Banking Guide for OFWs 2026
Managing your finances from abroad requires the right banking setup. Philippine banks like BDO, BPI, and Metrobank offer OFW-specific accounts with features like free remittance receiving, higher interest rates, online banking with international access, and linked ATM cards for family in the Philippines.
Best Banks for OFWs
| Bank | OFW Account | Features | Online Banking |
|---|---|---|---|
| BDO | BDO Kabayan Savings | Free remittance receiving, ATM card for family, low maintaining balance | Yes (worldwide) |
| BPI | BPI OFW Savings | Free transfers, GCash link, passbook or ATM | Yes (worldwide) |
| Metrobank | OFW Savings Account | Zero maintaining balance, free Metrobank remittance receiving | Yes |
| PNB | PNB OFW Savings | Free remittance, PNB branches in 30+ countries | Yes |
| Landbank | e-Savings Plus | Government bank, ATM network, low fees | Yes |
| RCBC | MyWallet Savings | Mobile banking, Hexagon for priority clients | Yes |
Dollar Accounts
Most Philippine banks offer USD savings accounts for OFWs, protecting your savings from peso fluctuations:
- BDO Dollar Savings: USD 500 opening, 0.125% interest
- BPI Dollar Savings: USD 500 opening, 0.125% interest
- PDIC insured up to PHP 500,000 equivalent per depositor per bank