MANILA – The Senate approved on third and final reading a measure aimed at equipping overseas Filipino workers (OFWs) and their families with financial literacy, ensuring their earnings are protected and used wisely.

Sen. Raffy Tulfo, sponsor and author of Senate Bill No. 1910, also known as the Free OFW Financial Education Act, said the legislation is designed to help OFWs manage, grow, and safeguard their hard-earned money.

“Our OFWs are our modern-day heroes. They work tirelessly abroad to provide for their families, often facing risks and uncertainties. This measure ensures that their hard-earned money is not just sent home—it is protected, wisely used, and invested for a better future,” Tulfo said.

The bill mandates that all OFWs undergo financial literacy seminars as part of Pre-Departure Orientation Seminars (PDOS), Post-Arrival Training Seminars (PATS), Pre-Migration Orientation Seminars (PMOS), and family learning sessions. These trainings will cover money management, investing, consumer protection, and entrepreneurship, and will be free of charge.

The measure also provides online access to financial advisors and certified counselors, giving OFWs and their families guidance wherever they are. Funding for the program will be allocated through the annual General Appropriations Act (GAA) to ensure sustained implementation of the national plan.

“Financial literacy is more than managing money. It is about dignity, security, and giving our OFWs the tools to thrive both abroad and at home,” Tulfo added.