Philippines’ China Bank with new financial products for OFWs

Makes it easier to save and invest their earnings.

China Banking Corporation rolled out new services remittance, savings, investment, and consumer loans specifically catering to the needs of overseas Filipino workers (OFWs) and their families.

The “Overseas Kababayan Services (OKS)” makes it easier and more affordable for OFW families to save and invest to expand their earnings, and to help them acquire homes or vehicles. ChinaBank is also expanding its remittance network.

The bank is capitalizing on over 300 branches and 500 ATMs nationwide while entering into new remittance tie-ups the SM Group and other partners.

ChinaBank has a remittance network and partner cash payout outlets of over 4,000 in the Philippines and 1,200 locations worldwide. Deposits of at least P1,000 in the OKS account earn interest to promote the concept of saving and not withdrawing the whole remittance.