OFBank offers US Dollar Savings account to OFWs

Error message

Deprecated function: The each() function is deprecated. This message will be suppressed on further calls in menu_set_active_trail() (line 2405 of /services16/webpages/util/a/s/asiasystemphil.site.aplus.net/overseasfilipinobank.gov.ph/public/includes/menu.inc).
11 February 2019
OFBank is now offering a US$ savings deposit to OFWs and their beneficiaries, as well as other private individuals and institutional clients. The US$ savings account is an interest bearing dollar-account which requires presentation of a passbook for deposit and withdrawal transactions. OFWs abroad can send/ remit in dollars for credit to the Dollar Savings Account maintained at OFBank through “remittance” to various LANDBANK remittance partners abroad (https://www.landbank.com/remittance-partners). Said product is now available at the OFBank Head Office in Manila.
With a minimum initial deposit of $100 for an individual depositor and $1,000 for institutional clients, it is very easy to open an US$ dollar account at OFBank. You just have to present and submit the basic requirements to open an account. A passbook will be given upon opening an account to track your deposits and interest earnings.