Updated January 29, 2018
BDO Kabayan Savings Account for OFWs
This is a special savings account for OFWs and their families in the Philippines.
You can open this account at any BDO branch in the Philippines, or at certain BDO remittance partners abroad.
- Can be in pesos or in U.S. dollars
- Initial deposit: 100 pesos for peso account
100 US dollars for US dollar account
- Present 1 valid photo ID and one 1×1 ID picture
(The bank officer might ask for a second valid ID)
- The bank officer might ask for proof that you’re an OFW (passport, foreign ID, job contract, etc.).
- If you’re an OFW dependent, the bank officer might ask for any recent receipt of foreign remittance.
- You will be issued a passbook and ATM debit card
- For Seafarers: Initial deposit is only 10 US dollars
Account is called BDO Kabayan Shipping Dollar Account
Present one valid photo ID, your valid Seaman’s book, and one 1×1 ID picture.
- For Seafarers employed by POEA-accredited companies, you can ask your company to credit your allotment directly to your BDO Kabayan dollar account.
- No maintaining balance requirement as long as you make AT LEAST ONE foreign remittance every 12 months.
If there’s no foreign remittance within 12 months, your BDO Kabayan Savings Account will be converted to a regular account with a required maintaining balance of 10,000 pesos.
Penalty for having less than 10,000 pesos in monthly average daily balance for 2 consecutive months: 300 pesos
- You can qualify for a free life insurance if you’re able to maintain at least 25,000 pesos in your account, you send or receive at least 6 foreign remittances every 12 months, and you’re between 18 and 65. Register in this program if you plan to have this benefit.
- If you have a BDO Rewards card, you can earn points from your savings and remittances.
- If you’re paying a home loan, a car loan or an insurance plan, you can ask BDO for automatic payment through the BDO Auto-Debit Arrangement (ADA) service
- If you save big amounts monthly in your BDO Kabayan account, you can later on use your account to support your application for a car loan, home loan or business loan.
Check here a list of BDO correspondent banks.
BDO Remit Cash Card for OFWs
This card is similar to the regular BDO Cash Card, but it is a special cash card; you can get this card only abroad — in selected BDO accredited remittance companies. There are numerous BDO Remit offices, partners and agents worldwide, particularly in countries where there are a lot of OFWs.
This also has a higher load balance and deposit limit, compared to the regular BDO Cash Card. While the regular cash card can contain only 10,000 pesos and 25,000 pesos at a time, BDO Remit Cash Card can be loaded with up to 100,000 pesos at a time.
You can send money directly to this BDO Remit Cash Card account.
How can I check my remittance to my BDO Kabayan account balance while abroad?
You can check the status of your remittance here: BDO Remit Status Inquiry. Enter your BDO Remit reference or transaction number.
If your ATM card has a Mastercard or Visa logo, and if you have changed your ATM PIN while in the Philippines, you can make a Balance Inquiry at an ATM with Mastercard/Maestro/Cirrus or Visa logo in the country where you are. Balance inquiry is 1 US dollar.
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