Yes, BDO Network Bank can indeed receive money from abroad, making it a convenient option for beneficiaries in the Philippines.
BDO collaborates extensively with numerous network partner banks located in various countries and regions worldwide. This robust network ensures that individuals sending money from abroad can easily facilitate remittances directly to BDO accounts in the Philippines.
How International Remittances Work with BDO Network Bank
BDO's partnership model streamlines the process of sending money from overseas to beneficiaries holding BDO Network Bank accounts. Senders with accounts at BDO's network partner banks can initiate transfers, which are then processed efficiently for receipt in the Philippines.
Key examples of BDO's international network partners include:
| Partner Bank | Region/Country |
|---|---|
| DBS | Singapore |
| CIMB | Southeast Asia |
| Seven Bank | Japan |
These collaborations are designed to provide a seamless and reliable channel for international money transfers, ensuring funds reach their intended recipients securely.
Benefits for Recipients
Receiving money through BDO Network Bank from abroad offers several advantages:
- Accessibility: Funds can be accessed conveniently through BDO's extensive branch and ATM network across the Philippines.
- Reliability: Leveraging established banking partnerships ensures a secure transfer process.
- Ease for Senders: Senders benefit from simplified processes when initiating remittances from their accounts with BDO's partner banks, making it easier for them to send funds to BDO accounts in the Philippines.
For more details on receiving international remittances with BDO, you can explore resources like Wise's guide on BDO international transfers.
