Makati—(PHStocks)—BDO Remit, the remittance service brand of BDO Unibank Inc. (PSE: BDO), has opened a remittance office in Japan to widen its reach and make its service available to overseas Filipinos working and residing there.
As one of the world’s largest economies, Japan has steadily become among the major sources of Overseas Filipino remittances over the years. Strategically located in Shinjuku-ku, Tokyo, BDO Remit Japan is offering three methods of sending remittance to the Philippines.
1. Visit and register at BDO Remit Japan office in Zenken Plaza II, Shinjuku-ku, Tokyo.
2. Transfer funds to BDO Remit Japan accounts by visiting any branch or ATM of the following Japan partner banks, namely, Japan Post Bank, Sumitomo Mitsui Banking Corporation (SMBC) and Bank of Tokyo-Mitsubishi UFJ (BTMU). Transfer cash including the remittance fees to BDO Remit Japan’s account number in the said banks and BDO Remit Japan will then send the funds to the beneficiaries in the Philippines upon validation of the fund transfer.
3. Remitters may also send money through BDO Remit’s partners across Japan, namely, iRemit, Japan Remit Finance and UAE Exchange. On the other hand, to ensure the safe, easy and convenient way of receiving remittance, Overseas Filipinos and their beneficiaries may open a BDO Kabayan Savings Account at any BDO branch in the Philippines. For only PhP100 minimum initial deposit and a valid ID, the account comes with a passbook and ATM debit card. The BDO Kabayan Savings has a zero maintaining balance feature as long as the account receives remittance from abroad at least once a year. The account also comes with a welfare benefit that aims to help secure the future of OFW families through free life and accident insurance coverage for qualified remitters.
Another available option to get the remittance is through Cash Pick-up Anywhere, where beneficiaries may claim remittance at any branch of BDO Unibank and at BDO Remit counters of The SM Store, SM Business Service Centers, and Global Pinoy Centers. Beneficiaries in Visayas and Mindanao, meanwhile, can conveniently claim money at any of the over 100 branches of One Network Bank (ONB), the rural bank subsidiary of BDO.
The strong remittance service of BDO has been repeatedly recognized by the BSP, naming it the “top commercial bank on Overseas Filipino remittances” for the years 2008 to 2010, and again for 2013 to 2014.
BDO Remit enjoys its presence in Asia via six remittance offices located in Hong Kong, Macau and the newly-opened office in Japan; three representative offices in Singapore, Taiwan and Korea; and a full branch in Hong Kong. In the Middle East, BDO Remit has one representative office in the United Arab Emirates and two remittance offices in North America particularly in California, USA. In Europe, BDO Remit has presence in the United Kingdom, Austria, France, Italy, Ireland, Spain, and Germany with a total of 12 remittance offices in the said countries; and one representative office in France.