Overseas Filipino workers will get their own bank next month. Plans are underway to roll out the Overseas Filipino Bank (OFB) after the Landbank of the Philippines took over the Philippine Postal Savings Bank this week.
On Thursday, Arsenio M. Balisacan, the chairman of the Philippine Competition Commission, said the take over had been approved, the Philippine Daily Inquirer reported.
Last October, President Rodrigo Duterte rubber-stamped an executive order to convert the Philippine Postal Savings Bank into the OFB, which will cater for overseas Filipino workers.
Carlos G. Dominguez III, the Philippine Finance Secretary, confirmed that the OFB will be launched on Jan. 18. Official operations will start next month, according to Alex V. Buenaventura, the president of Landbank.

anong benepisyo ang makukuha dito sa OFB compared to other banks???
Thank u tatay digong.
No worries Shirley,pag nagbukas na joint accnt tau pra sa saving ntn dlwa kng gusto mo ????????????????luv u
Maganda iyan huwag lang pasukan ng corruption,,,dapat mga ex OFW lang italaga na mangangasiwa hindi yung ga kakilala naman nila na walang alam sa trabaho.
At last safe na ang ating savings kay sa big bank co.lalo na ang BDO ma withdraw ang pera mo kahit hawak mo ang atm at passbook mo. ·.
Wow how it works ?
Yes its GOOD at the beginning,but how about in the long run?…it can be like BDO?..WHAT GUARANTEES ?
Paano po kame makap open ng bank account pag andto po kme sa ibang bansa.this is safer than other bank i guest
Sana my ilalabas din silang procedure kung paano tyo makapag open ng account nito kung wla tyo sa pinas..thanks po admin
I am here in Libya, how can i open account and what are the requirements to submit? Hindi kaya madaling mai-scam yan?
Good news..i’m lovin’ it????
Love it ????
Thank you so much President Rodrigo Duterte????
Great news to all of us (ofw )..
Landbank of the Philippine mabuhay
Thank you so much mr president duterte..how to get it?
Thanks for the good news…. Thanks to our beloved president…
Wow mag bubukas na next month….
Good news makaka ipon na ako pag balik ko pilitin ko mag savings
This is a very good News…
Thanks Land Bank….
What a good news for us.thank you Mr president