The Philippines now has seven BSP-authorized digital banks following the July 2026 upgrade of MariBank Philippines from a rural-bank licence to a digital-bank licence. The current digital banks are Maya Bank, Tonik Digital Bank, UnionDigital Bank, UNObank, Overseas Filipino Bank, GoTyme Bank and MariBank Philippines.

Digital banks are not simply mobile apps or e-wallets. They are banks regulated by the Bangko Sentral ng Pilipinas, allowed to accept deposits and provide banking products primarily through digital channels.

Important update: The original brief listed six digital banks. That became outdated on 21 July 2026, when the BSP announced MariBank Philippines’ upgrade to a digital-bank licence.

Quick List of Digital Banks in the Philippines

Digital bank	Main focus	Practical fit
Maya Bank, Inc.	Savings, time deposits, credit and app-integrated payments	Existing Maya users
Tonik Digital Bank, Inc.	Savings, savings goals, time deposits and loans	Customers organising savings into separate goals
UnionDigital Bank, Inc.	Digital savings, time deposits and lending	Users looking for a digital bank associated with UnionBank
UNObank, Inc.	Savings, time deposits and consumer credit	Customers comparing deposit terms
Overseas Filipino Bank, Inc.	OFW banking, remittances and beneficiary accounts	Overseas Filipinos and their families
GoTyme Bank Corporation	Everyday banking, savings, cards and retail touchpoints	Customers who value physical kiosks and rewards
MariBank Philippines, Inc.	Mobile savings, transfers, cards and digital lending	Users prioritising simple mobile banking and transfers

The banks are presented for comparison and are not ranked by customer rating, popularity or trustworthiness.

Official Websites, Facebook Pages and Google Maps Links

Digital banks generally do not maintain conventional walk-in branches. The Google Maps links below point to a published principal office, head office, registered office or relevant physical location. Contact the bank before visiting because most customer concerns must be handled through the app, hotline or online help centre.

Digital bank	Official website	Official Facebook	Google Maps
Maya Bank	Maya Bank	Maya Facebook	Launchpad Building, Mandaluyong
Tonik Digital Bank	Tonik	Tonik Bank Philippines Facebook	The Offices at Estancia, Pasig
UnionDigital Bank	UnionDigital Bank	UnionDigital Bank Facebook	UnionBank Plaza, Pasig
UNO Digital Bank	UNO Digital Bank	UNO Digital Bank Facebook	The Finance Centre, BGC
Overseas Filipino Bank	OFBank	OFBank Facebook	OFBank, Manila
GoTyme Bank	GoTyme Bank	GoTyme Bank Facebook	GoTyme Bank, Robinsons Retail
MariBank Philippines	MariBank	MariBank Philippines Facebook	MariBank branch location

Before Visiting a Digital Bank Office

A corporate-office pin does not necessarily represent a customer-service branch. Customers may not be able to open an account, deposit cash, replace a card or resolve an app problem at the location.

Use the bank’s official app or customer-support channel first. GoTyme kiosks are an exception in the sense that selected kiosks support account onboarding and card printing, but they are not full-service bank branches.

What Is a Digital Bank in the Philippines?

A digital bank is a BSP-regulated bank that delivers its banking products and services primarily through digital platforms and electronic channels.

Under the BSP’s original digital-bank framework, banking transactions are processed end to end digitally rather than through conventional public branches. Digital banks may still maintain a principal office for administration, regulatory contact and formal business operations.

Depending on their authority and approved products, digital banks may provide:

Savings accounts
Time deposits
Fund transfers
Debit cards
Consumer loans
Credit products
Bills payment
Foreign-currency services
Electronic-money services
Remittance-related products

Digital banks remain subject to requirements involving capital, governance, cybersecurity, anti-money-laundering controls, consumer protection and risk management.

The important point is that digital bank is a regulatory classification, not a marketing description.

The Seven Digital Banks in the Philippines

1. Maya Bank, Inc.

Maya Bank is the regulated banking entity within the wider Maya ecosystem. It provides savings, goal-based deposits, time-deposit products and credit services through the Maya app.

Maya Bank should be distinguished from Maya Philippines, Inc., which operates electronic-money services. The BSP’s May 2026 EMI directory continues to identify Maya Philippines as a non-bank electronic-money issuer.

That means the Maya app may contain two legally different types of money:

Funds stored in the Maya Wallet
Deposits placed with Maya Bank

The app may present these services together, but the underlying products, protections and terms are different.

Maya Bank May Suit You When

Choose Maya Bank when you already use the Maya ecosystem for payments, transfers or bills and want savings products within the same app.

Before relying on an advertised interest rate, check:

The normal base rate
The maximum balance eligible for bonuses
Required spending or payment activities
Promotion start and end dates
Time-deposit withdrawal conditions
Whether funds are held in Maya Wallet or Maya Savings

Official links: Website | Facebook | Google Maps

2. Tonik Digital Bank, Inc.

Tonik Digital Bank focuses on digital savings, time deposits, savings-management features and consumer loans.

Its products have included:

Regular savings
Personal savings vaults
Group savings features
Time deposits
Consumer-loan products

Tonik’s published office address is at Unit 605B, Sixth Floor, West Wing, The Offices at Estancia along Meralco Avenue in Pasig.

Tonik May Suit You When

Choose Tonik when you want to separate savings into different goals or compare savings vaults and time deposits in one mobile platform.

Check the following before opening an account:

Current savings rate
Time-deposit term
Minimum placement
Interest payment schedule
Early-withdrawal penalty
Loan processing and service charges
Transfer fees and limits

Older published rates should not be treated as current. Verify the rate shown in Tonik’s official app or product pages.

Official links: Website | Facebook | Google Maps

3. UnionDigital Bank, Inc.

UnionDigital Bank is a separately licensed digital bank connected to Union Bank of the Philippines and the wider Aboitiz group.

UnionDigital is not the same banking entity as UnionBank. The two institutions may share a corporate relationship, but their accounts, interest rates, apps, servicing arrangements and product terms should not be assumed to be identical.

UnionDigital’s published office is at UnionBank Plaza in Ortigas Center, Pasig. Corporate records identify its office on the 41st floor of the building.

UnionDigital May Suit You When

Choose UnionDigital when you prefer a digital-only bank associated with an established universal banking group.

Confirm:

Which deposit products accept new applications
Current time-deposit and savings rates
Whether an existing UnionBank account is required
Available transfer channels
Customer-support procedures
Whether a UnionBank branch can assist with a UnionDigital concern

A UnionBank branch should not automatically be treated as a UnionDigital service location.

Official links: Website | Facebook | Google Maps

4. UNObank, Inc.

UNObank operates the UNO Digital Bank platform. Its services include savings products, time deposits and consumer credit.

UNO’s official site lists its Philippine office at the 20th floor of The Finance Centre, 26th Street corner Ninth Avenue, Bonifacio Global City, Taguig.

UNO has offered different time-deposit structures, including options that vary by:

Deposit term
Minimum placement
Interest payout schedule
Maturity treatment
Early-termination rules

UNO Digital Bank May Suit You When

Choose UNO when you want to compare savings and time-deposit structures or prefer products with different term lengths.

Review:

Regular savings rate
Promotional versus permanent rate
Minimum deposit
Maximum qualifying balance
Interest-crediting schedule
Premature termination charges
Loan fees and effective interest rates

UNO states that eligible deposits are insured by PDIC up to the prevailing maximum of ₱1 million per depositor, per bank.

Official links: Website | Facebook | Google Maps

5. Overseas Filipino Bank, Inc.

Overseas Filipino Bank, commonly called OFBank, is a government-owned digital bank focused on overseas Filipinos, overseas Filipino workers and their beneficiaries.

OFBank operates as a digital bank of the Land Bank of the Philippines. Its services are designed around remote account access, savings and remittance-related needs.

Potential account categories may include products for:

Overseas Filipinos
OFWs
Beneficiaries in the Philippines
Younger family members
Remittance recipients

OFBank May Suit You When

Choose OFBank when your primary need involves overseas employment, remittances or maintaining a Philippine bank account while living abroad.

Before applying, confirm:

Which account matches your status
Required identification
Overseas mobile-number support
Remittance arrangements
Debit-card availability
LANDBANK transfer or service access
Account requirements for beneficiaries

OFBank is digital and branchless. A location appearing on Google Maps should not be treated as a standard public bank branch.

Official links: Website | Facebook | Google Maps

6. GoTyme Bank Corporation

GoTyme Bank combines mobile banking with physical kiosks placed in selected retail locations.

Its services include:

Everyday transaction accounts
Savings goals
Debit cards
Fund transfers
Rewards integration
Bills and merchant payments
Selected deposit and financial products

GoTyme’s kiosks can make account onboarding and card issuance more accessible to users who prefer some form of physical assistance.

GoTyme May Suit You When

Choose GoTyme when you want app-based banking but also value access to selected retail kiosks for onboarding or card printing.

Compare:

Savings rate
Reward mechanics
Free-transfer allowance
Cash-in and cash-out options
Card-replacement rules
Kiosk availability
Customer-support response channels

GoTyme appears in BSP records as a digital bank and in the BSP’s 2026 list of institutions offering zero or conditionally waived electronic-transfer fees. Conditions can change, so confirm current transfer limits in the app.

Official links: Website | Facebook | Google Maps

7. MariBank Philippines, Inc.

MariBank Philippines became the country’s newest digital bank in July 2026.

The institution previously operated as SeaBank Philippines, Inc., a rural bank. The BSP approved the change of corporate name to MariBank in 2025 and subsequently announced its upgrade to a digital-bank licence on 21 July 2026.

MariBank’s official site describes services including:

Mobile savings
Daily interest crediting
Electronic transfers
Debit cards
Credit cards
Digital loans
Account opening using an accepted identification document

MariBank is part of Sea Limited, which also operates businesses associated with Shopee, Monee and Garena.

MariBank May Suit You When

Choose MariBank when you want a straightforward mobile savings account, regular transfers and access to related card or lending products.

Review:

Current interest tiers
Daily interest calculation
Transfer-fee limits
Card cashback conditions
Account transaction limits
Loan and credit charges
Deposit and withdrawal channels

The BSP’s July 2026 transfer-fee list identifies MariBank under the digital-bank category following its licence upgrade.

Official links: Website | Facebook | Google Maps

How Digital Banks Differ From E-Wallets

A digital bank accepts bank deposits under a banking licence. An e-wallet holds electronic money issued by a bank or non-bank electronic-money issuer.

Feature	Digital bank	Non-bank e-wallet
Regulatory category	Bank	Electronic-money issuer
Accepts bank deposits	Yes	Not by itself as a non-bank EMI
PDIC coverage	Eligible bank deposits are covered	Ordinary wallet balances are not bank deposits
Savings interest	May be available	Usually requires a linked or partner-bank savings product
Loans	May lend directly when authorised	May refer users to a bank or lender
Public branches	Generally no traditional branches	Generally none
Main use	Savings, deposits, credit and payments	Payments, transfers and stored electronic value

Is GCash a Digital Bank?

No. GCash is not one of the BSP-classified digital banks.

GCash is operated by G-Xchange, Inc., which appears in the BSP directory of non-bank electronic-money issuers. Financial products accessible through GCash may be supplied by separate banks, insurers, investment providers or lenders.

This means:

A GCash wallet balance is not automatically a bank deposit.
A savings product accessed through GCash may be held by a partner bank.
PDIC treatment depends on the institution legally holding the deposit.

Is Maya a Digital Bank or an E-Wallet?

Maya includes both types of services.

Maya Philippines, Inc. operates electronic-money services.
Maya Bank, Inc. is a digital bank.

Users should check whether money is stored in the Maya Wallet or deposited into a Maya Bank savings product.

Digital Banks vs Traditional Banks With Mobile Apps

A traditional bank does not become a digital bank simply because it has a mobile app.

Banks such as BDO, BPI, Metrobank, RCBC, Security Bank and UnionBank provide online and mobile banking but remain classified under other banking categories.

The main difference concerns the operating model:

Digital banks	Traditional banks with digital services
Core services delivered primarily digitally	Digital services operate alongside branches
No conventional public branch network	May maintain a national branch network
App is the primary customer channel	App is one of several customer channels
May use kiosks or approved touchpoints	May provide teller and branch services

Both types can be BSP-regulated and PDIC-insured.

Are Digital-Bank Deposits Covered by PDIC?

Eligible deposits in BSP-licensed banks, including digital banks, are insured by the Philippine Deposit Insurance Corporation up to ₱1 million per depositor, per bank.

The higher maximum deposit insurance coverage took effect on 15 March 2025. It replaced the previous ₱500,000 limit.

The limit applies per depositor and per bank, not per account.

For example, if one person holds several savings goals, time deposits or accounts at the same digital bank, eligible deposits are generally combined when calculating the insurance limit.

PDIC Coverage Does Not Protect Every Product

PDIC deposit insurance does not automatically cover:

E-wallet balances
Investment products
Mutual funds
Insurance products
Cryptocurrency
Rewards points
Money voluntarily sent to a scammer
Deposits exceeding the insured limit
Products issued by a separate non-bank provider

Always identify the legal institution holding the funds.

How to Verify a Digital Bank

Use these steps before depositing money:

Find the legal company name.
Do not rely only on the app or brand name.
Check the BSP directory.
Confirm that the institution appears under the correct banking category.
Check the bank’s official domain.
Avoid links sent through unsolicited messages or advertisements.
Confirm PDIC membership.
Look for the official deposit-insurance statement.
Read the product terms.
Check interest rates, eligible balances, fees and withdrawal conditions.
Verify the app publisher.
Follow app-store links from the official bank website.
Check customer-support channels.
Confirm how to report a stolen phone, unauthorised transaction or locked account.

The BSP directory was updated on 20 July 2026, although the MariBank licence announcement followed one day later. Readers should therefore check both the live directory and recent BSP circular letters when verifying the newest classification changes.

How to Choose the Right Digital Bank

There is no single digital bank that is automatically best for every Filipino consumer.

Choose According to Your Main Goal

Your priority	What to compare
Emergency savings	Base rate, withdrawal access and transfer reliability
High-interest savings	Eligible balance, missions and promotional period
Time deposits	Term, minimum placement and early-termination charge
OFW banking	Overseas onboarding, remittances and beneficiary access
Everyday spending	Debit card, QR payment and merchant acceptance
Free transfers	Monthly limits, conditions and supported networks
Rewards	Eligible merchants, caps and expiry rules
Borrowing	Effective interest rate, fees and total repayment
Customer service	Hotline, app support and escalation procedure

Do Not Choose Based Only on “Up To” Interest

An account advertised as earning “up to” a high rate may require:

Spending a certain amount
Paying bills
Increasing the account balance
Using a card
Completing app missions
Maintaining funds for a fixed period

The advertised maximum may apply only to a limited portion of the balance.

Compare the base rate first. Treat promotional interest as an additional benefit rather than guaranteed long-term income.

Digital-Banking Safety Tips

Download Only the Official App

Use the link found on the bank’s official website. Fake apps and cloned login pages can collect passwords, PINs and identification documents.

Never Share Authentication Codes

A legitimate employee should not ask you to reveal:

Password
Secure PIN
One-time password
Card verification code
App recovery code

The BSP required covered banks and wallet operators to implement stronger authentication for higher-risk transactions by June 2026. Technologies may include biometrics, adaptive authentication and passwordless methods.

Protect Your Registered SIM

A stolen or replaced SIM can affect account recovery. Secure your phone and immediately report a lost SIM to your telecommunications provider and bank.

Confirm a Transfer Before Sending Again

A delayed InstaPay or PESONet transaction should not automatically be repeated. Check the transaction status and retain the reference number.

Understand Digital-Loan Costs

Fast approval does not make a loan inexpensive. Review:

Effective interest rate
Processing fees
Late-payment fees
Total repayment
Due dates
Collection terms

Frequently Asked Questions

How many digital banks are there in the Philippines in 2026?

There are seven BSP-authorized digital banks as of 27 July 2026. The seventh is MariBank Philippines, whose licence was upgraded from rural bank to digital bank on 21 July 2026.

What are the seven digital banks in the Philippines?

The seven are:

Maya Bank
Tonik Digital Bank
UnionDigital Bank
UNObank
Overseas Filipino Bank
GoTyme Bank
MariBank Philippines

Is SeaBank still operating in the Philippines?

SeaBank Philippines changed its corporate name to MariBank Philippines. The BSP authorised the name change in 2025, and MariBank subsequently received an upgrade to a digital-bank licence in July 2026.

Is CIMB a digital bank in the Philippines?

CIMB Bank Philippines offers digital banking, but it has historically appeared under the universal and commercial-bank category rather than the dedicated digital-bank classification. A bank can operate primarily online without being classified as a digital bank.

Is GCash a digital bank?

No. GCash is an e-wallet operated by a BSP-supervised non-bank electronic-money issuer. Savings products accessed inside GCash may be supplied by separate partner banks.

Are digital-bank deposits insured?

Yes. Eligible deposits are insured by PDIC up to ₱1 million per depositor, per bank.

Can I open accounts with several digital banks?

Yes, provided you meet each bank’s eligibility and identity-verification requirements. PDIC coverage is applied separately per depositor, per insured bank.

Can foreigners open Philippine digital-bank accounts?

Eligibility depends on the bank. Requirements may include Philippine residency, a local mobile number, an accepted identification document and proof of local address.

Digital-Bank Account Checklist

Before opening or funding an account, confirm:

The legal institution appears in BSP records.
The app was downloaded from an official source.
The account is a bank deposit rather than an e-wallet balance.
The deposit is eligible for PDIC insurance.
The base interest rate is clearly stated.
Promotional-rate conditions are understood.
Transfer fees and limits are acceptable.
Time-deposit withdrawal penalties are clear.
Customer-support and complaint channels are available.
Security and recovery settings are enabled.

Digital banks can offer convenient savings, transfers, cards and credit without requiring traditional branch visits. The most sulit choice is not necessarily the bank advertising the highest rate. It is the bank whose security, access, fees, product rules and support match how you actually plan to use the account.

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Create a clean editorial featured image that helps Filipino consumers understand the seven BSP-authorized digital banks and distinguish digital-bank deposits from e-wallet balances and traditional online banking.

Scene:
Show a respectful, non-identifiable Filipino consumer comparing seven generic mobile-bank options on a smartphone and tablet at a clean home workspace. Use generic interfaces and banking cards without copying any actual banking app, logo or visual identity.

Include:

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Who Are the Digital Banks in the Philippines? 2026 Guide

The Philippines has seven banks authorised under the Bangko Sentral ng Pilipinas digital-bank classification as of July 2026. These are Maya Bank, Tonik Digital Bank, UnionDigital Bank, UNObank, Overseas Filipino Bank, GoTyme Bank and MariBank Philippines.

MariBank became the seventh institution in July 2026 after the BSP approved its upgrade from a rural-bank licence to a digital-bank licence. Before this development, the BSP’s published records listed six digital banks.

Digital banks are not simply mobile apps or e-wallets. They are regulated banks that provide banking products primarily through digital channels, without relying on a conventional public branch network.

Digital Banks in the Philippines at a Glance

Digital bank	Main focus	Suitable for
Maya Bank, Inc.	Savings, time deposits, payments and credit	Existing users of the Maya ecosystem
Tonik Digital Bank, Inc.	Savings, savings goals, time deposits and loans	Customers who want to organise savings
UnionDigital Bank, Inc.	Digital deposits, time deposits and lending	Users seeking a digital bank connected to UnionBank
UNObank, Inc.	Savings, time deposits and consumer credit	Customers comparing deposit terms
Overseas Filipino Bank, Inc.	OFW banking, remittances and beneficiary accounts	Overseas Filipinos and their families
GoTyme Bank Corporation	Savings, debit cards, rewards and retail kiosks	Customers wanting app banking with physical touchpoints
MariBank Philippines, Inc.	Mobile savings, transfers, cards and loans	Users prioritising straightforward mobile banking

The banks are presented for comparison and are not ranked by customer rating, popularity, interest rate or market share.

Official Websites, Facebook Pages and Google Maps

Digital banks generally do not operate conventional customer branches. A location on Google Maps may be a principal office, corporate office or administrative address where walk-in banking services are unavailable.

Contact the bank through its official app, help centre or hotline before visiting any office.

Digital bank	Official website	Facebook	Google Maps
Maya Bank	Maya Bank	Maya on Facebook	Maya Bank office location
Tonik Digital Bank	Tonik Digital Bank	Tonik Digital Bank on Facebook	Tonik office at Estancia
UnionDigital Bank	UnionDigital Bank	UnionDigital Bank on Facebook	UnionDigital office at UnionBank Plaza
UNO Digital Bank	UNO Digital Bank	UNO Digital Bank on Facebook	UNO office at The Finance Centre
Overseas Filipino Bank	OFBank	OFBank on Facebook	OFBank office location
GoTyme Bank	GoTyme Bank	GoTyme Bank on Facebook	Find a GoTyme kiosk
MariBank Philippines	MariBank Philippines	MariBank PH on Facebook	MariBank office location

GoTyme’s retail kiosks are useful for selected services such as account onboarding and card printing, but they are not full-service bank branches. GoTyme has continued expanding kiosks across participating retail locations.

What Is a Digital Bank in the Philippines?

A digital bank is a BSP-regulated bank whose products and services are delivered primarily through digital platforms or electronic channels.

The BSP’s digital-bank framework describes an institution that processes banking transactions end to end through digital channels rather than through conventional public branches. A digital bank may maintain a principal office for administration, regulatory contact and complaint handling, but its primary banking services are delivered online.

Depending on its licence and specific BSP approvals, a digital bank may provide:

Savings accounts
Time deposits
Debit cards
Electronic transfers
Bills payment
Consumer loans
Credit products
Foreign-currency services
Electronic-money services
Remittance-related products

Digital banks remain subject to BSP rules covering governance, cybersecurity, consumer protection, risk management, capital adequacy and anti-money-laundering controls.

The key point is that digital bank is a regulatory classification. It is not merely a description for a bank or financial app that operates online.

The Seven Digital Banks in the Philippines

1. Maya Bank, Inc.

Maya Bank is the regulated banking entity within the broader Maya financial ecosystem. It provides digital savings, goal-based savings, time-deposit products and credit services through the Maya app.

Maya Bank should be distinguished from Maya Philippines, Inc., which operates electronic-money services. Maya Philippines appears separately in the BSP’s list of non-bank electronic-money issuers.

This means the Maya app may contain two legally different types of funds:

Money stored in Maya Wallet
Money deposited into Maya Bank products such as Maya Savings

The products may appear inside one app, but they have different terms, purposes and regulatory treatment.

Who Maya Bank May Suit

Maya Bank may fit consumers who already use Maya for bills, QR payments, online checkout or transfers and want savings products inside the same ecosystem.

Before relying on an advertised interest rate, confirm:

The standard base interest rate
The balance eligible for bonus interest
Required spending or payment activities
Promotional start and end dates
Time-deposit withdrawal conditions
Whether the funds are in Maya Wallet or Maya Savings

Official links: Website | Facebook | Google Maps

2. Tonik Digital Bank, Inc.

Tonik Digital Bank focuses on savings, savings-management features, time deposits and consumer lending.

Its products have included:

Regular savings
Personal savings vaults
Group savings features
Time deposits
Consumer loans
Installment-loan products

Tonik’s savings tools may appeal to consumers who want to divide money among different goals rather than hold everything in one general account.

Who Tonik May Suit

Tonik may fit users looking for structured savings tools or several time-deposit choices in one digital platform.

Check the following before opening or funding an account:

Current regular savings rate
Savings-vault rate
Time-deposit term
Minimum placement
Maximum qualifying balance
Interest-crediting schedule
Early-withdrawal charge
Transfer fees
Loan processing and service charges

Tonik has previously changed deposit limits and promotional terms, so older advertisements should not be treated as current product information.

Official links: Website | Facebook | Google Maps

3. UnionDigital Bank, Inc.

UnionDigital Bank is a separately licensed digital bank associated with Union Bank of the Philippines.

UnionDigital and UnionBank are related but legally distinct banking entities. Customers should not assume that their accounts, applications, rates, fees or support channels are interchangeable.

UnionDigital has focused on digital deposit and credit products, including savings, time deposits and lending services.

Who UnionDigital May Suit

UnionDigital may fit users who want a digital-only bank associated with a large Philippine banking group.

Before opening an account, verify:

Which deposit products currently accept applications
Current savings and time-deposit rates
Whether a UnionBank account is required
Available transfer channels
Customer-support procedures
Account-recovery options
Whether a UnionBank branch can assist with a UnionDigital issue

A UnionBank branch should not automatically be treated as a UnionDigital customer-service branch.

Official links: Website | Facebook | Google Maps

4. UNObank, Inc.

UNObank operates the UNO Digital Bank platform. Its services include digital savings, time deposits and consumer-credit products.

UNO has offered different deposit structures based on:

Deposit term
Minimum placement
Interest-payment schedule
Maturity instructions
Early-termination rules

Some UNO products are also accessible through partner platforms, but the underlying bank account remains issued by UNObank when identified in the product terms.

Who UNO Digital Bank May Suit

UNO may fit consumers comparing different time-deposit periods or looking for digital savings and borrowing products in one platform.

Review:

Regular savings rate
Promotional versus standard rate
Minimum deposit
Maximum interest-bearing balance
Interest-crediting schedule
Premature termination charges
Loan interest
Processing and service fees

Promotional rates can be significantly higher than standard rates but may apply only for a limited period or after completing qualifying transactions.

Official links: Website | Facebook | Google Maps

5. Overseas Filipino Bank, Inc.

Overseas Filipino Bank, commonly known as OFBank, is a government-owned digital bank focused on overseas Filipinos, overseas Filipino workers and their beneficiaries.

OFBank operates as a digital bank connected to the Land Bank of the Philippines. Its products are designed around remote account access, savings and remittance-related needs.

Account options may serve:

Overseas Filipino workers
Filipinos living abroad
OFW beneficiaries
Remittance recipients
Family members in the Philippines
Eligible minors under supported account types

Who OFBank May Suit

OFBank may be the most directly relevant option for Filipinos who work or live abroad and need a Philippine account connected to remittance and beneficiary requirements.

Before applying, confirm:

Which account matches your status
Required identification documents
Overseas mobile-number support
Proof-of-address requirements
Remittance channels
Debit-card availability
LANDBANK transfer access
Requirements for beneficiary accounts

OFBank is a branchless digital bank. An office address or map location should not be treated as a conventional walk-in banking branch.

Official links: Website | Facebook | Google Maps

6. GoTyme Bank Corporation

GoTyme Bank combines mobile banking with physical kiosks in selected retail locations.

Its services include:

Everyday transaction accounts
Goal-based savings
Visa debit cards
Bank transfers
Bills payment
Merchant payments
Rewards integration
Selected deposit products

GoTyme kiosks can assist customers with account onboarding and card printing, providing a physical touchpoint that most digital banks do not offer.

Who GoTyme Bank May Suit

GoTyme may fit customers who want app-based banking but also value access to selected retail kiosks.

Compare:

Current savings rate
Reward mechanics
Free-transfer allocation
Transfer fees after free limits
Cash-in and cash-out options
Card-replacement rules
Kiosk availability
Customer-support channels

Kiosks may be added, moved or removed. Confirm the nearest active location through GoTyme’s official website or app before travelling.

Official links: Website | Facebook | Find a kiosk on Google Maps

7. MariBank Philippines, Inc.

MariBank Philippines became the country’s seventh digital bank in July 2026 after the BSP approved its upgrade from a rural-bank licence to a digital-bank licence.

The bank previously operated as SeaBank Philippines before changing its corporate name to MariBank Philippines. The BSP’s July 2026 issuance identifies the upgrade and corporate-name change.

MariBank’s services include:

Mobile savings accounts
Daily interest crediting
Electronic transfers
Debit cards
Credit products
Digital loans
Bills payment and mobile-load services

MariBank is associated with Sea Limited, the technology group behind services that include Shopee and Garena. Its Philippine website describes MariBank as the former SeaBank Philippines.

Who MariBank May Suit

MariBank may fit consumers who want a straightforward mobile savings account, regular electronic transfers and access to card or credit products.

Review:

Current savings-interest tiers
Balance limits
Daily interest calculation
Transfer-fee allowance
Debit-card cashback conditions
Account transaction limits
Credit-product charges
Loan interest and repayment terms
Deposit and withdrawal channels

Older documents may still describe MariBank as a rural bank because its licence upgrade occurred only in July 2026.

Official links: Website | Facebook | Google Maps

How Digital Banks Differ From E-Wallets

A digital bank accepts bank deposits under a banking licence. An e-wallet primarily holds electronic money issued by a bank or non-bank electronic-money issuer.

Feature	Digital bank	Non-bank e-wallet
Regulatory category	Bank	Electronic-money issuer
Accepts bank deposits	Yes	Not in the same capacity as a bank
PDIC protection	Eligible deposits are covered	Ordinary wallet balances are not bank deposits
Savings interest	May be offered directly	Usually requires a separate partner-bank product
Lending	May lend directly when authorised	May connect users to a separate lender
Primary use	Deposits, savings, transfers and credit	Payments, transfers and stored electronic value
Physical branches	Generally none	Generally none

Is GCash a Digital Bank?

GCash is not one of the BSP-classified digital banks.

The GCash wallet is operated by G-Xchange, Inc., which appears in the BSP directory of non-bank electronic-money issuers. Financial products accessible through the GCash app may be issued by separate partner banks, lenders, insurers or investment providers.

This means:

A GCash wallet balance is not automatically a bank deposit.
A savings account opened through GCash may be held by a partner bank.
PDIC protection depends on the institution legally holding the deposit.
The app brand may differ from the regulated financial institution providing the product.

Is Maya a Digital Bank or an E-Wallet?

Maya includes both banking and electronic-money services.

Maya Philippines, Inc. operates electronic-money services.
Maya Bank, Inc. is a BSP-authorised digital bank.

Users should check whether their money is stored in Maya Wallet or deposited into a Maya Bank savings product.

Is ShopeePay a Digital Bank?

ShopeePay is not a digital bank. ShopeePay Philippines, Inc. is listed by the BSP as a non-bank electronic-money issuer. MariBank is the separately regulated banking entity associated with the same wider corporate group.

Digital Banks vs Traditional Banks With Mobile Apps

A traditional bank does not become a digital bank merely because it has a mobile app or allows online account opening.

Banks such as BDO, BPI, Metrobank, RCBC, Security Bank, CIMB Bank Philippines and UnionBank provide extensive digital services but may fall under other BSP banking classifications.

Digital bank	Traditional bank with digital services
Core banking services are delivered primarily digitally	Digital services operate alongside physical branches
No conventional public branch network	May maintain a nationwide branch network
The app is the primary customer channel	The app is one of several service channels
May use kiosks or partner touchpoints	May provide tellers, branches and physical service desks
Holds a digital-bank licence	Holds another type of banking licence

Both can be regulated by the BSP. Eligible deposits in both types of banks may be covered by PDIC.

Are Digital-Bank Deposits Insured by PDIC?

Eligible deposits in Philippine digital banks are insured by the Philippine Deposit Insurance Corporation up to ₱1 million per depositor, per bank.

The ₱1 million maximum deposit insurance coverage took effect on 15 March 2025, replacing the previous ₱500,000 limit.

The limit applies per depositor and per bank, not per account.

For example, opening several savings goals, vaults or time deposits in the same digital bank does not normally provide a separate ₱1 million limit for every account. Eligible deposits belonging to the same depositor in the same bank are generally combined when insurance coverage is calculated.

What PDIC Deposit Insurance Does Not Cover

PDIC protection does not automatically apply to:

E-wallet balances
Mutual funds
Investment products
Stocks
Bonds
Cryptocurrency
Insurance policies
Rewards points
Money voluntarily transferred to a scammer
Funds held by a non-bank provider
Deposits above the applicable insurance limit

Look for the legal bank name in the product disclosure. Do not rely only on the name or logo of the app.

How to Verify Whether an App Is a Licensed Bank

Use the following steps before depositing a significant amount of money.

1. Find the Legal Company Name

Look beyond the app or product name. The regulated institution should appear in the terms, privacy notice or product disclosure.

2. Check the BSP Directory

Confirm that the legal institution appears in the BSP directory and identify its actual classification.

It may be classified as a:

Digital bank
Universal or commercial bank
Thrift bank
Rural bank
Cooperative bank
Electronic-money issuer
Non-bank financial institution

3. Check the Official Website

Use the official bank domain. Avoid links sent through unsolicited text messages, social-media comments or private messages.

4. Verify PDIC Membership

Confirm that the deposit is issued by a PDIC-insured bank. A financial app may display several products from different providers, and not every balance has the same protection.

5. Read the Product Terms

Check:

Standard interest rate
Promotional rate
Eligible balance
Minimum deposit
Transfer fees
Withdrawal conditions
Account limits
Early-termination charges

6. Download the Official App

Follow the app-store link from the bank’s official website. Check the developer or publisher name before installing it.

7. Review Customer-Support Options

Confirm how to report:

A lost phone
A compromised SIM
An unauthorised transaction
A locked account
A missing transfer
A stolen card
A failed identity-verification attempt

How to Choose the Right Digital Bank

There is no single digital bank that is best for every Filipino consumer. Choose according to how you intend to use the account.

Your priority	What to compare
Emergency savings	Base rate, liquidity and transfer reliability
High-interest savings	Eligible balance, missions and promotion period
Goal-based savings	Number of goals, automation and withdrawal rules
Time deposits	Term, minimum placement and cancellation charges
OFW banking	Overseas onboarding, remittances and beneficiary access
Everyday spending	Debit card, QR payments and merchant acceptance
Free transfers	Monthly allowance, limits and conditions
Rewards	Merchant coverage, redemption value and expiry
Borrowing	Effective interest rate, fees and total repayment
Customer support	Hotline, in-app support and escalation procedure

Compare the Base Rate Before Promotional Rates

A bank advertising interest of “up to” a high percentage does not necessarily apply that rate to the customer’s entire balance for a full year.

A higher promotional rate may require:

Spending through a debit card
Paying bills
Completing app missions
Increasing the account balance
Making regular deposits
Keeping funds untouched
Meeting a minimum transaction amount

The bonus may also apply only to a limited balance.

Compare the unconditional base rate first. Treat promotional interest as a temporary extra rather than guaranteed long-term income.

Digital-Banking Safety Tips

Download Apps Only From Official Sources

Fake apps and cloned websites can collect identification documents, passwords and account details.

Start from the bank’s official website rather than an ad, text message or social-media comment.

Never Share Your OTP or PIN

A legitimate bank representative should not ask you to disclose:

One-time password
Account password
App PIN
Card PIN
Card verification code
Recovery code

Protect Your Registered Mobile Number

A lost phone or compromised SIM can interfere with account recovery. Report a missing SIM immediately to your telecommunications provider and bank.

Do Not Repeat a Delayed Transfer Immediately

InstaPay and PESONet transactions can occasionally be delayed. Check the transaction status and retain the reference number before sending the same amount again.

Review the Full Cost of Digital Loans

Fast approval does not make a loan affordable.

Check:

Effective interest rate
Processing fees
Service fees
Late-payment penalties
Total repayment amount
Repayment schedule
Collection terms

Frequently Asked Questions

How many digital banks are there in the Philippines in 2026?

There are seven BSP-authorised digital banks as of July 2026. MariBank Philippines became the seventh after its rural-bank licence was upgraded to a digital-bank licence.

What are the seven digital banks in the Philippines?

The seven digital banks are:

Maya Bank
Tonik Digital Bank
UnionDigital Bank
UNObank
Overseas Filipino Bank
GoTyme Bank
MariBank Philippines

Is SeaBank still operating in the Philippines?

SeaBank Philippines changed its corporate name to MariBank Philippines. MariBank’s official website describes it as the former SeaBank Philippines.

Is CIMB a digital bank in the Philippines?

CIMB Bank Philippines provides digital banking services, but a bank offering services primarily online is not automatically part of the BSP digital-bank classification. Its regulatory classification should be checked separately from its marketing or operating model.

Is GCash a digital bank?

No. GCash is an e-wallet operated by G-Xchange, Inc., a BSP-supervised non-bank electronic-money issuer. Savings products available through GCash may be issued by separate partner banks.

Is Maya a digital bank?

Maya Bank, Inc. is a digital bank. Maya Philippines, Inc., which operates electronic-money services, is a separate regulated entity.

Are digital-bank deposits insured?

Eligible digital-bank deposits are insured by PDIC up to ₱1 million per depositor, per bank.

Can I open accounts with several digital banks?

Yes, subject to each bank’s identity-verification and eligibility requirements. PDIC coverage is applied separately per depositor, per insured bank.

Can foreigners open digital-bank accounts in the Philippines?

Eligibility varies by bank. Some institutions require Philippine residency, a Philippine mobile number, an accepted local identification document or proof of address.

Can I visit a digital bank’s office?

A digital bank’s principal or corporate office may not offer walk-in customer services. Contact the bank first through its official app, help centre or hotline. GoTyme kiosks provide selected onboarding and card services but are not full-service branches.

Digital-Bank Account Checklist

Before opening or funding an account, confirm:

The legal institution appears in BSP records.
The app comes from an official source.
The account is a bank deposit rather than an e-wallet balance.
The deposit is eligible for PDIC insurance.
The base interest rate is clearly stated.
Promotional conditions are understood.
Transfer fees and limits are acceptable.
Time-deposit withdrawal penalties are clear.
Customer-support channels are available.
Security and account-recovery settings are enabled.

Digital banks can provide convenient savings, payments, transfers and credit without requiring conventional branch visits. The most sulit option is not automatically the bank advertising the highest promotional rate. It is the bank whose security, account access, fees, product conditions and customer support match the way you intend to use your money.