Every Overseas Filipino Workers (OFWs) should save money for emergencies, retirement or for starting a new investment or small business for families to have a stable income at home. Saving money in the bank is very important to protect your money from thieves and from unwanted expenses. Aside from this, your money in the bank will grow with interest as the time goes by. We all know that working abroad is not forever and saving for the future is a must.
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If you are looking for a bank that will value your money, consider Metrobank's basic savings account that will ensure your money in an accessible way plus it will earn interest. You can track your balance through passbook and your foreign currency remittance is converted into Philippine pesos. No more hassle for your family to change money into local currency.
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OFW PESO Savings Account
OFWs may choose what kind of deposit — passbook or ATM. Both can be applied with zero initial deposit as well as zero maintaining balance, provided there is at least one valid remittance transaction made to the account within a 12-month period.
Balance to Earn Interest — P10,000
Balance to Earn Interest — P10,000
Interest Rate — 0.25% per annum
This is passbook savings account with zero initial deposit and zero maintaining balance — provided that there is at least one valid remittance transaction made to the account within 12 month period.
Your dollar account needs to have $500.00 to earn interest of 0.125% per annum.
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How to Open an OFW Savings Account in Metrobank?
Just visit the nearest Metrobank branches in your area and present a one valid government ID!
Metrobank's ATM can be accessed anytime and anywhere in the Philippines via BANCNET ATMs, or abroad via MAESTRO-CIRRUS ATMs. You can also manage your transaction through online banking or MetrobankDireck such as balance inquiry and bills payment.
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![Requirements Needed For Opening A Savings Account in the Top 5 Banks in the Country According to the Bangko Sentral ng Philippines, the following are the top 10 Best Performing Banks in the Philippines based on their assets. These banks are not just the best but also the biggest banks in the country. 1. BDO Unibank Inc. â2,665,307.23 2. Metropolitan Bank & TCO â1,705,575.78 3. Bank of the Philippines Island â1,649,267.36 4. Land Bank of the Philippines â1,633,082.18 5. Philippine National Bank â788,835.37 Interested to save in these banks? Here are the following requirements if you are interested in opening a savings account in the top five best bank in the country. 1. BDO Unibank â There are six types of Peso Savings Account you may choose from; A. Peso Passbook Savings (with or without ATM) Minimum Initial Deposit â P5,000 Minimum MADB Requirements â P10,000 Minimum Balance to Earn Interest â P10,000 B. Peso ATM Debit Card (without passbook) Minimum Initial Deposit â P2,000 Minimum MADB Requirements â P2,000 Minimum Balance to Earn Interest â P5,000 C. Optimum Savings Minimum Initial Deposit â P30,000 (Personal); P50,000 (Business) Minimum MADB Requirements â P30,000 (Personal); P50,000 (Business) Minimum Balance to Earn Interest â P30,000 (Personal); P50,000 (Business) D. Junior Savers Minimum Initial Deposit â P100 Minimum MADB Requirements â P100 Minimum Balance to Earn Interest â P2,000 E. Prime Savers Minimum Initial Deposit â P2,000 Minimum MADB Requirements â P2,000 Minimum Balance to Earn Interest â P5,000 F. Direct Deposit Minimum Initial Deposit â P0 Minimum MADB Requirements â P0 Minimum Balance to Earn Interest â P5,000 How to Open a Savings Account in BDO and what are the requirements Visit BDO Branch near you. Present the original copy of at least two valid IDs Prepare the minimum initial deposit 2. Metrobank Savings Account â the following are the various types of Savings Account offered by Metrobank: A. Passbook Savings Account Minimum initial deposit â P10,000 Minimum maintaining balance â P10,000 Balance required to earn interest âP10,000 B. Metrobank Debit or ATM Savings Account Minimum initial deposit â P2,000 Minimum maintaining balance â P2,000 Balance required to earn interest â P10,000 C. Fun Savers Club Minimum initial deposit âP100 Minimum maintaining balance â P500 Balance required to earn interest âP4,000 D. OFW Peso Savings Account Minimum initial deposit â P0 Minimum maintaining balance âP0 Balance required to earn interest â P10,000 How to apply for Metrobank Savings Account? Phone Call â +632-8700-700 or 1-800-1888-5775 Face to Face â Visit the nearest Metrobank branch! Requirements: 3 copies of pictures The government issued valid ID card Initial deposit Proof of billing 3. Bank of the Philippine Island (BPI) A. BPI Padala Moneyger Required Initial Deposit â P0 Required Minimum Monthly ADB â Waived. As long as there are 4 remittance transaction in a year Required Daily Balance to Earn Interest âP5,000 B. Jumpstart Saver Required Initial Deposit â P100 Required Minimum Monthly ADB â P1,000 Required Daily Balance to Earn Interest âP2,000 C. Kaya Savings Required Initial Deposit â P200 Required Minimum Monthly ADB â N.A. Required Daily Balance to Earn Interest âP1,000 D. Express Teller Savings Required Initial Deposit â P500 Required Minimum Monthly ADB â P3,000 Required Daily Balance to Earn Interest âP5,000 E. Passbook Savings Required Initial Deposit â P10,000 Required Minimum Monthly ADB â P10,000 Required Daily Balance to Earn Interest âP25,000 F. BPI Advance Savings Account with Passbook Required Initial Deposit â P100,000 Required Minimum Monthly ADB â P100,000 Required Daily Balance to Earn Interest âP100,000 G. Maxi-Saver(4) Savings with Debit Card (ATM Card) Required Initial Deposit â P50,000 Required Minimum Monthly ADB â P50,000 Required Daily Balance to Earn Interest âP50,000 H. Maxi-Saver(4) Savings with Passbook Required Initial Deposit â P75,000 Required Minimum Monthly ADB â P75,000 Required Daily Balance to Earn Interest âP75,000 Requirements and How to Apply for BPI Savings Account Visit the nearest branch in your area and bring the following; Valid, unexpired, photo-bearing Identification Card (ID) with signature Initial deposit 4. Land Bank of the Philippines A. ATM Savings Account Required Initial Deposit â P500 Required Minimum Monthly ADB â P500 Required Daily Balance to Earn Interest âP2,000 B. Easy Savings Plus (ESP) Minimum Initial Depositâ P20,000 Required Minimum Monthly ADBâP20,000 Required Daily Balance to Earn Interest â P20,000 C. Regular Passbook Savings Account Minimum Initial Deposit â P10,000 Required Minimum Monthly ADB â P10,000 Required Daily Balance to Earn Interest â P10,000 Requirements and How to Apply for Landbank Savings Account Visit the nearest Landbank Branch in your area Bring at least one Valid ID Initial deposit 5. Philippine National Bank (PNB) Savings Account A. PNB Superteller ATM Initial Deposit â P3,000 Minimum Maintaining Balance â P3,000 Minimum ADB to Earn Interest â P10,000 B. PNB Passbook Savings Initial Deposit âP10,000 Minimum Maintaining BalanceâP10,000 Minimum ADB to Earn InterestâP15,000 C. Direct Deposit Program Initial Deposit â P100 Minimum Maintaining BalanceâP100 Minimum ADB to Earn Interestâ P5,000 D. PNB Prime Savings Account Initial DepositâP50,000 Minimum Maintaining BalanceâP50,000 Minimum ADB to Earn Interest âP100,000 Requirements and How to Apply for PNB Savings Account Visit the nearest PNB Bank in your area Bring at two IDs 2 ID pictures (1x1 or 2x2) Initial deposit Accomplished Client Information Form, Account Information Form, Signature Card and Conditions Form Requirements for Opening a Savings Account in BDO, Metrobank, BPI, Landbank, and PNB](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgb_7Uin13tTYldgT8H70F5niP4Oozfdn9amsvP0uYKY5LHCup391XRreGfd9mwjuujnu4lj-awGi3wVeQID1uHvPIpmhH5rVD16Ff9m6jLatpc8GZYtzflAGjYjly9MQ3hbsih/s1600/1.jpg)