Micro Savings Accounts: How Do They Help Low-Income Families and Individuals?

Fifty, one hundred, five hundred, and one thousand Philippine peso bills with a plain gray background

Introduction As a third-world country, the Philippines has a high rate of poverty. Much of the population falls in the lower-middle class bracket, and their earnings are insufficient to meet a family’s needs, much less keep savings. According to the Bangko Sentral ng Pilipinas (BSP), over 63% of the country’s working adults don’t have any savings…

Open a Cebuana Micro Savings Account To Prepare for Your Kid’s Future

A kid dropping coins at a savings jar to open a Micro Savings account

Introduction In this day and age where it is increasingly difficult to find financial stability, one of the greatest gifts you can impart to your children is the knowledge of saving money. Many schools in the country are not equipped to teach financial education to children, so it is up to you to introduce your…

Micro Savings Accounts: What You Should Know Before Opening One

Peso bills and coins being deposited into a Micro Savings account in the Philippines

Introduction Achieving financial stability is a dream for a lot of people. Many want to reach the point in their lives where they have a steady flow of income that they can use to fund their lifestyle and live with a sense of contentment. Having a decently paying job or a well-earning small business is…

6 Tips To Help You Find a Reliable Money Transfer App

Animated phone transferring money to another device through a money transfer app

Introduction  If there is one thing that defines Filipinos, it would be their love and devotion to their families. They are known to go out of their way to give their loved ones the quality of life they deserve. They are so headstrong in their belief in providing for their loved ones that some of…

4 Common International Money Transfer Issues and How To Solve Them

A woman experiencing international money transfer issues in the Philippines

Introduction  Filipinos are no strangers to international money transfers. In fact, the Philippines is regarded as the country with the fourth-highest remittance flow across the globe. This is no surprise considering our culture’s deep-rooted familial bond and the overall competitiveness of the country’s global workforce. Plenty of overseas Filipino workers (OFW) send their hard-earned money…

Important Factors To Consider When Sending Money From the USA

A Filipino Worker Sending Money to the Philippines From the USA

Introduction    There are over four million Filipinos in the USA, particularly in the following states: California, New York, Hawaii, Nevada, and Illinois. Many of them left the Philippines to find work in the States. As such, you will find numerous Filipinos in occupations related to healthcare, management, arts, business, and science, among others.  …

5 Tips To Follow When Using Remittance Services From Canada to the Philippines

5 Tips To Follow When Using Remittance Services From Canada to the Philippines

Introduction    Canada is a massive country with an area of almost 10 million square kilometers in North America. Its distance from the Philippines spans over 8,000 kilometers, but this hasn't stopped thousands of Filipinos from migrating there to pursue more lucrative job opportunities. In fact, Filipinos are the third largest group of immigrants from…

Money Remittance Methods in the Philippines: Which Option Is the Best for You?

A Filipina Researching the Pros and Cons of Different Money Remittance Options in the Philippines

Introduction    It's not uncommon for many Filipino households to regularly use money remittance services. After all, more than a million overseas Filipino workers worldwide are employed in jobs ranging from construction to healthcare. These OFWs are often hailed as modern-day heroes due to their contribution to improving the country's economic growth through the money…

Quickly Send Money to the Philippines With These 5 Helpful Tips

Quickly Send Money to the Philippines With These 5 Helpful Tips

Introduction    Many Filipinos dream of giving their families a comfortable life. This is one reason why a significant percentage of the Philippine population is employed in over 200 countries across the globe, working as professionals, nurses, domestic helpers, drivers, teachers, and construction workers, among other jobs. If you also moved to a different country…