Metrobank has a system for sending money to the Philippines, mainly for Overseas Filipino Workers (OFWs) and their families. It’s a top financial institution that makes sending money easy. It offers different ways to send money, meeting the needs of those abroad.
This guide helps you find the best way to send money, whether it’s fast or through many cash pick-up spots. It talks about Metrobank’s partners, like Transfast and Wise, in places like the UAE, Dubai, Qatar, and Oman.
Getting money from Metrobank is easy, with many ways to receive it. You can get it directly into your bank, at over 14,000 cash pick-up spots, or through mobile wallets like GCash. A GCash account can hold up to 100,000 PHP, which is great for many people.
Transfast is a key partner of Metrobank, making it simple to send money. Recipients can pick up their money at banks and local spots worldwide. This makes sending money through Metrobank safe, easy, and affordable.
How to Receive Metrobank Remittance
Getting Metrobank remittance is now easy, thanks to many options in the Philippines. You can have funds put directly into your account or withdraw cash from a partner location. A popular choice is the Metrobank to GCash service, making money transfers simple and local.
- Bank Deposit: Receiving Metrobank remittance directly into your Metrobank account is easy. Just give the sender your account number and full name.
- GCash: To get remittance via GCash, the sender picks the GCash transfer option. You’ll need to share your mobile number linked to your GCash account. GCash lets you quickly use your funds for various needs.
- Cash Pick-Up: Metrobank has many pick-up spots, like HB Money Transfer, with good exchange rates and a wide network. To get your money, show your ID and the 16-digit pin from the sender at places like Globe G-Cash or Palawan Pawnshop.
Remember to have these ready when claiming remittances:
- Your full name as it appears on your ID
- Your contact number
- A valid ID (like a passport, driver’s license, or government ID)
- The reference number from the sender
After getting your Metrobank remittance, like through Metrobank to GCash, you can use your money for many things. This makes it fast and easy for you.
Remittances are key to the Philippine economy, thanks to OFWs. Metrobank offers many options to meet the needs of Filipinos. This supports convenience, reliability, and security. Always give correct details to avoid any problems during the transaction.
Guide to Metrobank Cash Remittance Partners
Metrobank has a big network with many cash remittance partners worldwide. This makes it easy and convenient for people in the Philippines to get money. They work with banks, money transfer services, and local places to make sending money better.
People can pick up their money at over 11,000 places in the country. You can find these places at PSBank, PeraHub, and LBC. This means money is easy to get, no matter where you are.
Here’s a list of some of Metrobank’s main partners and where you can find them. This shows how wide their reach is and how reliable they are.
| Remittance Partner | Metrobank Remittance Outlets |
|---|---|
| PSBank | PSBank Branches Nationwide |
| PeraHub | PeraHub Locations Across the Philippines |
| LBC Express | LBC Branches Nationwide |
| MoneyGram | Over 3,000 Metrobank Locations |
| Western Union | Various Metrobank Branches |
Metrobank’s big network helps them meet their goal of easy service. It also makes people trust them more. With many places to get money, Metrobank really helps people all over the Philippines.
Metrobank Remittance Services and Tracking
Metrobank offers a variety of remittance services to send money safely and quickly. A key feature is Metrobank remittance tracking in real-time. This lets both the sender and receiver keep an eye on the status of the transfer.
When you start a transaction, you get a special security code. This code is vital for Metrobank transfer tracking services. It helps you see how the payment is doing and when it will arrive. You can track every step of the transfer for a smooth process.
Metrobank is known for its secure and reliable services. Other services like Remitly and Wise also offer real-time tracking. These services have high trust scores and happy customers.
Here’s a look at different money transfer services and what they offer:
| Service Provider | Transfer Speed | Fees | Exchange Rates |
|---|---|---|---|
| Xe | Within Minutes | $0 | Low Fees |
| Remitly | Within Minutes | Quick and Affordable | Fast Transfers |
| OFX | 24 Hours | $0 | Competitive |
| Wise | Within Minutes | Inexpensive | 45+ Currencies |
| MoneyGram | Fast | Varies | Global Cash Pick-up |
| Instarem | Within an Hour | $0 | Inexpensive |
| Loop | 1 Day | Low FX Rates | Low Fees |
Using Metrobank’s remittance services and Metrobank remittance tracking makes sending money easy and clear.
Fees and Conversion Costs for Metrobank Remittance
It’s key to know the fees and costs for sending or getting money across borders with Metrobank. The fees change based on your account type and how you send the money. For example, the MetroDollar Savings Account needs a $500 USD minimum balance. The U.S. Pensioner Account requires just $100 USD.
Both accounts must keep at least $500 USD to earn interest. The Corporate MetroDollar Savings Account, on the other hand, starts at a $10,000 USD balance.
Also, the way Metrobank changes currencies can affect your costs. They charge fees for handling and swapping currencies. These fees are 1.40% or 1% (0.0025%) for withdrawals within five days of deposit.
There are also extra fees for using ATMs abroad. You’ll pay $1 USD for checking your balance and $3.50 USD for cash withdrawals. Sending money from a foreign bank to Metrobank costs $5 USD. And, there are fees for not keeping the minimum balance, ranging from $5 USD to $50 USD.
To cut down on fees, think about using Wise. It offers clear fees and exchange rates. Wise is great for sending money to over 160 countries without breaking the bank. Plus, you get the best rates, avoiding surprise costs. For more tips on saving on currency exchange, see this guide.
