If you’ve been using SeaBank for your savings account, you might be surprised to see that the name is no longer the same. As of 2025, SeaBank Philippines has officially changed its name to Maribank Philippines Inc. But what does this mean for depositors? Should you be worried? Let’s break it down.
From SeaBank to Maribank: The Official Transition
The Bangko Sentral ng Pilipinas (BSP) approved the change on April 21, 2025, while the Securities and Exchange Commission (SEC) cleared the amended Articles of Incorporation and By-Laws on July 31, 2025.
This means that the change is official and legally recognized—the bank will now operate under the name Maribank Philippines Inc.
Why the Change?
SeaBank Philippines was launched under the umbrella of Sea Limited, the parent company of Shopee. The name change to Maribank aligns it more closely with its international branding, since Sea Limited already operates MariBank Singapore.
In short, this is more of a branding move rather than a structural change.
What Happens to Your Account?
The good news: your deposits, interest rates, and account access remain the same.
Here’s what you need to know:
- No need to open a new account. Your SeaBank account automatically transitions to Maribank.
- Your money is safe. Deposits are still insured by the PDIC (Philippine Deposit Insurance Corporation) up to ₱500,000.
- Mobile app updates. Expect rebranding in the app, website, and other communication channels soon.
- Same promos, same rates. As of now, there’s no official change in their interest rate structure or ongoing promos.
What Should You Do as a Depositor?
For regular users, there’s nothing major to worry about. But here are a few steps to take note of:
- Update your app. Make sure to download the latest version when it rolls out under Maribank.
- Check your linked accounts. If you connected SeaBank to ShopeePay or other e-wallets, ensure they continue to function after the transition.
- Watch out for official announcements. Any changes in terms, rates, or promos will be communicated through the bank’s official channels.
Will This Affect Interest Rates?
As of now, Maribank (formerly SeaBank) still offers competitive savings interest rates, which is one of the main reasons many Filipinos opened an account with them in the first place. The rebranding itself doesn’t mean rates will change, but it’s always smart to stay updated.
Final Thoughts
For many Filipinos, the main question is simple: Does this name change affect my money? The answer is no—your savings are safe, insured, and still earning interest.
This move is primarily about aligning SeaBank Philippines with its parent company’s global brand. So, whether you call it SeaBank or Maribank, the service remains the same.