Rizal Commercial Banking Corporation (RCBC) has announced the waiver of fees on transfers via its US virtual accounts to support overseas Filipino workers sending remittances home.
The Rizal Commercial Banking Corporation (RCBC), a leading Philippine bank, has officially announced that it will waive fees on transfers made through its US virtual accounts to the Philippines. This initiative aims to ease the cost burden for overseas Filipino workers (OFWs) and their families by making money transfers more affordable and accessible. The move is part of RCBC’s commitment to support the Filipino diaspora and bolster remittance flows, which play a crucial role in the country’s economy. The bank encourages Filipinos in the United States to take advantage of this offer when sending money to relatives in the Philippines. This measure was reported by Fintech News Philippines and reflects ongoing efforts by financial institutions to facilitate smoother and less costly remittance services amid global economic challenges.
Sources referenced:
- https://news.google.com/rss/articles/CBMijAFBVV95cUxQczZhWGFjekRFM1FteEo1NFB0SEx0NTlVRDloem8yUjh2OXprNlBnRUgzdGk2UTU4emZ1emdpR3ZGcWhfNW9nM292ejhmTTltbGVNdThZYUVSMmZGd0p5c210bUQtTmZrWDlvM1hwV0xMU2UtTHFHbnVoUG9uX3J4NTdqMVl3NGxDWjlURA?oc=5