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Metrobank Maintaining Balance Penalty/Service Charge

One of the top banks of the Philippines, Metrobank like any other banks is running a lending business that needs constant flow of money coming in. To sustain its operations, Metrobank requires service charge or penalty for accountholders falling below their required maintaining balance. To avoid the service charge, you should know the corresponding service charge of the type of account you're applying for.

This a table of Metrobank's Required Minimum Maintaining Balance and Service Charge/Fee as of January 1, 2013:

PRODUCTINITIAL DEPOSITMAINTAINING BALANCEService Fee/Penalty on Accounts below minimum monthly ADB (for 2 consecutive months)+
Passbook


  • Passbook Savings
P 10,000.00P 10,000.00 P 300.00
  • OFW
waivedwaived P 300.00
  • SSS Pensioner
P 100.00P 10,000.00P 300.00
  • US Pensioner
P 500.00P 500.00 P 300.00
Metrobank e-Teller (ATM)


  • Savings
P 2,000.00P 2,000P 300.00
  • OFW
waivedwaivedn.a.
  • SSS Pensioner
P 100.00P 100.00 P 300.00
CheckingP10,000.00 P10,000.00 P 300.00
AccountOne


  • with ATM
P 25,000.00P 25,000.00 P 300.00
  • w/o ATM
P 25,000.00 P 25,000.00 P 300.00
MetroCheckingExtraP 15,000.00P 15,000.00 P 300.00
Fun Savers ClubP 500.00P 500.00P 300.00

As you notice, Metrobank's service fees on accounts below minimum maintaining balance are mostly 300 pesos. So it's very easy to remember the figure for your reference.

What do you think of Metrobank's maintaining balance? Is is cheaper than other major banks in the Philippines?
"Metrobank Maintaining Balance Penalty/Service Charge" was written by under the Banking category. It has been read times and generated 5 comments. The article was created on .
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Total comments: 5
5 Zuraida Mohamad   (01 September 2016 7:25 PM)
Metrobank Debit Card and gamit ko, OFW. Noong huling nag check ako ng account ko tru metrobank direct eh may 300 php plus pa. Bakiit po ngayon, yung total balance na sinasabi dun 900.00(-)? Anu pong ibigsabihin nun? Tapos may service charge na 300? Nakalagay sa taas na list, kapag OFW eh N.A ang service fee. Please I need an answer po, paanu ko malalaman kung safe ako maghuhulog sa atm ko kung nababawasan pala yung pera ko dun?

4 MARIANNE S. LISING   (01 July 2016 6:45 PM)
THIS IS THE FIRST TIME THAT I CHECK MY BALANCE ON AFTER WITHDRAWING ON THE EASTWEST/BANCHNET ATM MACHINE. I NOTICE THAT EXCEPT ON DEDUCTION OF 11 PESOS ON WITHDRAWING CASH YOU ALSO DEDUCTED 300 PESOS FOR WHAT? I ALWAYS SECURE MAINTAINING BALANCE TO AVOID SERVICE CHARGE!!! WILL YOU PLEASE EXPLAIN THAT!!! MEANING MY MONEY WAS NOT SAFE ON MBTC ATM CARD????????? YOU WILL DEDUCTED MONTHLY SERVICE CHARGE? WHAT THE H*** ONE THING MORE LAST TIME I JUST INQUIRE FOR MY BALANCE AT ATM BPI IT DEDUCTED 500 PESOS ON MY SAVINGS..

3 Ducks   (30 May 2015 12:47 PM)
how can i view my statement for the past year? it seems it will only capture 3 months. thanks.

1 jenniferloreto   (25 February 2014 11:27 PM)
How can I inquire balance in Metrobank online? Please answer.

2 admin   (26 February 2014 9:29 PM)