As we grow older, we don’t only think of the basic things that our families need in the meantime, we think of the future- on how we can provide more for the sake of giving them better lives.

Same goes for all OFWs that are risking their lives to work outside their country and give all their best efforts to earn more and give all the support that they can give to their families they’ve left behind.

How to Open Metrobank Savings Account, Metrobank_Savings_Account.png
Tokyo Station Hotel

We wouldn’t want all our efforts and hard works to go to waste, so most OFWs are always up to good investment tips in order to save their money and ensure their families’ future.

And it’s all thanks to Metrobank for opening their company to all OFWs who want to save money even if they are far from their country.

Now through their various programs that aim to show how they value and show how can OFWs’ feel that all their hard works are paying off, they can open Metrobank ATM savings account online and apply for OFW savings account.

Steps on How to Apply for Metrobank Savings Account

  • Go to the nearest Metrobank Remittance Partner in your Country. Inform the bank officer that you’re going to open a savings account.
  • Fill out the Account Opening Form and Deposit Slip for your initial deposit (P2,000 for ATM Savings)
  • Submit the forms and other requirements to the bank officer for verification/validation
  • Once you have your ATM card, the first thing that you need to do is to change your PIN at the ATM machine and you can start your banking transactions with your new Metrobank Savings Account.

What are the interest rates for Metrobank Savings Account?

OFW ET (Electronic Teller)OFW RegularType
Initial Deposit0.000.00
Maintaining Balance0.000.00
Balance to Earn Interest10, 000.0010, 000.00
Interest Rate0.250%0.250%
Below Maintaining Balance Fee0.000.00
Withholding Tax20.00%20.00%

What are the requirements on getting a Peso and Dollar Savings account?

OFW Peso Savings AccountOFW Dollar Savings Account
Kinds: Passbook or ATMKinds: Passbook
Initial Deposit: ZeroInitial Deposit: Zero
Maintaining Balance: ZeroMaintaining Balance: Zero
Interest Rate: Interest earning of 0.25% per annumInterest Rate: Interest earning of 0.25% per annum
Balance to Earn Interest: ₱10, 000.00Balance to Earn Interest: ₱500.00
Conversion to Regular Account: If there’s no foreign inward remittance within 1 year/ 12 months from last remittance / date of account opening (if there is no valid remittance transaction for 1 year)Conversion to Regular Account: If there’s no foreign inward remittance within 1 year/ 12 months from last remittance / date of account opening (if there is no valid remittance transaction for 1 year)
Account Opening Requirements: 1 Valid government – issued ID
or Passport
Account Opening Requirements: 1 Valid government – issued ID
or Passport

42
Leave a Reply

avatar
Photo and Image Files
 
 
 
Audio and Video Files
 
 
 
Other File Types
 
 
 
21 Comment threads
21 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
26 Comment authors
KayleeCassy sumugatMarites pulidoGraceshylie Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
newest oldest most voted
Notify of
Babylin B Mallari

Hi pwede po ba ako mag open ng OFW account kahit nasa United States of America ako ano po ang dapat kong gagawin?

Lei Stevens
Lei Stevens

HI Rocky & Edgardo,
I am in UAE, I got my OFW savings account thru one of the exchange centers.
applying it online, that I am not sure. After getting an account here in UAE I tried registering it online but it won’t let me. I just link it to my savings account that way I can transfer funds.

To Babylyn Mallari, ask your nearest money exchange centers or wherever you are sending your money, usually they have it.
As for me I got it in UAExchange.

Ro
Ro

How to link our new account to our savings account. I tried already. But not working for me.

Joshua C. Valenzuela
Joshua C. Valenzuela

OFW po ako…pwede po ba ako mg open ng account??

Lei Stevens
Lei Stevens

HI Rocky & Edgardo,
I am in UAE, I got my OFW savings account thru one of the exchange centers.
applying it online, that I am not sure. After getting an account here in UAE I tried registering it online but it won’t let me. I just link it to my savings account that way I can transfer funds.

To Babylyn Mallari, ask your nearest money exchange centers or wherever you are sending your money, usually they have it.
As for me I got it in UAExchange.

Ria
Ria

If you already have an existing online account just add your new OFW account so you could see your transactions, but you cannot use your OFW card in UAE, you must activate it first in any metrobank atm in Philippines.

Grace
Grace

How long it will take to activate

EDGARDO IGNACIO
EDGARDO IGNACIO

DEAR SIR/MAAM
OFW PO AKO (KINGDOM OF SAUDI ARABIA)…PEDE PO BA AKO MAG OPEN NG ACCOUNT ANO DAPAT GAWIN…

Lei Stevens
Lei Stevens

HI Rocky & Edgardo,
I am in UAE, I got my OFW savings account thru one of the exchange centers.
applying it online, that I am not sure. After getting an account here in UAE I tried registering it online but it won’t let me. I just link it to my savings account that way I can transfer funds.

To Babylyn Mallari, ask your nearest money exchange centers or wherever you are sending your money, usually they have it.

Rocky Valera
Rocky Valera

Dear Sir/Maam,
Nsa KSA po ako, Pano po mag open ng OFW savings account online?

Thank you.

Lei Stevens
Lei Stevens

HI Rocky & Edgardo,
I am in UAE, I got my OFW savings account thru one of the exchange centers.
applying it online, that I am not sure. After getting an account here in UAE I tried registering it online but it won’t let me. I just link it to my savings account that way I can transfer funds.

To Babylyn Malalri, ask your nearest money exchange centers or wherever you are sending your money, usually they have it.

deng
deng

0.25% per annum?

Do we have a better option? like Fix Deposits???

Edy Ward
Edy Ward

Ms. Lei,
Good day. It means we can’t check the status online, as you have mentioned you’re unable to registered it.

Allen
Allen

Saang branch sa kuwait pwde po akong mag open account for ofw..
DH po ako dito sa kuwait.sana po masagot agad

Cyrine
Cyrine

Hi Allen try to inquire at any metrobank remittance partner in Kuwait
Al Mulla International Exchange Co.
P.O. Box 177, Safat, 13002 Kuwait
Al Muzaini Exchange Co. K.S.C.C.
Al Mubarakiya, Saud Bin Abd Al Aziz Street,
P.O. Box 2154,
Safat 13022, Kuwait

reschel padua ariola
reschel padua ariola

san po aku pwede mag open dto sa doha qatar?i really want to save my money for the future

reschel padua ariola
reschel padua ariola

please help me to have a saving account…
pwede po ba aku mag open sa padalahan?

darz
darz

May dormancy period po ba ito? Kailangan hulugan every year or every six months?

Cyrine
Cyrine

Hi Darz, yes it has dormancy period of 2 yrs, you need to have transaction or else you will charge a dormant fee.

Angelie masangcay
Angelie masangcay

Hi ofw po ako tnung ko lng po pnu magopen savng acount sa bpi ur rcbc and2 po ako kuwait wlng dayof panu po un

Cyrine
Cyrine

Hi Angelie, since sabi mo wala ka day off mas ok na mag save ka na lang muna ng pera tapos pag uwi mo dun ka mag open ng savings account mo.

Ruby
Ruby

May metro bank n dito sa kuwait,san ba puede mag open san ba may branch.

Cyrine
Cyrine

Hi Ruby, try to inquire at any metrobank remittance partner in Kuwait
Al Mulla International Exchange Co.
P.O. Box 177, Safat, 13002 Kuwait
Al Muzaini Exchange Co. K.S.C.C.
Al Mubarakiya, Saud Bin Abd Al Aziz Street,
P.O. Box 2154,
Safat 13022, Kuwait

Mary Ruth L. Sagpatan
Mary Ruth L. Sagpatan

Gudpm po…ask ko lng po ung aswa ko po kc nsa korea ngayun bgo xa umlis nka pgopen xa ng ofw saving account sa poea i think 100php lng ung pgopen..nkaalis po sya dto nung nov.28 2017..nung nandun n po xa ndi nmn pala niya mggamit ung atm so balak po niyang ipdla dto sten..question, pwd ko po kea xang mgamit pra dun irecieve ung padala niya khit ndi pa niya nttry iopen un..by,feb 20,2018 ko mkukuha ung atm niya..

Kaylee

Hi Mary Ruth, as long as the account is active pwede naman, pero mas ok na i try mo muna ung ATM bago sya mag remit para sure.

000000

Hi pede bang malaman kung pede kong hulugan ang atm ko kahit dala ko dto sa saudi ang atm ko? Ah nga pala nag open ako nung sept 2017 ofw savings acct yung ini open ko ok lang ba na hulugan ko yun gang 2years at ito ba ay d mawawala

Kaylee

Hi pwede naman as long as active pa ung account mo, ang ofw savings account dapat may remittance na pumasok at least one with in 12 month otherwise macoconvert ito da regular account.

mary
mary

hi po .. ofw po ako sa dubai .. nag open ako nang account last year month of september 2017 .. hnd ko pa siya nahuhulugan since na nagopen ako .. then balak ko siya hulugan this time .. palagy nyu po ba ok pa namn siyang hulugan ??? kht na di ko siya nahulugan nang matagal …

Kaylee

Hi Mary ofw savings account ba ung account mo? kung ofw account yan pwede pa naman kasi wala pa sya one year dapat may remittance na pumasok sa account mo with a year para hindi ma convert sa regular account.

Sharon rin
Sharon rin

Hi, poh, nag open poh ako Na ofw saving account sa Dubai year 2014 ,nahulugan ko poh hanggang, August, 2015, ngayon poh andto Na poh ako sa Singapore, gusto ko poh sana hulugan ulit pero 2yrs n poh n hnd ko nahulugan, pwde poh pa ba Na mahulugan pa ulit un? Ano poh ba dapat Kong gawin para mahulugan ko ulit ung ATM card ko?

Kaylee

Hi Sharon, check mo kung active pa ung account mo kung ofw account kasi yan maari na convert na sya sa regular account kung two years na walang remmitance. kung active pa maari mo pa yang hulugan.

Marilyn
Marilyn

Hi po,, ofw po aq .. gusto q sna mg open ng sriling acoount ang anak q but he is only 14.. puede po b xa mag apply ng sarili nyang account for remittances.. kc pag moneytrans po nkakatakot n my dla xa n cash ..d kgay s atm paunti unti lang ang kuha,,

Kaylee

Hi Marilyn that’s a good idea pwede na sya mag open ng remittance account nya sa any metrobank branch.

Jay
Jay

Good day Ms. Lei,

Ask ko lang po saan exchange po kayo nag open ng account dito sa UAE? May idea po kayo kung nag oopen ang UAE exchange or Al Ansari?

Kaylee

Hi Jay, both UAE exchange or Al Ansari are metrobank remittance partner just inquire if they have facility to for open account.

lyn17
lyn17

ask ko lang po kung pwede po bang mag open ng account kung nandito po ako sa grand cayman.

shylie
shylie

hi to all …ng open account po ako s pinas ng bank account..then binigay ko s parent ko ung passbook ko..at bumalik ako abroad..pinapahulogan ko nlng dun kht kunti..kya lng hnd nssunod ang montly n hulog…possible kyang deduct kan nila un ng service fee…pag hnd continue.

Kaylee

Hi Shylie, kahit hindi monthly nahuhulugan as long as nasa maintaining balance ung account walang deduction un.

Marites pulido
Marites pulido

Almost 3yrs n po akong d p nk uwi s pinas tapos nghuhulog ako s account ko mb every 3 mos now I try to make balance inquiry. Cancelled n daw pano n po yung n hulog ko dun s account ko

Kaylee

Hi Marites, pano ka nag inquire ng balance saka magkano ung balance sa account mo?

Cassy sumugat
Cassy sumugat

Sa Saudi Arabia Mayron po bang mertobank?

Kaylee

Hi Cassy, wala branch pero may mga remittance partner sila where you can invest and open an account.