Social Items

Showing posts sorted by relevance for query Visa Debit. Sort by date Show all posts
Showing posts sorted by relevance for query Visa Debit. Sort by date Show all posts

Commuters on Metro Manila's busiest railway can now experience a faster, more convenient way to travel. The Department of Transportation (DOTr) today officially launched cashless payment options for the MRT-3, marking a significant upgrade in the urban transit system and positioning it as a pioneer in seamless payment technology.



DOTr Secretary Vince Dizon led the unveiling at the MRT-3 Ayala Station, personally demonstrating the ease of the new system. He highlighted that commuters can now simply tap their debit or credit cards directly at the gates or, for e-wallet users, generate a QR code from their mobile apps for scanning.


"There is no additional fare here," Secretary Dizon assured commuters. "The system is, whatever is deducted from your GCash, your credit card, your debit card, it is the same as if you bought a single journey ticket."


Loading...

This innovative payment setup is touted by the transport chief as the first of its kind globally, capable of accepting both Near Field Communication (NFC) taps and QR codes from a single terminal. The DOTr also announced plans to extend these same cashless options to LRT-1 and LRT-2 lines in the near future, with the support of GCash and RCBC.



How to Use GCash at MRT-3 Gates

For the millions of Filipinos who rely on e-wallets, paying for their MRT-3 ride using the GCash app is now remarkably straightforward:

STEP 1 - Open your GCash app: Ensure you have the latest version installed on your smartphone.


STEP 2 - Look for "Commute" and tap it: This dedicated icon simplifies access to the QR ticketing feature.

STEP 3 - A QR Code will appear: This unique code is your digital ticket.

STEP 4 - Tap or scan your QR Code at an MRT-3 entry gate: Simply present your phone screen with the QR code to the designated scanner.


STEP 5 - The gate will open: Proceed through the turnstile.

STEP 6 - Do the same at the exit gate: The process is identical for exiting the station, ensuring your fare is correctly calculated.


Important Note: Your GCash account must have a minimum balance of ₱28 to successfully use the Commute QR code feature. For added convenience, users can also download a copy of their Commute QR for subsequent gate uses.


Wide Range of Participating Banks

Beyond GCash, the DOTr confirmed a broad list of banks supporting the MRT-3's new cashless payment method, offering flexibility for cardholders:



  • GCash: Visa (Debit), QR Code
  • Landbank: Mastercard (Debit/Credit), Visa (Debit)
  • BPI: Visa (Debit/Credit)
  • BDO: Mastercard (Credit), Visa (Debit/Credit)
  • HSBC: Visa (Debit)
  • GOTyme: Visa (Debit)
  • Union Bank: Visa (Debit)
  • RCBC: Mastercard (Debit/Credit), Visa (Debit)
  • Metrobank: Mastercard (Credit)
  • Security Bank: Mastercard (Credit)
  • Maya: Visa (Debit/Credit)
  • Chinabank: Mastercard (Credit)


This expansion of payment options is expected to significantly reduce queuing times, improve efficiency, and enhance the overall commuting experience for MRT-3 passengers, ushering in a new era of modern urban transportation in the Philippines.

You Can Now Pay For Your MRT-3 Ride Using Your GCash App!


Did you know you can now cash in to your Maya wallet using your credit card—with zero convenience fees? That’s right—Maya is running a promo that allows users to cash in using Visa credit cards without being charged the usual 2%–3.5% service fee. I tried it myself using my BDO Visa credit card, and here’s everything you need to know before trying it yourself.



What Is the Maya Visa Credit Card Cash-In Promo?

Maya is currently offering a No Convenience Fee promo when you cash in using any Visa credit card, directly through the app. This is a major win for users who want to fund their Maya wallet without bank transfers, InstaPay, or trips to physical stores. You can now top up directly from your credit line at no additional cost—if you do it right.


Loading...

Promo Period

As of writing (August 2025), the promo is ongoing, but like all promos, it may be time-limited. Check the Maya app announcements or their social media pages to see if it’s still active.





My Personal Experience with BDO Visa Credit Card

I tested the process myself using my BDO Visa credit card, and here’s how it went:

  • ✅ The transaction pushed through instantly

  • ✅ I was not charged any convenience fee

  • ✅ The amount was credited to my Maya wallet in real time

  • ✅ It worked as long as the amount was under ₱5,000

However, there were a few key limitations:

  • ⚠️ Maximum of two transactions under ₱5,000 were allowed per day

  • ⚠️ My attempts to cash in ₱5,000 or higher were declined

  • ⚠️ BDO only allowed a total of ₱9,998 (₱4,999 × 2) in one day

So if you’re using a BDO Visa credit card, you can cash in up to ₱9,998 daily using this method—as long as you split the transactions.



Important: Check for Quasi-Cash Fees

While Maya waives their own convenience fee during the promo, some banks treat wallet top-ups as “quasi-cash transactions”, which may trigger cash advance fees or interest charges.



How to Avoid This


Check your bank's policy before using their credit card

Call your bank and ask: “Do you charge quasi-cash or cash advance fees for wallet top-ups?”

Use banks that treat Maya top-ups like regular purchases (BDO Visa seems to be one of them)

Banks known for quasi-cash fees include some foreign banks, fintech cards, and even certain local Mastercard issuers. Visa cards seem to work better overall for this promo.

Apply for a BDO Credit Card now!


How to Cash In to Maya Wallet Using Your Credit Card

Here’s the full step-by-step process:

  1. Open the Maya app

  2. Tap “Cash In” from the home screen

  3. Select “Credit/Debit Card”

  4. Tap “Link a New Card” and enter your Visa credit card details

  5. Set your desired amount (keep it under ₱5,000 per transaction)

  6. Confirm the payment and complete any OTP verification from your bank

  7. Wait for the top-up to reflect—should be instant

You’ll receive confirmation from both Maya and your credit card provider.




Reminders Before You Try It


💡 Only Visa credit cards are eligible for the no-fee promo (not Mastercards)

🔐 Make sure your card supports online transactions and 3D Secure

⚠️ Some banks might decline transactions flagged as wallet top-ups

📈 If you exceed daily limits, you may need to wait 24 hours before trying again



Final Thoughts

This Maya Visa credit card cash-in promo is a smart way to add funds to your wallet for free, especially if you're investing through DragonFi Lite, paying bills, or sending money. Just be mindful of your card’s policies and transaction limits to avoid any surprise fees.

If you’re using a BDO Visa card like me, it’s a safe bet—but always start with small amounts and monitor your credit card statement after your first few transactions.


More Financial Guides


How to Cash In to Maya Wallet Using a Credit Card (with No Fees!)


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.

Loading...

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


All you need to know about Korean Electronic Travel Authorization or K-ETA.



What is the South Korea ETA?

The South Korea ETA is a mandatory travel document required by Korean immigration authorities for visitors whose nationality is exempted from a visa.


It is part of the new travel measures implemented in May 2021, and it must be completed within 24 hours before the visitors arrive in the country. Otherwise, access will be denied.

Once it is approved, you can travel to South Korea with this visa that has a duration of two years from the moment you receive it.


Loading...


Who can travel to South Korea with the ETA?

If your passport is from one of these nationalities, you can enter South Korea with the ETA.

Albania
Andorra
Antigua & Barbuda
Argentina
Australia
Austria
Bahamas
Bahrain
Barbados
Belgium
Bosnia and Herzegovina
Botswana
Brazil
Brunei Darussalam
Bulgaria
Canada
Chile
Colombia
Costa Rica
Croatia
Cyprus
Czech Republic
Denmark
Dominica
Dominican Republic
Ecuador
El Salvador
Estonia
Fiji
Finland
France
Germany
Greece
Grenada
Guatemala
Guyana
Haiti
Honduras
Hong Kong
Hungary



Iceland
Ireland
Israel
Italy
Jamaica
Japan
Kazakhstan
Kuwait
Latvia
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macao
Malaysia
Malta
Marshall Islands
Mauritius
Mexico
Monaco
Montenegro
Morocco
Nauru
Netherlands
New Caledonia
New Zealand
Nicaragua
Norway
Oman
Palau
Panama
Paraguay
Peru
Poland
Portugal
Qatar
Romania
Russia
Saint Kitts and Nevis
Saint Lucia


Saint Vincent & Grenadines
San Marino
Saudi Arabia
Serbia
Seychelles
Singapore
Slovakia
Slovenia
South Africa
Spain
Suriname
Swaziland
Sweden
Switzerland
Taiwan
Thailand
Trinidad and Tobago
Tunisia
Turkey
Tuvalu
United Arab Emirates
United Kingdom
UK crown dependencies and overseas territories
United States
Uruguay
Vatican City
Venezuela




Who doesn’t need to apply for the South Korea ETA?

Starting from April 1, 2023, until December 31, 2024, visitors from 22 countries/regions will not require a South Korea ETA. This move was initiated by the South Korean government to celebrate "Visit Korea Year". The countries/regions included in this initiative are:

Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Italy, Japan, Macao, Netherlands, New Zealand, Norway, Poland, Singapore, Spain, Sweden, Taiwan, UK, and US (including Guam).

However, please note that citizens of these countries/regions can still apply for a K-ETA online, which will allow them to skip filling out an arrival card upon arrival at the South Korean airport. To avoid any inconvenience and save time during your arrival, we recommend that you apply for a K-ETA online with iVisa.


ATTRACTIONS TO SEE IN MANILA 

Klook.com

How to get the South Korea ETA?

To apply for the K-ETA online with iVisa you just need to follow these simple steps below, and you’ll be done in no time:

STEP 1: Fill out our simplified application form with your personal information. Once you’re done, you can select how fast you want to receive your travel document. We have three different speed options.

STEP 2: Double-check that all the information in the application form is correct. We want to avoid any issues with your application. All the details need to match your supporting documents. Once you’re sure everything is correct, you can proceed to pay the visa fee with a credit/debit card or PayPal.

STEP 3: Upload all the supporting documents and submit your visa application form. Make sure that the scan is clear and has no smudges.

Visit the application page to get your South Korea ETA right away!


Present the ETA at the airport

Once you submit your form, our team will process your request, and they will take care of the procedure. If it is approved, you will receive a confirmation email together with your South Korea ETA. Make sure to print it and present it to immigration authorities when you arrive.



ACTIVITIES AND TOURS IN MANILA


Things to Remember about K-ETA

The K-ETA is a Multiple Entry travel document with a validity period of 2 years after arrival.

If you have more than one nationality, you should choose the nationality of the passport that you are going to use for the trip.

Your passport must be valid by the time of your trip to South Korea. It must be a regular passport.

If you get a new passport for any reason, you will need to re-apply for a new K-ETA.

Starting from April 1, 2023, until December 31, 2024, travelers from 22 countries/regions won’t need to apply for a South Korea ETA.

If you want to know if you are exempted from applying, you can check the Learn More section below, or use our handy iVisa Visa Checker.

It is highly recommended that you keep your K-ETA with you either as a soft copy (smartphone, tablet, etc.) or as a hard copy in case of any failure in the system.

What is K-ETA: Guide to Korea Electronic Travel Authorization (How to Get & When to Use)


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


Traveling abroad from the Philippines can be an exciting adventure, whether you're embarking on a leisurely vacation or a business trip. However, proper preparation and knowledge of procedures are essential to ensure a smooth journey. Below is a detailed guide to help you navigate the process effectively:



Things to Bring to the Airport

By including these additional items in your travel preparations, you'll be better equipped to navigate the airport procedures and enjoy a hassle-free international journey from the Philippines.

Valid Passport: Ensure your passport is valid for at least six months beyond your intended stay in the destination country.

Visa and Travel Documents: Carry all required visas, permits, and travel documents for your destination.

Printed Flight Itinerary/Tickets: While electronic tickets are convenient for domestic flights, it's advisable to print out your tickets for international travel. You'll need to present them multiple times throughout the journey, from check-in to immigration, making it more practical and efficient than relying solely on your phone.

Travel Insurance: Consider purchasing travel insurance to cover medical emergencies, trip cancellations, and other unforeseen circumstances.

Currency and Payment Methods: Bring sufficient local currency for immediate expenses upon arrival, as well as international credit/debit cards for convenience.

Loading...

Company ID: Immigration officers may request a company ID as proof of your ties to the Philippines and your intention to return. Carry this along with other identification documents to facilitate the immigration process.

Credit Card: Some airlines may require a copy of the credit card used for booking tickets online, so be prepared to present it if necessary. Additionally, having a credit card provides a safety net in case you need extra funds during your travels or for hotel deposits.

Travel Itinerary: Create a detailed itinerary outlining your planned activities and accommodations. This can be helpful if immigration officers conduct a random check, as it demonstrates your genuine intent to visit as a tourist. Keep a printed copy with you for reference.

Hotel Address and Contact Number: Carry the address and contact information of your accommodations, especially if you're traveling with someone who may need assistance or doesn't speak the local language. This information is also required for immigration forms and ensures easier communication in case of emergencies or getting lost.

A Pen: Don't overlook the importance of carrying a pen. You'll likely need to fill out various forms during your journey, such as immigration and customs declarations. Having a pen readily available saves time and ensures smooth completion of required paperwork.




What to Do Upon Check-in and Departure


Check Your Documents: Ensure you have all the necessary documents required for international travel. These typically include your passport, visa (if required), travel insurance, and any other relevant permits or certificates.

Arrive Early: Arrive at the airport well in advance of your flight. International flights often require you to check in at least three hours before departure to complete security and immigration procedures.

Baggage Check: Head to the designated check-in counter for your airline. Have your passport and travel documents ready for verification. Check your baggage in accordance with the airline's regulations regarding weight, size, and prohibited items.

Security Screening: Proceed to the security checkpoint after checking in your luggage. Remove any metal objects, electronic devices, and liquids from your carry-on baggage for screening. Follow instructions from airport staff to expedite the process.

Immigration Clearance: After passing through security, proceed to the immigration area. Have your passport, boarding pass, and any required departure forms ready for inspection. Answer any questions from immigration officers truthfully and courteously.

Boarding: Once through immigration, proceed to the designated boarding gate indicated on your boarding pass. Boarding usually begins around 45 minutes before departure. Listen for announcements or monitor the information screens for updates on your flight.

Final Security Check: Before boarding the aircraft, you may undergo a final security check at the gate. Follow instructions from airport staff and cooperate accordingly.

Boarding the Aircraft: When your row or group is called, board the aircraft in an orderly manner. Present your boarding pass to the flight attendant and find your assigned seat. Stow your carry-on baggage in the overhead compartment or under the seat in front of you.



List of International Airports in the Philippines




FAQs

Q: Do I need a visa to travel abroad from the Philippines?
A: It depends on your destination country. Research the visa requirements well in advance and apply accordingly.

Q: How early should I arrive at the airport for an international flight?
A: It's recommended to arrive at least three hours before your scheduled departure time to complete check-in, security, and immigration procedures.

Q: Can I bring liquids in my carry-on baggage?
A: Liquids in containers larger than 100ml are generally not allowed in carry-on baggage. Pack liquids in containers of 100ml or less and place them in a clear, resealable plastic bag for security screening.

Q: What should I do if my luggage is lost or delayed?
A: Report lost or delayed baggage to the airline's baggage claim desk immediately upon arrival. Provide details of your baggage and travel itinerary for tracking purposes.

Q: Is it safe to drink tap water in foreign countries?
A: Tap water safety varies by country. It's advisable to drink bottled or filtered water to avoid potential health risks.

Q: How can I stay connected abroad?
A: Consider purchasing a local SIM card or international roaming plan for your smartphone. Alternatively, utilize Wi-Fi hotspots available at airports, hotels, cafes, and other public areas.

By following these guidelines and being prepared for your journey, you can minimize stress and maximize enjoyment during your travels abroad from the Philippines. Safe travels!



ATTRACTIONS TO SEE IN MANILA 

Klook.com

READ NEXT...


Traveling Abroad from the Philippines (What to Do Before an International Flight)


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)

Loading...

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

    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

    Did you know that you can now start saving money and earn high interest without even going to a physical bank? Here's how.



    Last year, I published a list of Top Digital Savings Banks in the Philippines, featuring the most-used digital banks like CIMB Bank, Tonik, and Maya Bank. Unlike the traditional savings account that offer low interest rates, these digital banks are a great option for those who want to grow their savings.

    Also check out the 5 Credit Cards with No Annual Fees in the Philippines

    Loading...

    Digital Bank Accounts with Highest Interest Rate

    In this guide, we will discover what are the top digital banks that offer savings account with highest interest rates:



    1. Maya Savings


    Up to 14% interest rate p.a.

    Rate cap: PHP 100,000

    Promo period: Until October 31, 2023

    Here's how it works:

    3.5% p.a.
    Open a Maya Savings account

    5% p.a.
    Spend a total of P250 via
    Bills pay, Load, QR,
    Checkout, or card

    6% p.a.
    Spend a total of ₱999
    Special bonus interest rate
    for Smart Postpaid
    subscribers

    7% p.a.
    Spend a total of ₱1,000
    via QR, checkout, or card

    9% p.a.
    Spend a total of ₱25,000
    via QR, checkout, or card

    11% p.a.
    Spend a total of ₱35,000
    via QR, checkout, or card

    12% p.a.
    Refer a friend with your
    @username as the invite
    code

    14% p.a.
    New User Exclusive:
    Spend P500




    2. CIMB


    Up to 12% (new users), 6% (existing users)

    Rate cap: PHP 200,000

    Promo period: Until June 30, 2023

    CIMB Bank currently offers a special interest rate of 12% p.a. for new customers who open an UpSave or GSave account. The offer is valid from May 1 to June 30, 2023.

    To be eligible, you must not have any existing open, active, or blocked deposit accounts as of April 30, 2023. For the first two (2) months, you will earn 12% p.a. interest rate on your first PHP 200,000 Total Average Daily Balance (ADB). Any balance in excess of PHP 200,000 ADB will earn the regular base rate of 2.5% p.a. for UpSave and 2.6% p.a. for GSave account.

    Existing customers who maintain a total average daily balance (ADB) of PHP 200,000 or more in their UpSave or GSave account can also avail a special interest rate offer of 6% p.a.

    The offer is also valid from May 1 to June 30, 2023. To qualify, you must have an active UpSave or GSave account as of April 30, 2023 and maintain a total average daily balance of PHP 200,000 or more for the entire month of May 2023.

    If you meet the requirements, you will earn 6% p.a. interest rate on your first PHP 200,000 ADB for the month of May 2023. Any balance in excess of PHP 200,000 ADB will earn the regular base rate of 2.5% p.a. for UpSave and 2.6% p.a. for GSave account.



    3. RCBC DiskarTech


    6.5% interest rate p.a.

    Rate cap: PHP 49,700

    Promo period: not specified

    RCBC DiskarTech is a ‘financial super app’ that has no minimum balance requirement and zero maintaining balance. It offers a high interest rate of 6.5% p.a., which is significantly higher than the standard interest offered by other banks, which is usually less than 1% p.a.

    The account has a maximum deposit limit of PHP 49,700.00. Any balance above PHP 49,700.01 will not earn interest, as the total of your savings and interest is only up to PHP 50,000.

    RCBC DiskarTech accounts are considered Basic Deposit Accounts (BDA) of RCBC. Therefore, any money deposited in DiskarTech is also deposited in RCBC.



    4. GOTyme Bank

    5% interest rate p.a.

    Rate cap: no limit

    Promo period: not specified

    GoTyme Bank offers a 5% p.a. interest rate through Go Save with the tagline, “No missions. No limits. Just simple, secure, and sustainable savings.”

    Like Maya Goals, Go Save lets you create up to five different accounts with personalized goals and timelines. You can achieve your objectives at your own pace while earning a 5% p.a. interest rate on your savings.

    Additionally, Go Save offers two automation tools to help you save money quickly: Auto-save, which allows you to automatically transfer any amount into your savings account on a daily, weekly, or monthly basis, and Save the Change, which rounds up each swipe of your GoTyme Bank Visa debit card to the nearest PHP 10 or PHP 100 and deposits that extra change into your Go Save account.

    The account does not require a minimum or maximum deposit balance to earn interest, and you can earn 5% interest per year, paid monthly to your account.




    5. SeaBank

    4.5% interest rate p.a.

    Rate cap: PHP 250,000

    Promo period: not specified

    SeaBank offers a high interest rate of up to 4.5% per annum, which is credited daily. This applies to users with account balances up to PHP 250,000. For account balances in excess of P250,000, a 3% interest rate p.a. shall apply.

    There is no maintaining balance required, and no lock-in period. You can open an account for free with just one valid ID. Additionally, you can transfer funds from ShopeePay to SeaBank anytime for free.



    6. Tonik

    4.5% interest rate p.a. (Group Stash), 4% p.a. (Solo Stash)

    Rate cap: no limit

    Promo period: not specified

    The default interest rate of a Tonik savings account is only 1% p.a., but it also offers ‘Stashes’ (similar to Maya Goals) with 4% p.a. for solo stash.

    You can set up five stashes which you can then share through group stash with your friends or family that earns up to 4.5% p.a. with at least two participants plus the stash owner.

    No pressure at all too as it requires no minimum amount to deposit.



    ATTRACTIONS TO SEE IN MANILA 

    Klook.com

    7. UNO Digital Bank


    Up to 4.25% interest rate p.a.

    Rate cap: PHP 5,000,000

    Promo period: not specified

    UNO Digital Bank provides a maximum interest rate of 4.25% per annum. Accounts with an end-of-day balance below PHP 5,000.00 receive a base interest rate of 3.50% gross per annum. Accounts with an end-of-day balance ranging from PHP 5,000.00 to PHP 4,999,999.99 are eligible for a step-up interest rate of 4.25% gross per annum. Once the end-of-day balance reaches PHP 5,000,000.00 or more, the interest rate drops to 1.00% gross per annum.

    Interest earned is credited to the account on a daily basis, and funding is simple with InstaPay, PESOnet, and Add Money Online at no cost. UNO also bundle this with a free life insurance coverage worth PHP 50,000.00.



    ACTIVITIES AND TOURS IN MANILA


    Ranking Digital Bank Savings Accounts With the Highest Interest Rates in the Philippines

    Subscribe to: Posts (Atom)