The Philippines was ranked 10th in a list of top emigration countries which also included Mexico, India, Russia, China, Ukraine, Bangladesh, Pakistan, the United Kingdom and Turkey.

It also ranked 10th in the top migration corridors with emigrants going to the United States.Do you want to know the latest conversation of your desired currency?

Do you want to know the latest foreign exchange rate in the Philippines?

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As of this year the Philippines had a total of 4.28 million emigrants, accounting for 4.6% of its population. Top destinations were the US, Saudi Arabia, Canada, Malaysia, Japan, Australia, Italy, Qatar, the United Arab Emirates and the UK. -- Jo Javan A. Cerda

An ATM savings account offered especially to overseas Filipinos and their beneficiaries. Initial deposit is only P50.00, with no maintaining balance.


*You can withdraw your money at over 803 Metrobank and 8,000 Bancnet, Megalink and Expressnet ATMs nationwide. Shop abroad in any Maestro-accredited establishment, or get cash in Cirrus-accredited banks in the currency of the country you're visiting.


Feature


Peso Savings (ATM/Passbook)


Initial Deposit: PHP 50


Maintaining Balance : Waived


Balance to earn Interest

PHP 5,000 (E.T.)

PHP 10,000 (Passbook)

Auto Closure: Closed if zero balance for 3 months


Conversion to Regular Account


If no foreign remittance for 6 months


How to open:


1.) Just visit any Metrobank branch and present any of the

following identification documents:


* Passport

* Driver’s License

* Professional Regulation Commission (PRC) ID

* National Bureau of Investigation (NBI) Clearance

* Police Clearance

* Postal ID

* Voter’s ID

* Barangay certification

* Government Service and Insurance System (GSIS) e-Card

* Social Security System (SSS) Card

* Philhealth card

* Senior Citizen Card

* Overseas Workers Welfare Administration (OWWA) ID

* Overseas Filipino Worker (OFW) ID

* Seaman’s Book

* Alien Certification of Registration (ACR)/Immigrant Certificate of Registration (ICR)

* Government office and GOCC ID (e.g., Armed Forces of the Philippines (AFP), Home Development Mutual Fund (HDMF ID)

* Certification from the National Council for the Welfare of Disabled Persons (NCWDP)

* Department of Social Welfare and Development (DSWD) Certification

* Integrated Bar of the Philippines ID

* Company IDs issued by private entities or institutions registered with, supervised or regulated either by the BSP (see Exhibit A), SEC (i.e., corporations and partnerships) or IC (i.e., life and non-life insurance companies).

* Student ID issued and duly signed by the principal or head of the school.


2.) Submit the following requirements:

1. latest 2X2 picture

2. Clear photocopies of the valid ID presented

3. Endorsement Letter (Optional)


3.) Accomplish and submit account opening application form.

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