Category: Finance

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Establish Your Family Emergency Fund: Start Saving Today For Added Security And Peace Of Mind.

Consider what lies ahead for your family. What do you observe?

Imagine your child celebrating a remarkable graduation from a prestigious university, your long-awaited business finally welcoming customers, or the love of your life gracefully walking down the aisle. No matter what your dreams or aspirations may be, it’s crucial to focus on your family’s future by establishing a solid financial plan, beginning with a family emergency fund.

Experience the ultimate peace of mind, knowing that your loved ones are shielded from the financial burdens of emergencies or illness. This safeguard provides your family with a strong base to boldly move forward.

Moreover, integrating savings with life insurance in your financial strategy is essential to safeguard your loved ones from financial hardship during unexpected circumstances, allowing them to depend less on the emergency fund.

Experience enhanced security for your savings with BDO’s added layer of protection. Open a BDO Smart Checking, ATM Savings, Passbook Savings, or Peso Checking account today and enjoy the incredible advantage of a savings account that includes complimentary life insurance coverage of P3 million. Just keep the necessary minimum initial deposit in your account for a period of up to six months. Experience a quick and effortless sign-up process, all without the need for medical exams.

In addition to selecting the ideal bank, there are several other factors to keep in mind while establishing a family emergency fund:

• The importance of size cannot be overlooked. A bigger family means a bigger emergency fund is essential. An ideal emergency fund should cover three to six months of your living expenses. For bigger families, consider extending that duration to 12 months.

• Strategic foresight. Starting early gives you the advantage. Think about establishing your emergency fund with your partner before embarking on the journey of starting a family.

• Family fund. Create a dedicated emergency fund for your family. While you might already have a personal emergency fund, creating one for your family is essential for managing household expenses and addressing larger financial needs.

• Easy to reach and safe. Accessing your family emergency fund should be effortless, enabling you to avoid the time-consuming process of asset liquidation. Experience peace of mind with a reputable bank like BDO, safeguarding your finances from potential economic downturns.

As you begin your financial journey, keep in mind that every family’s needs and situations are distinct. Choosing a bank that demonstrates a genuine dedication to care is an essential step.

Choosing BDO empowers you to take that crucial first step in securing your family’s future with confidence. Seize this exclusive opportunity before it expires on May 15, 2025. Stop by your closest BDO branch today or explore us online at www.bdo.com.ph.

 

 

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Women MSMEs turn livelihood programs into ‘Automated Tao Machines’

Resilient mothers from a remote mining community in Surigao del Norte transformed their livelihood programs into a channel that brings banking services closer to the community. Through BDO Unibank’s agency banking channel, Cash Agad, they proved that women can inspire and lead change even in the most remote areas.

The Siana Golden Mothers Association comprises mothers from Barangay Siana, Mainit, and Surigao del Norte who are beneficiaries of the government’s Pantawid Pamilyang Pilipino Program (4Ps). In addition to relying on their 4Ps benefits, Siana Golden Mothers was determined to find livelihood opportunities for its members to become successful business owners.

The birth of an initiative

In 2018, when a nearby mining company offered support to livelihood programs, Minda Ajoc, a devoted mother who worked for years assisting barangay nurses in caring for young children in Barangay Siana, joined hands with fellow mothers to form Siana Golden Mothers. They guided the group through early livelihood ventures such as swine production.

This is when they also decided to become partner agents of Cash Agad, a service offered by BDO to micro, small, and medium enterprises (MSMEs), organizations, and local establishments in rural and hard-to-reach communities where bank branches and ATM access are limited to non-existent. The partner agents will then become the “ATM” or Automated Tao Machines in their community and allow cash withdrawal services, balance inquiry, cash-in, bill payment, and other basic banking transactions through the point-of-sale devices at their stores.

These women saw an opportunity for their association to be a Cash Agad agent, bringing financial services closer while creating a sustainable income source and providing remittance and photocopying services to the community.

Lifeline for Barangay Siana

“Malaking tulong sa amin ang Cash Agad, lalo na’t malayo kami sa city. Madami itong natulungan at nabigyan ng access sa kanilang pera. Nakakatulong ito na mai-angat namin ang aming komunidad,” Minda said. (Cash Agad has been an enormous help, especially since we live far from the city. It has helped many people get access to their funds. The outcome has enabled us to uplift our community.

In line with its commitment to fostering financial inclusion, BDO finds it encouraging that Cash Agad is creating a sense of financial empowerment for women in Mindanao.

“Our partnership with the Siana Golden Mother’s Association reflects BDO’s commitment to supporting grassroots communities, especially women, who play a vital role in driving local progress,” said Jaime Nasol, Senior Vice President of the Consumer Banking Group at BDO Unibank. “Through programs like Cash Agad, we aim to bring financial services closer to remote areas, enabling individuals and associations to build sustainable livelihoods and create meaningful change within their communities.”

As the Siana Golden Mothers Association continues to grow, BDO and Cash Agad, with more than 12,000 partner agents, are exploring further ways to support similar initiatives, helping more communities to access essential financial services, and promoting a future of financial stability for all.

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BDO Enhances Digital Banking with a New Online Platform.

BDO Unibank has launched its new BDO Online website, which provides consumers with a seamless, safe, and efficient digital banking experience. With an increasing reliance on digital financial management solutions, the improved platform ensures that BDO customers have access to their accounts, cards, and critical banking services at any time and from any location.

“We recognize that customers have diverse banking needs that arise at different times of the day,” said Roy Villareal, BDO’s Digital Financial Head. “With this in mind, our goal is to offer a variety of complementary banking channels that enable consumers to transact in a convenient and secure manner, whether through our online platform or our wide branch network. The new BDO Online website aims to improve security, accessibility, and overall user experience.

The new BDO Online website features

• Enhanced security, including SMS One-Time Password (OTP) and push confirmation via the smartphone

• Improved Money Transfer Options: PESONet transfer limits increased, InstaPay charge decreased to ₱10, and BDO-to-BDO fund transfers are now free.

• Customers can lock/unlock their cards and establish daily transaction limitations for better security and management.

 

Welcome to BDO Online! The new BDO Online website has a fresh look and comes with a better interface for a smoother user experience. Visit BDO’s new online platform at www.onlinebanking.bdo.com.ph.

The new BDO Online website, with its modernized look and expanded functionality, is intended to complement the bank’s existing digital banking ecosystem, which includes the BDO Online and BDO Pay mobile apps. This provides users with a variety of options for managing their funds with simplicity.

The new BDO Online website, www.onlinebanking.bdo.com.ph, is now live, and clients can log in with their existing online banking credentials. The website also offers detailed login support.

As BDO expands and improves its digital banking capabilities, the launch of the new platform confirms its commitment to providing innovative, customer-centric financial solutions that respond to its clients’ changing needs.

 

 

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BDO and Japan’s Seven Bank Remittance Collaboration Grows

Overseas Filipinos in Japan prioritize convenience and reliability when transferring money home. BDO Unibank, Inc. (BDO) and Seven Bank have pledged to satisfy loyal Kabayans and attract new ones to their growing platform.

Supporting Overseas Filipinos in Japan since 2016. BDO’s remittance network in Japan started with the opening of a BDO Remit office in Shinjuku. The alliance with Seven Bank a year later enabled BDO to reach customers beyond the Shinjuku/Tokyo area to various prefectures of Japan.

The 2017 announcement of the strategic alliance of banking leaders from two of Asia’s strong economies was promising. Seven years later, both institutions agree the relationship has benefited their clients. BDO and Seven Bank are exploring ways to expand their cooperation to other products and services.

Seven Bank President and Representative Director Masaaki Matsuhashi praised BDO’s customer emphasis. Seven Bank shares this value. BDO is passionate and aggressive about offering innovative services to customers, so we want to work with them.”

Seven Bank’s International Money Transfer app allows clients to transfer money from Japan to the Philippines conveniently on their mobile phones.

Fast and secure remittance to the Philippines. Using Seven Bank’s International Money Transfer mobile app, Overseas Filipinos in Japan are assured of 24×7 delivery of their remittances to their loved ones back home.

BDO Senior Vice President and head of Remittance Genie T. Gloria said, “We saw that one hurdle for Filipino workers in Japan is visiting banks and remittance centers during the daytime due to their work schedule. Our partnership with Seven Bank is a game changer, enabling 24×7 remittance via their mobile app and 27,000 ATMs across Japan.”

Matsuhashi noted BDO’s global reach: “For Filipinos living in Japan, everybody knows BDO and feels secure and safe with the BDO network. Seven Bank is known to Filipinos in Japan. BDO and Seven Bank are trusted and reliable.”

BDO has the largest physical and digital presence for overseas Filipinos and families. With BDO Kabayan Savings, beneficiaries can receive and withdraw money 24/7 from anywhere in the Philippines using over 5,700 ATMs. Cash Pick-up Anywhere lets them claim money at over 14,000 sites nationwide, including over 1,700 BDO and BDO Network Bank branches, BDO Remit counters in SM malls, and over 12,000 Cash Agad partner-agents.

BDO’s reliability as a partner and service provider impressed Matsuhashi, along with its extensive accessibility. “Remittances sometimes fail to send in the remittance business. With BDO, senders and recipients complete all transactions. This is a BDO strength.

BDO’s broad and long-standing network of remittance partners from North America, Europe, the Middle East, and Asia-Pacific shares Seven Bank’s favorable views and expertise.

Overseas Filipino remittances are one of the largest in the world and reached a historic high of US$37.2 billion in 2023.

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BDO Foundation Opens 2025 With The Completion Of Four Recently Renovated RHUs.

More than 96,000 Filipinos throughout various regions of Luzon and the Visayas will benefit from four recently renovated rural health units (RHUs), which were turned over by BDO Foundation, the corporate social responsibility arm of BDO Unibank, to celebrate the new year.

Two health facilities in Capiz, namely Sapian Rural Health Unit and Birthing Clinic and Ivisan Rural Health Unit and Birthing Facility, were refurbished by the BDO Foundation to support the country’s ability to provide essential health services at the grassroots level. In addition to Pilar Rural Health Unit in Bohol and Peñarrubia Rural Health Unit in Abra, the foundation also restored both of these units. The BDO Foundation has restored 195 outlying health centers around the country.

With the help of the local government units and their municipal health officers, the BDO Foundation renovated the inside and outside of the health centers to make them better places to heal and be healthy. To make sure that the community is comfortable when they visit the centers for their regular check-ups, the foundation established sections for children, nursing mothers, and older residents in various RHUs.

The BDO Foundation has long held the view that RHUs play an essential role in enhancing the provision of primary healthcare. They play an essential role in the community by providing essential primary health care services such as checkups, immunizations, and other preventative measures.

Newly rehabilitated RHUs. The health centers aim to be more patient-centric and conducive to wellness.

Our goal is to ensure that all Filipinos may easily and comfortably obtain primary health care. Mario Deriquito, president of the BDO Foundation, expressed the hope that their modest gift will enable health personnel to deliver better services and aid patients in receiving better care.

One of BDO Foundation’s continuing initiatives is the RHU rehabilitation program. Branch officers of BDO Unibank and BDO Network Bank suggest deserving RHUs to the foundation, which then proceeds to refurbish health centers nationwide.

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Saving Made Easy with GSave

Saving can feel overwhelming, especially when you’re unsure where to start. But with clear goals and the right tools, anyone can begin—even with small amounts.

GSave, powered by GCash with its trusted bank partners, simplifies saving like never before. You can earn up to 6% interest annually on your savings, open a bank account in just a few taps, choose the bank that suits you best, skip the tedious paperwork, and start saving with as little as PHP 10—all conveniently through your phone.

For an even easier experience, use GSave’s Auto-Save feature. Simply set your desired amount and schedule, and let your savings grow automatically!

Remember, saving is a journey, not a destination. Small, consistent efforts can lead to significant savings over time. Happy saving!