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.