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Metrobank Maintaining Balance Penalty/Service Charge

One of the top banks of the Philippines, Metrobank like any other banks is running a lending business that needs constant flow of money coming in. To sustain its operations, Metrobank requires service charge or penalty for accountholders falling below their required maintaining balance. To avoid the service charge, you should know the corresponding service charge of the type of account you're applying for.

This a table of Metrobank's Required Minimum Maintaining Balance and Service Charge/Fee as of January 1, 2013:

PRODUCT	INITIAL DEPOSIT	MAINTAINING BALANCE	Service Fee/Penalty on Accounts below minimum monthly ADB (for 2 consecutive months)+
Passbook
Passbook Savings	P 10,000.00	P 10,000.00	P 300.00
OFW	waived	waived	P 300.00
SSS Pensioner	P 100.00	P 10,000.00	P 300.00
US Pensioner	P 500.00	P 500.00	P 300.00
Metrobank e-Teller (ATM)
Savings	P 2,000.00	P 2,000	P 300.00
OFW	waived	waived	n.a.
SSS Pensioner	P 100.00	P 100.00	P 300.00
Checking	P10,000.00	P10,000.00	P 300.00
AccountOne
with ATM	P 25,000.00	P 25,000.00	P 300.00
w/o ATM	P 25,000.00	P 25,000.00	P 300.00
MetroCheckingExtra	P 15,000.00	P 15,000.00	P 300.00
Fun Savers Club	P 500.00	P 500.00	P 300.00

As you notice, Metrobank's service fees on accounts below minimum maintaining balance are mostly 300 pesos. So it's very easy to remember the figure for your reference.

What do you think of Metrobank's maintaining balance? Is is cheaper than other major banks in the Philippines?

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"Metrobank Maintaining Balance Penalty/Service Charge" was written by Mary under the Banking category. It has been read 42918 times and generated 2 comments. The article was created on 06 June 2013 and updated on 06 June 2013.

Total comments : 13

Comments display order:

janice pababero [Entry]

Pag nagclose account ang atm at don sa account number nya naihulog ang pera gaano katagal ito maayos

April ann diaz [Entry]

Ofw po ako bakit meron po akong service charge pra sa anu po yong binawasn 300.. paki sagot lng po and slmat

Mitch [Entry]

Guys please help me,,,how to cancel the credit account in metro bank,,,,,pinakansel kuna nung march 5 tapos nung pumunta ako sa metrobank para withdraw pera pero hold daw,,,,d padaw cancel yung credit card,,,,kainis pa,,,nagbawas pa cla ng 300 serves charge ,,,,yung pangit pa dto hnd naman talaga dumating yung card sakin,,i hate so much metro bank,,,,never again,,,,,grrrr,,,

Joy [Entry]

MB ATM savings account MAINTAINING BALANCE is the REQUIRED MAINTAINING before end of the month. Why they deducted 300 service charge!!! So sad!!!! Sa lahat ng bank eto yung naCHACHARGE ng walang reason.

Edlyn Agamata [Entry]

They have deducted 600php twice on my savings account.

Marivel Cordovez [Entry]

My maintaining balance was below only for this month, as what I understand above policy, charge or penalty of 300pesos is monthly basis. How come my all money has gone and zero balance! Please explain.

Thank you.

Alzon Glyn Flores [Entry]

This is quite annoying: I have linked my ATM card to paypal and have successfully transacted several times... and then all of a sudden it got reversed, and reversed, and reversed.... for 3 times, each with a P250 deduction. I was told my transaction was rejected due to a mismatch in names, how could that be (I only have one name - and I'm using the exact same name in both accounts), and why only after several transactions? And then I came to a conclusion, of course also after reading the comments above, that this bank is another venue to scam people's money with ease, scheming behind subtle policies and the sloth-running-system... will I get refunded? tsk... with the time wasted, the energy, and emotional damages they caused, and the advice receive from the customer service saying: you have to wait approximately within 35 banking days for the result - with no assurance that your problem would actually be fixed in the end, and so you have to LABOR again starting to square one - YOU JUST HAVE TO GIVE UP and sign with regret: you should never have trusted the bank the first time. Amen.

Peter john morante [Entry]

Its been two times that you have deducted 300 pesos in my checking account cab you pls check why i maintain 10000 pesos per month how come that you deducted me 300 pesos can you pls explain ang pls return the money that you haved deducted

Zuraida Mohamad [Entry]

Metrobank Debit Card and gamit ko, OFW. Noong huling nag check ako ng account ko tru metrobank direct eh may 300 php plus pa. Bakiit po ngayon, yung total balance na sinasabi dun 900.00(-)? Anu pong ibigsabihin nun? Tapos may service charge na 300? Nakalagay sa taas na list, kapag OFW eh N.A ang service fee. Please I need an answer po, paanu ko malalaman kung safe ako maghuhulog sa atm ko kung nababawasan pala yung pera ko dun?

MARIANNE S. LISING [Entry]

THIS IS THE FIRST TIME THAT I CHECK MY BALANCE ON AFTER WITHDRAWING ON THE EASTWEST/BANCHNET ATM MACHINE. I NOTICE THAT EXCEPT ON DEDUCTION OF 11 PESOS ON WITHDRAWING CASH YOU ALSO DEDUCTED 300 PESOS FOR WHAT? I ALWAYS SECURE MAINTAINING BALANCE TO AVOID SERVICE CHARGE!!! WILL YOU PLEASE EXPLAIN THAT!!! MEANING MY MONEY WAS NOT SAFE ON MBTC ATM CARD????????? YOU WILL DEDUCTED MONTHLY SERVICE CHARGE? WHAT THE H*** ONE THING MORE LAST TIME I JUST INQUIRE FOR MY BALANCE AT ATM BPI IT DEDUCTED 500 PESOS ON MY SAVINGS..

Ducks [Entry]

how can i view my statement for the past year? it seems it will only capture 3 months. thanks.

jenniferloreto [Entry]

How can I inquire balance in Metrobank online? Please answer.

Guest [Entry]

This might help you: "How to Inquire Account Balance in Metrobank Online"