The remittance service unit of BDO Unibank Inc. is waiving charges on typhoon donations from overseas Filipinos to encourage more cash aid.
BDO Remit said in a recent statement that no remittance fees will be charged on these donations until December 31.
“Hopefully, with this [fee waiver], we can encourage more donations from our overseas Filipinos to those adversely affected by the recent typhoons,” BDO Senior Vice President and Remittance Head Genie T. Gloria said.
Several parts of the country were recently devastated by the onslaught of typhoons Quinta, Rolly and Ulysses. Many relief operations and donation drives are being mounted to help the disaster-stricken provinces.
Overseas Filipinos may transfer their donation for free via BDO Remit office abroad to BDO Foundation Inc.
The BDO unit has nine subsidiary offices outside the country. In Asia, BDO Remit has offices in Macau, Hong Kong and Japan. It is also located in Daly City, US and in Toronto, Canada in North America.
In Europe, the BDO subsidiary has a presence in the United Kingdom.
Meanwhile, BDO Foundation, along with BDO Unibank and BDO Network Bank branches, has started delivering relief packages to families affected by typhoon Ulysses.
Earlier, it has provided relief foods to over 36,000 families hit by typhoons Pepito, Quinta and Rolly.
BDO Foundation has also already distributed relief packs to nearly 11,000 affected families in Albay, Camarines Sur and Catanduanes.
In addition, the foundation also sent relief packs to more than 14,000 families affected by typhoons Pepito and Quinta in Bulacan, Pampanga, Nueva Ecija and Quezon.
“The corporate citizenship initiative was made possible by officers of BDO and BDO Network Bank branches, who helped gather beneficiary information and identify barangays that needed assistance. Logistical support was provided by local government units and partner non-governmental organizations,” the bank said.
In the first nine months, BDO saw its net income drop by 48 percent to P16.6 billion because of higher provisions for potential credit loss.