Who Are the Digital Banks in the Philippines? 2026 Guide
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 | 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.
If you’re weighing a Tonik (or any bank’s) time deposit against Pag-IBIG’s voluntary MP2 savings program, see our Pag-IBIG MP2 vs. time deposit comparison for the after-tax math following the 2025 CMEPA tax law change.
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.
