With the rise of technology and the internet, banking has become more convenient and accessible than ever before. Gone are the days of long lines and paperwork. Today, banking can be done anywhere, anytime, with just a few clicks on your smartphone or computer.
In the Philippines, digital banks are gaining popularity for their ease of use, low fees, and innovative features. Here are the best digital banks in the Philippines that you can consider:
1. CIMB Bank Philippines
CIMB Bank Philippines is a digital bank that offers a wide range of financial products and services, including savings accounts, loans, and credit cards. It is known for its high-interest rates, low fees, and user-friendly mobile app.
One of the unique features of CIMB Bank Philippines is its UpSave account, which offers an interest rate of up to 4% per annum, one of the highest in the market. You can also open an account with no initial deposit and no maintaining balance.
2. ING Philippines
ING Philippines is another digital bank that offers savings accounts and loans. It is known for its high-interest rates, zero fees, and hassle-free banking experience. It also has a user-friendly mobile app that allows you to check your balance, transfer funds, and pay bills.
One of the unique features of ING Philippines is its Save account, which offers an interest rate of up to 4% per annum. You can also open an account with no initial deposit and no maintaining balance.
3. UnionBank Online
UnionBank Online is the digital banking arm of UnionBank, one of the largest banks in the Philippines. It offers a wide range of financial products and services, including savings accounts, loans, and credit cards.
One of the unique features of UnionBank Online is its EON account, which is a fully digital account that you can open in just a few minutes. It also has a mobile app that allows you to check your balance, transfer funds, and pay bills.
4. DiskarTech
DiskarTech is a digital bank that was launched by the Department of Finance and the Bangko Sentral ng Pilipinas. It is designed to provide financial inclusion to Filipinos who do not have access to traditional banking services.
One of the unique features of DiskarTech is its low fees, which are significantly lower than those of traditional banks. It also has a mobile app that allows you to transfer funds, pay bills, and buy load.
5. Komo
Komo is a digital bank that was launched by EastWest Bank, one of the largest banks in the Philippines. It offers savings accounts, loans, and insurance products.
One of the unique features of Komo is its high-interest rates, which are among the highest in the market. It also has a mobile app that allows you to check your balance, transfer funds, and pay bills.
6. GSave
GSave is a digital bank that was launched by GCash, one of the largest mobile wallets in the Philippines. It offers a savings account that allows you to earn interest and withdraw your money anytime.
One of the unique features of GSave is its integration with GCash, which allows you to transfer funds between your GSave account and your GCash wallet. It also has a mobile app that allows you to check your balance and transfer funds.
7. Tonik
Tonik is a digital bank that was launched in the Philippines in 2021. It offers savings accounts, loans, and debit cards.
One of the unique features of Tonik is its high-interest rates, which are among the highest in the market. It also has a mobile app that allows you to check your balance, transfer funds, and pay bills.
Conclusion
These are the best digital banks in the Philippines that you can consider. Each bank has its own unique features and benefits, so it’s important to choose the one that best suits your needs and preferences.
Whether you’re looking for high-interest rates, low fees, or a hassle-free banking experience, these digital banks have got you covered. So why wait in line at a traditional bank when you can bank anytime, anywhere with just a few clicks on your smartphone or computer?