After having received more than 50 inquiries from OFW’s and Pinoys abroad about the possibility of opening an UITF account with BDO, I decided to settle things with the bank’s Trust and Investments Group once and for all.
I sent an email through their Contact Us page yesterday and I am so glad to receive a response from them in less than a day’s time.
Is it really possible or not for BDO clients who are based or working overseas to apply for the Easy Investment Plan? Here’s the detailed and helpful response from the BDO Trust and Investment Group’s Product Training Officer:
“Currently, when OFs (Overseas Filipinos) e-mail us of their interest to apply in the BDO Easy Investment Plan and their servicing branch here in the Philippines (where they opened their BDO savings or checking account) agrees to accommodate their request, we facilitate the opening of the investment account by sending the soft copy of UITF account opening forms (including the BDO EIP application form) to them and assist in the OF-branch coordination (verification and review of accomplishment of the investment account opening forms).
We then require the sending of the originally signed forms to the servicing branch before the BDO EIP account is actually opened. Their evidence of participation will also remain in the custody of the servicing branch until the OF visits the branch personally.
Usually, the servicing branch agrees to facilitate the BDO EIP account opening when the OF’s records with them are up-to-date, complete and compliant to BSP regulations. OFs with BDO accounts whose KYC (Know Your Client) records are outdated or needs updating are usually advised to instead open the BDO EIP account upon their homecoming.
We will highly appreciate that you share our reply to those Overseas Filipinos you mentioned so that they can directly e-mail firstname.lastname@example.org so we can facilitate their request on a case-to-case basis.
Again, our sincerest thanks for your concern and assistance to your fellow OFs.
Thank you and may God bless your advocacy in helping OFs reach their financial goals.”
Kudos to the BDO Trust and Investments Group! And another salute for their selflessness and willingness to uplift the financial conditions of Filipinos working abroad. I hope that more OFW’s will take this opportunity to jumpstart their investing journey towards achieving their financial goals.
So if you are an existing BDO client but currently based abroad (meaning you have an active savings account or any other bank product with BDO), then this is your chance to apply for an Easy Investment Plan account and be invested in BDO’s different UITF (unit investment trust fund) products that are performing amazingly in the market.
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P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your bank savings or time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .
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P.S. 2. The OFW UsapangPiso Philippines and Angat Pilipinas Coalition for Financial Literacy bring Marvin Germo’s Stock Smarts to Lucena City on May 24, 2014, 1PM-5PM at Koon Lin Seafood Restaurant. For details and registration, email Carmi at firstname.lastname@example.org or you may register online through this link. P.S. 3. The OFW UsapangPiso KSA Chapter will be conducting a series of financial literacy seminars to OFW’s in the Eastern Province and in Bahrain on May 23, 2014 (Al Ahsa), May 30 (International Philippine School of Al Khobar or IPSA), and June 20 (JCSGO Manama, Bahrain). Keep on visiting our Facebook group and forum site for updates on these events.
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