Metrobank is a leading commercial and retail bank in the Philippines, offering a range of financial products and services, including:
- Personal and Business Banking: deposit-taking, loans and credit facilities
- Wealth Management: investment banking, trust and investment management
- Foreign Exchange: competitive rates for various currencies
- Remittance Services: send money from the US to the Philippines with varying fees and exchange rates
Some key exchange rates as of August 22, 2025, are ¹:
- USD to PHP:
- Buying Rate: ₱56.8500
- Selling Rate: ₱57.3500
- EUR to PHP:
- Buying Rate: ₱64.0000 – ₱65.6900
- Selling Rate: ₱66.8500
- GBP to PHP:
- Buying Rate: ₱73.2200 – ₱75.9500
- Selling Rate: ₱77.1900
You can find more information on Metrobank’s exchange rates and services by visiting their website or contacting their customer service at:
- Phone: (02) 88-700-700 (domestic toll-free 1-800-1888-5775)
- Email: mailto:customercare@metrobank.com.ph or mailto:support@metrocapitals.com
Metrobank also offers:
- Online Banking: manage accounts, transfer funds, pay bills
- Remittance Services: send money to the Philippines 24/7
- Mobile Banking: convenient access to banking services
For the most up-to-date information, it’s best to visit Metrobank’s official website or consult with their customer service ³ ⁴.
What are the current loan options available?
Metrobank offers various loan options to cater to different financial needs. Here are some of the current loan options available:
Loan Options:
- Personal Loan: A multi-purpose loan with flexible payment terms of up to 36 months and interest rates as low as 1.25% per month. You can borrow up to ₱2 million, and the loan can be used for emergencies, weddings, education, or travel expenses.
- Home Loan: Designed for purchasing or renovating a property, with competitive interest rates and flexible payment terms of up to 20 years. You can borrow up to 80% of the appraised value of the property.
- Auto Loan: For purchasing a new or used vehicle, with interest rates starting at around 5% per annum and repayment terms of up to 5 years.
- Business Loan: Tailored to support the financial needs of businesses, including term loans, working capital loans, and trade finance.
- Salary Loan: A type of personal loan designed for employees, offering convenient repayment terms with automatic salary deductions.
Key Features:
- Flexible repayment terms: Choose from various repayment terms to suit your financial situation.
- Competitive interest rates: Enjoy competitive interest rates for home, auto, and personal loans.
- Easy application process: Apply online or in-person at a Metrobank branch.
- Fast loan approval: Get approved in as little as 7 banking days for personal loans.
Eligibility Requirements:
- Age: 21-65 years old for most loan types, with some variations for auto loans (18 years old minimum).
- Income: Varies by loan type, but generally requires a stable income or proof of financial stability.
- Credit history: A good credit score is often required to qualify for a loan ¹ ² ³.
What does Metrobank’s interest rates compare to other banks?
Metrobank’s interest rates vary depending on the type of account and deposit amount. Here’s a comparison with other banks:
Time Deposit Interest Rates
- Metrobank:
- USD Time Deposit: 0.05% – 0.50% per annum, depending on the deposit amount and term
- PHP Time Deposit: 4.125% – 4.500% per annum for 1-12 months, depending on the deposit amount
- Security Bank:
- PHP Time Deposit: 1.56% – 3.64% per annum for 1-12 months, depending on the deposit amount
- USD Time Deposit: 1.05% – 2.40% per annum for 1-12 months, depending on the deposit amount
- Bank of Commerce:
- Peso Savings Account: 0.125% per annum
- US Dollar Savings Account: 0.125% per annum
Savings Account Interest Rates
- Metrobank:
- Regular Savings: rates not available
- Bank of Commerce:
- Peso Savings Account: 0.125% per annum
- US Dollar Savings Account: 0.125% per annum
- Digital Banks:
- GOtyme: up to 4.88% per annum for Basic Deposit Accounts
- SeaBank: up to 4.00% per annum for Personal Goals Accounts
- UNObank: up to 5.00% per annum for UNOBoost Time Deposit Account
- CIMB Bank: up to 5.25% per annum for MaxSave Time Deposit accounts
Keep in mind that interest rates are subject to change and may vary depending on market conditions. It’s best to check with the banks directly for the most up-to-date rates ¹ ² ³.
What are the requirements for an opening account?
To open a Metrobank savings account, you’ll need to meet the following requirements:
Identification Requirements:
- One valid photo-bearing ID with your signature, such as:
- Government-Issued IDs:
- Passport (including those issued by foreign governments)
- Driver’s License
- Voter’s ID
- Professional Regulation Commission ID
- Postal Identity Card
- Other Accepted IDs:
- School ID (authorized by school authorities)
- Company ID (with signature)
- Senior Citizen Card
- Overseas Filipino Worker ID or e-card
- Seaman’s Book
- Government-Issued IDs:
Additional Requirements:
- Initial Deposit: ₱2,000 for a regular savings account
- Proof of Address: Some banks may require proof of billing or address, like an electricity or water bill
- Photos: Two recent passport-size photos (1×1 or 2×2 colored)
- Tax Identification Number (TIN): May be required for account opening
Special Requirements for Specific Accounts:
- Spark Savings Account (for young Filipinos aged 7-21):
- No initial deposit required
- Maintaining balance of ₱500 required after 12 months
- One valid photo-bearing ID with signature
- MetroDollar Savings Account:
- Initial deposit of $500 USD
- One valid photo-bearing ID with signature
- Address proof document.
