my BDO savings account every month as my pay for my freelance gig, wala namang ID na required. Take care.
    Follow-up: Anncelle, Dolly of BDO called me to correct yong previous sagot nia na pede yong IDs ng agency mo. Puede lang daw yon kung nakapag-present ka ng 2 valid IDs when you opened your account. When you presented daw only 1 ID when you opened your account, hindi raw puedeng magdeposit yong agency mo — tama sila — kelangan pa rin daw i-present IDs mo. The solution na lang talaga is to ask your agency to deposit in cash, and I hope they are kind.

  3. Deo on March 2nd, 2010 5:25 pm

    Miss Nors,what if I fail to comply this condition that I will make at least 6 remittances a year in kabayan account. This account will still work or not?

    I open his account when I have my vacation last August 2008 in Iloilo.

    I will wait for your advise. Thank you.

  4. Nors on March 2nd, 2010 11:51 pm

    Deo, I’ll answer your question tomorrow ha. Since I’m presuming you’re abroad, I can call BDO for you. I called BDO, but they said Kabayan people work at daytime only. But I know that if you have at least 2k in your account, the account works even if you fail to make the 6 remittances. But I need to make sure.

  5. Nors on March 3rd, 2010 4:37 pm

    Deo, I called BDO. Hindi na raw 6 times a year. One remittance na lang daw a year ang kelangan. (need to update my article) You need to call BDO to ask if your account is still active. They need to know the account number. Toll free (Intl. Access Code) + 800-8-6318000 or you can email callcenter@bdo.com.ph . They answer naman in 1 or 2 days, sa experience ko sa email nila. Kindly come back and share, so we can update others. Thanks.

  6. Joanne Clere on March 10th, 2010 8:19 am

    Hello Sir/ Ma’am,

    I’m Joanne Clere and I’m here in US now. I am sending money ti my family through western union but I am so sick of it coz the trasnsfer fee is expensive and their exchange rate is lower than usual and there is still deduction fee sa pera na ipinadala ko pag nanjan na sa pinas. I want to inquire po sana if pwedeng mag open ang family ko ng bank account sa inyo and I will just transfer na lang and they will widraw na lang poh. I know very little about banking so I would really appreciate any help from you. Thanks

Leave a Reply