For Real Estate Financing
Meridian enables property developers to collect mortgage payments, down payments, and reservation fees directly from buyers' US bank accounts. No more missed payments, no more wire transfer fees.
The Challenge
Real estate developers selling to overseas Filipino workers (OFWs) and diaspora communities face a persistent problem: buyers have US bank accounts but no easy way to make recurring payments to their Philippine developer or mortgage servicer.
International wires cost $25–45 per transaction, take days to arrive, and frequently fail. Buyers miss payments, developers chase collections manually, and both sides lose money to unnecessary fees.
The result is a broken collections experience that erodes buyer relationships, increases developer overhead, and leaks revenue through fees that should never exist in the first place.
The Solution
Meridian enables developers (or their partner banks) to debit buyers' US bank accounts directly via ACH. Monthly mortgage payments, quarterly association dues, down payment installments — all collected automatically on schedule.
Real-time status tracking gives your collections team full visibility from initiation to settlement. Funds are converted at wholesale FX rates and settled to the developer's local account — no manual intervention required.
Products
Three integrated products that cover every stage — from collecting payments out of US bank accounts to settling funds in PHP.
Debit US bank accounts on behalf of overseas buyers. Set up recurring ACH pulls for mortgage payments, automate schedules, and track every payment through the portal.
Learn more →Buyers can also send payments directly to a named US account issued by Meridian. Funds are received via ACH or Fedwire and settled instantly.
Learn more →Once funds are collected, settle to the developer's Philippine bank account in PHP at competitive wholesale FX rates.
Learn more →
The OFW Mortgage Use Case
A Filipino nurse in New York buys a condo in Manila. Her developer uses a bank that partners with Meridian. She authorizes her US checking account for monthly mortgage debits.
Every month, Meridian pulls the payment via ACH, converts to PHP at wholesale rates, and settles to the developer's bank. She never misses a payment. The developer never chases a wire.
3M+
Filipino OFWs in the US
$36B
Annual remittances
$0
Wire fees
Why Meridian
No more chasing wire transfers. Set up recurring ACH debits and collect on schedule — every month, without manual follow-up.
ACH debits eliminate the $25–45 international wire transfer fees that erode buyer payments and create friction on both sides.
Monitor every payment from initiation to settlement through the Transaction Banking Portal. Full visibility, zero guesswork.
NACHA-compliant authorization, Regulation E consumer protections, and a full audit trail built into every transaction.
Talk to our team about your buyer base and collection requirements. We'll show you how Meridian automates the entire process — from ACH debit to PHP settlement.