And the money can be accessible for the OFWs children’s schooling anytime, anywhere through Metrobank branches as well as BancNet, MegaLink, and ExpressNet ATMs.
No initial deposit or maintaining balance is required, and to add to the convenience, foreign currency remittance is automatically converted into Philippine pesos, thus saving your family members the trouble of having to change them to local currency.
However, if the bank accountholder wants to keep the money in dollars instead of converting them to pesos, the OFW Dollar Savings Account is available.
For beneficiaries without a Metrobank account, they can use the World Cash Card to access the remittances made by family members abroad. It is a stored cash card that allows easy withdrawals of the remitted money via ATM.
Likewise, there is no need for an initial deposit or a maintaining balance, and there are no additional charges for transactions. With Metrobank’s Cash Pick-Up services, beneficiaries without a Metrobank account can also choose to claim their remittances at over 600 Metrobank branches nationwide.