How to open account in Metrobank: Guide on types of accounts and requirements for Filipinos

Metrobank¹ offers checking and savings account options, in PHP, USD and select foreign currencies. If you want to start using Metrobank you’ll need to learn about the account rules and requirements, to help you choose an appropriate product for your needs.

This guide has you covered with a look at the minimum deposit and balance amounts, as well as the account opening process with Metrobank. We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

Requirements to open Metrobank account

We’ll dive into how to open an account in Metrobank in a moment - but first, it’s worth taking some time to check the eligibility rules and requirements for different account types.

Metrobank open account requirements include²:

• You must have a suitable photo ID document to verify your identity
• You must complete the customer application form
• You must deposit the account’s minimum deposit amount to activate your account

When you visit a branch to open your new Metrobank account, you’ll need to take along a photo ID document which can include your Philippine Identification Card (PhilID), your passport or drivers license³. If you’re a foreigner in the Philippines you may also take along your Alien Certificate of Registration or Immigrant Certificate of Registration. There’s a pretty long list of documents which Metrobank can accept, which is available online.

When you choose Metrobank to open an account, initial deposit rules also apply, which vary depending on the account type. We’ll explore the common deposit amounts for different checking, savings and USD accounts next so you can decide if one fits your needs.

Open Metrobank savings account

Metrobank savings account options include passbook and debit card account products, which usually have a minimum opening deposit amount you must pay in to activate your account. There’s then also a minimum balance amount you must maintain to avoid fall below fees, and a minimum holding amount if you want to earn interest on your savings.

Where a fall below fee applies on your savings account you’ll pay 300 PHP monthly for personal accounts.

Here’s a summary of the different PHP savings accounts on offer from Metrobank, which you may want to consider⁴:

*Details correct at time of research - 29th September 2025

Open checking account in Metrobank

Standard Metrobank PHP checking accounts do not pay interest and are intended more for everyday money management. You’ll still need to maintain a minimum balance to avoid the 300 PHP fall below fee.

If you’d prefer to have an account which you can use for daily transactions, which also offers interest payments on your balance, you may select the AccountOne Regular instead, which has higher minimum balance requirements, but which does pay interest if you maintain an adequate balance. If you choose this account, it’s important to maintain the minimum balance amount because the fall below fees are 500 PHP if your balance drops.

Here’s a summary of the personal checking accounts offered by Metrobank⁴:

*Details correct at time of research - 29th September 2025

Open dollar account in Metrobank

The minimum balance requirements to open a dollar account at Metrobank depend on the specific account type you choose. If you do not maintain the balance amount set by the account, you must pay a fall below fee of 5 USD monthly. This fall below fee starts once you fail to maintain the balance for 2 months.

Here’s a summary of the Metrobank USD account options and their minimum balance rules⁴:

*Details correct at time of research - 29th September 2025

How to open account in Metrobank: Step-by-step guide

If you’re wondering - can I open a Metrobank account online - unfortunately you’re out of luck.

Whether you want to know how to open a checking account in Metrobank, or how to open a dollar account in Metrobank the answer is the same - you’ll need to visit a branch to set up your account. This has its pros and cons - on the one hand getting to a branch in person isn’t always convenient, but on the other, you will have the reassurance that a member of the branch team can help you navigate the account opening process successfully.

How to open Metrobank account online

Unfortunately, Metrobank does not offer online and digital account opening services. If you would prefer an account you can set up without needing to visit the bank in person, you’ll need to select a different bank or provider instead.

How to open Metrobank account in-person

You can open a Metrobank account in person at any Metrobank branch. You’ll need to take along your photo ID document, and complete the customer application form. This asks for your personal and contact information, and also takes details of your employment, source of income, family status and transaction needs.

Different ID documents can be used for verification - most commonly you’ll be asked for a passport or your national ID card, but there are also alternatives such as a workplace or school ID if you’d prefer.

A member of the Metrobank team will help you complete the form and request your ID document for verification. You’ll then need to make your initial opening deposit to activate your account, which you can do by paying in cash or making an electronic transfer from another account. US citizens will also need to complete some additional paperwork including a FATCA Certification, Consent, and Waiver form.

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Frequently asked questions (FAQ)

How much is the initial deposit to open a Metrobank account?

The minimum opening deposit for a standard Metrobank checking account is 10,000 PHP. There are also Metrobank savings accounts, and USD accounts which have different minimum balance requirements depending on the product. If you don’t maintain the specific account’s minimum balance amount you will be charged a fall below fee of 300 PHP - 500 PHP depending on the account.

Where can I find the Metrobank application form to open an account?

You can get the Metrobank customer application form on the Metrobank website⁵. Or if you’d prefer, you can pick up a paper copy of the form at the branch when you go to open your account.

What is a Metrobank ATM savings account?

Metrobank offers several different savings accounts. Many of the accounts available from Metrobank can either have a passbook, or an ATM and debit card. The Metrobank ATM savings accounts often have lower initial deposit amounts, and lower minimum balance requirements compared to a full account with a passbook included.