Introduction
Digital banking in the Philippines has grown tremendously over the past few years. From high-interest savings accounts to cashless payments, digital banks offer convenience that traditional banks just can’t match.
If you’re looking for the best digital bank for savings, investments, or everyday transactions, this guide will give you a complete list of digital banks operating in the Philippines in 2026, along with their key features, interest rates, and standout benefits.
Why Digital Banks Are Popular in the Philippines
- High interest rates – Many digital banks offer up to 6% annual interest, way higher than regular savings accounts.
- Convenience – Open an account in minutes using just your phone.
- No branch visits – Deposit, withdraw, and pay bills without leaving your home.
- Secure transactions – Regulated by BSP (Bangko Sentral ng Pilipinas).
Complete List of Digital Banks in the Philippines (2026)
Here’s the updated list of digital banks you can consider:
1. Tonik Digital Bank
- Highlights: Up to 6% interest on savings accounts
- Features: Time deposits, debit card, instant transfers
- Pros: High interest, easy onboarding
- Cons: Limited physical cash-in options
2. GoTyme Bank
- Highlights: 5–6% interest on savings, GCash/Maya integration
- Features: Free digital debit card, bill payments, auto-savings goals
- Pros: User-friendly mobile app, no minimum balance
- Cons: Some transfer limits for non-partners
3. Maya Bank
- Highlights: 4–5% interest on savings, Maya app ecosystem
- Features: Debit card, QR payments, auto-investment options
- Pros: Integrated with Maya Pay, cashless payments
- Cons: App can be overwhelming for beginners
4. Overseas Filipino Bank (OFB)
- Highlights: Best for OFWs, high-interest savings for remittances
- Features: Remittance-focused, low fees, mobile onboarding
- Pros: Tailored for OFWs, competitive interest rates
- Cons: Some services limited for non-OFWs
5. DiskarTech (RCBC Digital)
- Highlights: 4–5% interest on digital savings
- Features: Cash-in/withdraw via partner outlets, debit card, QR payments
- Pros: Accessible for unbanked Filipinos, cash-in at many locations
- Cons: Lower app UX compared to newer banks
6. UnionDigital / UnionBank
- Highlights: Digital savings, investment options, debit card
- Features: Linked to UnionBank ecosystem, auto-savings, fund transfers
- Pros: Well-established bank backing, reliable
- Cons: Interest rates slightly lower than pure digital banks
7. ING Philippines
- Highlights: Up to 6% interest for savings accounts
- Features: Debit card, international transfers, secure digital onboarding
- Pros: No monthly fees, high interest, globally recognized
- Cons: Limited physical cash-in options
8. CIMB Bank Philippines
- Highlights: Savings and time deposit accounts
- Features: Easy account opening, mobile banking, debit card
- Pros: Trusted ASEAN-based bank, simple app
- Cons: Lower interest rates than competitors
Tips for Choosing a Digital Bank
- Check interest rates vs. fees
- Consider cash-in and cash-out options
- Look for app reliability and user interface
- Check if they integrate with other wallets or apps (GCash, Maya)
- Verify if they are BSP-licensed for security
Blogger’s Corner
Honestly, digital banks are a game-changer for Filipinos who want to grow their savings without jumping through hoops. I personally keep accounts in 2–3 digital banks to take advantage of high-interest rates and convenient cashless payments.
Just remember: higher interest comes with fewer physical cash options, so choose based on your lifestyle.
Conclusion
Digital banking in the Philippines is evolving fast, and 2026 is shaping up to be the year of convenience and high-yield savings. Whether you’re looking to save, invest, or just manage daily transactions, this list gives you a solid starting point.
💡 Pro Tip: Try opening accounts in 1–2 digital banks and test their apps. Compare interest rates, fees, and usability before committing fully.