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  1. Jan 7, 2023 · Other Recommended Digital Banks. 1. Best Digital Bank for Ease of Account Application and Verification: UnionDigital (UD) Bank. UnionDigital Bank is a digital bank subsidiary of the UnionBank of the Philippines licensed by the BSP and currently available to a select number of customers.

    • 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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  3. Jul 14, 2023 · The percentage of Filipinos using digital banks has significantly increased over the past few years. What drives people to switch to and embrace these banks is the convenience they bring in terms of creating an account and accessing your savings information.Digital banks also offer higher interest rates, more monetary control, and better security as opposed to traditional banks. If you ...

  4. Jul 8, 2023 · 3. 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.

    • Analyst, Digital Banking in Asia
  5. Apr 30, 2021 · 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. For starters, it sets new users up nicely since it operates online through and through. There’s no paperwork, no fees, and you can open an account in a few short minutes.

  6. Jul 19, 2023 · UNO Digital Bank. UNO Digital Bank offers a maximum interest rate of 4.25% per annum. For balances below PHP 5,000.00, the base interest rate is 3.50% gross per annum. Balances ranging from PHP 5,000.00 to PHP 4,999,999.99 qualify for a step-up interest rate of 4.25% gross per annum.

  7. Apr 13, 2020 · UnionBank’s online banking innovations set the standard for mobile banking in the Philippines with its efficient app. You can open a digital account, transfer funds, pay bills, and buy load all through its streamlined app. Online check deposits: Yes. Transfer charge: P0 to P10. Transfer limit: P500,000.