OFWs prioritize financial preparedness after overseas work

MANILA – More overseas Filipino workers are preparing for life after working abroad by focusing on financial preparedness, including saving, investing and building sustainable sources of income, according to BDO Unibank.

The trend took center stage during the recent OFW Kabuhayan Expo 2026, where BDO Unibank and remittance partner Xoom joined government agencies, financial institutions and private organizations in encouraging overseas Filipino workers (OFWs) to strengthen their long-term financial plans.

The annual expo showcased programs designed to help migrant workers transition from overseas employment to sustainable livelihoods in the Philippines, reflecting a growing emphasis on financial resilience after years of working abroad.

“We want to help OFWs make the most of every remittance—not only to support their families today, but also to build lasting opportunities for the future,” BDO Senior Vice President and Remittance Head Genie Gloria said in a statement.

BDO said its participation focused on helping OFWs maximize remittances through saving, investing and entrepreneurship, rather than viewing remittances solely as a source of household income.

The bank said its collaboration with Xoom formed part of broader efforts to promote financial literacy and preparedness among migrant workers as they plan for eventual reintegration into the local economy.

The Philippines remains one of the world’s largest sources of migrant workers, with remittances continuing to serve as a major driver of domestic consumption and economic growth.

Financial institutions have increasingly expanded programs aimed at helping overseas Filipinos convert overseas earnings into long-term assets and income-generating ventures.