How to Open a SeaBank Account in the Philippines: Your Complete Step-by-Step Guide

Last Updated on July 24, 2025

Are you looking for a smarter way to manage your savings and daily transactions right from your phone? SeaBank, a popular digital bank in the Philippines, offers a convenient and rewarding banking experience. I’ve been using this app since mid-2020 and all I can say is that this digital bank is great – on par with other digital banks, but for me, it’s really good.

With competitive interest rates, free transfers, and no maintaining balance, it’s no wonder many Filipinos are making the switch!

This comprehensive guide will walk you through everything you need to know about opening a SeaBank account, from the requirements to the step-by-step registration process.

What is SeaBank and Why Should You Open an Account?

SeaBank Philippines is a rural bank regulated by the Bangko Sentral ng Pilipinas (BSP) and deposits are insured by PDIC up to PHP 1,000,000 per depositor. This means your money is safe and secure.

Here are the top reasons why a SeaBank account might be perfect for you:

• High Interest Earnings: As of July 2025, SeaBank offers an impressive 4% interest per annum on balances up to PHP 400,000, credited daily! This helps your savings grow faster than traditional bank accounts.
• No Maintaining Balance: Enjoy banking without the worry of fees or minimum balance requirements.
• Free Transfers: Benefit from up to 15 free InstaPay and PESONet transfers every week, making it easy to send money to other banks and e-wallets.
• Seamless ShopeePay Integration: Easily link your SeaBank account to your ShopeePay wallet for convenient cash-ins and withdrawals, perfect for avid online shoppers.
• Easy Account Opening: Register directly from your smartphone in just minutes with minimal requirements.

SeaBank Account Opening Requirements

Before you begin, make sure you have the following ready:

• A stable internet connection.
• A smartphone (Android or iOS) where you can download the SeaBank app.
• One (1) valid government-issued ID (original copy):
  • Philippine National ID (plastic card, printed ePhilID, or printed Digital ID)
  • Philippine Driver’s License
  • Unified Multi-Purpose ID (UMID)
  • Postal ID (plastic format)
  • Philippine Passport
  • Social Security System (SSS) ID

  Note: If your chosen ID does not have your address (e.g., Passport, SSS ID), SeaBank might require an alternative proof of residential address (e.g., utility bill).

Step-by-Step Guide: How to Open Your SeaBank Account

Follow these simple steps to successfully open your SeaBank account:

Step 1: Download the SeaBank App

First, download the official SeaBank app from your app store:

• Google Play Store (for Android users)
• Apple App Store (for iOS users)
• Huawei AppGallery (for Huawei users)

Step 2: Start Your Registration

1. Open the SeaBank app.
2. Tap on “Sign Up” or “Register”.
3. You will be given options to sign up. The most common is “Sign up with Mobile Number”. If you have a verified Shopee account, you might also have the option to “Continue with Shopee” for faster registration.

Step 3: Enter Your Mobile Number and Referral Code

4. Input your active Philippine mobile number.
5. Referral Code (Optional but Recommended!): During this step, you might see a field to “Enter Referral Code” or “Invite Code.” If you found this guide helpful and wish to receive a welcome bonus, you can use our referral code:

   REFERRAL CODE: JD613648

   Using a referral code can grant you an exclusive welcome gift, so don’t miss out!

Step 4: Create Your Password and Secure PIN

6. You’ll be asked to create a strong password for your SeaBank account. Make sure it’s unique and memorable.
7. Next, create your SeaBank Secure PIN. This 6-digit PIN will be used to authorize transactions within the app. Keep it confidential.

Step 5: Undergo Facial Verification (Liveness Check)

8. The app will prompt you to take a selfie for facial verification. Follow the on-screen instructions carefully. Ensure you are in a well-lit area and remove any accessories that might obstruct your face (e.g., glasses, hats).

Step 6: Upload Your Valid ID

9. Select the type of valid government ID you will use.
10. Take a clear photo of the front and back of your chosen ID (if applicable). Make sure all details are legible and not blurry or cut off.

Step 7: Complete Your Personal Details

11. Fill out the required personal information accurately. This typically includes your full name, address, birthdate, place of birth, and other contact details.
12. Double-check all the information you’ve entered before proceeding.

Step 8: Review and Submit Your Application

13. Carefully review all the details you’ve provided.
14. Read and agree to SeaBank’s Terms and Conditions and Privacy Policy.
15. Tap “Submit” or “Confirm” to send your application.

Step 9: Account Activation and Claiming Your Bonus

16. After submission, SeaBank will process your application. You’ll usually receive an **in-app notification or email** confirming the successful opening of your account shortly.
17. To fully activate your welcome bonus (if you used a referral code) and enjoy all SeaBank benefits, you will typically need to:
    • Make a one-time deposit of at least ₱1,000 into your new SeaBank account.
    • Maintain this minimum balance for at least 3 days.

    Your bonus will then be credited to your account within a few days after successfully completing this task.

How to Fund Your New SeaBank Account (Cash-In)

Once your account is open, you’ll want to cash in money to start saving and transacting. SeaBank offers several convenient ways:

• Via ShopeePay: Link your SeaBank account to ShopeePay for instant and free transfers.
• Via InstaPay/PESONet: Transfer funds from other banks or e-wallets to your SeaBank account using these services. Simply look for “SeaBank” or “SeaBank Philippines, Inc.” as your receiving bank in your other bank’s app/platform.
• Over-the-Counter: Check the SeaBank app for partner cash-in locations (e.g., 7-Eleven, Palawan Pawnshop – verify current partners in the app as these can change).

Frequently Asked Questions (FAQs)

Is SeaBank PDIC insured?

Yes, SeaBank Philippines, Inc. (A Rural Bank) is regulated by the BSP, and deposits are insured by PDIC up to PHP 1,000,000 per depositor.

Is there a maintaining balance for SeaBank?

No, SeaBank does not require a maintaining balance, and there are no hidden fees for account opening or basic usage.

How often is interest credited?

SeaBank savings interest is credited daily, so you can see your money grow every single day!

Can I use SeaBank for online shopping?

Absolutely! You can link your SeaBank account to ShopeePay for easy payments, or use its free transfer features to fund other e-wallets or online payment channels.

What if I have issues during registration?

You can contact SeaBank’s customer service directly through the app, their official website, or their hotlines for assistance.