List of Digital Banks in the Philippines (2025) – Complete Guide

Digital banks have quickly become a major part of everyday life in the Philippines. Digital bank services offer higher savings rates, fast online transactions, and app-based features that traditional banks can’t match. If you want to compare options, this guide gives you a clear and updated list of digital banks in the Philippines, along with their best features and what type of users they fit. Digital banks are transforming the banking landscape.

Featured Digital Banks (Quick Picks)

If you want a fast recommendation, here are the most commonly used digital banks in the country:

Maya Bank – Best for everyday payments and transfers
SeaBank/MariBank – Best for high savings rates and promos
GoTyme Bank – Good for beginner digital banking and salary accounts
Tonik – Best known for time deposits
UNO Digital Bank – Solid savings tools and a clean interface

Each bank below has a short review and a link to more detailed guides.

Why Digital Banks Are Popular in the Philippines

Digital banks became mainstream because they offer:

Higher interest rates for savings
No minimum deposits
App-only account opening
Fast cash-ins and transfers
Built-in tools for budgeting and tracking spending

They are convenient, but it’s still important to check if the bank is BSP-licensed and the deposits are PDIC-insured before placing large amounts.

Complete List of Digital Banks in the Philippines (2025)

Below are the major digital banks currently operating in the country.

1. Maya Bank

Best for: Day-to-day transactions, bill payments, and saving while spending
Why it’s popular: Maya offers competitive savings rates through promos, easy onboarding, and useful extras like virtual cards, QR payments, and theme-based savings.
Additional info: BSP-licensed.

2. SeaBank/MariBank

Best for: Users who want stable and attractive interest rates
Why it’s popular: SeaBank/MariBank frequently offers higher savings rates compared to traditional banks and is integrated into the Shopee ecosystem, making it convenient for online shoppers.

3. GoTyme Bank

Best for: Salary accounts and simple day-to-day use
Why it’s popular: It has fast account creation, even through partner kiosks in malls, and comes with a debit card you can claim instantly.

4. Tonik Digital Bank

Best for: Time deposit and fixed-term savings
Why it’s popular: Tonik is known for its time deposit promos and savings “stashes” designed for financial goals.

Maya is a leading digital bank in the Philippines, known for its versatility and user-friendly features.

5. UNO Digital Bank

As a highly recommended digital bank, SeaBank allows customers to enjoy the benefits of higher savings rates.

Best for: Casual savers and users who want a clean, simple banking app
Why it’s popular: UNO offers goal-based savings features, consistent promos, and a user-friendly design.

GoTyme Bank is an up-and-coming digital bank that emphasizes quick onboarding and flexibility.

Digital Bank Comparison – Quick Facts

Here’s a simple overview to help you decide at a glance:

Tonik Digital Bank offers great options for users looking to maximize their time deposits.

Bank	Strength	Who It’s For
Maya Bank	Everyday payments & promos	Everyday users
SeaBank	High savings interest	Savers
GoTyme Bank	Easy onboarding	Beginners / salary users
Tonik	Time deposits	Long-term savers
UNO	Clean interface	Casual users

UNO Digital Bank stands out with its clean interface and innovative savings tools, making it a top choice among digital banks.

How to Open a Digital Bank Account (Step-by-Step)

Opening a digital bank account in the Philippines usually takes under 10 minutes. Here’s the typical process:

For those interested in banking options, this digital bank comparison provides key insights into their offerings.

Download the app from the Play Store or App Store
Register using your mobile number
Upload a government ID for verification
Take a selfie for identity confirmation
Fund the account with the minimum required deposit (if any)
Activate features like savings pockets, debit cards, or transfers

Tip: Make sure your ID photo is clear, and your phone’s signal is stable for verification.

With various steps to open a digital bank account, customers can access banking services more conveniently.

Are Digital Banks Safe?

Yes – digital banks are safe as long as they are BSP-regulated and deposits are PDIC-insured.
Always check:

The bank’s official licensing
The deposit insurance coverage
The app’s official links and pages
Whether the bank posts regular advisories

Security reminders:

Enable app passcodes and login alerts
Avoid using public Wi-Fi for banking
Regularly check your transaction history

Pros and Cons of Using a Digital Bank

Pros

Higher interest compared to traditional banks
Easy account opening (app-only)
Fast transfers and bill payments
Helpful budgeting and auto-save tools
No maintaining balance requirements

Cons

When choosing a digital bank, ensure it meets the necessary safety standards for a secure banking experience.

App outages can temporarily block access
Promo interest rates are not always permanent
Limited or no physical branches
Customer service response times may vary

FAQs About Digital Banks in the Philippines

Which digital bank is the best?

It depends on your goal. Maya and SeaBank are great for savings. Tonik is strong for time deposits. GoTyme is ideal for beginners or salary deposits.

Are deposits really insured?

Most popular digital banks are covered by PDIC, but always double-check on the official bank website to confirm the coverage.

Can OFWs open digital bank accounts?

Yes. Most digital banks allow OFWs to register as long as they can provide the required ID and verification details.

What if the bank app goes down?

Check the bank’s official Facebook or X (Twitter) pages for advisories. Keep your receipts or screenshots of pending transactions until the system is back online.

Related Guides You May Find Helpful

If you want to explore more digital banking topics, here are additional resources:

Maya Bank Review
SeaBank Review
GoTyme Account Setup
Tonik Time Deposit Guide
Digital Banking Safety Tips

Final Note

Digital banking in the Philippines continues to grow fast, and having the right information helps you choose the best app for your needs. This list of digital banks in the Philippines will continue to be updated as new banks launch or features change. If you want to compare rates, guides, or step-by-step tutorials, feel free to explore our other articles.

As the popularity of digital banks continues to rise, it’s essential to understand the options available and how they can benefit you. Whether it’s for savings, loans, or day-to-day transactions, a digital bank can cater to your needs effectively.

Understanding the pros and cons of using a digital bank can help you make informed decisions.

Many users wonder which digital bank offers the best features for their needs.

Digital banks often provide various promotions, so it’s wise to stay updated on available offers.