How to Open a Bank Account in Metrobank Philippines

“You’re in good hands with… if you are fun of famous brands, slogans or taglines in the Philippines, you surely knew that the final piece for this slogan is… Metrobank”. Metrobank promises to live up to that saying, and that is probably the reason why they are dedicated to product quality, service excellence, solid work ethics, and good governance. My personal banking experience on different banks here in my province tells that only Metrobank security guards greet me a “good morning or afternoon” when I enter their premises and deliver their warm “thank you” when I leave their doorsteps. Well, it may be a little thing for a common client like me, but it does have a great effect especially when maintaining great business relationships – that is what we called a good customer service.

Founded in September 5, 1962, Metropolitan Bank & Trust Co. (Metrobank) has since become the premier universal bank and among the foremost financial institutions in the Philippines.  It offers a full range of banking and other financial products and services, including corporate, commercial and consumer banking, as well as credit card, remittances, leasing, investment banking and trust banking.  Metrobank currently spans a consolidated network of over 1,200 ATMs nationwide; over 730 domestic branches; and 42 foreign branches, subsidiaries, and representative offices. Metrobank has already been a recipient of several prestigious awards, establishing its excellence and leadership in the banking industry. Among these several awards for 2010 are Bank of the Year in the Philippines (The Banker), Best Domestic Bank in the Philippines (Asiamoney), Best Bank in the Philippines (Euromoney Awards for Excellence) and Gold Trusted Brand Award -Bank (Reader’s Digest). Now, if you are planning to save your money and open a bank account in Metrobank, the following information shall guide you.


Types of Bank Account

The following are the types of deposits available for personal and corporate bank accounts:


A. Savings Account
1. Passbook Savings Account
2. Metrobank E.T. Savings Account (With Metrobank E.T. Atm card)
3. MetroDollar Savings Account (Earns interest in dollars)
4. Other Foreign Currency Savings Account (FXCY SA) (earns interest in your own currency).
5. Fun Savers Club (for kids)

B. Checking Account
1. Account One (interest bearing checking account which comes with a free Passbook and ATM)
2. Regular Checking Account
3. MetroChecking Extra (account that gives you a checkbook and lets you earn interest just like a savings account)

C. Time Deposit
1. Time Deposit (TD)
2. MetroDollar Time Deposit
3. Foreign Currency Time Deposit


A. Savings Account
1. Passbook Savings Account
2. MetroDollar Savings Account
3. Foreign Currency Savings Account (FXCY SA)

B. Checking Account
1. Checking Account
2. MetroChecking Extra
3. US Dollar Checking Account

C. Time Deposit
1. Time Deposit (TD)
2. MetroDollar Time Deposit
3. Foreign Currency Time Deposit

For more details and features on the types of deposits shown above, please visit Metrobank’s Product and Services Page.


Tips and Steps in opening a Metrobank account

1. Decide on what type of deposit account you want to open in Metrobank. Refer to the list and information above.

1. Choose the Metrobank branch of your choice. You can check the list of MBTC branches at their branch locator page.

2. Visit the Metrobank branch that you’ve chosen and bring the following requirements in opening a bank account.

  • Two (2) valid ID’s with your name, picture and signature.

Valid IDs: Passport, Driver’s license, PRC ID, NBI clearance, Police clearance, Postal ID, Voter’s ID, Barangay certification, GSIS e-Card, SSS ID, Philhealth card, Senior Citizen Card, OWWA ID, OFW ID, Seaman’s Book, Alien Certification of Registration/Immigrant Certificate of Registration, and other  Government office IDs

  • Two (2) Photocopies of your valid IDs
  • One (1) copy 1 x 1 recent ID picture
  • Billing Statement and 2 photocopies in order to verify your address. Billing statement can be Electric bill, Telephone bill, Water bill, Credit Card bill, Cellphone bill etc.

Additional requirements might be needed to submit for business and corporate accounts, such as certificate of business registration, articles of incorporation and corporate board resolution. For more details, please visit the nearest MBTC branch that you have chosen.

3. Proceed to the New Account Desk; tell the bank officer your intent to open a bank account.  Then fill-up the forms that will be given to you. It is also wise to always bring a ball pen to avoid borrowing one or waiting in line for the pen provided by the bank at the writing area.

4. Give the initial deposit for your account. It should be equal or more than the minimum initial deposit amount. Make sure that your balance will not fall below the minimum balance requirements. To learn about Metrobank interest rates, minimum initial deposit and maintaining balance, please visit their “rate page“.

5. Claim your Metrobank ATM card or passbook which normally available for pick-up after 3-5 banking days.

-Usually, banks require a depositor to have 3-6 months of maintaining a savings account before they can be eligible to open a checking account. This is usually a quality control practice by common banks to minimize the incidence of depositors issuing bouncing checks.
-This article is published for informational use only. For more details, please visit the nearest Metrobank branch in your place or visit their official website at

Victorino Abrugar is a retired CPA practitioner, a blogger, speaker, and an entrepreneur. He's the President of Optixor, Inc., a digital marketing company based in the Philippines. Follow him on Twitter at @viclogic.


  1. vanessa says

    hello good day po..meron lng po akong i valid id.pero meron akong nbi..pdwe na po ba un para maka open na po ako ng account..wala naman po ako work..gusto ko lng magsave ng money then i choose your bank..please reply

  2. Mae says

    Thanks! It’s very helpful! I’m was trying to look for the requirements but I was not able to see it on their (metrobank) website.

  3. Charmaine says

    Hello.. were planning to open joint Account,,, What are the requirements we need to submit? thanks a lot..

  4. Jane says

    Good afternoon! Would it be possible to open junior savers account even I’m already working? This is part of our assignment in school to open a bank account. Would they permit me? Thank you

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