BDO Unibank Inc. (BDO) money transfer brand BDO Remit on Thursday announced it has opened a remittance office in Japan to widen its reach and make its service available to overseas Filipinos working and residing in the world’s third largest economy.
“As one of the world’s largest economies, Japan has steadily become among the major sources of Overseas Filipino remittances over the years,” the bank said in a statement.
Strategically located in Shinjuku-ku, Tokyo, BDO Remit Japan said it is offering three methods of transferring money to the Philippines.
Visit and register at BDO Remit Japan office in Zenken Plaza II, Shinjuku-ku.
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 Corp. and Bank of Tokyo-Mitsubishi UFJ.
Transfer cash including the remittance fees to BDO Remit Japan’s account number in the said banks and BDO Remit Japan will send the funds to the beneficiaries in the Philippines upon validation of the fund transfer.
Clients may also send money through BDO Remit’s partners across Japan, including 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,” the bank said.
For a P100 minimum deposit and a valid ID, the account comes with a passbook and ATM debit card, it said.
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 customers.
BDO Remit said another option is through Cash Pick-up Anywhere, with beneficiaries able to claim remittances at any BDO Unibank branch and BDO Remit counters of The SM Store, SM Business Service Centers, and Global Pinoy Centers.
Beneficiaries in Visayas and Mindanao can claim their money at any of the over 100 branches of One Network Bank (ONB), the rural bank subsidiary of BDO.
BDO Remit is also present in Hong Kong, Macau, as well as in three representative offices in Singapore, Taiwan and Korea.
In the Middle East, BDO Remit has a representative office in the United Arab Emirates and two remittance offices in North America, particularly in California.
In Europe, BDO Remit is in the United Kingdom, Austria, France, Italy, Ireland, Spain, and Germany.