The top digital banks in the Philippines are Maya, OwnBank, and GoTyme. These banks offer competitive interest rates, user-friendly apps, and a wide range of digital banking services.
Best Digital Bank for Savings and Freelancers
Maya is hands down the best digital bank. The base interest rate for a savings account is 3.5% per annum but you could increase it up to 15% if you continue using Maya for bill payments, fund transfers, QR and debit card transactions, online purchases, etc. It’s also perfect for cross-border payments. (Right now, my savings account with Maya yields a 6% interest rate!)
Best Digital Bank for Time Deposit
Own Bank tops the list of digital banks offering the best interest rates for time deposits. You can earn an interest rate as high as 7.5% for a 1-year time deposit. They also offer competitive rates for 15-day, 30-day, 90-day, and 180-day time deposits.
Best Digital Bank for Students and Travelers
GoTyme Bank‘s FREE debit card and zero maintaining balance make irresistible for students. If you’re a jetsetter then you’ll surely love it even more! Earn points and rewards as you use GoTyme to pay for Cebu Pacific airline tickets, shop for groceries at Robinson’s, Shopwise, The Marketplace, or even purchase medical supplies at Rose Pharmacy and Southstar Drug.
Best Digital Bank for Business
RCBC DiskarTech‘s 14 different types of loan options make it the best digital bank for small business owners. In addition to offering the highest base interest rate at 6.5% for savings accounts, business owners can take advantage of various loan options like Tricycle Loan, Multicab Loan, Negosyo Loan, Car Loan, and many others.
Are you tired of long lines and endless paperwork at traditional banks? Discover the best digital banks in the Philippines that offer safe and convenient banking right at your fingertips!
These digital banks provide secure transactions and user-friendly apps, ensuring your money is in good hands. Plus, they offer features tailored to your busy lifestyle, making managing your personal finances a breeze.
If you’re interested to learn about the best banks in the Philippines, you may also read our other post.
Curious about which digital banks stand out from the rest? Stick around as we explore your top options that can revolutionize the way you bank, making your financial life simpler and more efficient!
Not sure how to choose a digital bank for your needs? Read our other post.
Key Takeaways
- Digital banks offer higher interest rates and lower fees compared to traditional banks.
- Top digital banks in the Philippines include Maya, CIMB Bank, Tonik, GoTyme, and SeaBank.
- When choosing a digital bank, consider factors like security, interest rates, user experience, and available features.
- Most digital banks offer easy account opening processes, typically requiring just one valid ID and a selfie.
- Digital banks provide convenient services like free fund transfers, bills payment, and mobile check deposits.
- Look for digital banks that are BSP-licensed and PDIC-insured for added security.
- Consider your specific financial needs and goals when selecting a digital bank.
What is a Digital Bank?
A digital bank (often coined as neobank) is a financial institution that operates exclusively online, allowing you to manage your banking needs without stepping into a branch. Digital banks are reshaping the way we think about banking. They offer a blend of convenience, security, and competitive rates that fit perfectly into the lives of busy Filipinos.
Features
Here’s what you can expect from a digital bank:
- Convenience: Access your account anytime, anywhere—perfect for the busy lifestyle of Filipino millennials and young professionals.
- User-Friendly Apps: Most digital banks offer sleek, intuitive apps that make banking easy. You can check your balance, transfer money, and even apply for loans with just a few taps. A well-designed platform can enhance user experience.
- No Physical Branches: This means lower overhead costs, which translates to better rates for you! Digital banks can often offer higher interest on savings and lower fees than traditional banks. As a business owner, I know how important it is to analyze costs and benefits, and digital banks usually score higher on both.
Benefits of Using Digital Banks
Switching to a digital bank comes with several perks, especially for those of us who juggle work and personal life. Here are some key benefits:
Lower Fees
Say goodbye to monthly maintenance fees and transaction charges. Digital banks typically have fewer fees than their traditional counterparts.
Higher Interest Rates
Enjoy better returns on your savings. Many digital banks offer competitive rates than traditional banks that can help your money grow faster.
Quick Transactions
Deposit checks, transfer money, and pay bills in real time. It’s fast and efficient—ideal for business owners who need to keep their finances in check.
Enhanced Security
Digital banks use advanced encryption and security measures to protect your information. As someone who discusses financial safety on this blog, I can assure you that your money is in good hands.
How Digital Banks Work
Digital banks utilize technology to provide services typically offered by traditional banks but in a more efficient and accessible way. Here’s how they operate:
- Account Opening: You can open an account via their mobile app or website, often in just a few minutes. You don’t need to appear in person, no paperwork, no hassle!
- Online Services: Everything is managed online—bank transfers, bill payments, and even customer service through chat features.
- Regulatory Compliance: Digital banks are regulated by the Bangko Sentral ng Pilipinas (BSP), ensuring they follow strict guidelines to keep your deposits safe.
Comparison Table of the Best Digital Banks in the Philippines
To help you make an informed decision, here’s a handy comparison of the top digital banks in the Philippines for 2025.
This table outlines key features, fees, and interest rates, making it easier for you to choose the right bank for your financial needs.
| Digital Bank | Savings Interest Rate (per annum) | Loan Options |
|---|---|---|
| 1. Maya | 3.5% base (up to 15%) | Personal Loan |
| 2. RCBC DiskarTech | 6.5% | 14 Types of Loans |
| 3. OwnBank | 6% (Own It), 6.55% (Own Wish), 6.3% (15-day Time Deposit), 6.5% (30-day Time Deposit), 6.8% (90-day Time Deposit), 7.0% (180-day Time Deposit), 7.5% (360-day Time Deposit) | None |
| 4. SeaBank | 4.5% (under ₱400,000), 3% (in excess of ₱400,000) | 10 Types of Loans |
| 5. UNO Digital Bank | 4.25% base (up to 6%) | UNO Loan |
| 6. GoTyme | 4% | None |
| 7. NetBank Mobile | 4%, 6% (6-month Time Deposit), 7% (12-month Time Deposit) | None |
| 8. Tonik | 1% (savings), 4% (Stashes), 6% (Time Deposit) | 2 Types of Loan |
| 9. UnionDigital | 3% (below ₱5M), 4% (above ₱5M), 5.5% (30 days Time Deposit), 5.625% (60 days Time Deposit), 5.875% (90 days Time Deposit), 6.25% (180 days Time Deposit), 6.5% (1 Year Time Deposit) | UD Loans |
| 10. CIMB Bank | 2.6% | Personal Loan |
| 11. Komo Bank | 2.5% | 4 Types of Loan |
Top Digital Banks in the Philippines 2025
With the rise of digital banking, it’s essential to know which banks stand out in the Philippine market. Here’s a look at the top digital banks for 2025, each offering unique features to cater to your financial needs.
1. Maya
Maya, formerly known as PayMaya, is a comprehensive digital banking platform in the Philippines. It’s not just a digital wallet anymore; Maya has evolved into a full-fledged digital bank offering a wide range of financial services.
Licensed by the Bangko Sentral ng Pilipinas (BSP), Maya combines the convenience of a digital wallet with the robust features of a traditional bank, catering to the modern Filipino’s financial needs.
Key Features and Services Offered
- Maya Savings Account
- Up to 15% p.a. interest rate on savings
- No maintaining balance required
- Real-time crediting of interest
- Maya Credit
- Instant cash loans up to ₱250,000
- Flexible payment terms
- No collateral required
- Maya Crypto
- Buy, sell, and hold cryptocurrencies
- Start with as low as ₱1
- Maya Card
- Free virtual card for online transactions
- Physical Mastercard available for ATM withdrawals and POS purchases
2. OwnBank
OwnBank is a digital banking platform launched by Rural Bank of Cavite. It operates as a digital-only bank, offering the convenience and innovation of a fintech company.
Referral Code: 8EKQ9W
OwnBank aims to provide accessible, user-friendly, and secure digital banking services to tech-savvy Filipinos. OwnBank is regulated by the Bangko Sentral ng Pilipinas (BSP), ensuring compliance with Philippine banking standards.
Key Features and Services Offered
- OwnBank Savings Account
- No minimum initial deposit required
- No maintaining balance
- Competitive interest rates (up to 6% p.a.)
- Interest credited monthly
- OwnBank Debit Card
- Free virtual debit card for online transactions
- Physical Visa debit card available for ATM withdrawals and POS purchases
- Contactless payment feature
- Personal Loans
- Digital loan application process
- Competitive interest rates
- Flexible repayment terms
- Rewards Program
- Earn points on transactions
- Redeem points for various rewards or cashback
3. RCBC DiskarTech
RCBC DiskarTech is a digital banking platform launched by Rizal Commercial Banking Corporation (RCBC), one of the largest commercial banks in the Philippines.
Designed to promote financial inclusion, DiskarTech aims to provide accessible banking services to Filipinos, especially those in underserved areas. It operates as a mobile-first digital bank, offering a range of financial services through its user-friendly app.
Key Features and Services Offered
- Basic Deposit Account
- No initial deposit required
- No maintaining balance
- Interest rate of 6.5% p.a. on savings
- Fully digital account opening process
- Telemedicine Services
- Free online medical consultation through the app
- Micro-insurance
- Affordable insurance products available in-app
- Includes personal accident and life insurance options
- Sachet Loans
- Small, short-term loans available for eligible users
- Quick approval process
- DiskarTech Negosyo
- Platform for small business owners to accept digital payments
- QR code-based payment acceptance
4. SeaBank
SeaBank is a digital bank in the Philippines, operating under the umbrella of Sea Limited, a global consumer internet company. Launched in 2022, SeaBank aims to provide accessible and innovative digital banking services to Filipinos.
Get ₱50 when you sign up to SeaBank (Click this link)
It’s designed to offer a seamless banking experience through its mobile app, focusing on user-friendly interfaces and competitive financial products. SeaBank is licensed and regulated by the Bangko Sentral ng Pilipinas (BSP), ensuring compliance with Philippine banking standards.
Key Features and Services Offered
- SeaBank Savings Account
- No minimum balance required
- No maintaining balance
- Up to 4.5% p.a. interest rate on savings
- Daily interest crediting
- SeaBank Visa Debit Card
- Free virtual debit card for online transactions
- Physical Visa debit card available for ATM withdrawals and POS purchases
- Contactless payment feature
- Personal Loan
- Quick loan application process
- Competitive interest rates
- Flexible repayment terms
- Integration with Shopee
- Seamless integration with Shopee for online shopping and payments
- Special promos and cashback offers for Shopee purchases
5. GoTyme
GoTyme Bank is a digital bank in the Philippines, born from a partnership between the Gokongwei Group and Tyme, a Singapore-based digital banking group.
Launched in 2022, GoTyme Bank aims to revolutionize banking in the Philippines by combining digital innovation with a physical presence through kiosks in Robinsons stores. This unique approach blends the convenience of digital banking with the reassurance of face-to-face interactions.
Key Features and Services Offered
- GoSave Account
- No minimum balance required
- No maintaining balance
- Up to 4% p.a. interest rate on savings
- Daily interest crediting
- GoTyme Visa Debit Card
- Free personalized Visa debit card issued instantly at kiosks
- Contactless payment feature
- Can be used for ATM withdrawals and POS purchases
- GoRewards Program
- Earn points on transactions
- Redeem points for Robinsons gift certificates or cash credits
- Special promos and discounts for GoTyme users
6. CIMB Bank
CIMB Bank Philippines is the digital banking arm of CIMB Group, a leading ASEAN universal bank headquartered in Malaysia. Launched in the Philippines in 2018, CIMB Bank operates as an all-digital, mobile-first bank, offering a range of financial products and services through its app.
Key Features and Services Offered
- CIMB Savings Account
- No minimum balance required
- No maintaining balance
- Up to 2.6% p.a. interest rate
- Interest credited monthly
- CIMB Fast Account
- Quick digital account opening process
- No initial deposit required
- Comes with a virtual debit card
- CIMB UpSave Account
- Higher interest rate compared to the basic savings account
- Free life insurance coverage (up to P2 million)
- CIMB GSave Account
- In partnership with GCash
- Earn higher interest rates through the GCash app
- CIMB Visa Debit Card
- Free physical Visa debit card
- Contactless payment feature
- Can be used for ATM withdrawals and POS purchases
- Personal Loans
- Fully digital loan application process
- Competitive interest rates
- Flexible loan terms (up to 5 years)
- Special Partnerships
- Integration with GCash for the GSave account
- Partnerships with various merchants for exclusive deals and promos
7. UnionDigital
UnionDigital is the digital banking arm of UnionBank of the Philippines, one of the country’s leading universal banks. Launched in 2022, UnionDigital aims to leverage UnionBank’s digital expertise to provide innovative and accessible banking solutions to a broader range of Filipinos.
As a digital-only bank, UnionDigital focuses on delivering a seamless, mobile-first banking experience. It operates under a digital banking license from the Bangko Sentral ng Pilipinas (BSP), combining the trust and stability of an established bank with the agility and innovation of a fintech startup.
Key Features and Services Offered
- UnionDigital Savings Account
- No minimum balance required
- No maintaining balance
- Competitive interest rates (up to 4% p.a.)
- Interest credited daily
- UnionDigital Debit Card
- Free virtual debit card for online transactions
- Physical Visa debit card available for ATM withdrawals and POS purchases
- Contactless payment feature
- Personal Loans
- Digital loan application process
- Competitive interest rates
- Flexible repayment terms
- UnionDigital for Business
- Digital accounts for SMEs and startups
- Business loans and credit facilities
- Payment acceptance solutions
- Integration with UnionBank Ecosystem
- Seamless integration with UnionBank’s digital platforms
- Access to a wide range of financial products and services
8. Tonik
Tonik Bank is the first neobank in the Philippines, launched in March 2021. It operates under a digital banking license from the Bangko Sentral ng Pilipinas (BSP). Tonik aims to revolutionize the way Filipinos save and borrow money by offering innovative digital banking solutions.
With a focus on providing high-interest savings accounts, online loans and easy-to-use digital services, Tonik Bank targets tech-savvy Filipinos looking for more convenient and rewarding banking experiences.
Tonik is one of the best loan apps in the Philippines. You can also read our detailed review or Tonik.
Key Features and Services Offered
- Tonik Account
- No minimum balance required
- No maintaining balance
- 1% p.a. interest rate on savings (4% on Stashes)
- Interest credited daily
- Time Deposit
- Offers up to 6% p.a. interest rate (terms apply)
- Flexible tenors from 6 months to 24 months
- No early withdrawal penalties
- Stash
- Goal-based savings feature
- Create multiple Stashes for different savings goals
- Higher interest rates compared to regular savings
- Group Stash
- Collaborative savings feature for groups
- Set shared savings goals with friends or family
- Earn higher interest rates together
- Tonik Debit Card
- Free physical Mastercard debit card
- Can be used for ATM withdrawals and POS purchases
- Online and contactless payment enabled
- Loan Products
- Credit Builder
- Shop Installment Loan
- Unique Features
- “Solo Stash” for individual savings goals
- “Group Stash” for collaborative saving with friends or family
- Customizable virtual card designs
9. UNO Digital Bank
UNO Digital Bank is one of the newest entrants in the Philippine digital banking landscape, having received its digital banking license from the Bangko Sentral ng Pilipinas (BSP) in 2021.
Launched in 2022, UNO aims to provide innovative and inclusive financial services to Filipinos. The bank’s mission is to help customers save, borrow, transact, invest, and protect their finances through a single app.
Key Features and Services Offered
- UNO Savings Account
- No minimum balance required
- No maintaining balance
- 4.25% base interest rates (up to 6% p.a.)
- Interest credited monthly
- UNO Debit Card
- Free virtual debit card for online transactions
- Physical Mastercard debit card available (may be subject to fees)
- Can be used for ATM withdrawals and POS purchases
- Loan Products
- Personal loans
- Quick loan application process
- Competitive interest rates
10. NetBank
Netbank is a digital-first bank in the Philippines, operating under the rural banking license of Netbank (A Rural Bank), Inc. Launched in 2021, Netbank aims to provide innovative banking solutions to both individual customers and businesses. It positions itself as a technology-driven bank that offers a wide range of financial services through its digital platform.
Key Features and Services Offered
- Netbank Savings Account
- No minimum balance required
- No maintaining balance
- 4% interest rate for savings
- Interest credited monthly
11. Komo Bank
Komo (short for “Kontrol Mo“) is a digital banking platform launched by EastWest Rural Bank, a subsidiary of EastWest Bank, one of the established commercial banks in the Philippines.
Introduced in 2020, Komo aims to provide a seamless digital banking experience to tech-savvy Filipinos. It combines the stability and trust of a traditional bank with the innovation and convenience of a digital platform.
Key Features and Services Offered
- Komo Savings Account
- No minimum balance required
- No maintaining balance
- Interest rate of 2.5% p.a.
- Interest credited monthly
- Komo Debit Card
- Free physical Visa debit card
- Can be used for ATM withdrawals and POS purchases
- Online and contactless payment-enabled
- Integration with EastWest Bank
- Backed by EastWest Bank’s banking infrastructure
- Access to EastWest Bank ATMs nationwide
FAQ
Are digital banks better than traditional banks?
Yes, digital banks often offer u003cstrongu003elower feesu003c/strongu003e, u003cstrongu003ehigher interest ratesu003c/strongu003e, and u003cstrongu003egreater convenienceu003c/strongu003e due to their online-only nature. They are designed to meet the needs of tech-savvy users looking for efficient banking solutions.
How do I withdraw cash from a digital bank?
You can withdraw cash from partner ATMs or through cash deposit channels. Many digital banks have partnerships with traditional banks to provide a network of accessible ATMs.
Can I open a digital bank account without a Philippine ID?
Most digital banks require a government-issued ID for verification. However, some banks may accept alternative forms of identification, like a passport or school ID, depending on their policies.
What happens if I forget my digital bank password?
If you forget your password, most digital banks have a password recovery option. You can usually reset your password via email or SMS verification, ensuring your account remains secure.
Are digital banks safe to use?
Yes, reputable digital banks implement robust security measures, including encryption and two-factor authentication, to protect your personal and financial information.
Can I use my digital bank account for international transactions?
Yes, many digital banks allow international transactions, but fees and exchange rates may apply. Check with your specific bank for details on international transfers and their associated costs.
How can I close my digital bank account?
To close your digital bank account, contact customer support through the app or website. They will guide you through the process, which may include verifying your identity and settling any outstanding transactions.
Conclusion
Digital banking is a game-changer for busy Filipinos looking to simplify their finances. With user-friendly apps, competitive rates, and convenient features, these banks are designed with your lifestyle in mind.
As you explore your options, remember to choose the bank that fits your needs and preferences. Embrace the ease and efficiency of digital banking—it can help you take control of your financial journey. Trust me, as someone who’s navigated this space, the right digital bank can make all the difference in your day-to-day money management!
Madali lang po ba mag open ng account? Which one is better: GoTyme or RCBC Diskartech?
Yes! You can open an account in less than 5 minutes using 1 valid ID.
Interest-wise, DiskarTech has the best base interest rate at 6.5% p.a.
What I like about GoTyme is their mobile app – it’s fast and user-friendly.