Metrobank Business Account: Complete Guide for Filipino MSMEs

Filipino businesses today deserve the best of both worlds in business finance solutions. We want the reliability of traditional banking and the speed of modern digital tools. Metrobank’s suite of business accounts offers this balance, combining decades of financial expertise with the convenience of online and mobile banking. Whether you are a start-up finding your footing or a growing enterprise managing larger operations, Metrobank offers stability, access, and digital efficiency that can support you at every stage of growth.

In this guide, we will cover everything you need to know about Metrobank’s business accounts, including their key features, fees, eligibility, maintaining balance requirements and how to open a Metrobank business account. We will also highlight the tools that make Metrobank stand out among Philippine banks.

We will also introduce Wise Business as a modern alternative that enables Philippine businesses to operate seamlessly across borders. With the ability to hold and manage multiple currencies in one account and send or receive international payments at low, transparent fees, Wise Business could allow your business to expand globally without having to deal with unnecessary complexity and bloated fees.

What is a Metrobank business account, and how does it work?

As one of the country’s leading universal banks, Metrobank has built a reputation for reliability and reach, supporting Filipino businesses of all sizes with tailored banking solutions. Metrobank offers a range of business accounts, which include:

• Business savings account¹: A passbook savings account for businesses with an opening deposit and minimum balance of 10,000 PHP. This account provides business owners with access to essential banking features and the opportunity to earn interest on their deposits.
• Business checking account²: A checking account with key banking features, along with the ability to issue checks. Metrobank’s regular business checking is not interest-bearing.
• AccountOne Commercial³: A business checking account with critical banking features, cheque issuing capabilities and the ability to earn interest on deposits.
• Foreign currency business accounts⁴: Business savings accounts that allow Filipino businesses to transact and earn interest on their foreign currencies. Metrobank offers foreign currency savings accounts in ten different currencies, including USD, JPY, GBP, EUR, CHF, CAD, AUD, CNY, SGD and HKD. Each account comes with its own required initial deposit, maintenance balance, and fall below fees.

Metrobank business account pricing

Before choosing the right Metrobank business account for your needs, it helps to understand the costs and requirements involved. Each account type comes with its own opening deposit, minimum balance, and fall-below fees, as well as transaction charges for local and international transfers.

The table below provides a detailed breakdown of Metrobank’s business account pricing and features to help you compare your options easily.

Details accurate as of 12 Oct 2025

What type of business in the Philippines stands to benefit most from a Metrobank business account?

Metrobank business accounts go beyond traditional deposit and cheque services. With a strong history in corporate banking, the bank offers efficient cash management and user-friendly banking tools through its Metrobank Business Online Solutions (MBOS) platform. Businesses can also access interest-bearing current accounts, foreign currency savings, and financing support, all within one ecosystem.

We think the following types of businesses in the Philippines will benefit the most with Metrobank as a local banking partner:

• Small to medium-sized businesses that trade locally: If you handle payroll and supplier payments within the country, you’ll find Metrobank’s branch and ATM network convenient. The Business Savings Account or Regular Business Checking Account provides straightforward banking for day-to-day use, while maintaining access to relationship managers who can assist with financing or credit facilities.
• Businesses that handle check transactions frequently: Metrobank’s AccountOne Commercial account gives you the flexibility to issue checks while earning interest on your deposits, giving you the option to let your idle funds earn while having liquidity.
• Companies working with foreign partners: Metrobank offers the option to open foreign currency accounts in ten major currencies. Holding foreign currencies directly can help minimise conversion losses and reduce delays in cross-border settlements.

However, if your business operates primarily online or receives frequent payments from a range of overseas clients, traditional foreign currency accounts may feel restrictive in terms of how many foreign currency account details are on offer. Wise Business offers a more flexible alternative, enabling Philippine businesses to receive international payments through 10+ local account details, manage multiple currencies within one account, and exchange funds at the mid-market rate with low, transparent conversion fees.

How to open a Metrobank business account in the Philippines: Step-by-step guide

Once you’ve decided which account suits your business best, opening a Metrobank business account is a straightforward process. Here’s a step-by-step guide to opening a Metrobank business account in the Philippines.

Metrobank business opening requirements

Before you head down to a branch, you should prepare the following required documents.

Sole proprietors should bring the following required documents:

• Certificate of Business Registration
• Application for Registration of Business Name
• Government-issued photo ID
• Proof of Income
• Individual Standard Business Loan Application Form (SBLAF)

Partnership businesses should prepare the following:

• Articles of partnership
• Certificate of Filing Articles of Partnership issued by the SEC
• Certificate of Registration of Business name with DTI
• Certified list of officers authorised to transact business with the bank
• Proof of Income
• Institutional Standard Business Loan Application Form (SBLAF)

Unincorporated businesses should have the following:

• Valid government-issued photo IDs of authorised signatories
• Articles of Association, Constitution and/or By-laws
• Original Secretary's Certificate of Board Resolution, preferably with the associate’s seal and duly notarised
• SEC Certificate of Registration or Housing and Land Use Regulatory Board (HLURB) registration
• Notarized Information Sheet (for Homeowners’ Association) and General Information Sheet (GIS)

Head to a Metrobank branch

You will need to visit a branch to open a Metrobank business account. Make sure you have the required documents listed above. You can also choose to submit a form on the Metrobank website to get more details before heading to a branch.

Wait for approval

After submitting your Metrobank business account application, you will need to wait for the bank to verify your application and documents before your business bank account is set up and ready for use. You may be required to transfer the opening deposit, so it may be wise to set aside sufficient funds for a smoother application process.

Wise Business: A great alternative to Metrobank business account

• Obtain account details to receive payments in USD, EUR, GBP, SGD, HKD and more for a one-time fee of 1,400 PHP.
• Zero fees when you get paid via ACH, FAST, InstaPay/PESONet, & other local transfers.
• Send money to pay invoices, suppliers & contractors fast, with less fees
• Always get the mid-market rate with transparent conversion fees starting from 0.57%.
• Pay your bills and ad-hoc overseas expenses using the Wise Business card without hefty foreign transaction fees.
• Seamless integrations with popular accounting software.

➡️Get started with Wise Business today

Conclusion

Metrobank’s business accounts remain a reliable choice for Filipino businesses that value stability, credibility, and hands-on support. The bank offers everything from simple transaction accounts to more advanced options with check facilities, interest-bearing accounts, loans, and more. For many local small businesses and even established companies, Metrobank business accounts provide the structure and security needed to manage daily operations with confidence.

However, if your business is expanding internationally or frequently transacts in foreign currencies, Metrobank’s limited currency options and higher cross-border costs may slow you down. Managing multiple accounts and navigating hidden exchange rate markups can add complexity and eat into your margins.

For growing Philippine businesses looking to go global, Wise Business offers a faster, smarter alternative. You can hold and manage over 40+ currencies in one account, receive payments from international clients like a local, and send money abroad at the mid-market exchange rate, with low, transparent fees every time.

Open a Wise Business account today to simplify your global operations and keep more of what you earn.

➡️Learn more about Wise Business

Sources:

1. Business Savings Account | Metrobank
2. Business Regular Checking Account | Metrobank
3. AccountOne Commercial Checking Account | Metrobank
4. Metrobank Foreign Currency Business Account | Metrobank
5. Deposit Account Rates and Fees | Metrobank
6. InstaPay fees on the Metrobank App
7. Metrobank lowers PESONet fee for online bank transfers
8. Metrobank Remittance Services: Fees and Rates | Metrobank
9. Remittance Charges to New York Branch | Metrobank

Sources checked on 12 Oct 2025