If you’re an OFW looking for a safe and high-yield investment in the Philippines, the Pag-IBIG MP2 Savings Program is one of your best options. It’s government-backed, tax-free, and has been giving solid annual dividends — often higher than most time deposits or even some mutual funds.
But how can you open and contribute to Pag-IBIG MP2 while abroad? Here’s a simple guide for Overseas Filipinos.
What Is Pag-IBIG MP2?
The Modified Pag-IBIG II (MP2) is a voluntary savings program for active Pag-IBIG members who want to earn more than the regular savings program offers.
It has a 5-year maturity period, and your money earns annual dividends that are compounded or paid out yearly — depending on your choice.
If you’re new to this program, you can check my full guide here:
>> How to Invest in Pag-IBIG MP2
Key features of MP2:
- Government-guaranteed and tax-free earnings
- Minimum savings: ₱500 only
- No maximum limit — you can save as much as you want
- Dividends usually higher than 6% per year (based on historical rates)
Can OFWs Invest in MP2?
Yes! OFWs are eligible to open and contribute to MP2, even if they’re based abroad.
As long as you have a Pag-IBIG MID Number and are an active member (meaning you have contributions), you can start right away.
If you’ve been inactive for a while, don’t worry — you can reactivate your membership by paying your contributions online or through any accredited remittance partner.
How to Open a Pag-IBIG MP2 Account (for OFWs)
You don’t need to go to a Philippine branch. Everything can be done online via Virtual Pag-IBIG.
Here’s how:
- Go to Virtual Pag-IBIG
- On the homepage, click “Be a Member” → “MP2 Enrollment.”
- Fill out the MP2 Enrollment Form
- Enter your Pag-IBIG MID Number, personal info, and preferred dividend payout (annual or compounded).
- Submit and take note of your MP2 Account Number
- You’ll see it on the confirmation page — this is your new MP2 account number.
- Start saving!
- You can now begin sending your MP2 contributions from abroad using any of the payment options below.
How to Pay or Send MP2 Contributions from Abroad
OFWs can remit their MP2 savings through several channels — both online and partner remittance centers.
Here are your main options:
1. Through Pag-IBIG Overseas Remittance Partners
You can pay MP2 via accredited collecting partners and remittance centers, such as:
- iRemit
- Ventaja
- PNB Overseas
- RCBC Telepay
- PayPilipinas
Just tell them you’re paying for Pag-IBIG MP2 Savings and provide your MP2 Account Number.
2. Through Virtual Pag-IBIG (Online Payment)
If you have a local bank or e-wallet linked to Virtual Pag-IBIG, you can pay directly through the site using:
- PayMaya (Maya)
- GCash
- Credit or debit card
3. Through a Family Member in the Philippines
You can also send money home and have a trusted family member pay for you through:
- GCash → Pag-IBIG (via Pay Bills)
- Bayad Center
- SM Business Center
- AUB InstaPay (no login required)
For more payment options, check out this article:
>> How to Pay Pag-IBIG MP2 via AUB (No Login Needed)
How to Check Your MP2 Savings and Dividends
Once you start saving, you can easily monitor your contributions and earnings via:
- Virtual Pag-IBIG account – log in to see your MP2 savings and annual dividends.
- Email notifications – sometimes Pag-IBIG sends dividend announcements or maturity updates.
If you want to compute your potential earnings, try this tool:
>> Pag-IBIG MP2 Calculator
You can also learn the difference between lump-sum and monthly contributions here:
>> Pag-IBIG MP2: Lump Sum vs Monthly Contributions
Tips for OFWs Investing in MP2
- Set a schedule – You can save monthly, quarterly, or anytime you like.
- Use auto-debit if possible – Some banks let you automate your savings.
- Keep your MP2 number handy – Especially when using remittance partners.
- Don’t withdraw early – MP2 gives the best returns if you keep it for the full 5 years.
- Reinvest after maturity – You can open another MP2 account after 5 years to continue compounding your money.
If you ever need to withdraw before 5 years, here’s a guide for that:
>> How to File Early Withdrawal of Pag-IBIG MP2
Sample Scenario
Let’s say you’re an OFW contributing ₱2,000 monthly for 5 years.
If Pag-IBIG’s dividend rate averages 6.5% per year, you could earn roughly ₱390,000+ total savings at maturity — including dividends.
That’s a safe and decent growth for a government-backed program.
Blogger’s Corner
For many OFWs, the goal is to grow hard-earned money safely. The Pag-IBIG MP2 is a great way to do that — it’s simple, flexible, and backed by the government.
Even if you’re thousands of miles away, your MP2 savings can quietly grow for you back home. And when it matures, that’s extra cash for your family, your retirement, or maybe even a small business.
If you haven’t opened one yet, now’s the perfect time to start.