Metrobank has removed the maintaining balance requirement for its eSavings account, easing a common banking condition that often discourages customers from keeping savings accounts active during financially difficult periods.
The bank said the update is aimed at giving depositors more flexibility in managing their funds amid rising living costs and economic uncertainty.
“We are continuously developing our products to adapt to the customers’ needs,” said Ramon del Rosario, head of Metrobank’s Consumer Banking Sector.
“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.
Under the revised setup, accountholders will no longer face penalties or risk account closure for falling below a required balance threshold.
Metrobank said first-time deposit clients can open an eSavings account through the Metrobank mobile app using a single valid ID. The account also includes four free monthly InstaPay transfers through rebates.
The bank is positioning the product as an entry-level digital savings account designed for everyday transactions and small-scale savings, particularly for customers who may not consistently maintain higher account balances.
Metrobank also promoted its Online Time Deposit product for customers looking to earn higher returns on excess funds through digital banking channels.
At present, the eSavings account is available only to first-time Metrobank deposit clients.
