The Pinoy OFW

Tips

How to Open a Metrobank OFW Savings Account

As Filipinos working abroad, one of our main priorities is to save money for our families back home. Fortunately, there are banks where we can entrust our hard-earned money and even engage in good investments. One of these is Metrobank, a well-known financial institution.

Aside from catering to Filipinos within the country, Metrobank offers special services for Overseas Filipino Workers (OFWs). Keep on reading to know more about them!

Metrobank offers special services for OFWs.

Guide to Opening Metrobank OFW Savings Account

There are two types of savings accounts that OFWs can open with Metrobank: the OFW Peso Savings Account and OFW Dollar Savings Account. Each type has its own features, as follows:

OFW Peso Savings Account

  • Available in Passbook or ATM
  • Zero Initial Deposit
  • Zero Maintaining Balance (Provided there is at least one valid remittance transaction made to the account within a year; otherwise, it will be converted to a regular account with maintaining balance)
  • Interest rate of 0.25% per annum
  • Balance to earn interest — PHP 10,000

OFW Dollar Savings Account

  • Available in Passbook
  • Zero Initial Deposit
  • Zero Maintaining Balance (Provided there is at least one valid remittance transaction made to the account within a year; otherwise, it will be converted to a regular account with maintaining balance)
  • Interest rate of 0.125% per annum
  • Balance to earn interest — USD 500

How to Open OFW Savings Account with Metrobank
To open an OFW Savings Account, be guided by these steps:

  1. Go to the nearest Metrobank Remittance Partner in your country and tell the bank officer that you would like to open a Savings Account.
  2. Fill out the Account Opening Form and Deposit Slip for your initial deposit (i.e. minimum PHP 2,000 for ATM Savings).
  3. Submit the Forms and Requirements (i.e. Passport or 1 Valid Government-Issued ID) for verification and validation.
  4. For accounts with ATM, change your PIN at the ATM machine once you receive your card.

Save your hard-earned money with trusted banks!

DISCLAIMER: The details presented above are for information-sharing purposes only. To learn more about opening an OFW savings account, please visit the Metrobank official website.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top
error: