Metrobank Savings Account

1. Metrobank Online Account
2. Metro Bank Account
3. Metrobank Savings Account With Insurance
4. Metro Bank Savings Account
5. Metrobank Savings Account Passbook

Check out this guide on how to open or apply for a passbook savings account in Metropolitan Bank and Trust Company, or simply Metrobank.

What you need to know when opening an account You only need to ready a few items when you open an account at any Metrobank branch. You will be required to submit one valid, photo-bearing ID with your signature. The following are the acceptable identification. I have 2 years inactive bank account. I don't know if my metrobank deposit account has a remaining balance. I receive a letter from Metrobank for dormant account. I'm worried if how much service charges/penalties they would impose to that account. I'm worried also if I will be arrested for the penalty if I'm going to the bank. Metrobank Savings Account The rate applies to the 'Passbook Savings Account' product by Metrobank which is an interest bearing deposit account that requires an initial deposit of P 10,000. It has a passbook and requires a maintenance balance of P10,000 as well as P10,000 balance to earn interest. At the end of the term, your Fixed Term Savings Account will automatically be closed and your money will be transferred to a Metro Bank Current Account or nominated savings account. This happens on the day before the date you opened the account - so if you opened a 3-year account on 1 April, it would mature on 31 March 3 years later. Dormant Account: If you do not do any transactions through your savings account for more than 24 months, the account will be classified as 'Dormant'. How do I reactivate my deactivated debit card? When you call to report your card lost/stolen, the bank will immediately suspend the card.

There are depositors who prefers opening a passbook account versus opening a savings account with an ATM card. The reason cited is that it is a bit more hassle to withdraw money from your passbook account since you have to physically visit your branch, so this might discourage you in the end to withdraw cash. And thus, be in better control when it comes to saving money.

As opposed to having a counterpart ATM card for your savings account wherein you can just go to any ATM machine that abounds in malls, business centers, etc. and be able to withdraw even if it’s a holiday.

Do you also prefer opening a Passbook Savings Account?

If you do, and wants to know what are the Metrobank passbook requirements, check below.

Here in iSensey we will be posting opening requirements for savings account with passbook for BDO, BPI, PNB, Security Bank, and other bank in the future.

These are the types of passbook accounts available in Metrobank:

• Passbook Regular
• Passbook Commercial
• OFW Regular
• Fun Savers Club
• SSS Pensioner Regular
• US Pensioner Regular

Metrobank Online Account

Metrobank Passbook Application Requirements

INITIAL DEPOSIT Requirement

• Passbook Regular – P10,000
• Passbook Commercial – P10,000
• OFW Regular – P0.00
• Fun Savers Club – P500
• SSS Pensioner Regular – P100
• US Pensioner Regular – P500

***For Metrobank OFW Open Account you can choose either OFW Peso Savings Account or OFW Dollar Savings Account passbook or atm.

REQUIRED ID METROBANK PASSBOOK

• 2 Valid IDs – government issued IDs like Driver’s License, UMID, SSS Card, Passport, PRC License, etc.
• Utility Bill as proof of billing that shows your name and address like Electricity, Internet, Credit Card, Phone bills, etc.
• 2 ID pictures (2×2)
• SSS Number or TIN Number

*Student are exempted from providing SSS or Tin number.

*Photocopy your IDs – Although most branch have their own photocopying machine but just photocopy so you are ready and won’t need to come back in case the branch you visit doesn’t have one or their photocopier is defective as of the moment.

Metro Bank Account

**If you don’t have a government issued IDs, some Metrobank branches are very strict and won’t allow you to open a passbook account or ATM. But some branches with more friendlier staff considers, provided that you will bring multiple documents like NSO Birth Certificate, Barangay Clearance, Postal ID, Philhealth Card, TIN ID card, etc.

Metrobank Savings Account With Insurance

Just bring as many documents you can, the bank’s staff might allow you. Or call ahead the Metrobank branch of your choice and ask for guidance and give them the list of available IDs or documents that you already have with you. This way you’ll know if you lack some passbook requirements, or can already open a new savings account.

Once the requirements are complete, visit the nearest Metrobank branch where you live, submit the required IDs and docs, accomplish the required account opening forms including the signature cards, give the initial deposit. You will go home with your savings passbook after account opening.

*If you have chosen ATM savings account, you need to come back after 5 to 7 banking days to claim your Metrobank ATM card.

Closing your bank account, like for example, your Metrobank bank account, is crucial if your ATM card or Passbook has been stolen, lost or if an unauthorized person accessed your bank account.

Metro Bank Savings Account

Here are 2 (two) options in closing your Metrobank bank account:

Option 1

Option 2

Another option is to withdraw all your money

Metrobank Savings Account Passbook

from your Metrobank bank account. It will be closed automatically after two years of being inactive (dormant).
Note: You can open a new Metrobank bank account if you want to in another branch. Or you can re-open your inactive bank account but you must pay service charges (for dormant account and below maintaining balance).
Do you want to close your Metrobank bank account? You can tell us the reason(s) in the comment below.