24 February 2011


Bangko Sentral ng Pilipinas Interactive Portal for OFWs'

The Bangko Sentral ng Pilipinas (BSP) has created an interactive portal that will link overseas Filipino workers, balikbayan, expats, immigrants and other users to information on the different Philippine banks and non-bank remittance companies in the Philippines.

BSP initiates this interactive link to protect OFWs' money against scam and bogus remittance centers.

By using the BSP interactive portal you could find the legitimate remittance centers, location of their branches abroad, foreign bank correspondents, products and services and charges/fees for remittance services to any part of the Philippines

The portal link will then link you to the webpage on your bank's website which contains further details on the chosen category.

 Using the BSP interactive portal you can verify the legitimacy of the remittance centers located in your host country.

The Philippine government recognizes the fruitful efforts of the overseas Filipino workers by their money remittances. For a total of 9 million OFWs' worldwide remittances has certainly make the Philippines economy steady and far more competitive in other Asian currencies.

 As a virtue of that humble recognition BSP came up with this very useful interactive portal.

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