Metropolitan Bank & Trust Co. (Metrobank) has removed the maintaining balance requirement for its eSavings account, allowing customers to keep their accounts active even if balances fall below previous thresholds.
The Ty family-led lender said the move aims to give customers greater flexibility in managing their finances as households contend with rising living costs.
“We are continuously developing our products to adapt to the customers’ needs. Removing the maintaining balance requirement gives them more flexibility to manage their money, especially at a time when everyday expenses continue to rise. It allows them to keep their accounts active without pressure, use their funds when needed, and still build the habit of saving at their own pace,” Metrobank Consumer Banking Sector Head Ramon Del Rosario said.
Metrobank said first-time deposit clients can open an eSavings account through the Metrobank App using one valid identification card.
The bank said the eSavings account is currently available only to first-time Metrobank deposit clients.
