They also strive to contribute to the development of a measure of the prudential stance, an endeavour that I have always advocated as essential for the conduct of macroprudential policy. Let me spend a few words on this point.
The back-end processing fee normally charged ranges from a low of P100.00 to a high of P550.00 per transaction. In other words, overseas Filipinos will be saving at least P50 to P500 per transaction in remittance fees whenever ABROI members forward the money to beneficiary accounts in other banks.