Home Allotments & Special Remittance
Q. Can my family
receive my monthly home allotment in US Dollars?
A. Yes, providing that you have opened a US dollar bank
account for us to remit the money in to.
do you ensure that we get the best US$/Peso exchange rate?
A. Allotments requested in Peso are paid at the rate of
exchange indicated in the credit advice of local authorized
Philippine Bank. BSM-CSC-PH monitors the daily fluctuation and
checks with other local banks in order to obtain the best
possible exchanged rate for you.
can my family know when the monthly home allotment has been
A. From this website or by contacting our Account Dept.
I send a special remittance to my family whilst on board?
A. Yes, through the Master. If you request your special
remittance to be paid at the same time as you home allotment,
please make your request early. It has always been our policy
that we will send the money on to your beneficiary as soon
as we receive a written request from the vessels.
Final Wage Accounts
Q. Can I receive my Final
Wage Accounts in Dollars in Manila?
A. Yes, and we actively encourage
our seafarers not to carry home large amounts of cash from
the vessel. Your balance of wage can be paid in US Dollars
here in Manila as soon as you arrive home – it’s
safer for you.