Why open a savings bank account?
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An OFW savings account can help you save money for a rainy day
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You can easily and conveniently deposit or remit money to your account without having to go physically to the bank
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Savigns accounts also offer greater security than other types of accounts because they are insured by the FDIC
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An OFW savings account can help you save money for a specific goal, such a a down payment on a house or a car.
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It can help you earn interest on your deposited funds.
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An OFW savings account is a great way to build your credit history and score.
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Your bank account can be used to cover unexpected expenses
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You can access your saved funds whenever you need them.
BDO Kabayan Savings
You can start a BDO Kabayan Savings account with just PHP 100 or USD 100. as long as you make a payment into the account at least once every year, it is possible that the acoount can have a zero balance.
customers with high savings are also eligible for a free life insurance and free accident insurance.
BPI Savings
BPI offers two types of savings accounts for OFW'sL BPI Express Teller and BPI Maxi-saver. Both of them provide interest rates on deposits. BPI Pamana Padala also offers free accidental and life insurance.
Chinabank Overseas Kabayan Savings
This account has been especially started keeping OFW's in mind. to keep the interest rolling in, the account needs a sustaining balance of PHP 1,000. It offers the advantage of using the mobile app or online banking to remit money.
Metrobank OFW Savings
This account doesnt require any intial deposit or need to maintain a balance. It allows you to transfer money, pay bills and save money all while earning interest. It can be assessed anywhere across the world.
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