Business
BPI Brings Banking Closer to Overseas Filipinos with New Branch at POEA
Good news for overseas Filipinos—Bank of the Philippine Islands launched a full-service branch at the Philippine Overseas Employment Administration (POEA) Building. The POEA branch, which opened Monday, October 12, marks the latest initiative of BPI’s commitment to make banking more accessible and convenient for overseas Filipinos.
“It’s a full-service branch thus all our new and returning overseas Filipinos will be able to experience the full banking service of BPI such as over the counter deposits, bills payment, and apply for a loan or invest,” said BPI Executive Vice President Natividad N. Alejo.
The POEA branch continues BPI’s legacy in providing innovative products and solutions for the overseas Filipino community. While overseas Filipinos are readily able to access and transact at any BPI or BPI Family Savings Bank branch in the Philippines, the POEA branch allows the bank to bring its services closer to overseas Filipinos.
Already one of the leaders in remittances, BPI has an extensive portfolio of products designed specifically for overseas Filipinos. Through its deposit products, BPI fosters a culture of saving and investing in the pursuit of financial wellness. The BPI Express Teller Savings account offers greater accessibility for overseas Filipinos with no initial deposit required and is not subject to a minimum maintaining balance.
BPI has also consistently been a leader in providing loan products that are tailored for seafarers and their families. Specifically, BPI offers a Personal Loan Seafarer Program that allows Filipino seafarers to time their monthly payments around their salary schedules, giving them and their families greater peace of mind.
And when overseas Filipinos want to surprise their loved ones on special occasions like birthdays, or when they would like to add something unique in addition to their cash remittances, BPI’s Gift Remittance program allows them to send gifts directly to their families.
“BPI has always been committed to being a partner to overseas Filipinos, and this branch gives us the ability to be there for them from the start of their journey toward financial security and independence,” said Alejo. “We’re here to help Filipinos achieve their financial goals, and this is just one of the many ways in which we can help them on how to save, invest, and build for the future.”