Senate Bills 1917 and 1910 seek to shield OFW remittances from excessive bank charges and provide free financial education to help migrant workers manage their income more effectively. SB 1917, or the OFWs’ Remittance Protection Act, requires remittance service providers to clearly disclose all fees and foreign exchange rates to prevent unreasonable deductions on remittances. SB 1910, or the Free OFW Financial Education Act, meanwhile, requires migrant workers to undergo free and comprehensive financial literacy seminars covering investing, savings and consumer protection before departure and after arrival. It is about dignity, security and giving our OFWs the tools to thrive both abroad and at home,” he said. Financial literacy programs will be implemented by the Department of Migrant Workers and the Overseas Workers Welfare Administration.

Source: Philippine Star March 16, 2026 16:35 UTC