Metropolitan Bank & Trust Co. (Metrobank) is one of the premier universal bank and among the foremost financial institutions in the Philippines. Metobank is also listed as a public company in Philippine Stock Exchange.
It is a member of BancNet, a famous bank organization in the Philippines composed of different local banks. Metrobank has also international branches in different countries around the world. Here in South Korea, they have branch in Busan. Just like other local banks such as BDO, BPI and PNB, Metrobank offers Internet, telephone and mobile banking.
Metrobank Savings & Checking Account Interest Rate
Perhaps you have already know the importance of interest rate. Before opening a new savings account at Metrobank, it is very essential that you know how much interest will you receive from the particular amount of money that you will deposit.
In addition, you need also to know the initial deposit, maintaining balance and the balance to earn interest for the type of savings account that you want to open. If you want to know more about that, you can click here to go to the post I published before about Metrobank interest rate and other stuffs.
How to Open a Metrobank Savings Account
When applying for a savings or checking account in Metrobank, it is better to bring complete requirements for faster approval and to avoid hassles. It is also advisable to apply online/Internet banking at the same time when you apply for Metrobank account.
Online banking is a good feature offered by many banks since it will give you access to your account anytime, anywhere as long as there is an Internet connection. Another benefit is that you can pay your bills online if you have online banking account.
In opening a savings or checking account in Metrobank, you need to follow the following tips for quick processing.
1. Decide first what Metrobank branch will you going to open an account. This step is very important because when the time comes you need to go to your bank, it will be easier for you to visit your Metrobank branch if it is near your residence or place of work.
2. Don’t forget to bring ball pen when opening a bank account since you need to fill-up application forms. It is better to have one than to borrow ball pen from other people.
3. Bring complete requirements when opening a bank account.
4. Have enough money for initial deposit which normally range from 500 to 10,000 pesos. It is better to have an initial deposit equal to maintaining balance to avoid fees later.
5. Proceed to new account desk upon arriving in the bank. Tell the bank officer you want to open a bank account. Then he/she will give you application forms; fill it up with the required data completely. Ask the bank officer when you have questions or in doubt.
6. After completing all forms, give your initial deposit together with the application forms and requirements to the bank officer for checking and approval.
7. Get you ATM or passbook after 3-5 banking days.Usually, ATM or passbook will be available for pick-up after 5 banking days had passed.
Wrapping Up
When opening a bank account at Metrobank, you must prepare all requirements before going to the bank like a valid ID, proof of billing, and the initial deposit for your new savings account. A savings account is a good tool to monitor and save your money if coupled with an Internet banking service so make sure to apply also for that one.
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i was planing to apply an atm account jan sa pinas kya lang 3 days lang ang bakasyon ko makukuha ko ba agad yong atm card before 3 days?…..o yong deposit ba na 2,000 e pde ko pa ma wedraw for how long po…..?
Hi, i want to open account in metrobank but im here in united states. what im gonna do? while im here in united states.thanks.
I already have a savings account with Metrobank, the thing is, I’ve changed locations and it would be hard for me to go to the branch where I opened my account. Are you allowed to have multiple accounts under the same name but in different Metrobank branches? Or do I need to close my previous account first before I can open a new one in another branch?
How can I open a savings account in the Philippines with out having to leave Honolulu,HI? I have rental income their and need a place to deposit the funds.
Good day po, ask ko lang po kung magkano ang initial deposit ng savings account yun pong my passbook at atm card, thanks po, GodBless..
hi,
tanung ko po sana ,if mag open ng account d2,mag issue po ba kau ng IBAN NUMBER,BIC CODE AT SWIFT CODE?
THXZ
Hi Ginalyn,
Metrobank Swift Code : MBTCPHMM
Metrobank Routing # 026002846
IBAN number is not being used by all Philippine Banks. It is only used by European banks.
hi gil,
wt are the terms and conditions when opening a metrobank passbook account? wt if i wouldnt be able to maintain the balance? wht will happen? how much will i be charged? tnx!!
tanong ko lang po.gusto ng mr ko ilipat ang pera nya na pounds sa account ko.kaso lang gusto nya pounds din dapat ang equivalent ng pera nya sa account ko.kaso nga lang dollar account lang ang myron ako.pano po ba yon?kc ayaw nya na ung pounds nya matransfer sa dollars.
Hi Lyn,
Just inquire it at Metrobank branch near your area.
BAT SA MAY BOOTH SA MARIKINA CITY ANG PAG OPEN NG ACCOUNT IS 200 PESOS ??
TRUE PO BA YUN ??
MAGKANO PO BA UN MINIMUN NA DAPAT NA LAMAN NG ATM O ACCOUNT ?
hi just want to ask po kung pwde naba ang P2000 pag-open ng account at magkano po ba ang interests…thank you so much po
Hi Bhaby,
Yes, you can open an ATM account at Metrobank for P2,000 but no interest.
It is only for initial deposit and maintaining balance.
Hi Mr. Gil,
I just want to base my question from your reply to Ms. Dinna’s comment. Here it goes:
Hi Dinna,
I recommend BDO because you can link your savings account to buy mutual funds or stocks in case you consider it in the future.
Metrobank has also international bank.
To learn time deposit, visit this one: http://learnfinancialeducation.com/category/time-deposit/
Dinna asked which bank is better, BDO or Metrobank and you recommend BDO for you can link your savings account yo buy mutual funds or stocks. Is it only BDO who offers this service? I already have a BDO account and I also engage in TD, UITF, and MM. I’m considering of opening an account(s) on other banks but I’m looking into a bank that’s with the most convenient way/means in linking your savings account to other special accounts that the bank offers. Do you know of other banks that offer similar services with that of BDO in terms of linking to special accounts as well as banks that offer high interest rates? Thank you.
Hi Sob,
Sorry for the late reply..I’m using BPI and Metrobank.
I think these two are better than BDO according to some of the comments I received from visitors of this blog.
You can link also savings accounf of BPI and Metrobank to your MF, stocksand UITF..
Hi Im inquiring about opening an account from canada to philippines, and what are requirements. Thank you very much
Hi Sally,
Normally, you should visit the bank in person to open an account. If you’re in Canada, you may try BPI Direct because it is the only one I know with online application in selected countries like US.
I know they are strict in this rule..and your relative cannot open an account using your name.
Hi Im inquiring about opening an account from australia to Philippines, can I open it from australia and what are the requirements I have to send documents. Thank you
Hi,
Normally, you should visit the bank in person to open an account. However, you may try to contact them by calling their int’l number.
I know they are strict in this rule..and your relative cannot open an account using your name.
mag kano po ba ang ang pag open ng atm account?and anu po ang mga requirements?
You can find requirements here: http://learnfinancialeducation.com/requirements-for-opening-a-bank-savings-account/
Metrobank has P2,000 initial deposit.
Hello Gil!
I used to have an savings acc. on Metrobank almost 5 years ago, when I left the country I forgot to close it acc. and there was nothing left in there. Are they gonna close it after how many years that hasn’t been active? Is there anything that I shoud do or just leave it alone since it was long time ago?
Thank you!
Hi Gil, I would just like to ask… What is the most popular Philippine bank in south korea? most number branches all over south korea?
Hi Jay,
Metrobank has branches in Busan and Seoul, I think its the most popular Phil banks here.
I don’t see or know other Phil. banks operating here.
gud day nagopen po ako ng atm account pero hindi ko po alam kung anung account number ko..san po ba makikita un or makukuha?..thank you
Hi John,
Normally you can open the account number at the back of the ATM card or in the envelope containing your card.
I have a passbook SA in metrobank. however, i want to close it already since i badly need the money. i still have 31k saved in it and i am planning to withdraw all of it. i know that if your balance becomes less than 10k, they will charge you with fees.
would u know if they will still charge u for closing an account or is it ok to just withdraw all of the money? because i dont want to have a bad record in metrobank so if there’s a proper way of closing it then it’s better
Hi RJ,
There’s no fee when closing a bank account. Just simply withdraw all of your money and it will automatically close.
ano pong bank ang pwd ako mg open s halagang 2k lang? kasi i have a friend abroad my itatransfer daw sya sa akin n amount pro i dont have yet account right now..
pls answer me i need your help..thanks
hi ask ko lang po mka pag open n po ba ako uli ng account kahit s halagang 2k lang?(for ATM)
Hi Joy,
You can apply for Metrobank E.T savings account (ATM card only), no passbook for P2,000 initial deposit.
hi…my remittance card ako kaya lang di ko po sya na activate sa pilipinas pwede ko b sya gamitin dito sa korea?or i activate dito?
Hi Jaco,
You can try to activate it here because I know there are some Metrobank branches in Busan and Seoul.
i want to re-open my metrobank account,but i forgot my password,paano po b?valid p b ung account ko?since 4 years ago nang close un?andito po ako sa korea,at gusto kong ipadala ko dun ung savings ko,help me pls..
Hi Tina,
If it is close 4 years ago, you cannot open or make it active anymore.
You need to open a new Metrobank account by going to the bank.
hi i just want to ask how many interest monthly is the charge if i want to open a saving account….example my initial deposit is 20,000,00… im a ofw
Hi Richelle,
The interest rate per year is 0.5%. So per month is: 0.5/12 = 0.042%.
If you wan to earn more for your money, learn mutual funds here: http://learnfinancialeducation.com/category/mutual-funds/
ano po ba yung time deposit??
gusto ko pong mag open ng savings account? ano po yun mas maganda BDO or Metro bank? may international bank ba ang metrobank?? reply thanks..
Hi Dinna,
I recommend BDO because you can link your savings account to buy mutual funds or stocks in case you consider it in the future.
Metrobank has also international bank.
To learn time deposit, visit this one: http://learnfinancialeducation.com/category/time-deposit/
ANU ANG DADALHIN NA REQUEMENTS PAG MAG REGESTER NG SAVINGS ACCOUNT IAM 19 YEAR OLD AND IAM STUDENT… ANU ANG REQUERMENTS…PO PLS ANSWER ME
how to open account in metrobank????what is the initial payment to regester….or how to regester….may bayad ba mag pa regester???? magkano..ang bayad….GUSTO KO PO KASI MAG OPEN SIVINGS ACCOUNT….
Hi Jhay,
If you want to open a savings account in Metrobank, you should have at least two valid IDs, a billing statement and initial deposit of P2,000.
You can see the the valid ID in this article; http://learnfinancialeducation.com/requirements-for-opening-a-bank-savings-account/
is it okey if my monthly deposit is just 1000 I will not withdraw it any way until my savings is already big I want to save including my 13th month pay
Hi AJ,
It’s a good idea to save 1,000 a month. It’s very OK.
But remember the interest is only 0.5% per year.
thanks Gil!!
Hi Gil,
I live in Sweden for 5 years and i haven’t deposit some money to my ATM account(metro bank. Is it possible that they will close my account even if i ahve enought balance?thanks
Yzaa
Hi Yzaa,
Some banks will close an account for inactivity.
I’m not sure if you make deposits or withdrawal for your account for the last 5 years.
To make sure why you don’t call your branch to know if it is active or not.
Last two years i live in cavite and i get a postal id there,but im living now here in manila and i get Tin number here….is it possible that i can open an account here in manila even my postal id and tin number had a different address?thats the only ID’s i have..
Hi Jenefer, I think just tell the bank officer about your condition. I think they will allow it.
I live in the USA I plan on retiring in the Philippines in a few years I would like to know what I need to bring from USA to open a savings account? Or am I even allowed to have a savings account there? Thanks for any advice.
anu po bang mga requirements para makapagopen ng new join accounts sa metrobank.
Hi Mavel,
Just bring two valid IDs for each applicant and to make it sure one billing statement.
hi gil,can you tell me if, next to my account in Metrobank in pesos, I can open an account in euros? and what do I have to do for that , except depositing euros of course, will it be under same (pesos) accountnumber?thank you
inquire ko lng kung magkano maintaning balance ng atm, tnx.
Hi Ian,
It’s P2,000 for ATM savings account.
Hi, I do have an ATM account and would like to enroll for internetbanking, do I need to go to the metrobank branch where I opened my account(las pinas) or can I enroll in Pasig city branch as well? Thanks in advance..
Hi Janette,
You should visit the branch where your account is opened, in las Pinas.
how much the initial deposit?
Hi Romeo,
The minimum initial deposit for ATM account is P2,000, for passbook it’s P10,000.
Hi it can be possible i can open my saving account even Im here in abroad as far I know one of the requirements is personal appearance. Glad to heard any feedback from this matter.Thanks in advance
Hi Francy,
You should visit the bank personally because you will sign a signature specimen card.
But if you would like to apply bank account online, you can visit BPI direct, they allow online application
from countries like Bahrain, Hong Kong, Italy, Spain, UAE and US.
in addition to my question, can i withdraw some money over the counter while the bank haven’t issued my atm yet? thanks again
hi mr.gil,
my fiancee open an atm account for me, he applied it in Manila, and i will claim the atm card here in my province. would that be possible? how long will it take? can i get the card as early as 5 banking days?
Hi lee,
You can give your fiancee authorization letter to claim your ATM card.
I think you can only claim your atm to the branch where you open the account after 3 days in case for Metrobank based on my experience.
You cannot get your ATM in other branch..
hi mr.gil,pwede ba ako mag open account kahit 17 years old pa po ako?ano po ang mga requirments para makapag open accnt.po ako? thanks po
Hi Jessa,
Yup, you can open an account.
You only need two valid ID like school ID, NBI, postal ID.
You can see requirements here: http://learnfinancialeducation.com/requirements-for-opening-a-bank-savings-account/
Greetings Mr. Gil, I wonder if Metro bank has an e-mail address where your clients can send incidence report (IR) or complaints about an employee’s misconduct. Thank you and I hope you will enlighten me on this matter.
Hi Jep,
Please check the link: http://www.metrobank.com.ph/contact_us.asp
I hope that helps.
Good day Mr.Gil! How much is the initial deposit to open a U.S. dollar account because my father wants to have a wire transfer from Cayman Island to Philippines? Would that be possible for me to open my account. And do you have any affiliated bank here through Cayman Island? Thank you for your soonest reply about this matter.
I have a savings account in your bank and i would like to know how to track down the transactions from my account. Hope you can give me an idea about it. Thanks.
If you want to track all transactions, you need to apply for metrobank online banking.
In this way, you can view your account online, anywhere and anytime provided you have internet.
hi! i dont have work but my uncle give me money can i open an account in order to save it?
Yes, you can. It is a good idea to open a bank account to save money. do it quickly!
How to open a checking account? what are the requirements. thank you so much!
You need to have a savings account at least 3-6 months before you can apply for checking account.
You can visit your branch to confirm this because sometimes they frequently change the requirements.
good day MR. Gil. my husband is an OFW. He want me to open an account in Metrobank for OFW remittances. Is it possible that the Account name will be mine instead of him since he is the OFW? and what are the requirements? thanks for your soonest reply
Hi Mhar,
Yes you can open an account. You only need a two valid ID and 1 photocopy of each and a P2,000 for initial deposit for ATM account..That’s based on my experience..
Hi!I have a passbook account at metrobank can i withdraw in any branch.Do they charge if it’s an interbranch transaction.thanks…
I’m not really sure if they allow withdrawal from passbook in other branch aside from your branch because I don’t have passbook account.
You can contact Metrobank directly to answer your questions.
Mine is only ATM account with online banking. I can withdraw anytime in any ATM machine.
I’d like to open a checking account. I just inquired with a couple of banks and they are requiring that you should have at least 6 months before you can get a checking account. How long will it take to have a checking account with Metrobank?
Normally, they require you to have at least 3-month old savings account.
Because of many bouncing checks reported.
hi i work in other country, is it possible that someone going to open a savings account for me in the philippines? or could i open it through internet? thank you!
Tell your relatives to get application forms for you then send it to you by mail. after that you can, send it back to the Philippines.
Make sure you have complete requirements and fill up all forms and signature cards.
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