Check out this guide on how to open or apply for a passbook savings account in Metropolitan Bank and Trust Company, or simply Metrobank.
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 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.
**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.
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.
Anton M. says
Thank you, this was very helpful and informative. I was planning to go to the bank to inquire but this saved me the time, fare, and effort.
Carmelita M. Oclarit / Edil O. Luarca Jr says
May i ask if this passbook will also apply as a joint account?
iSensey says
Hi Carmelita, you can apply for a Passbook Joint account in Metrobank, but each account holder must submit complete requirements.
Mark says
Good day…
If magopen po ako ng account (passbook)dito sa manila…kapag po nagdeposit o withdraw ako sa province may charges po ba un?
Thank you
iSensey says
Hi Mark, sa Metrobank merong charges ang inter-branch withdrawal, tapos may charge ang inter-regional deposit, if we are not mistaken P50 ata for deposit, mas malaki sa withdrawal.
Joeric B. Yamugan says
Mam gd ev.poh mag open accnt poh ako kaso po deko alam kong mag kano eddeposet.for besness poh.
iSensey says
Hi Joeric, pumunta ka nalang sa Metrobank para sa choices mo sa account and how much ang opening and maintaining balance ng napili mo na account type. Then aside from the requirements listed on this post, you must also bring your DTI certificate, mayor’s permit etc if gusto mo ang bank account is nakapangalan sa business mo.
Abegail Almanza says
Hi. Halimbawa po, nag open muna ako ng savings for ATM lang muna para 2k palang initian deposit, then pag nakapag decide ako na gawin na passbook, pwede ba yun?
iSensey says
Hindi sya puedeng ma-switch or upgrade. But what you can do pag meron ng sapat na funds is mag open ng separate passbook account. Magkakaron ka ngayon ng savings ATM account at savings passbook account.
analyn castillo says
hello. ask ko lang po kung mag-oopen ako ng passbook regular which is 10k, magkano po kaya kailangang i-maintain na balance para walang multa.? regarding din po sa mga requirements na proof of billings, pwede po ba na wala, kasi po lahat ng bills namin nakapangalan sa husband ko.. thanks po.
iSensey says
Hi Analyn, maintaining balance is also P10K. You can bring your husband’s proof of billing then also bring copy of marriage certificate, sa tingin namin with those additional requirements, papayagan ka na ng banko na mag-open.
Juniel baja says
Hello po ask ko lang po kung puedi po mag aply ng passbook acct na phostal id at company lang meron ako yung proof of billing puedi po ba sa pinsan ko kc taga provence po ako
Salamat godbless you all.
Bhrian Steel says
Hi, Foriegner po yung husband ko at gus2 sana namin mag apply ng joint acct. Ano po bang mga requirements na kakailangan naming dalhin lalong lalo na sa husband kong foreigner?
Thank u & God bless
Cha says
Pano po kung walang maipakita na mga bills dahil nangungupahan lng po. Pwede p rin b mg avail ng passbook?
Juna Atting says
Mipapangalan po ba sa akin pag mag open ako sa anak ko na 7 years old
iSensey says
Hi Juna, “ITF” or In Trust For ang magiging account. Example bank account name: Juna Atting ITF Name-of-your-kid. Mag open ka ng kiddie savers, yun pambata talaga yun.
Shine Bonna Montes says
Nag open account po ako last August 14 2018 dito po s Hong Kong . Pass Book kinuha ko .Ilang days po ba ma’release yung passbook ? Kelangan ko sana gamitin s Pilipinas yung deposit ko .Bbakasyon ako next week . Need advices too
michell ayson says
How much to open account for student and adult? How much open to atm student and adult
james says
hello, can i apply to open an account even though my gvernment issued id is only philhealth and tin
Cath says
Hi, asko ko lang po if yung ofw savings account passbook ay pwede ienroll sa online banking,?
Christine Joy O. Maglangit says
kada buwan po ba kailangan laging P10K ang dinedeposit ko.
Salamat po sa reply.
iSensey says
Hi Christine, hindi po.
Ang 10K ay maintaining balance lang, if laging above 10K ang pera mo sa Metrobank savings account walang deduction sa account. Pero if bababa ka sa 10K total balance remaining, mag cha-charge na ng ‘below maintaining balance” P300 kada buwan. Kaya wag pababaain sa 10K if passbook savings.
If ATM-savings 2k ang maintaining so wag pababa-in sa 2K ang balance sa account.
Dayan says
Tanong ko lng po sana masagot nyo mag open sana ako ng account kaso yung government ID meron ako UMID ska phil-health kaso yung phil-health ko d updated yung address pero yung UMID ko updated na mn pano po ito Papayag po ba yung metrobank?meron na mn ako brgy clearance kung sakali na d nla tanggapin yung phil-health ko.
Clarice says
Hi, what if mag open kami ng boyfriend ko ng joint account then we have target amount for 1 year, then let say after we’ve reached that targeted amount that we need, can we closed that account immediately? Or is there any option we can choose for our plans so its easy for us to decide what Passbook savings account do we need too. Thanks.