Tag: BDO

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Plan B: The Safety Net Every ‘Sandwich Generation’ Filipino Family Needs

An essential challenge facing modern working adults is managing financial responsibilities across generations. Raising growing children, caring for aging parents, and securing one’s own retirement are colliding demands for millions of families.
This multi-generational balancing act defines the Sandwich Generation—working adults stretched financially and emotionally between the immediate needs of their children and the care of their elderly parents.

The Reality of Balancing Two Generations

Being a primary breadwinner carries significant pressure. However, when two distinct generations rely on a single income, the risk compounds dramatically:
    • Compounded Vulnerability: A single medical crisis, sudden disability, or job loss doesn’t just disrupt individual plans—it threatens the day-to-day survival and future goals of three generations.
    • The Dual Obligation: Breadwinners must simultaneously fund immediate living expenses, education costs, healthcare for aging parents, and their own long-term retirement savings.

What the Data Shows: Family-Centered Financial Decisions

Recent findings from a Synergy-YouGov study highlight how deeply family dynamics shape financial decisions today. Securing life insurance is no longer viewed merely as a personal investment, but as a fundamental family obligation.
Key Motivation for Insurance Percentage / Priority Financial Impact
Health Protection Top Leading Concern Shields multi-generational savings from sudden medical debt.
Children’s Education 35% of respondents Ensures long-term educational continuity for the next generation.
Parental / Relative Support 34% of respondents Guarantees ongoing care and dignified support for aging relatives.
Retirement Planning High Priority Prevents breadwinners from becoming financial burdens to their own children later in life.

Building Your Safety Net: “Plan B”

Beyond daily budgeting, members of the sandwich generation require a structural safety net to ensure long-term stability.
“Many Filipinos today carry the responsibility of supporting both the next and previous generation. Life insurance helps ensure that no matter what happens, their families can continue pursuing their goals and meeting their needs. Ang pamilya mo ang nangangailangan ng Plan B.“
— Renato Vergel De Dios, President and CEO of BDO Life

Key Takeaways for Financial Readiness

    • Establish Health Coverage First: Medical emergencies are the quickest route to financial depletion for sandwich breadwinners.
    • Protect Educational Goals: Locking in education coverage early guarantees your children’s future regardless of income disruptions.
    • Plan for Independent Retirement: Securing your retirement fund ensures you break the cycle of generational financial dependency.

To explore tailored protection strategies for your family, reach out to a certified financial advisor to build your customized safety net.

Talk to a BDO Life Financial Advisor at the branch nearest you, or visit the BDO Life Get a Quote page on the BDO website to explore life insurance solutions that align with your financial goals and budget.

 

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Savings don’t stop accumulating when you retire. Your best years can still be ahead.

Retirement doesn’t necessarily mean slowing down.

Many seniors find joy in life after 60. They can travel, pursue hobbies, stay active in their communities, start small businesses, or spend more time with family and grandchildren. Some continue working, while others use their savings to support their loved ones and pursue their passions.

According to the Philippine Statistics Authority, Filipinos aged 60 and above now make up nearly 10 percent of the country’s population. Many seniors also continue working beyond retirement age, with 3.4 million seniors still part of the labor force in 2025.

Regardless of their plans, one thing is crucial: ensuring that the savings they worked hard to build remain secure and accessible as they enjoy their golden years.

Celebrating a legacy of hard work

On Grandparents’ Month, BDO honors seniors who continue to make the most of every chapter of life by helping them protect and grow their wealth.

With a dependable savings account, seniors can keep their funds secure while enjoying convenient access to their hard-earned money. BDO Prime Savers, a savings account designed for clients aged 60 and above, offers benefits that enhance everyday banking, including:

    • Priority service in branches for reduced waiting times
    • Preferential foreign exchange rates for easier travel or support for family abroad
    • Convenient online account opening without the need for branch visits

These features are tailored to make banking easier for seniors, whether they’re managing their finances, supporting loved ones, or simply enjoying more freedom with their money.

Making every retirement year rewarding

Saving can be incredibly rewarding in various ways. From September 1 to 30, 2026, eligible clients who open a Prime Savers* account with an initial deposit of at least ₱100,000, or a Prime Savers Dollar account with at least US$2,000, can receive a ₱500 SM Gift Pass.

Additionally, opening a peso account offers new and existing clients a chance to win brand-new hybrid cars and SM Gift Passes until December 2026 as part of BDO’s 50th Anniversary raffle. To participate, clients can open a qualified account, register online once, and maintain the required balance to earn raffle entries.

For those who have dedicated their lives to caring for others, grandparents deserve the freedom to enjoy their hard-earned wealth and a financial partner who can assist them in doing so with greater ease and peace of mind.

Through BDO Prime Savers, seniors can continue safeguarding their assets while enjoying benefits designed to simplify, secure, and enhance their banking experience.

For more information about BDO’s Prime Savers and the 50th Anniversary promotion, visit the official BDO website or visit your nearest branch.

* Prime Savers Promo: This promotion runs from September 1 to 30, 2026. It is subject to DTI Fair Trade Permit No. FTEB-263939 Series of 2026.

BDO 50th Anniversary Raffle: This promotion runs until December 2026. Terms and conditions apply. DTI262324. Series of 2026.

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All transactions no fees, kaya BDO Pay Mo Na!

Life moves fast, and your payment app should keep up—without extra fees and unnecessary complications. In a world where you can do almost anything with a tap, your digital payments shouldn’t come with added costs just to access your money. That’s the essence of BDO Pay: a payment app designed to simplify everyday finances, save you money on fees, and provide the convenience of managing everything in one place.

Keeping Things Simple and Free

Eliminate extra fees and unnecessary steps. BDO Pay offers a variety of ways to manage your money seamlessly:

– Send money for free to any BDO account, as well as to other banks and e-wallets through InstaPay or PesoNet.

– Pay bills to over 2,200 billers and purchase load without any fees.

– Scan QR codes for free—whether you’re paying at stores via QRPh with your BDO debit card, utilizing Scan to Pay with your BDO credit card, or withdrawing and depositing cash at QR-enabled ATMs.

Built for the Way You Pay

Paying shouldn’t feel like an overwhelming task, yet many Filipinos find themselves juggling multiple apps, cashing out funds, or incurring extra charges when completing everyday transactions.

To maximize the value of your transactions, BDO Pay allows you to pay directly from your linked BDO account or credit card, without needing to cash in. It also offers deals, discounts, and cashback opportunities to enhance your spending experience, all while keeping track of your rewards points in one convenient location.

You deserve a payment experience that works for you, not the other way around. With BDO Pay, every transaction is designed to be straightforward and rewarding, making it easier to navigate your day with confidence.

Better When Shared

Introduce your family and friends to the convenience and benefits of BDO Pay, and earn rewards together. From July 1 to September 30, 2026, you can convert referrals into cash. Share your referral code through the app. Once your loved ones sign up and enter the code, you’ll receive ₱100 in cash credits, and they’ll get ₱50 too. Here’s how it works:

1. Open the BDO Pay app, tap on “More,” and select “Refer a Friend.”

2. Copy your referral code or tap “Invite Friends” to share it.

3. Choose a messaging app and send the referral code to your friend.

4. Your friend can download and sign up for BDO Pay, enter the referral code during sign-up, and complete the registration process.

It’s easy and a thoughtful way to help those you care about enjoy the benefits of cashless payments while earning rewards together.

No Fees, Just Pay

The era of paying extra for convenience is coming to an end. If you’re ready to simplify your payment transactions with zero fees, it’s time to choose BDO Pay! Download it now from the App Store (iOS), Google Play Store (Android), or Huawei AppGallery (HarmonyOS).

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Power Up Your Wallet: How the BDO Pay App Makes Credit Card Management Easier Than Ever

In today’s fast-paced, mobile-first world, convenience has become just as important as security when it comes to managing personal finances. From online shopping to paying everyday bills, people want tools that make transactions quick, safe, and easy to track. That’s exactly where the BDO Pay app steps in—transforming the way users manage their BDO Unibank credit cards.

Designed for modern lifestyles, the app brings together control, flexibility, and real-time updates, giving cardholders the power to monitor their finances anytime and anywhere.

A Smarter Way to Manage Your Credit Card

Managing a credit card doesn’t have to involve multiple platforms or long waits on customer service lines. With BDO Pay, users can access essential information instantly—from checking outstanding balances to tracking recent transactions.

The app allows cardholders to view statements, monitor spending, and see payment due dates all in one place. Instead of navigating through different systems, everything you need to manage your BDO Credit Card is available through a few taps on your smartphone.

For people juggling work, errands, and online purchases, having real-time access to financial information provides greater clarity and control over spending.

Security That’s in Your Hands

Security remains a top concern for credit card users, and the app addresses this with features that give users direct control over their cards.

With BDO Pay, you can instantly lock your credit card when it’s not in use and unlock it again when you’re ready to make a transaction. This simple yet powerful feature helps protect against unauthorized use.

Beyond that, the app allows users to activate their credit cards, access e-statements, and even file disputes—all without needing to call customer service. It’s a practical solution for users who value both efficiency and peace of mind.

Everyday Services Made Simple

The app also simplifies several tasks that used to require branch visits or phone calls.

Through BDO Pay, users can request card re-delivery, apply for a Cash Advance PIN, or check the status of a credit card application. Need to add a supplementary card for a family member? That can also be done directly within the app.

By consolidating these services into a single platform, BDO Pay turns routine banking tasks into quick, manageable actions.

Pay Without the Physical Card

One of the most convenient features of BDO Pay is its Scan to Pay function. Instead of bringing out a physical card, users can simply scan QR codes at participating merchants across the country to complete purchases.

This option not only speeds up transactions but also reduces the risks associated with carrying cash or making incorrect digital transfers. Since the payment is directly linked to your credit card, there’s no need to preload funds or worry about running out of balance during checkout.

Earn Rewards While You Spend

Every qualifying purchase made through a linked BDO Credit Card also earns reward points. These points can be converted into cash credits for future purchases or transferred to loyalty programs such as BDO Rewards, SMAC, or SMAC Prestige, allowing users to enjoy additional perks and member privileges.

It’s a system that rewards everyday spending while giving users more flexibility in how they enjoy their points.

Banking Built for a Mobile Lifestyle

As digital payments continue to shape the way people shop, travel, and manage finances, tools like BDO Pay are redefining what credit cards can do.

By combining financial control, everyday convenience, and built-in security, the app transforms the traditional credit card into a smarter financial companion—perfect for today’s connected lifestyle.

Users can download BDO Pay for free through the Apple App Store, Google Play, or Huawei AppGallery and start exploring exclusive dining deals, shopping rewards, and seamless payment experiences right from their mobile devices.

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Plan B: The Gift That Keeps On Giving

“If you are the family’s breadwinner, your most valuable asset is your ability to earn. And the only instrument that can protect that asset is life insurance,” says Renato Vergel De Dios, President and CEO of BDO Life.

For 50 years, he has built his career around one mission: helping Filipino families achieve financial security through life insurance, or Plan B. One would think that in that span, life insurance would already be part of every Filipino’s financial portfolio. Yet many breadwinners remain without coverage, leaving their families vulnerable to financial ruin.

Let’s talk about it

In a market study conducted by BDO Life, having a tight budget, prioritizing more pressing needs, and the belief that insurance is expensive are the main reasons many breadwinners are reluctant to get a Plan B.

In his many decades of experience, Vergel De Dios has also observed that many families avoid talking about illness, death, or financial hardship—often waiting until it’s too late. More than the lack of enough income, that hesitation, he says, is the real barrier to financial security.

It is related to a widely held notion that insurance is only for the wealthy. “That’s a myth,” he says. “Insurance has never been primarily for the rich. It’s for those who need to go to work every day to provide for their families: the employees, the professionals, and the hands-on small business owners.”

 

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Score Up to 1 Million Rewards Points with your Christmas Bonus!

This holiday season, your Christmas bonus could be the start of something truly rewarding. By participating in BDO’s Holiday Million Rewards Raffle promo, saving wisely could potentially turn you into a Rewards Points millionaire!

Open a new account with BDO from October 9 to December 31, 2025, and you could take home up to 1 million Rewards Points. Over 100 lucky winners will share a total of 3 million BDO Rewards Points across the November, December, and January raffle draws.

Road to 1 Million Rewards Points

Deposit at least P50,000 in fresh funds to any newly opened qualified account during the promo period: ATM Savings, Passbook Savings, Kabayan Savings, Prime Savers, Junior Savers, Smart Checking, and Peso Checking to earn one e-raffle entry. Just one more step: complete the raffle registration form at the branch, and you’re officially in the running for this holiday promo.

To earn an additional raffle entry, download and sign up for the BDO Pay app. Make sure to activate BDO Rewards in-app to start earning Rewards Points with your savings.

Save and shop like Belle this Christmas. Her smart adulting tip? Save with BDO and get a chance to win 1 million BDO Rewards Points for your holiday shopping.

Discover the rewards of banking with BDO. If you’re among the winners, your Rewards Points can be spent in three ways:

  1. Pay using your points. Use Rewards Points to pay for your shopping and groceries at SM and partner stores.
  2. Redeem as eGCs. Use them for movies, dining, and more through the BDO Pay app’s eGC catalog.
  3. Transfer or convert to cash credits. Use them to pay for your BDO Credit Card balance or to shop using SM Advantage Card Points.

For more details on how you can be the next Rewards Points millionaire, visit the BDO branch nearest you or check out www.bdo.com.ph.