Metrobank Savings Account

• Metrobank Savings Account Review

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph Regulated by Bangko Sentral ng Pilipinas Tel.

Metro Bank’s instant access account gives you complete freedom to withdraw from your savings at your convenience, along with interest paid annually or monthly. Fixed Rate Bonds You can access higher rates of interest, if you are willing to lock up your savings for a prolonged period of time. Log in using your existing Metrobank username and password. Follow the instructions on screen. Once you are on Metrobank Online, all your accounts, billers, peers, and beneficiaries are auto-enrolled. Our savings accounts Whether it’s your next holiday, your first home or saving for your future, our simple range of savings accounts can help you reach your goals. And with some of the best interest rates on the high street and no hidden fees or charges, you’ll reach them even faster. If you have an account with Metrobank – ATM or Savings Passbook or Checking Account or Time Deposit in Peso or Foreign Currency denominations – you can enroll all these for online banking access. Once enrolled, it will be easy for you to check your account balance any time as long as you have internet connection.

Eligibility

You can apply to open a Cash Account if:

• You’re aged 11 or older
• You're resident in the UK. You’ll also need to provide proof of your identity and address. If you’re a non-UK, EU, EEA or Swiss national you’ll need a valid visa/residence permit. Here’s a list of what you need

Younger customers

If you’re aged between 11 and 15, please come in store with your parent or guardian to open a Cash Account. Read through section 3 of our list of what you need to make sure you bring the right documents.

Taking money out of your Cash Account

You can withdraw a maximum of £300 a day from cash machines using your cash card. You can also take money out in store – a maximum of £300 a day if you’re aged between 11 and 15 and up to £1,000 if you’re 16 or over.

If you want to withdraw more than £1,000 you’ll need to give us one weekday's notice.

Keep a close eye on your money

You can now choose to receive alerts from your Metro Bank mobile banking app every time your credit or debit cards are used to make a transaction. This includes payments in shops, online purchases and cash machine withdrawals. Find out more

Payments

You can make Faster Payments in store, over the phone, via your Internet Banking or using the latest version of our Mobile Banking app. CHAPS payments can be made in store or over the phone and if the payment is made before 2pm on any working day it will usually reach the recipient on the same day. CHAPS payments made after 3pm will mean that the recipient receives your payment the next working day.

Cheques

Cheques normally take 4 working days to process. If you’d like to know how quickly you can withdraw your funds after a cheque has been paid into your account you can take a look at our cheque clearance guide.

Important: Cheques will begin to be processed as soon as they are received by a bank, which could be on the same day as it’s written. Please ensure you have enough money in your account to cover all your payments, including cheques, to avoid becoming overdrawn.

What the account doesn't offer

To keep it simple there are some restrictions on how you use this account.

• Limited overseas use – you can't use your cash card outside the United Kingdom, except where the Link logo is displayed on a cash machine (e.g. France, Gibraltar, Channel Islands and Isle of Man).

• Limited transactions – you can pay into your Cash account however you like, but you can’t set up direct debits. You can only pay for purchases online in GBP

Get all the details to read at your leisure

Metrobank Savings Account Review

Download our PDF to read when you like - it contains all the ins and outs of our Cash Account.