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Jan 7, 2023 · Best Digital Bank to Grow Your Savings: Tonik: Best Digital Bank for Foreign Remittances: Overseas Filipino Bank (OFBank) Best Digital Bank for Micro, Small, and Medium Enterprises (MSMEs) Maya Bank: Best Digital Bank for Overall Functionality: CIMB: Best Digital Bank for the Mass Market: Diskartech: Best Digital Bank for Ease of Account ...
- Maya Bank. Total Deposits (as of June 2023) ₱24,869,971,220.54. Interest Rate. 4% per annum (Personal Goals account) up to 3.5% – 14% per annum (Savings account)
- UnionDigital. Total Deposits (as of June 2023) ₱20,095,966,905.05. Interest Rate. 3% per annum (accounts with below ₱5 million) 4% per annum (accounts with above ₱5 million)
- Tonik Bank. Total Deposits (as of June 2023) ₱8,177,217,539.47. Interest Rate. 4% per annum (Solo stash) 4.5% per annum (Group stash) 6% per annum (Time deposit)
- Overseas Filipino Bank. Total Deposits (as of June 2023) ₱3,162,524,105.12. Interest Rate. 1% per annum (accounts with ₱0.01 to ₱20,000) 2% per annum (accounts with ₱20,000.01 to ₱100,000)
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- Analyst, Digital Banking in Asia
- UnionDigital Bank. UnionDigital Bank is a fully digital bank and a subsidiary of UnionBank of the Philippines. The bank aims to bridge the gap between innovation and opportunity to provide retail banking solutions to its customers.
- Tonik. Tonik is a neo-bank launched in 2021 and approved by the Bangko Sentral ng Pilipinas. It is the first all-digital bank in the Philippines. Tonik bank also provides some of the country’s highest interest rates on deposits, making it one of the most popular digital banks.
- UnionBank Online. UnionBank is the ninth largest commercial bank in the Philippines, with total assets of ₱ 949,639.29 million in 2022. The digital banking service of the bank was launched to facilitate online account opening and maintenance services for users.
- CIMB The Philippines. CIMB The Philippines is a subsidiary of the CIMB bank of Malaysia. The bank provides an all-inclusive digital banking solution to its customers.
- UnionBank Online. UnionBank Online is a prime example of traditional banking succeeding in going digital. While physical branches are ready to serve customers, what’s great about signing on with UnionBank is that you can accomplish everything online—bank trips are not a prerequisite.
- CIMB Bank Philippines. Chances are that users of CIMB got their start via GCash. Looking into this e-wallet for a moment, it’s evident that one of its star features is “Save Money,” AKA GSave, which allows users to deposit money from their main wallet into a savings account.
- ING Philippines. Awarded the Most Innovative Mobile Savings App Philippines this year, ING is the completely digital bank that has earned an edge over the years.
- ING. ING is perhaps the most sophisticated virtual bank on this list. The international bank is in more than 40 countries with almost 40 million customers.
- CIMB. CIMB is a growing global virtual bank with headquarters in Malaysia. Like ING, you can cash in, transfer money, and pay bills and loans completely online, but with CIMB you can also load your phone.
- GCash. GCash partnered with CIMB to set up its Save Money (GSave) feature, which acts as a GCash savings account, complete with high-interest rates and access to deposits and withdrawals from the GCash app.
- UnionBank. UnionBank has been named the best digital bank in the Philippines, although it’s not a branchless bank like ING and CIMB. UnionBank’s online banking innovations set the standard for mobile banking in the Philippines with its efficient app.
Jan 7, 2023 · 1. Minimal Bank Fees. 2. Low Maintaining Balance. 3. Few or No Limitations on the Number or Method of Transactions. 4. Accessible Location of the Bank and Its ATMs. 5. Secure Online and Mobile Banking. 6. Verifiable Deposit Insurance. 7. Competitive Interest Rate/s. 8. Reliable and Efficient Customer Service.
Nov 6, 2023 · Komo by Eastwest. SeaBank. BPI’s BanKo. OwnBank. What is a Digital Bank in the Philippines. As defined by the BSP, a digital bank largely offers financial products and services that are processed end-to-end through a digital platform and/or electronic channels with minimal to no reliance on physical touchpoints. It could: grant loans.
