As the Philippines commemorates National Heroes Day, the spotlight shines not only on the courageous figures of the nation’s history, but also on our modern-day heroes—overseas Filipino workers (OFWs).
According to the Philippine Statistics Authority, more than 2 million OFWs collectively sent home around ₱238 billion in remittances in 2023. Beyond supporting loved ones, these remittances strengthen the economy and reflect the resilience, generosity, and enduring spirit of Filipinos worldwide.
If you are one of the millions of Filipinos working abroad, take pride—your sacrifices go beyond your family. They fuel progress for the entire nation.
Practical Money Habits for OFWs
To honor the selfless contributions of OFWs, CIMB Bank Philippines—recognized as the Best Digital Bank in the Philippines by The Asian Banker—shares practical money habits to help maximize your hard work abroad:
1️⃣ Build and Strengthen Your Emergency Fund
Aim to save at least three to six months’ worth of expenses. But don’t just plan for your family—secure yourself too. Think about unexpected repatriation, urgent medical needs abroad, or emergencies requiring an immediate flight back home.
2️⃣ Track Finances as a Family
Distance doesn’t have to mean disconnection. Schedule regular money talks with your loved ones to review expenses, savings, and financial goals. Open communication ensures that both present needs and future plans are well-balanced.
3️⃣ Balance Giving with Self-Care
OFWs often prioritize family above all, but it’s equally important to invest in yourself. Beyond remittances and pasalubong, consider setting aside personal savings, purchasing insurance, or preparing for retirement to secure your future.
Seamless and Secure Remittances with CIMB Bank PH
As part of its mission to support the underserved overseas Filipino market, CIMB Bank PH continues to make remittances faster, safer, and more convenient.
- Direct crediting of remittances to CIMB Bank accounts is now possible from 170+ countries, with no hidden fees from CIMB.
- Send money through trusted apps and providers such as Revolut, Western Union, WISE, and WorldRemit, or use transaction reference numbers from Ria and Remitly.
This innovation reflects CIMB’s commitment to empower OFWs and their families to live their purpose, wherever in the world they may be.
🇵🇭 Heroism in Everyday Choices
This National Heroes Day, CIMB Bank PH salutes the heroism of OFWs—seen not just in their sacrifices abroad, but in the everyday financial choices they make to secure a brighter future for their families and the nation.
Learn more about how to send and receive remittances with CIMB Bank PH:
cimbbank.com.ph/remittance
