Saudi Arabia's largest bank taps BPI for remittance

MANILA, Philippines - Filipinos based in the Kingdom of Saudi Arabia can now easily remit their hard-earned money as the largest bank in terms of capital in the Arab world is tapping the extensive remittance network of Ayala-led Bank of the Philippine Islands (BPI).

A remittance service partnership agreement was forged by National Commercial Bank (NCB) and the listed bank’s overseas remittance business division.

Money from Saudi Arabia through NCB will be coursed through BPI, benefiting families of overseas Filipino workers

“We believe that our partnership with BPI is the right platform to serve the interest of our customers, especially Filipino families, as well as contributing positively to the economies of both the Philippines and the Kingdom of Saudi Arabia," Omar M. Hashem, NCB senior vice president and head of electronic transactions banking division, said.

Money can be transferred 24/7using the NCB phone banking service on 920000330 or through any of the 1,400 NCB ATMs all over the Kingdom or AlAhli Online banking.

Filipinos will be able to use remittance services through ATM machines, phone banking and online banking of NCB, which also has 275 branches all over the Kingdom.

All transactions are also available in the Filipino language to ease communication for customers. -Ruby Anne M. Rubio, GMANews.TV

Source:http://www.gmanetwork.com/news/story/160235/economy/companies/saudi-arabia-s-largest-bank-taps-bpi-for-remittance