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How to Deposit Money in Singapore for a Metrobank ATM Account in the Philippines?
Don't worry. Metrobank provides different ways in order for your love ones in the Philippines to receive the money that you worked hard for while you're working in Singapore. There are three (3) options:
1.) If you have no Metrobank account, you can send the money through Metrobank Foreign Branch in Singapore which is the Metro Remittance Singapore Pte. Ltd. located at the following address:
2.) You can open a Metrobank OFW Peso Savings Account which has no initial deposit and no maintaining balance. It also earns interest. It comes with a Passbook or an ATM. You can choose ATM for easy access. In case your family members really needed cash/money. they can use the ATM to withdraw right away in any ATM (machines) with BancNet, MegaLink, and ExpressNet logos. Since it's a deposit account, it's insured with the Philippine Deposit Insurance Corporation (PDIC)
You can send/remit money through the Metrobank foreign branch in Singapore indicated above. If you send/deposit money in foreign currency from Singapore, it will be converted into Philippine pesos in the Philippines, thus saving your loves ones or family members the hassle of having to change them into Philippine Pesos.
3.) Either you or your loves ones/family member can open a Metrobank World Cash Card. It has also no initial deposit and no maintaining balance. It's like an ATM where your love ones can withdraw money on any ATM (machines) with BancNet, Megalink and ExpressNet logos. But the downside is it doesn't earn interest. Take note: It is not a deposit account. It is not insured with the PDIC.
You can send the money through Metrobank's foreign branch in Singapore. A maximum of Php 150,000 per month can be loaded/deposited to the account. It will become inactive if no financial transaction (remittance or withdrawal) in one year. Inactivity fee would cost Php 100 per month. Maximum withdrawable amount per day is Php 30,000.
Do you know other better ways of sending money from Singapore to the Philippines?
"How to Deposit Money in Singapore for a Metrobank ATM Account in the Philippines?" was written by admin under the Banking category. It has been read times and generated 0 comments. The article was created on .
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