Digital banking in the Philippines is evolving fast. With higher interest rates, zero maintaining balances, and convenient mobile access, these banks are becoming the go-to choice for Filipinos looking for smarter ways to save and transact.
As of 2025, here are the top licensed digital banks in the Philippines and their latest perks you should know about.
Maya Bank
- Time Deposit Plus: Up to 6% p.a. for 3, 6, and 12-month terms (balances up to ₱1 million per account, with multiple accounts allowed).
- Savings Boost Promo: Earn up to 15% p.a. when completing daily transactions like bills payment, QR, and mobile load.
- Personal Goals Account: Tiered savings with 4%-8% p.a. depending on balance tiers, valid until end of 2025.
Why it stands out: Wide variety of savings options, generous promos, and seamless integration with daily transactions.
GoTyme Bank
- 5% interest p.a. on savings.
- Free physical debit card instantly issued at kiosks inside major malls.
- Cash-in and cash-out at SM and Robinsons retail stores.
- Rewards system built into its app.
Why it stands out: Accessible physical kiosks and retail partnerships, great for those who want both digital and in-person convenience.
UnionDigital Bank
- PDIC-insured deposits up to ₱500,000 per account holder.
- Savings and time deposit products with competitive rates.
- Partnerships with lifestyle and wellness apps for integrated financial and health benefits.
Why it stands out: Backed by UnionBank, offering strong infrastructure and trustworthiness.
UNO Digital Bank
- Time deposit rates up to 6.5% p.a.
- Offers personal loans and credit options in addition to savings.
- Free fund transfers via InstaPay.
Why it stands out: Strong focus on both savings and lending, appealing to those who need flexible financial services.
Tonik Digital Bank
- Time deposits with up to 6% p.a. interest.
- Group Stash feature for collaborative saving with family or friends.
- Virtual and physical debit cards available.
Why it stands out: Ideal for savers who want both high-interest accounts and creative group saving options.
Overseas Filipino Bank (OFBank)
- Tailored for Overseas Filipinos and their families.
- Visa Debit Accounts, even for beneficiaries under 18.
- Free transfers between OFBank and LANDBANK; nationwide access through InstaPay and PESONet.
- Bill payment, cashless purchases, and international ATM withdrawal supported.
Why it stands out: Government-backed and designed specifically for OFWs, ensuring global accessibility.
Comparison Snapshot
| Digital Bank | Base Savings Rate | Max Promo Rate | Time Deposit Rate | Special Features |
|---|---|---|---|---|
| Maya Bank | ~3.5% | Up to 15% | Up to 6% | Daily use boosts, Personal Goals, Time Deposit Plus |
| GoTyme Bank | 5% | — | — | Instant debit cards, mall kiosks, retail cash-in/out |
| UnionDigital Bank | Varies | — | Competitive TDs | Backed by UnionBank, app integrations |
| UNO Bank | ~4% | — | Up to 6.5% | Loans + savings flexibility |
| Tonik Bank | ~4% | — | Up to 6% | Group Stash savings |
| OFBank | Varies | — | — | OFW-focused, free transfers with LANDBANK |
Final Thoughts
Digital banks in the Philippines are raising the bar for financial convenience in 2025. Whether you want high savings interest, easy mall kiosks, group saving tools, or global OFW accessibility, there’s a digital bank that fits your lifestyle.
Now’s the perfect time to explore these options and maximize your money’s growth.
