Multi-Trade, a Bank of the Philippine Islands tie-up company

September 08, 2010 20:16 ET

Bank of PI to Award Pinoys Php2.8 Million Remittance Prizes

Remit and Win in BPInoy '2010 Panalo sa Padala' Philippines Promo

Attention: Assignment Editor, Business/Financial Editor, City Editor, News Editor, World News Editor TORONTO, ONTARIO, REMITTANCE TO PHILIPPINES UPDATE--(Marketwire - Sept. 8, 2010) - Remitters to the Philippines can win one of 20 grand prizes (Php100,000 each), announced Multi-Trade, a Bank of the Philippine Islands tie-up company, in Toronto.

'BPInoy Remittance,' (pronounced "be Pinoy," be a true Filipino) is a wholly owned subsidiary of the Bank of PI, the oldest bank in Southeast Asia and considered one of the most stable and respected financial institutions in the Philippines. Its experience and track record with more than 800 branches and 1,600 ATMs nationwide back up BPInoy Remittance's service to Filipino Canadians and expatriate Filipinos worldwide. This made BPl the Top Commercial Bank for Overseas Filipino Workers remittances for three consecutive years (2005-2007) and received the first ever Hall of Fame citation by the Bangko Sentral ng Pilipinas (BSP), the Philippines' central bank.

On September 13, twenty winners will be drawn for consolation prizes of Php10,000. Twenty winners each month will be drawn on October 12, November12, and December 10. On January 12, 2011 twenty grand prize winners of Php100,000 each will bring the prizes given away by BPI to a total of Php2.8 million (over $43,000 Canadian).

The "2010 Panalo sa Padala Promo," BPI's way to strengthen its ties with the Overseas Filipino community, is meant to promote remittances via direct credit to accounts (CTA) to a BPI Direct (virtual bank), Bank of PI, or BPI Family Savings Bank account. operates in Toronto, Ontario with clients from as far as British Columbia and Saskatchewan provinces, sending their remittances through Interac. Remittances are received 24/7 and are batch processed in the early evening Toronto Time. Funds can be withdrawn in the banking machines in the Philippines in the early morning hours Philippine Time. Weekend remittances can be withdrawn same weekend without waiting for Monday.

Contact Information

  • Vir Alvaran, Managing Partner, Multi-Trade
    Primary Phone: 647-201-5308
    Secondary Phone: 905-669-5308