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Showing posts sorted by relevance for query UnionBank savings. Sort by date Show all posts

Did you know that you can open an account with just 1 valid ID? Here's how!



With the rise of home-based jobs and online payroll transactions, no one can deny that it is essential to open a savings account to ensure your current and future financial security. It's nice for us that there are several banks in the Philippines that only require one (1) valid ID to open a savings account!

In this guide, we list different banks that accept one valid ID for opening a savings account.

RELATED: List of Philippine Banks Swift Code/BIC (Meaning & How To Use)

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HELPFUL ITEMS YOU CAN USE TO SAVE MONEY!

Here's my list of useful items for you to save or earn money wisely:

Shopee is my go-to app for things I needed like the ones above. If you'd like discounts and vouchers, you may get the best offers here:

Easy Savings Account – Security Bank

Security Bank offers several kinds of Savings account. One of them is their Easy Savings Account which is their basic savings account that provides a simple and convenient way to bank. They also have NO interbranch fees!


Security Bank’s acceptable IDs:

For Resident Citizen, Non-resident Citizen, and Resident Alien
  • 1 primary valid ID or 2 secondary valid IDs

List of Primary IDs for opening a savings account at Security Bank:


How to open a Security Bank Easy Savings Account

  1. Complete the account opening online form
  2. Wait for the confirmation for online video call appointment (Account Opening via Video Call is currently available during weekdays (excluding holidays) from 9:00am to 4:00pm)
  3. Accomplish online video call to finalize application.




GSave Savings Account

As long as you’re above 18 years old, a fully verified GCash user, and have one valid ID, you can easily put up a savings account via Gcash. Explore their GSave feature in which users can deposit and withdraw their savings easily! GCash has partnered with CIMB Bank to provide its users a maximum withdrawal amount per day of Php 50,000 and a maximum deposit amount in total of Php 100,000.


GCash’s GSave acceptable IDs:

Any of the following:
  • Driver’s License
  • Passport
  • PRC ID (issued prior to September 2019)
  • UMID
  • Postal ID
  • Voter’s ID
  • SSS ID (with date of birth)
  • PhilSys ID
  • PhilHealth ID




UnionBank SavingsPlus Account

UnionBank offers their SavingsPlus Accounts online with NO medical examination required, NO monthly insurance premium payments, Convenient application process: no lengthy paper forms, Optional Visa Debit Card and hassle-free banking with UnionBank Online.


UnionBank’s acceptable Group A IDs:

Any of the following:
  • Passport
  • Professional Regulatory Commission (PRC) ID
  • NBI Clearance
  • GSIS e-card / GSIS ID (membership ID)
  • SSS ID/ Unified Multipurpose ID (UMID)
  • Integrated Bar of the Philippines (IBP) ID
  • School ID
  • Driver’s License


How to open a UnionBank SavingsPlus Account

  1. Download UnionBank Online Mobile from the App Store or Play Store
  2. Click on Savings +
  3. Fill out your personal information and the Insular Life Health Declaration Form.


ATTRACTIONS TO SEE IN MANILA 

Klook.com

RCBC Savings Account


RCBC also offers several kinds of Saving Accounts and what’s best with this is that they only require one valid photo-bearing government-issued identification card and proof of address to open an Individual Account with no maintaining balance as well!


RCBC’s list of acceptable IDs:

Any of the following:
    • Passport
    • Seaman’s Book
    • Postal ID (issued 2016)
    • Driver’s License
    • National Bureau of Investigation clearance
    • SSS ID
    • UMID
    • Firearms License
    • PhilSys ID
    • PRC ID
    • IBP ID
    • Senior Citizen Card
    • National Council on Disabled Affairs (NCDA) ID


    How to apply for RCBC Savings Account

    1. Visit RCBC’s Saving Accounts website
    2. Click “APPLY ONLINE”
    3. Then, fill up the series of forms online


    ACTIVITIES AND TOURS IN MANILA


    READ NEXT

    These Banks Let You Open a Savings Account with just One Valid ID


    Here's your guide for savings banks in the Philippines.

    What is a Savings Bank

    A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits.

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    Savings Banks in the Philippines

    As of writing, there are at least 58 savings banks in the Philippines which are all licensed by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under the General Banking Act of 2000.


    HELPFUL ITEMS YOU CAN USE TO SAVE MONEY!

    Here's my list of useful items for you to save or earn money wisely:

    Shopee is my go-to app for things I needed like the ones above. If you'd like discounts and vouchers, you may get the best offers here:

    List of  Savings Banks in the Philippines

    In alphabetical order:
    • 1st Valley Bank (a development bank)
    • AllBank, Inc.
    • Bank of Makati
    • Bank One Savings and Trust Corporation
    • Bataan Development Bank
    • Bataan Savings and Loan Bank
    • BPI Direct BanKo, Inc. (a subsidiary of BPI)
    • BPI Family Savings Bank (will be merging with BPI)
    • Business and Consumers Bank
    • CARD SME Bank, Inc. (a thrift bank)
    • Century Savings Bank Corporation
    • China Bank Savings (formerly PlantersBank - now a subsidiary of Chinabank)
    • City Savings Bank (a subsidiary of Unionbank)
    • Citystate Savings Bank
    • Cordillera Savings Bank, Inc.
    • Dumaguete City Development Bank, Inc.
    • Enterprise Bank, Inc.
    • Equicom Savings Bank (Equicom)
    • Farmers Savings and Loan Bank, Inc.
    • First Consolidated Bank, Inc.
    • Hiyas Banking Corporation
    • HSBC Savings Bank Philippines Inc.
    • Inter-Asia Development Bank
    • Isla Bank (a thrift bank)
    • Legazpi Savings Bank
    • Lemery Savings and Loan Bank, Inc.
    • Life Savings Bank, Inc.
    • Luzon Development Bank
    • Malasiqui Progressive SLB, Inc.
    • Malayan Savings Bank
    • Maritime Savings Bank Corporation
    • Maximum Savings Bank, Inc.
    • Maya Bank
    • Merchants Savings and Loan Association, Inc.
    • Metro Cebu Public Savings Bank
    • NetBank (Community Rural Bank of Romblon)
    • NorthPoint Development Bank, Inc.
    • Overseas Filipino Bank (subsidiary of Landbank; government bank)
    • Pacific Ace Savings Bank, Inc.
    • Pampanga Development Bank
    • Pen Bank, Inc. (formerly Peninsula RB, Inc.)
    • Philippine Business Bank
    • Philippine Resources Savings Banking Corporation (PR Savings Bank; acquired by CitySavings Bank)
    • Philippine Savings Bank (PS Bank; a subsidiary of Metrobank)
    • Philippine Star Development Bank, Inc.
    • PNB Savings Bank ( merged with PNB)
    • Producers Savings Bank Corporation (Producers Bank)
    • Quezon Coconut Bank, Inc. (a thrift bank)
    • Queen City Development Bank
    • RCBC Savings Bank (merged with RCBC) -
    • SeaBank
    • Sterling Bank of Asia
    • Sun Savings Bank, Inc.
    • UCPB Savings Bank (a subsidiary of UCPB)
    • University Savings Bank
    • Village Bank, Inc.
    • Wealth Development Bank Corporation
    • Yuanta Savings Bank Philippines, Inc.



    The banks listed above are those with the biggest assets in the Philippine Banking Industry as of September 30, 2020.


    Acknowledgement: This article is sponsored by Usapang Hanapbuhay.

    Bisitahin ang Usapang Hanapbuhay Facebook Group para sa iba pang tips at mga diskarte sa pera!


    Like Usapang Hanapbuhay Facebook page for other updates!
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    List of Savings Banks in the Philippines

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    Did you know that you can now start saving money online? Here's how.



    Do you want to open a savings account without going to the bank? Thanks to digital banks like CIMB Bank, Tonik, and Maya Bank (formerly PayMaya), they let you open an account through their mobile apps. You can even submit the required documentation in real time.

    Even traditional banks like Maybank, UnionBank, and RCBC have upgraded their processes for clients to do everything online. So that means no more branch visits and long lines.


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    Overview of Digital Banks in the Philippines

    Here's a list of digital banks and their Interest Rate Per Annum:
    • CIMB Bank - 0.50% – 2.60%
    • Komo Bank - 2.50% 
    • Maya Bank (formerly PayMaya) - 6.00%
    • Maybank - Up to 1.00%
    • RCBC - Varies
    • SeaBank - 5.00%
    • Tonik Bank - Up to 6.00%
    • UnionBank - 0.10%



    CIMB Bank

    CIMB Bank Philippines is an all-digital mobile bank. Its first financial product was GSave, which the bank integrated into the GCash app. Eventually, the company introduced other savings accounts, like Upsave, Fast, and Fast Plus, that offer annual interest rates starting from 0.50% to 2.60%.

    The UpSave has a base rate of 2.50%. This account offers free life insurance with coverage of up to ₱250,000 if you maintain a minimum average daily balance of ₱5,000.

    The GSave account is accessible in the GCash wallet and offers a 2.60% interest rate per annum. You can also transfer GCash funds to the GSave account with ease.

    With your CIMB Savings account, you can deposit money over the counter through more than 8,000 partners, including 7-Eleven, SM Payment Center, and LBC. Other features include mobile bank transfers, prepaid reloading, and bills payment.




    HELPFUL ITEMS YOU CAN USE TO SAVE MONEY!

    Here's my list of useful items for you to save or earn money wisely:

    Shopee is my go-to app for things I needed like the ones above. If you'd like discounts and vouchers, you may get the best offers here:

    Maya Bank

    Maya Bank, formerly PayMaya, is a fully digital bank that offers an introductory promo of 6.00% interest rate per annum when you open a savings account until October 13, 2022. This digital bank is available to all Maya users. Depositors need to maintain an average daily balance of ₱10,000 to earn interest.

    The savings are insured by the PDIC for up to ₱500,000. Since it’s linked to your Maya account, you can easily make transactions online such as bills payment, money transfers, and purchases of mobile load.




    SeaBank

    SeaBank by SeaBank Philippines, is another digital bank that’s regulated by the Banko Sentral ng Pilipinas. It’s a rural bank that offers a mobile banking service to all current and non-depositors. Like any other digital bank, opening a savings account is super easy.

    Download the SeaBank mobile app and go through the verification process. Sign up in five minutes with a valid ID. There’s no minimum balance to maintain your account, no deposit cap, and no lock in period. You can deposit for as low as ₱1 and start growing your money with its 5.00% interest rate per annum.

    Depositors receive a daily payout of the interest earnings. You can transfer funds from your SeaBank account to other banks for withdrawals. As of the time of writing, the bank doesn’t have an ATM card.




    Tonik Bank

    Tonik Bank is a digital-only bank in the Philippines that offers a full suite of banking services with no maintaining balance. You can open an account for free through the mobile app. There are no minimum balance requirements. You’ll earn interest on your deposits up to 6.00% per annum, and you can use Tonik’s mobile app to manage your finances on the go.

    Tonik offers a 1.00% interest per annum on your savings account and comes with a physical debit card that you can use for withdrawals and other in-store purchases. Since this is a branchless bank, depositing funds is super easy, as you can do it via GCash, local bank transfer, or CLiQQ kiosks.

    You earn up to 6.00% interest rate per annum with a maximum deposit of ₱100,000 that you will hold off for six months.




    RCBC Touch Q

    RCBC Bank allows clients to open a savings account through RCBC Touch. It’s a web portal for Filipino citizens 18 years old and above. You need a valid government-issued ID for the account opening process.

    If you use RCBC Touch, you can open any savings accounts like One Account, GoSavers, and Regular ATM Savings. It also lets you apply for checking accounts like Dragon Checking and eWoman Checking accounts. The interest rates, initial deposit requirement, and minimum average daily balance of these accounts vary. But for starters, the Regular ATM Savings account only requires a minimum deposit of P3,000.




    iSave by Maybank

    Maybank launched iSave as its first online-only savings account that you can open through the mobile app. Open a savings account straight from your phone and submit the documents online.

    With iSave, there’s no initial deposit or minimum balance required. But if you want to earn a profit of 0.25% per annum, you should have ₱20,000 as your average daily balance.

    You can deposit up to ₱100,000 in your account, and you will also receive an EMV-enabled ATM card if you top up your account with a one-time deposit of at least P1,000.



    UnionBank

    UnionBank is a traditional bank that continuously takes advantage of innovative solutions to improve its services. This is why it has won Best Digital Bank for three straight years. It’s one of the first banks that offered Instapay to clients, allowing real-time fund transfer funds to any major local bank via mobile bank transfer.

    You can pay bills, insurance premiums, and even your taxes. Deposit a check by scanning within the app. Depending on your budget goals or saving habits, you can also open a PlayEveryday, Personal Savings, Savings +, or GetGo Debit account.



    These savings accounts have different minimum ADB and annual fees. But overall, having a UnionBank account gives you the convenience of mobile banking.

    Which digital bank is for you?

    If you are looking for low-interest loans, here's my list of Personal Loans With the Lowest Interest Rates in the Philippines.


    Acknowledgement: This article is sponsored by Usapang Hanapbuhay.

    Bisitahin ang Usapang Hanapbuhay Facebook Group para sa iba pang tips at mga diskarte sa pera!


    Like Usapang Hanapbuhay Facebook page for other updates!
     digital bank philippines highest interest rate digital bank philippines 2022 best digital bank philippines high-interest digital bank philippines best digital bank philippines 2022 union digital bank philippines international finance's best digital bank in the philippines digital banks in the philippines

    Top Digital Savings Banks in the Philippines (CIMB, Maya, Tonik, SeaBank and More!)


    In today’s fast-paced world, financial stability is crucial. Whether it’s for a significant purchase, education, or managing unexpected expenses, personal loans serve as a lifeline for many individuals. UnionBank, a prominent financial institution, offers a reliable solution through its Personal Loan service.



    This guide will walk you through on how to apply for a UnionBank Personal Loan, covering what it is, how to qualify, the necessary requirements, associated fees, the application process, and frequently asked questions.


    What is UnionBank Personal Loan?

    UnionBank Personal Loan is a flexible financial product designed to meet various personal and financial needs. This unsecured loan allows borrowers to access funds without collateral, offering a convenient and efficient way to manage expenses.

    With competitive interest rates and customizable repayment options, UnionBank Personal Loan is a popular choice for many seeking quick financial assistance.

    For other type of loans, visit my detailed guide for best housing loans and car loans in the Philippines!


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    HELPFUL ITEMS YOU CAN USE TO SAVE MONEY!

    Here's my list of useful items for you to save or earn money wisely:

    Shopee is my go-to app for things I needed like the ones above. If you'd like discounts and vouchers, you may get the best offers here:

    How to Qualify for a UnionBank Personal Loan

    To qualify for a UnionBank Personal Loan, applicants need to meet certain criteria:

    Age Requirement: Applicants typically need to be between 21 to 65 years old at the time of loan maturity.

    Income Stability: A stable source of income, whether employed or self-employed, is essential to demonstrate the ability to repay the loan.

    Creditworthiness: A good credit score enhances the likelihood of approval. It reflects your creditworthiness and financial responsibility.

    Employment History: Lenders often prefer applicants with a stable employment history, showing job stability and reliability in repaying the loan.



    Required Documents for UnionBank Personal Loan

    When applying for a UnionBank Personal Loan, you will need to provide the following documents:

    • Proof of Identity: Valid government-issued ID (passport, driver’s license, etc.)

    • Proof of Income: Payslips, Income Tax Return (ITR), or Certificate of Employment and Compensation for employed individuals. Business registration documents and audited financial statements for self-employed individuals.

    • Proof of Residence: Utility bills or any document that verifies your current address.

    • Bank Statements: Bank statements for the last 3 to 6 months to validate your financial transactions and stability.


    Understanding the Fees

    Before proceeding with any loan application, it’s vital to understand the associated fees. UnionBank Personal Loan typically involves:

    Interest Rates: UnionBank offers competitive interest rates, often based on the applicant’s creditworthiness and the prevailing market rates.

    Processing Fees: There might be a one-time processing fee involved, covering the administrative costs of evaluating and processing your loan application.

    Late Payment Fees: It’s crucial to adhere to the repayment schedule to avoid late payment charges, which can significantly impact your financial planning.



    How to Apply for UnionBank Personal Loan

    Applying for a UnionBank Personal Loan is a straightforward process:

    STEP 1: Research
    • Begin by researching UnionBank’s Personal Loan offerings, interest rates, and terms. Ensure you understand the loan features and choose the one that aligns with your needs.

    STEP 2: Prepare Documents
    • Gather all necessary documents, including proof of identity, income, residence, and bank statements.

    STEP 3: Online Application
    • Visit UnionBank’s official website and navigate to the Personal Loan section. Fill out the online application form, providing accurate and complete information.

    STEP 4: Submission
    • Submit the application form online, attaching all required documents for verification.

    STEP 5: Evaluation
    • UnionBank will assess your application, reviewing your documents and creditworthiness.

    STEP 6: Approval and Disbursement
    • Once approved, the loan amount will be disbursed to your bank account, allowing you to use the funds for your intended purpose.


    ATTRACTIONS TO SEE IN MANILA 

    Klook.com

    In conclusion, UnionBank Personal Loan provides a reliable solution for individuals seeking financial assistance. By understanding the application process, eligibility criteria, required documents, fees, and frequently asked questions, you can navigate the process with confidence. Always remember to assess your financial capability before taking any loan and ensure timely repayments to maintain a healthy credit profile.

    If you are looking to apply for a credit card, here are my Tips to Get Approved for a Credit Card Application.



    Frequently Asked Questions (FAQs) for UnionBank Personal Loan

    Q1: What is the maximum loan amount I can avail of through UnionBank Personal Loan?
    A1: The maximum loan amount varies based on your eligibility and financial assessment. It’s advisable to check with UnionBank or use their online loan calculator for an estimate.

    Q2: Can I apply for a UnionBank Personal Loan if I am self-employed?
    A2: Yes, UnionBank Personal Loan is available for both employed individuals and self-employed professionals. You need to provide business registration documents and financial statements for evaluation.

    Q3: How long does it take for UnionBank to process a Personal Loan application?
    A3: The processing time varies, but UnionBank strives to process applications efficiently. Typically, it may take a few days to a week for the application to be evaluated and approved.

    Q4: Can I prepay my UnionBank Personal Loan?
    A4: Yes, you can prepay your loan, but there might be specific terms and conditions associated with prepayment. It’s recommended to inquire with UnionBank about their prepayment policies.


    ACTIVITIES AND TOURS IN MANILA

    Other Low-Interest Personal Loans in the Philippines

    Here's a list of banks or financial institutions that offer personal loans with the lowest interest rates in the Philippines:

    How to Apply and Get Approved for UnionBank Personal Loan (Amount, Interest Rate & Processing Time)


    If you’re looking for credit cards with no annual fees, no penalty charges, and simple, smart features, UnionBank’s U Visa Platinum and U Platinum Mastercard are two of the most beginner- and budget-friendly options in the Philippines.



    This guide will walk you through how to apply, what makes each card unique, and how to choose the right one for your lifestyle.


    Quick Comparison: U Visa Platinum vs. U Platinum Mastercard

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    Both cards have identical core features, with the main difference being the card network (Visa vs. Mastercard).


    The better choice depends on where you usually shop or pay bills.




    Features

    Whether you choose the U Visa Platinum or the U Platinum Mastercard, you’ll enjoy the following benefits:


    🏆 No Annual Fees – Ever


    You’ll never pay a single peso in annual membership fees, making these ideal for long-term use with minimal maintenance costs.


    🚫 No Penalty Charges


    Forget about surprise charges. These cards do not charge late payment or over-limit fees, helping you stay in control even if you miss a payment.


    💸 10% Rebate on Interest Charges


    If you occasionally carry a balance, you’ll get 10% back on the interest you pay — a rare perk that reduces your borrowing cost.


    📆 Flexible Payment Terms


    Up to 36 months 0% installment at partner merchants

    Up to 50-day grace period before interest applies

    Minimum payment option as low as 4% of total amount due


    📱 Digital-First Convenience


    Instant access via UnionBank Online app

    Virtual card available while waiting for physical card

    Tap-to-pay for fast, secure in-store transactions



    Which One Should You Choose?


    In terms of functionality, both are excellent starter or everyday cards. Your choice may come down to merchant preference, network loyalty, or just personal branding.




    How to Apply for a U Visa Platinum or U Platinum Mastercard


    ✅ Eligibility Requirements


    Age: 18–70 years old

    Residency: Must reside in the Philippines

    Valid ID: Government-issued ID (e.g., UMID, Driver’s License, Passport)

    Proof of Income:

    • Payslips (last 3 months), or

    • Latest ITR/Form 2316, or

    • Certificate of Employment

    Optional: Existing bank or credit card statement

    Tip: Having a UnionBank payroll or savings account can speed up approval.



    Application Steps (Online)



    2. Choose U Visa Platinum or U Platinum Mastercard

    3. Click Apply Now

    4. Fill out the online application form

    5. Upload required documents

    6. Submit and wait for approval (can be instant or within 1–3 days)

    Once approved, you can activate and start using your virtual card immediately via the UnionBank app.




    What to Expect After You Apply


    Approval Time: Instantly to 3 business days

    Card Delivery: 3–7 business days in Metro Manila; longer in provinces

    Virtual Card Access: Usually same day upon approval


    Image from Reddit

    Pro Tips for Approval


    Make sure your submitted documents are clear and complete

    If you're employed, use your most recent payslips or COE

    Maintain a good credit history or avoid simultaneous credit applications

    Use an email and mobile number linked to a UnionBank account for faster validation



    Watch for Promo Offers


    UnionBank occasionally runs promotions for new applicants — sometimes offering:

    • Free gadgets (AirPods, speakers, smartwatches)

    • ₱4,000–₱8,000 cash credits

    • Vouchers from Lazada, Shopee, or Grab

    Check trusted partner sites like Moneymax, GoRewards, or UnionBank’s official channels for the latest offers.



    Final Thoughts



    ✅ Both cards are:

    • Worry-free

    • Maintenance-free

    • Beginner-friendly

    • Packed with just enough perks to make everyday spending smarter




    How to Apply and Get Approved for UnionBank U Credit Card (U Visa Platinum vs U Platinum Mastercard)


    The Social Security System (SSS) and the Union Bank of the Philippines (UnionBank) have announced the launch of the MySSS Card, a new innovation designed to provide millions of Filipinos with a single, powerful tool for both government transactions and financial services.



    The MySSS Card is a two-in-one product that functions as an official SSS-recognized ID while also serving as a UnionBank-powered Visa debit card. This landmark partnership aims to accelerate digital inclusion and provide a secure, convenient way for SSS members to manage their finances, especially for those who are unbanked.



    "This partnership marks a major step forward in making government services more accessible and efficient for our members," said Robert Joseph M. De Claro, President and CEO of SSS.

    "The MySSS Card empowers our members with a secure and convenient way to receive their benefits, while also serving as an official SSS-recognized ID."



    The card enables SSS members to receive their benefits, loans, and refunds directly into a UnionBank savings account. Applicants can request the MySSS Card via the UnionBank Online app, which provides access to a full suite of digital banking features and the ability to make worldwide Visa transactions.



    The initiative is expected to have a broad impact, with over 40 million Filipinos holding a PhilSys ID now eligible for the MySSS Card. This new offering builds on a previous SSS-UnionBank partnership that has already issued hundreds of thousands of cards since October 2022.



    Ana Aboitiz Delgado, President and CEO of UnionBank, described the collaboration as a "game-changer" in reshaping the Philippine banking landscape. “Together with SSS, we are once again reimagining what banking can be like for millions of Filipinos,” she said. “We are proud to be partners in this initiative that enhances financial inclusion.”

    The MySSS Card is set to roll out soon, promising a faster, safer, and smarter way for members to manage their government-related and financial transactions. Members are encouraged to stay tuned for the official release and monitor updates through UnionBank's official channels.


    Read More SSS Guides . . .


    SSS, UnionBank Launch Two-in-One MySSS Card to Boost Financial Inclusion


    When it comes to online shopping in the Philippines, Lazada is a major player. Recognizing the loyalty of its customers, Lazada has teamed up with UnionBank to offer a suite of financial products that reward your spending: the Lazada Debit Card and the Lazada Credit Card.



    These cards are more than just payment methods; they're loyalty tools designed to give you exclusive benefits and maximize your savings every time you shop on the platform.



    The UnionBank Lazada Credit Card: The Ultimate Shopper's Companion

    The UnionBank Lazada Credit Card is the go-to choice for avid online shoppers who want to turn their spending into serious rewards. It’s a Credit Card built for the digital age, offering a seamless way to earn as you spend.

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    Key Benefits of the Credit Card


    • Massive Rewards on Lazada: The biggest perk is the accelerated rewards system. You earn 6 Lazada Credits for every ₱200 you spend on the Lazada app. For all other purchases outside of Lazada, you still earn 1 Lazada Credit for every ₱200 spent. These credits can be easily converted into discounts on your next purchase.

    • Exclusive Vouchers and Discounts: Cardholders get exclusive access to monthly free shipping vouchers and special discount vouchers during major Lazada sale events like 6.6, 11.11, and the Brand Mega Offers.

    • Instant Virtual Card: No need to wait for the physical card to arrive. Upon approval, you'll get an instant virtual card that you can immediately use for online purchases, letting you start earning rewards right away.

    To apply, you need a minimum annual income of ₱360,000 and must be a Filipino resident. The application is a hassle-free online process through the UnionBank app or website.




    The UnionBank Lazada Debit Card: Smart Spending, Smart Savings

    If you prefer to spend within your means, the Lazada Debit Card is an excellent alternative. It functions like a regular debit and ATM card but with the added benefit of Lazada-specific rewards.


    Key Benefits of the Debit Card


    • Rewards on Your Own Terms: You earn 2 Lazada Credits for every ₱200 spent on Lazada and for paying your bills through the app. It's a great way to get rewarded for everyday transactions without relying on credit.

    • No Fees to Get Started: The account requires no initial deposit and no maintaining balance, making it accessible to anyone. It’s a completely free way to open a bank account that comes with shopping perks.

    • Instant Virtual Card: Similar to the credit card, you get an instant virtual debit card through the UnionBank Online app. You can fund it and start shopping immediately after opening your account.

    • Full Banking Features: As a UnionBank account, it’s not just for shopping. You can use it for all your banking needs, including fund transfers to other banks and cash deposits at a wide network of partner merchants.

    You can open the account in minutes directly through the UnionBank Online app with just a valid government-issued ID.




    Making the Right Choice for You

    Whether you choose the credit or debit card depends on your spending habits and financial goals.

    Opt for the Credit Card if you're a heavy spender on Lazada and want to maximize your rewards through credit, with the ability to pay later.

    Choose the Debit Card if you prefer to spend what you have in your account and still want to enjoy exclusive discounts and earn rewards on your purchases.

    Both cards are a testament to the evolving synergy between banking and e-commerce, offering a powerful way for Lazada users to get more value out of every purchase.


    You Can Get a Lazada Debit or Credit Card Powered by UnionBank


    In the ever-evolving world of digital finance and e-commerce, the lines between banking and online shopping are blurring. At the forefront of this innovation is LazSave, a digital savings account offered by CIMB Bank Philippines and seamlessly integrated into the Lazada app.



    LazSave is more than just a place to park your money; it's a "Save and Pay" solution designed for the modern Filipino shopper. It allows you to grow your savings while simultaneously rewarding you for your everyday purchases on the Lazada platform.

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    The Best of Both Worlds: How LazSave Works

    LazSave combines the best features of a high-yield digital savings account with the convenience of an e-commerce payment method. This synergy creates a unique value proposition for consumers who are active in the digital space.




    Key Benefits of a LazSave Account


    No-Frills Banking: The account requires no initial deposit and no maintaining balance, making it highly accessible to everyone, from students to seasoned online shoppers. This eliminates the worry of dormant account fees or minimum balance requirements.

    Competitive Interest Rate: LazSave offers a competitive interest rate on your savings, allowing your money to earn more compared to traditional bank accounts. As of August 1, 2025, the base interest rate for LazSave has been adjusted to 2.50% per annum. While this is a change from previous promotional rates, it still provides a solid return on your savings. The interest is computed daily and credited monthly, allowing you to watch your money grow.

    Exclusive Shopping Rebates: A standout feature of LazSave is the 1% rebate you can earn on your Lazada purchases. When you use your LazSave account to pay for your items, you get a percentage of your total purchase credited back to your account. This is like getting an additional discount on top of any vouchers or sales. It's a powerful incentive that encourages a "save while you spend" mindset.

    Convenient and Secure: Opening and managing the account is done directly through the Lazada app, a platform most users are already familiar with. Funds can be cashed in through various channels, and you can easily transfer money to other banks. The entire process is digital and secured with CIMB's robust banking security measures.



    Eligibility Requirements

    To be eligible to open a LazSave account, you must:

    • Be a Filipino citizen.

    • Have an active Lazada account.

    • Have at least one valid government-issued ID for verification.


    How to Get Started with LazSave

    Opening a LazSave account is a straightforward process, designed for a hassle-free digital experience:

    • Open the Lazada App: Ensure your app is updated to the latest version.

    • Access Your Wallet: Go to the "Account" tab and select "Lazada Wallet."

    • Find LazSave: Look for the LazSave by CIMB option and tap to begin the application.

    • Complete the Digital Form: You will be prompted to fill in your personal details and required information.

    • Verify Your Identity: This crucial step involves an OTP and a quick selfie-check to confirm your identity, ensuring your account's security.

    • Start Saving and Shopping: Once verified, your LazSave account is active. You can now cash in funds and start paying for your Lazada purchases to earn rebates and interest.





    LazSave vs. Other CIMB Products

    It's important to know that LazSave is a separate savings product from other CIMB accounts like GSave or UpSave. While they are all under CIMB Bank, LazSave is uniquely linked to the Lazada ecosystem, offering exclusive perks for its users on the platform.

    In conclusion, LazSave is an innovative financial tool that merges the practicality of a digital savings account with the lifestyle of a frequent online shopper. It provides a unique opportunity to turn your shopping habits into a savings strategy, offering a compelling blend of convenience, high interest, and exclusive rewards.


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