As the world continues to become more digital, it’s no surprise that the banking industry is following suit. Digital banking in the Philippines has grown significantly in recent years, offering a range of convenient and accessible services to customers across the country. In this article, we’ll explore the best digital banks in the Philippines and what makes them stand out.
1. UnionBank Online
UnionBank Online is one of the most popular digital banks in the Philippines, offering a range of services such as online banking, mobile banking, and e-wallets. The bank is known for its user-friendly interface, making it easy for customers to manage their finances on the go. UnionBank Online also offers a variety of features such as bill payments, fund transfers, and even investment options.
2. CIMB Bank
CIMB Bank is a fully digital bank that operates entirely online, making it a convenient option for customers who prefer to do their banking digitally. The bank offers services such as savings accounts, credit cards, and loans, all accessible through their mobile app. CIMB Bank also offers competitive interest rates, making it an attractive option for those looking to save money.
3. ING Philippines
ING Philippines is another digital bank that offers a range of services, including savings accounts, time deposits, and e-wallets. The bank is known for its high-interest rates and no minimum balance requirements, making it an attractive option for those looking to grow their savings. ING Philippines also offers a user-friendly mobile app, making it easy for customers to manage their finances on the go.
4. Komo by EastWest
Komo by EastWest is a digital bank that offers a variety of services, including savings accounts, debit cards, and e-wallets. The bank is known for its competitive interest rates and low fees, making it an attractive option for those looking to save money. Komo by EastWest also offers a user-friendly mobile app, making it easy for customers to manage their finances on the go.
5. DiskarTech
DiskarTech is a digital bank that was launched by the Philippine government to provide financial services to Filipinos who are unbanked or underbanked. The bank offers services such as e-wallets, remittances, and bills payment, all accessible through their mobile app. DiskarTech also offers low fees and no minimum balance requirements, making it an attractive option for those looking for affordable banking services.
6. GSave by GCash
GSave by GCash is a digital bank that is part of the GCash ecosystem, offering a range of services such as savings accounts, e-wallets, and even investment options. The bank is known for its high-interest rates and no minimum balance requirements, making it an attractive option for those looking to grow their savings. GSave by GCash also offers a user-friendly mobile app, making it easy for customers to manage their finances on the go.
7. PayMaya
PayMaya is a digital bank that offers a range of services, including e-wallets, remittances, and even virtual credit cards. The bank is known for its user-friendly mobile app, which allows customers to manage their finances on the go. PayMaya also offers a range of features such as bill payments, fund transfers, and even cashback rewards.
8. BPI Online
BPI Online is the digital banking arm of the Bank of the Philippine Islands, offering a range of services such as online banking, mobile banking, and e-wallets. The bank is known for its user-friendly interface, making it easy for customers to manage their finances on the go. BPI Online also offers a variety of features such as bill payments, fund transfers, and even investment options.
9. RCBC Online
RCBC Online is the digital banking arm of the Rizal Commercial Banking Corporation, offering a range of services such as online banking, mobile banking, and e-wallets. The bank is known for its user-friendly interface, making it easy for customers to manage their finances on the go. RCBC Online also offers a variety of features such as bill payments, fund transfers, and even investment options.
10. Security Bank Online
Security Bank Online is the digital banking arm of Security Bank, offering a range of services such as online banking, mobile banking, and e-wallets. The bank is known for its user-friendly interface, making it easy for customers to manage their finances on the go. Security Bank Online also offers a variety of features such as bill payments, fund transfers, and even investment options.
Conclusion
Digital banking in the Philippines has come a long way in recent years, offering a range of convenient and accessible services to customers across the country. From UnionBank Online to Security Bank Online, there are plenty of options to choose from when it comes to digital banking in the Philippines. Whether you’re looking for a fully digital bank or a traditional bank with digital capabilities, there’s a bank out there that can meet your needs.