Metrobank Account Inactive (dormant) for 1 year: Will it be closed?
Let's say you have a Metrobank account: a Metrobank ATM card, Passbook or other types of account. And that you haven't use or transact on that account for a year. No deposit. No withdrawals. No transactions ever done in 1 year. In short, the account is dormant or inactive for 1 year. Will that account be closed?
No. A Metrobank account which is inactive for 1 year will not be closed. According to one of the Rules and Regulations governing Metrobank Savings Account, a Metrobank account is regarded as dormant if it's inactive (no transactions are performed) for 2 years. So if your account has no transactions in less than 2 years, it is still active. Meaning you can still use the account. The money is still intact.
On the other hand, if your account is inactive for 2 years, Metrobank will charge a corresponding dormancy fee, regardless of account balance. The dormancy fee will be automatically debited from the dormant savings account.
Therefore, to avoid dormancy fee, you should at least perform a transaction (deposit, withdraw, fund transfer, pay bills, etc.) to your Metrobank account?
Are you worried with your inactive Metrobank account?
"Metrobank Account Inactive (dormant) for 1 year: Will it be closed?" was written by admin under the Banking category. It has been read times and generated 7 comments. The article was created on .
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nag open po ako before ng savings account .. and my last transaction po is last january 2017, 0 balance na po ang atm card ko since january.. magdedeposit po ulit ako how much po ang penalty ? inactivated na po ba un since almost 11 months na po wala transaction
Good day po need ko lang po tulong niyo ano po ba gagawin ko para magamit ko ang atm savings account ko po last year ko pa na gamit na naka withdraw po ako..at wala na po balance.since october last year po..gusto ko po sana atm ko gamitin ko pag padalhan ako ng pera galing abroad o remittance. .please po tulungan niyo po ako ano gagawin ko.thank you..God Bless
I opened a metrobank account endorsed by company for my salary. After the contract of working in their company, i deposited money for my savings. My problem: Will my account have the said maintaining balance to follow or none? and also, Will it be close automatically because i haven't done any deposits? only checking my card in the atm if it still works.