Search for Top Overseas Filipinos by BPI for its Fifth BPInoy Awards

July 19, 2010 · Filed Under BPI, Banks, Career/Work, OFW, Others · Comment 

Do you know of any Filipino living overseas, or an individual of Filipino heritage, who has contributed to the betterment of the Filipino community abroad, or who has elevated internationally the Filipino image?

Then you can nominate her or him for the fifth BPInoy Awards of the Bank of the Philippine Islands. Any individual or organization can nominate by writing a short article about the nominee, describing:

  • how the nominee has contributed to the improvement of the Filipino community abroad
  • why the nominee deserves recognition
  • what is unique or exceptional about the nominee’s achievements

Nominations must be submitted to bpinoyawards@bpi.com.ph on or before September 15, 2010, addressed to Ms. Athena G. Balleza, Marketing Department, Overseas Customers Segment, Bank of the Philippine Islands.

Last year, the BPInoy awardees were:

  • White House executive chef Ms. Cristeta Pasia-Comerford
  • Dr. Eli Remalona, chief representative for the Asia and the Pacific of the Bank for International Settlements
  • painter Mrs. Anita Magsaysay-Ho

For more info, visit www.bpiexpressonline.com.

Cheap Ways to Send Money to Your Loved Ones Within the Philippines

May 8, 2010 · Filed Under BDO, BPI, Banks · 1 Comment 

Puedeng magpadala ng pera sa murang paraan.

Why do you pay hundreds of pesos to send money from Manila
to your families in the province? or vice-versa or any location within the Philippines?

Does paying 130 pesos to send 1,000 pesos or 650 pesos to send 7,000 pesos make sense?

There are now several ways to send money without paying any charge, or if you have to pay, it would only be a few pesos.

1.  Debit cards

  • You can get them for only around 100 to 150 pesos.
  • You don’t need to maintain a daily balance.

BDO Cash Card

  • Pay around 150 pesos to open the account.
  • No charge for reloading money.
  • Choose from three types of cards based on maximum balance limits of 10,000; 25,000; and 100,000 pesos.
  • The 10,000-peso-limit card needs to have at least one deposit or withdrawal within a six-month period.

BPI Express Cash Card

  • Pay around 150 pesos to open the account.
  • Good for two years, renewable.
  • No charge for depositing or loading money.
  • Minimum withdrawable amount: 500
  • Maximum withdrawable amount per day: 10,000

RCBC MyWallet

  • Pay 100 pesos to open the account and another 100 pesos annually.
  • Pay only 20 pesos to deposit, any amount.
  • Pay only 10 pesos to transfer money, if you have a regular RCBC account.

2.  Regular ATM Savings Accounts

BPI Family  –   1,000 pesos maintaining balance

BDO —  2,000 pesos maintaining balance

Metrobank – 2,000 pesos maintaining balance

Open your account where you plan to send money so you won’t have to pay a deposit charge.  Example: If you’re sending from Metro Manila, open an account here.

If you’re depositing in Metro Manila to a provincial account, you’ll have to pay a deposit charge ranging from 50 to 100 pesos, still lower however than other remittance services.

3.  EON CyberAccount of Union Bank

  • No maintaining balance
  • Pay 350 for the Visa electron annual fee
  • No charge for depositing

4.  Bank accounts for OFWs

Most banks have special accounts for OFWs.  No maintaining balances and just a few pesos to open the account.  Just present proofs of remittances from abroad.

5.  Accounts for Minors and SSS/GSIS Pensioners

Most banks also have special savings accounts for children, requiring zero or low maintaining balances.

6.  Smart Money and G-Cash

Will write another post for these.

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