• Metrobank Savings Account

    When you open a savings account, you are taking the first step towards becoming financially independent. You can open a savings account for easy accessibility of funds, to start building wealth to use the funds in times of emergencies, to accumulate funds for investment, and to save for things you wish to purchase. Metrobank offers different types of Savings Account that let you earn interest.  

    Features and Benefits

    Following are the various features and benefits of Metrobank Savings Account:

    • Children are allowed to open a savings account as well.
    • Minimum balance required to open a savings account is low.
    • You can access the funds through the ATM or debit cards.
    • You can open a foreign currency savings account. You can open an account in 8 different currencies.
    • You can track your savings through the passbook.
    • You earn a higher rate of interest.
    • You get PDIC coverage of up to P500,000.

    Types of Metrobank Savings Account

    Following are the various types of Savings Account offered by Metrobank:

    1. Passbook Savings Account

      This account helps you hold on to our money while letting it grow. This is an interest-bearing account. You can keep track of the account through your passbook. The amount can be deposited by presenting your passbook, cheque or cash over-the-counter, or using deposit slips.

      Minimum initial deposit

      P10,000

      Minimum maintaining balance

      P10,000

      Balance required to earn interest

      P10,000

    2. Metrobank Debit or ATM Savings Account

      The funds you deposit in this account can be accessed at any time. This card comes with an ATM card. You can conduct numerous transaction with Metrobank ATMs. You can pay bills and shop at point-of-sale terminals, etc. You can use this account when you are on the go at any part of Philippines. It is an easier way to carry cash.

      Minimum initial deposit

      P2,000

      Minimum maintaining balance

      P2,000

      Balance required to earn interest

      P10,000

    3. MetroDollar Savings Account

      This account lets you deposit your money in Dollars. You also earn the interest in Dollars.

      Minimum initial deposit

      USD500

      Minimum maintaining balance

      USD500

      Balance required to earn interest

      USD500

    4. Other Foreign Currency Savings Account

      You can also save your hard-earned foreign currency and earn interest in the same currency. This account is available at selected branches.

      Currency

      Minimum initial deposit

      Minimum maintaining balance

      Balance required to earn interest

      Sterling Pound

      GBP600

      GBP600

      GBP7,000

      Japanese Yen

      JPY50,000

      JPY50,000

      -

      Swiss Franc

      CHF2,000

      CHF2,000

      -

      Euro

      EUR500

      EUR500

      -

      Australian Dollar

      AUD1,000

      AUD1,000

      AUD1,000

      Canadian Dollar

      CAD2,000

      CAD2,000

      CAD2,000

      Singapore Dollar

      SGD500

      SGD500

      SGD500

      Chinese Yuan

      CNY3,500

      CNY3,500

      CNY3,500

    5. Fun Savers Club

      This account lets you teach your children the importance of saving. This account is meant for children and teens below 18 years. You get a welcome gift when you open an account. You also get free educational trust benefit which is worth P50,000. Personal accident insurance is offered that is double the average deposit balance and it doesn’t exceed P1 million. You also get privileges and discounts from the partner establishments.

      Minimum initial deposit

      P100

      US100 for Dollar account

      Minimum maintaining balance

      P500

      USD100 for Dollar account

      Balance required to earn interest

      P4,000

      USD200 for Dollar account

    6. OFW Peso Savings Account

      This is a basic savings account that can be opened by Overseas Filipino Workers. The foreign currency you deposit will be converted to Pesos. This is helpful as your family members will not have to change the currency. The account can be tracked through a passbook. This account comes with passbook or an ATM.

      Minimum initial deposit

      Zero

      Minimum maintaining balance

      Zero

      Balance required to earn interest

      P10,000

      The account can be accessed through Megalink, Bancnet, Maestro-Cirrus ATMS, and Expressnet ATMs. It can also be accessed through Metrobank Direct. You can pay the bills and make balance inquiry on Metrobank Direct.

    7. OFW Dollar Savings Account

      This account is for the Overseas Filipino Workers who want to keep their money in Dollars. The account can be monitored through the passbook.

      Minimum initial deposit

      Zero

      Minimum maintaining balance

      Zero

      Balance required to earn interest

      USD500

      Metrobank Savings Account Eligibility Requirements

      The Metrobank savings account can be opened by:

      • Resident.
      • Individual.
      • Children between the ages of 0-18 can open a Kiddie Savings account.

      Documents Required for Metrobank Savings Account

      You will have to submit the following documents:

      • 3 copies of pictures.
      • The government issued valid ID card.
      • Initial deposit.
      • Proof of billing.

    Metrobank Savings Account Interest Rates

    Following are the interest rates offered for the various Savings Account:

    Passbook Savings account

    0.25% p.a.

    Metrobank Debit or ATM Savings account

    0.125% p.a.

    MetroDollar Savings account

    0.25% p.a.

    Other Foreign Currency Savings account

    Japanese Yen – 0% p.a.

    Sterling Pound – 0.25% p.a.

    Euro – 0% p.a.

    Swiss Franc – 0% p.a.

    Canadian Dollar – 0.25% p.a.

    Australian Dollar – 1% p.a.

    Chinese Yuan – 0.25% p.a.

    Singapore Dollar – 0.025% p.a.

    Fun Savers Club

    0.25% p.a.

    0.125% p.a. for Dollar account

    Passbook Savings account

    0.25% p.a.

    OFW Peso Savings Account

    0.25% p.a.

    OFW Dollar Savings Account

    0.125% p.a.

    The withholding tax is 20%.

    Fees and Charges

    Following are the applicable fees and charges:

    Below minimum monthly balance fee

    P300

    Below minimum monthly balance fee for commercial savings account

    P500

    Below minimum monthly balance fee for MetroDollar Savings

    USD5

    Below minimum monthly balance fee for other foreign currency savings account

    Japanese Yen – JPG150

    Sterling Pound – GBP1

    Euro – EUR5

    Swiss Franc – CHF2

    Canadian Dollar – CAD4

    Australian Dollar – AUD1.50

    Chinese Yuan – CNY35

    Singapore Dollar – SGD5

    Below minimum monthly balance fee for Fun Savers Club

    P300

    USD5 for Dollar account

    How to apply for Metrobank Savings Account

    You can apply for a Metrobank Savings Account through the following ways:

    • Phone: You can call +632-8700-700 or 1-800-1888-5775 to know more about the account and find out the process to apply and initiate it.
    • Face-to-face: You can find the closest Metrobank branch online. You can visit the branch and meet with the bank representative and learn more about the account before applying for it.

    Metrobank Savings Account Hotline Number

    You can reach Metrobank at +632-8700-700 or 1-800-1888-5775. You can also send an email to service@EastWestbanker.com.

    Metrobank Savings Account FAQs

    1. How can I access my funds deposited in the Metrobank Savings account?

      You can access the funds deposited in the Metrobank Savings account through ATM or Debit cards.

    2. What are the different currencies with which I can open a Foreign Currency Savings account?

      You can open a Foreign Currency Savings account in Sterling Pound, Japanese Yen, Swiss Franc, Euro, Australian Dollar, Canadian Dollar, Singapore Dollar, and Chinese Yuan.

    3. What are the benefits of opening a Fun Savers Club account?

      When you open a Fun Saves Club account, you earn interest on the amount deposited. You also get educational trust benefit and personal accident insurance. The account can be opened in Pesos or Dollars.

    4. Can Overseas Filipino Workers open a savings account?

      Yes, Overseas Filipino Workers can open a Peso or Dollar savings account. There is no minimum initial deposit balance and minimum maintaining balance requirement for these accounts. 

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