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How to Open or Apply a Passbook Savings Account in Metrobank Philippines

I guess you already know the importance of having a savings account (it might be a passbook, atm or time deposit) in a bank. Aside from securing your money, you also hold the faith to further grow your money in different investment instruments in the bank. But to start your discipline to save your hard-earned money, you should know how to open or apply a passbook account in a bank.  What I'll be going to show you here are the steps in opening a passbook savings account in Metrobank.

Metrobank is one of the largest and most trusted bank here in the Philippines. It has numerous recognitions and awards such as "2010 Bank of the Year" by The Banker, "2010 Best Bank in the Philippines" by the EUROMONEY, and "2010 Best Domestic Bank" in the Philippines by the AsiaMoney Awards. Recently this year, Metrobank received an Anvil Award of Merit for Public Relations Tools and Grand Anvil Award from the Public Relations Society of the Philippines. That's why, cast your doubts and you shouldn't worry for entrusting your money with Metrobank. "You're in Good Hands with Metrobank".
 
Metrobank Awards and Recognition
(Picture) Metrobank's Awards and Recognitions

To open or apply a passbook savings account in Metrobank here in the Philippines is easy as long as you have the needed requirements.

How to Open or Apply a Passbook Savings Account in Metrobank Philippines
1. Prepare the needed requirements/documents:
If you're a student, you don't need a SSS number or TIN number. Most of the time, if you have two valid id's and a barangay certificate or a birth certificate, and 2 pieces 1x1 picture, you will be easily accepted by the bank. Each branch of the bank (Metrobank or any other banks) differs in their strictness of acceptance of depositors/clients. If you're an unemployed college graduate and have some cash in hand and you want to open a savings account in a bank, some banks require you to submit a TIN number. I repeat, some banks require you a TIN number. If you don't have a TIN number, I guess my best option for you is to choose another branch or another bank. Don't worry, there are thousands of banks in the Philippines including the rural banks and the cooperative banks ;o)
2. If all needed requirements are prepared, go to a Metrobank branch where you like to open a passbook savings account. (Be sure to wear your smile always.)

3. Inside the bank, ask a bank officer/employee that you want to apply for passbook savings account. The bank officer will give you an Application form to fill-up. Provide whatever requirements needed by the bank.
Metrobank gives you the option whether you want have an ATM card together with your Passbook. For me, better to have an ATM card. ATM card gives you more mobility in withdrawing your money anywhere. (There's no cost to ask for an ATM card). Your Passbook and ATM card has the same account number.
4. Then after filling-up the form, giving the 10,000 pesos initital deposit, and some verification, a bank officer/employee will give you your newly opened passbook with the amount of your initial deposit indicated inside. (Be sure to check or review your Passbook regarding the name, account number and amount deposited). You will receive your ATM card after 1 week.
 
Metrobank Passbook Savings Account
Picture of Metrobank Passbook savings account

It only takes 20 to 30 minutes for processing your application for Passbook savings account depending on the number of applicants and the number of bank officers available.

The maintaining balance and the balance to earn interest of Metrobank Passbook Savings Account is 10,000 pesos.

If you want to know more about the Rules and Regulations governing Metrobank's Passbook Savings account, you can read it here.
This article was written by under the Banking category. It has been read times and generated 98 comments. The article was created on .
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Total comments: 98
98 Jamaica antoneth sapico   (27 July 2016 8:02 AM)
Hi.ask lang po ako nag apply po kasi ako ng passbook account and nag ask po ako if may kasama din ba na atm pero ang sabi saken wla daw po i need to choose 1 either atm or passbook pero nung nagsearch ako sa internet ang nakalagay naman sa mga information nila about sa savings pwede mo naman makuha ang dalawang option ang passbook with atm panu un pwede paba ko maka request ng atm kasi nakaapply na ko ng passbook savings account

97 jeromina   (04 June 2016 4:10 AM)
good day.i open a passbook savings account yesterday but they said that they don't have a passbook and atm both in only one account. they only give me passbook.how can I get an atm with the same account.

96 Jeoceryl dela Cruz   (21 January 2016 11:42 AM)
Can I apply in any branches of Metrobank in Manila even my available Barangay Clearance is from my province?

95 Sarah Suarez   (22 September 2015 6:37 PM)
I already opened passbook to Metrobank. But now I am living now in UAE and I still continuing to save money. Every month I'd deposit money to my bank account. Now, I want to check my balance. How to open online on Metro bank? Hope you can help me concerning this. Awaited to your response. Thank you!

94 roch   (06 August 2015 10:39 PM)
i am a student and i want to open an account. is it possible to open an account even if i have only one valid id?

93 Maribel de vera   (02 July 2015 5:26 PM)
How to apply new account through online?

92 jenevie g. deala   (25 June 2015 8:57 AM)
I opened my passbook account last monday. But the teller didnt ask for my 1x1 id picture.isn't important in opening an passbook account?thank you

91 Precious   (10 June 2015 11:27 AM)
Can i open an account in philippines even I'm here in south korea ? Please kindly reply..

89 Rhox Bernadit   (04 June 2015 7:50 AM)
Good Day.
I just want to know if I'll open a passbook savings account then I choose to have a passbook together with an atm card having with the same account number, is there any other fees/charges aside from 10,000(which is for initial deposit)? I'm looking forward for your response. Thank You!

0
90 admin   (06 June 2015 10:52 AM)
No other charges.

88 Lee Dareg   (01 May 2015 1:50 PM)
Because I withdraw all my money before and is already closed my saving account. . And now I want to activate again but how and im here in abroad

87 Lee Dareg   (01 May 2015 1:47 PM)
Hello maa'm and sir can I activate again my saving account

86 Vergel Matanguihan Carpio   (30 December 2014 8:22 PM)
what if im here at k.s.a and i want ipen an account .. where can i open??.. do you have a representative bank here at k.s.a riyadhn

85 Mc Mhen   (11 December 2014 6:00 PM)
good day... can i withdraw all the money in my account when i need it...? will it be close?

84 Arthur Balboa (arthur1994)   (08 December 2014 2:03 PM)
Is it possible to convert my ATM card into a Passbook account?

83 Mary Grace Viloria   (30 November 2014 3:13 AM)
i believe barangay clearance is no longer required. (bigwas)

82 John Lloyd B. Franco   (16 October 2014 11:10 PM)
Hello Admin or Admins... Auhm I want to know it clearly that if its okay if I don't have Barangay clearance... Just a Birth Certi...? I'm a College student I want to apply for an passbook to suprise my parent that I can save my allowance... Auhm another Question.. What if my 10,000 will fall down to 9,999 or in the other words I can't maintain the min... balance what will happen? last question sir? if its okay if I fail to deposit more money if I already have an Passbook ? Thank you sir (Sorry for bad English) [size=15][b][i][color=red]

81 Cherrilyn Bihag   (07 July 2014 11:00 PM)
Hi, i want to ask if i already open passbook saving account,what are the ways of depositing? Is there required amount to deposit monthly,? What if failure to deposit on the next mo.?i really dont have idea pls help me,,,

79 Ma. Crystal Pearl   (15 March 2014 10:27 AM)
Hello, I want to ask if it is possible for my fiance to have a one account for two person? He is in Uk and im here in Philippines, the account is for us both, can i use it here in Phil?
Thanks and more power!!

80 admin   (19 March 2014 8:18 PM)
Ma. Crystal Pearl, you can apply for a joint account.

78 admin   (03 March 2014 1:35 PM)
llinda, yes you can withdraw all the money from your Metrobank passbook account.

Quote llinda
Will the bank immediately close the account?

No.

Quote llinda
Or do they have extension?
If you're account's balance falls below the required monthly average maintaining balance (Php 10,000), Metrobank will charge Php 300 as service fee.

77 admin   (11 February 2014 2:15 PM)
grace, you need to apply for Metrobank online banking.

76 admin   (29 December 2013 5:29 PM)
mike, go to the Metrobank branch ask apply for a Passbook account.

75 Hiezenth Herrera   (20 December 2013 2:40 PM)
After opening a regular savings account can i ask for a bank certificate?

74 Jane   (27 August 2013 7:40 PM)
Im ofw im here in italy i wish to apply passbook account in metrobank but how?

73 john cale   (30 July 2013 12:49 PM)
i wish to apply for apply for an pass book

72 joachim wolf   (15 July 2013 8:11 AM)
Dear metro bank,

want to open a bank account with debit visa card. including internet banking My nationality is german-- please let me know which requirements i need to open an account by email

thx in advance
j.wolf

70 Elaine Robles   (05 July 2013 12:33 PM)
Hi! P10,000.00 initial deposit is a big start for me in opening a savings account. Do you have any other offers in opening a savings account that will only have P2,000.00 to P3,000.00 initial deposit? Please let me know. Thank you.

71 admin   (06 July 2013 12:35 PM)
Elaine Robles, Opening a Metrobank ATM card requires P2,000 only as initial deposit. This might help you... "How to Apply for Metrobank ATM Card Bank Account"

69 95476   (04 July 2013 7:53 AM)
mam/sir after opening an account, can I ask a copy of bank certificate?

68 ramie   (28 May 2013 10:10 PM)
sir I have questions:
1.im here in saudi arabia and i want to open an account,.is it possible on behalf of me my mother will open my account there in the philippines?
2.what is the procedure or my requirements for opening an account?
please advise me

65 El Niña P. Callosa   (15 April 2013 1:55 AM)
How much would be the deposit needed if I am a student? Is it still for 10,000 php? I'm just kinda curious because I want to open an account but how I can i get such money while I'm still a student? And I do only have one Valid ID and that's my School ID. Thanks and God Bless! :)

66 admin   (15 April 2013 8:47 AM)
El Niña, for Metrobank Passbook, initial deposit is P10,000. While for Metrobank ATM Card, initial deposit is P2,000. Choose which is more convenient and easy for you.

Aside from your school id, you should also bring another one id such as your NSO birth certificate or a barangay clearance or any valid id you have.

64 Anne   (17 March 2013 0:25 AM)
is it possible to reopen an account which has been deleted? im trying to login using my credential but it says account deleted.

And also i am in USA is it possible to open an account from here?

67 admin   (15 April 2013 8:51 AM)
Anne, it's not possible to reopen a deleted or closed account. You should open a new account.

You can open an account there in the USA through Metrobank's subsidiares or foreign branches. To search for a foreign branch in the USA, go to Metrobank USA Branches.

62 gerlie castro   (27 February 2013 4:54 PM)
Is it allowed to deposit or remit by bank to bank. My husband wants that part of his paycheck will be deposited to my bank account. He's outside the country right now. What type of ATM should he opened that can be used here and abroad particularly in United States.

61 gerlie castro   (27 February 2013 4:41 PM)
sir how about the TIN number? I have no TIN number and SSS number. Is it allowed to open an account without TIN or SSS number?

63 admin   (04 March 2013 10:27 AM)
gerlie castro, if you have an SSS ID (photo-bearing) and another 1 valid id, you can open an account.

58 gerlie castro   (26 February 2013 4:58 PM)
Is the initial deposit on any Metrobank amounts Php 10,000? Can it be used internationally? thank you.

59 admin   (26 February 2013 5:51 PM)
Gerlie Castro, yes, the initial deposit for Metrobank is P10,000 to all branches. Yes, you can transact using this Passbook to any Metrobank overseas/foreign branches or Metrobank subsidiaries.

57 gerlie castro   (26 February 2013 4:41 PM)
How much is the lowest amount of initial deposit? Is there any lesser than 10k?

60 admin   (26 February 2013 5:52 PM)
Gerlie Castro, I've already answered your question above.

55 nadjera anggulo   (20 February 2013 9:25 PM)
hi sir khen. I'm just a student. I have valid ID: my school ID and postal ID. But the problem is my postal ID's name is mispelled. Instead of NADJERA, it's written as NAJERA in the ID. Will you still accept it for opening a passbook in metrobank? i was really disappointed of a bank that I've applied for in past. That's why I choose to transfer in metrobank. please help me.

56 admin   (20 February 2013 9:29 PM)
nadjera anggulo, only your postal id is the problem. It might help you to get a Barangay Clearance/Certificate. Present this document together with your school id in applying a Passbook in Metrobank.

53 im nicol   (15 February 2013 12:08 PM)
How to apply for ATM card? I already have a Passbook account in Metrobank. I want to have an ATM. What are the requirements?

54 admin   (15 February 2013 12:17 PM)
im nicol, you can follow the steps presented in "How to Apply for Metrobank ATM Card Bank Account".

52 Carolyn Ferrer   (14 February 2013 1:00 PM)
i have 2 kids, i want to open them a new account for atm account, what are the requirements? One is studying and the other one is only 2 years old.

50 bhe   (22 January 2013 11:03 PM)
do i still need to get barangay clearance even if i have 2 valid ID?

51 admin   (23 January 2013 8:35 AM)
bhe, not anymore.

48 juvita v nazam   (18 January 2013 3:10 AM)
dear metro bank ano po ba kailangan na id para makapagaply ng atm card

49 admin   (18 January 2013 1:37 PM)
juvita v. nazam, valid id po ang kailangan. Read the "Top 28 Valid ID's Required in the Philippines".

46 melchor flores   (05 December 2012 3:29 PM)
I want to change my saving account from atm card to passbook w/ atm.Is this possible?5

47 admin   (28 December 2012 3:20 PM)
Melchor Flores, no. You should open a new account (Passbook with ATM card). Or open a new account (Passbook only). You have many choices.

43 Joel   (27 November 2012 9:37 PM)
Hi Ken, I have an ATM account with Metrobank. But I now want a passbook without ATM. Can the bank do this for me? Thanks

44 admin   (28 November 2012 9:28 AM)
Yes Joel, you can choose to open a passbook without an ATM.

42 cynde   (13 November 2012 2:28 PM)
hi, i would like to ask if i can present my 2 identification card with different home address,? my postal id addresses here in Quezon city but my TIN id address in Northern samar.or can i open an account here n quezon city but my identification card address in our province.?

45 admin   (28 November 2012 9:28 AM)
Yes cynde. They are both valid id's. So they can both be accepted.

41 Joey   (11 November 2012 9:06 PM)
thanks Khen! You are quite the reliable one..

39 Joey   (11 November 2012 8:30 PM)
Hi Khen,

Can I withdraw from a Passbook savings at a Metrobank branch other than the one in which I opened it?

thanks..

40 admin   (11 November 2012 8:36 PM)
yes you can Joey.

37 elizellar   (22 October 2012 9:21 PM)
Sir, I would like to ask about my password of my savings account, metrobank have already sent my password details on my email, unfortunately i deleted accidentally. Is it possible to provide me a password?

38 admin   (22 October 2012 9:38 PM)
elizellar, you can email customercare@metrobank.com.ph and ask metrobank to send you your password or account details.

Tip: If you accidentally deleted your password details in your email, you can go to the Trash folder of your email and find it.

35 andrew   (21 October 2012 11:01 PM)
sir. I want to open a Passbook account. Is it allowed to have 1 ID (postal ID) and birth certificate. Is it OK. Can I apply for an account?

36 admin   (21 October 2012 11:07 PM)
yes, andrew.

34 Lolita C. Hersamio   (10 October 2012 7:59 PM)
how to open joint account?

32 eigna   (21 September 2012 7:14 AM)
What are the requirements for opening OFW savings account

33 admin   (21 September 2012 8:22 AM)

30 mars   (31 August 2012 12:59 PM)
Hi, I just want to ask question. Can I access my transactions online in Metrobank even if I'm using just an ATM account. I want to see the balance or all the money deposited to that account and all the withdrawal transactions. But can't see it since i don't have passbook , i only have atm.

Thanks,
Mars

31 admin   (31 August 2012 3:11 PM)
mars, you need to enroll first in Metrobank's online banking (Metrobankdirect).

Go to your bank and apply for metrobank online banking.

28 celeste ardiza   (17 August 2012 6:27 PM)
in opening account with passbook, can i just present an authenticated birth cert and a barangay clearance?

29 admin   (17 August 2012 7:33 PM)
yes, celeste

26 sarah joy rabimbe   (16 August 2012 12:58 PM)
For students, does it need Php 10,000 for initial deposit?

27 admin   (16 August 2012 12:59 PM)
yes Sarah.

25 conrado   (27 July 2012 9:30 PM)
hello metrobank, I want to ask how to open a joint account in Metrobank?

23 eloisa joy   (24 July 2012 2:21 PM)
im a college student , transferee. Can I use the ID of my former school and the ID of my present school. thanks.

24 admin   (24 July 2012 2:35 PM)
yes eloisa.

21 myline reyes   (19 July 2012 2:25 PM)
Sir ask ulit ako...hal.my passbook ka tapos gusto pagawa.atm card para madali mg withdraw lng po ba un...no dapat gawin?

22 admin   (19 July 2012 2:27 PM)
To apply for an ATM card, here's the procedure:

How to Apply for Metrobank ATM Card Bank Account

Read more: http://www.affordablecebu.com/load....2zX6LCe

18 xdien23   (17 July 2012 8:40 PM)
hi, i would just like to ask if i can open a passbook if my starting money is less than 10,000php? I already have an atm in which i receive my salary, i was thinking of asking our hr department if they can set aside half or part of my salary into a different savings account but with same no. of account?

19 admin   (17 July 2012 8:55 PM)
xdien, you cannot open a passbook account if your initial deposit is below PhP10,000. Metrobank requires PhP10,000 initial deposit.

You can ask your HR department whether they can set aside a part your salary to a different savings account.

16 Lenar   (19 June 2012 7:05 AM)
Hi!
I have an OFW account which is dormant for almost 10 yrs.Can it still be re-opened?Thanks & Godbles

17 admin   (19 June 2012 8:20 AM)
Lenar, yes. Just go to the bank to re-open it but be aware of dormancy fees. It's better to open a new account than to re-open your old account in order to save those dormancy charges.

15 gina galo   (13 June 2012 11:50 AM)
hello metrobank
I want to ask. Is it allowed to transfer money from my Passbook account to an ATM. How many days does it take to process and how much is the charge? thanks for your reply.

20 admin   (19 July 2012 12:36 PM)
what do you mean? do you want to transfer the money from your Passbook account into your ATM account?

12 nina   (11 June 2012 5:03 PM)
hi po! Is there any tax for opening a Passbook in Metrobank. Thanks.

13 admin   (11 June 2012 11:16 PM)
nina, there's no tax in opening a passbook in metrobank. But regarding with the interest income it will earn, it is taxable.

11 noni   (04 June 2012 12:46 PM)
how much is the initial deposit for passbook with ATM?

14 admin   (11 June 2012 11:17 PM)
noni, Do you mean the interest rate or the amount of initial deposit?

9 jane   (22 April 2012 12:51 PM)
what's the interest rate for passbook savings account?

10 admin   (22 May 2012 8:33 PM)
jane, 0.375% is the interest rate for the Metrobank Passbook Savings Account effective March 1, 2012.

7 nonilyn   (26 March 2012 6:53 PM)
I have an ATM already, can I apply for a passbook which has the same number of account w/ my atm? What if I forgot my account number?

8 admin   (26 March 2012 7:09 PM)
Quote nonilyn
I have an ATM already, can I apply for a passbook?
Yes

Quote nonilyn
which has the same number of account w/ my atm?
Yes

Quote nonilyn
What if I forgot my account number?
report to the bank immediately.

5 Loville   (09 March 2012 11:41 PM)
To whom this may concern,

Greetings...

Is there any inter branch fee if I transfer my saving account from MetroBank Fuente Osmena Branch to Tacloban Branch?

Loville

6 admin   (10 March 2012 8:44 AM)
Loville, you cannot transfer your savings account. But you can open a new account in Tacloban branch.

3 rhen   (05 March 2012 8:46 PM)
Hi Sir/Ma'am

I want to open a savings account on metro bank but i have some problems in the requirements. I dont have any valid ID, im just 19 years old and i stop in my school so i also dont have students ID..I only have a Original Copy of my Birth Certificate (Not NSO-issued), a 1x1 and 2x2 pictures and a P10,000..is it still possible to open an savings account?

4 admin   (05 March 2012 8:56 PM)
rhen, yes you can open an account. In your case, you can secure or get a postal id and baranggay certificate. You need those valid ids in order to open an account in Metrobank.

1 John   (29 May 2011 2:44 PM)
Hello metro bank Philippines,
I'm losing my passbook savings account METRO BANK LAOAG branch, 5days from now.
Need to withdraw this week for my daughters B-day!!
what requirements need to get new passbook & same account?
pls.response immediately.
JOHN

2 admin   (29 May 2011 4:01 PM)
John, according to the rules and regulations of Metrobank's Passbook Savings Account: "In case it is lost or stolen, he shall promptly report it in writing and submit an affidavit (notary letter with lawyers authorization) to the Bank giving all the circumstances surrounding the loss. If it is not found within a reasonable time, the depositor may apply for a new passbook which, when issued, shall show the balance outstanding to his credit as shown in the books of the Bank. The depositor shall pay a service fee for the replacement of the lost passbook."

Read more: http://www.affordablecebu.com/load....j5Lcd9M

Don't forget to bring at least 2 valid id's.