My BPI Mag

As an overseas worker, staying on top of finances at home while living abroad can be difficult. But with proper communication and coordination between OFs and their loved ones, and a little help from the proper remittance tools, managing finances from a distance doesn’t have to be complicated.  There are several ways you can add to your family’s savings, pay bills, monitor investments, and send remittances to your loved ones, even if you are not in the Philippines.

1. Send remittances straight to your beneficiaries’ accounts.
OFs may provide for their families, but this doesn’t mean losing track of where the money is spent. Remittances can be directly credited to a beneficiary’s account, and you may entrust your loved ones to responsibly pay bills and purchases themselves. Alternatively, overseas Filipino’s can also remit a portion to their own account and directly manage payments through online banking channels such as BPI Express Online.

2. Send remittances to a personal savings account.
It’s strongly advised that you set aside money for your retirement, for emergency expenses, and for future investments so that you would have a safety net when you come back home. Remitting to a personal savings account is an efficient way of achieving your target savings amount. BPI’s Save Up, for instance, automatically transfers a specific amount from an ATM account to a savings account.

3. Monitor your investments online.
Aside from your regular paycheck, perhaps you have investments that provide you with additional income streams. With BPI, you can easily monitor investments and make transactions online. So wherever you are in the world, you can look after your investment portfolio with convenient facilities like BPI Investments Online.

4. Maximize the use of prepaid cards.
Prepaid cards are a great way of spending without going over-budget. Your loved ones can acquire a prepaid card which you may reload any time even when you’re abroad. Simply set a budget to better monitor your family’s expenses, from groceries to leisure purchases.

5.  Choose the remittance option that works best for you and your family.
There are several ways to send and receive remittances. For better coordination, choose the best option for you and your loved ones. Aside from crediting to bank accounts, your family members can pick up your remittances from accredited outlets such as pawnshops and payment centers. You may even have the money directly delivered to your home. BPI, has one of the widest networks of remittance channels, guaranteeing that money is sent and received safely and on-time.


With these simple money management tips, you can definitely look after your family’s finances without any worry.  

Source:BPI

My BPI Mag