15 Best Digital, Mobile, and Online Banks in the Philippines

Last Updated on – Jul 20, 2021 @ 11:39 am

Filipinos are the world’s top social media users, spending the most time online with their smartphones.

Ironically, that can’t be said about online banking in the Philippines, with its slower adoption rate than its Asian neighbors.

However, there are opportunities for online banking growth in the country. 

Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. sees strong demand from consumers and small-and-medium enterprises for banking innovation.

The digitally savvy young population is also expected to drive the growth of online and mobile banking in the Philippines.

The latest BSP financial inclusion survey found that 88.5% of Filipino adults don’t have bank accounts. Among the top reasons for not having an account are long lines in bank branches and inaccessibility of branches and ATMs. 

These findings are corroborated by a Unisys APAC Banking Insights survey, in which 53% of Filipino respondents said long bank queues frustrated them the most.

The research notes that Pinoys are open to embracing technological innovations for more convenient banking.

Online banking and related tech advancements address such pain points by making financial services more convenient and accessible to Filipinos.

What is Online Banking?

Online banking (also called internet banking, electronic banking, or e-banking) is any financial transaction performed over the internet through a bank’s website on a desktop computer or laptop.

To start using an online banking service, customers need to register for an online account with their bank.

This requires using an ATM/debit card or bank account number and creating a username and password to access the e-banking facility. 

Once registered, customers can complete bank transactions such as funds transfer and bills payment anytime and anywhere without having to go to a physical branch. 

What is Mobile Banking?

Mobile banking enables customers to carry out the same bank transactions with online banking. 

The two services differ in the kind of devices used to access them. Online banking is performed on desktop devices, while mobile banking is available through either a bank’s mobile website or mobile app using a smartphone or tablet.

What is the Difference Between Online Banking and Digital Banking?

An emerging trend in the Philippine banking industry is all-digital banking service. Although it shares some similarities with online banking, digital banking is a different service altogether.

It’s important to understand the differences between these two kinds of banking service, so you know your options and decide which one is better for you.

Commercial banks in the Philippines (the most prominent ones being BDO, BPI, and Metrobank) provide online banking service to their clients whose banking relationship began from a physical branch.

Although these traditional banks have online banking channels, they operate in physical locations around the country. Customers still have to visit their branches for account opening, cash and check deposits, and other transactions that involve large amounts of money. Cash withdrawals still have to be done via ATMs or over the counter.

On the other hand, banks that offer all-digital banking service operate only over the internet, which customers access on a mobile app.

Every activity and function—both front-end (what customers see) and back-end processes—is fully automated using technologies like artificial intelligence, big data, and analytics. 

Among the digital banking pioneers in the country are ING Philippines and OCTO by CIMB Bank.

Because fully digital banks exist without any physical location and face-to-face interaction with tellers, they provide customer service through email, chat, or phone.

The automated processes and the absence of brick-and-mortar branches reduce the operational costs of digital banks. They pass on the resulting savings to customers.

Typically, digital banks don’t require transaction fees, initial deposit, and maintaining balance. Also, their savings accounts have higher interest rates than those of traditional banks.

These things make digital banking the future of online banking.

However, fully digital banks have limited functions, unlike traditional banks with full-range online banking services.

With a digital banking service, you can’t open a joint account or a checking account. To deposit or withdraw cash, you’ll have to do it in another bank or any of the digital bank’s partner outlets.

Related: Best Savings & Time Deposit Accounts from the Top Banks in the Philippines

Pros and Cons of Online Banking and Digital Banking

Online banking and digital banking share some advantages and disadvantages that Filipino consumers must know.

Online and Digital Banking Advantages

1. Convenience and Accessibility

Online and digital banking services are available 24/7, except during system maintenance or upgrade. You can access them at your convenience, whether you’re at home, in the office, or on the go.

This is in stark contrast to physical bank branches. Most of them are open only on weekdays and certain hours of the day.

A notable feature of some online banking channels is automatic bills payment – including for government services such as:

Enabling this service allows you to schedule your payments for utilities, credit card bills, insurance premiums, and more. Your account gets automatically charged every month, and you won’t have to miss due dates.

2. Fast and Efficient Service

Transactions can be completed over the internet in only 5 to 10 minutes. This saves you a lot of time compared to over-the-counter transactions.

Especially during peak hours, customers in a bank branch have to wait in line for at least an hour. You won’t have to deal with that as long as you have an online account with your bank and internet connection.

Related: Best Priority Banking Services in the Philippines

3. Ability to Manage Accounts

Keeping track of your bank accounts is just a few clicks or smartphone taps away.

Online banking channels allow customers to view their transaction history anytime from several months up to the current day.

This feature allows early detection of any suspicious or unauthorized activity, so it can be reported immediately to the bank.

4. Paperless Statements

Online banking eliminates the need for messy paper statements. You can view your statements electronically instead.

It’s eco-friendly, too. While still having access to records of all your transactions, getting electronic statements contributes to paper conservation and zero-waste efforts.

Related: List of Bank Codes (BRSTN) & Swift Codes (BIC) of Philippine Banks

Online and Digital Banking Disadvantages

1. Cybersecurity Threats

This is the biggest concern among Filipinos who are wary of online banking.

Although banks invest in technologies to boost website security, their online banking channels are still vulnerable to hacking, identity theft, and other fraudulent activities that result in unauthorized transactions.

It doesn’t help that banks usually take a long time to investigate and resolve customer complaints on security breaches.

There’s also a need to better educate consumers about protecting their bank accounts against internet security risks.

2. Internet Issues

For a seamless and hassle-free online banking transaction, a stable internet connection is a must.

With the notoriously poor internet speeds in the Philippines, online banking facilities are sometimes inaccessible, especially when customers need them the most. 

Adding to this problem are the regular system maintenance activities—sometimes taking longer than expected—that lead to downtimes and frustrated customers. 

3. Learning Curve

It’s challenging for first-time and non-tech savvy users (like senior citizens) to learn how to use online banking channels, especially mobile banking apps.

It takes some time getting used to. This is why some customers prefer to transact face to face with tellers in bank branches even if the queues get very long.

Related: Top Cashless E-Payment Systems for Merchants & Consumers in the Philippines

Top Digital, Mobile, and Online Banking Services in the Philippines

Here are fifteen of the best banking services in the country based on one or a combination of these criteria:

  • Innovative and useful features
  • Average ratings and number of installs and active users on Apple App Store and Google Play Store
  • Awards received in the banking industry

1. ING Philippines

ING is a Dutch financial services company that started operations in the Philippines in 1997 as a wholesale lender.

In early 2019, ING Philippines launched its all-digital retail banking services via a mobile app.

The digital bank earned the Best Bank in the World Award in 2017 from the Global Finance magazine.

Among all the mobile banking apps on this list, the ING Philippines app has the highest rating of 4.3 on both App Store and Google Play Store.

ING Philippines’ Key Features:

  • Interest rate: 2.5% (10 times higher than typical rates of traditional savings accounts)
  • No minimum deposit amount and no required maintaining balance
  • No lock-in period and no service fees
  • Complete account opening and check deposit via the ING mobile app
  • Funds transfer via PESONet to any bank in the Philippines

How to Open an ING Account:

  1. Download the ING app (on App Store or Google Play Store).
  2. Open the app and tap “Open an Account.”
  3. Provide personal information.
  4. Take a selfie and a photo of any valid ID.
  5. Complete the ID and Birth Information.
  6. Enter the mailing address.
  7. Input employment, tax, and FATCA information.
  8. Sign on a piece of paper, take a clear photo of the signature, and upload the image on the app.
  9. Confirm information.

Related: Best Virtual Pay Cards in the Philippines

2. UnionBank Online

UnionBank, owned mostly by conglomerate giant Aboitiz, has received numerous awards for pioneering and innovating online banking in the Philippines.

In recent years, UnionBank won the best digital bank distinction multiple times from different award-giving bodies.

Its innovative banking solutions include EON, a fully digital banking service (the first of its kind in Southeast Asia) that introduced selfie banking through facial recognition technology for account opening, accessing one’s online account, and loan application. 

Also worth noting is UnionBank’s Rafa chatbot, the first of its kind in the Philippines, that responds to questions and fulfills requests from clients. 

In late 2017, UnionBank opened the Philippines’ first fully digital bank branch called The Ark that enables customers to perform bank transactions using touchscreen TVs or tablets. The digital branch eliminates long lines and face-to-face interactions with tellers.

According to UnionBank, 80% of all its customers’ transactions are done through its online banking channels.

UnionBank Online’s Key Features:

  • Interest rate: 0.10%
  • Minimum initial deposit: Php 10,000 for Regular Savings Account and $500/$10,000 for Dollar Accounts (except for UnionBank Personal Savings Account, which has no required initial deposit)
  • Minimum maintaining balance: Php 10,000 for Regular Savings Account and $500/$10,000 for Dollar Accounts (except for UnionBank Personal Savings Account, which has no required maintaining balance)
  • OTP for bills payment and fund transfer transactions
  • Fingerprint login
  • Check account balance
  • Fund transfer to all major local banks
  • Bills payment
  • Prepaid loading

How to Open a UnionBank Account:

  1. Go to the nearest or preferred UnionBank branch.
  2. Present at least two valid IDs.
  3. Complete all application forms.
  4. Pay the initial deposit, if any.
  5. Claim the ATM card or passbook after five banking days.

3. BPI Online and BPI Mobile

Bank of the Philippine Islands (BPI) is the first bank in the Philippines and Southeast Asia. It’s also currently the fourth largest bank in the country in terms of total assets. 

Despite being prone to email phishing in the past and the system glitch in 2017 that affected millions of customers, BPI’s online and mobile banking channels are still among the most popular in the Philippines.

BPI Mobile ranks third among financial apps (and the top one among mobile banking apps) with the most active users and number of installs on Android devices, based on SimilarWeb data as of July 2019.

BPI recently redesigned its online banking site and mobile app, beefing them up with new and unique features such as QR code and e-wallet loading. 

BPI Online/Mobile’s Key Features:

  • Interest rate: 0.125% – 1.25% (0.25% for most accounts)
  • Minimum initial deposit: Php 100 – Php 250,000 (except for BPI Padala Moneyger, which has no required initial deposit)
  • Minimum maintaining balance: Php 1,000 – Php 250,000 (except for BPI Padala Moneyger and Kaya Savings, which have no required maintaining balance)
  • OTP for logging into an account with a new device and completing transactions
  • Fingerprint and face recognition for logging in to BPI Mobile app
  • View account details and electronic statements
  • Manage card control settings
  • Bills payment
  • Fund transfer to own BPI account, other BPI accounts, and accounts with other banks
  • Create a QR Code for receiving money (instead of giving account number to the sender)
  • Transfer via QR Code for sending money (instead of entering the recipient’s account number)
  • Prepaid cellphone loading
  • Reloading e-wallets such as beep card, GCash, PayMaya, Smart Padala, Autosweep RFID, and Easytrip

How to Open a BPI Account:

  1. Visit the nearest BPI or BPI Family Savings Bank branch.
  2. Present a valid ID, proof of billing, and 1×1 ID photo.
  3. Fill out application forms. 
  4. Pay the initial deposit, if any. The new account will be activated within 48 hours.
  5. Claim the ATM/debit card after seven banking days.

4. BDO Online Banking and BDO Personal Banking App

Banco de Oro (BDO) is the Philippines’ largest bank and the first one to hit the Php 3 trillion mark in total assets.

This full-service universal bank is part of the SM Group, one of the biggest and most successful conglomerates in the Philippines. 

BDO’s mobile app ranks second among mobile banking apps with the highest number of installs and active Android users in the Philippines. 

BDO Online Banking’s Key Features:

  • Interest rate: 0% to 1.25% (0.25% for most accounts)
  • Minimum initial deposit: Php 100 – Php 50,000
  • Minimum maintaining balance: Php 100 – Php 50,000
  • OTP for accessing account and completing transactions
  • Quick Links for better site navigation
  • Check account balance and transaction history
  • Fund transfer to own account, another person’s account, and non-BDO accounts
  • Bills payment with an option to pay bills all at once
  • Prepaid cellphone loading
  • Reloading BDO Cash Cards
  • Lock or unlock ATM card

How to Open a BDO Account:

  1. Visit the nearest BDO branch.
  2. Present two valid IDs.
  3. Fill out application forms. 
  4. Have photo taken via webcam.
  5. Pay the initial deposit.
  6. Claim the ATM card and/or passbook after seven banking days.

5. LANDBANK Mobile Banking Application

Land Bank of the Philippines or LANDBANK is the Philippine government’s financial institution and the largest formal lender in the provinces.

It’s also one of the top five commercial banks in the country in terms of assets, deposits, and loans.

The state-run bank has an online banking channel and a mobile banking app, which has a high average rating of 4.2 on Google Play Store and a passing rating of 3.3 on App Store.

The LANDBANK app also ranks third among Philippine mobile banking apps with the highest number of active users and installs on Android devices.

Land Bank Mobile Banking’s Key Features:

  • Interest rate: 0.10%
  • Minimum initial deposit: Php 500 – Php 20,000
  • Minimum maintaining balance: Php 500 – Php 20,000
  • View account balance and transaction history
  • Fund transfer to own account, another person’s LANDBANK account, and other bank accounts
  • Bills payment
  • Lock or unlock ATM Card
  • OTP for authorizing fund transfer to LANDBANK accounts and other bank accounts
  • Biometric login through fingerprint authentication or facial recognition
  • View foreign exchange rates and unit investment trust fund (UITF) rates
  • ATM/Branch locator

How to Open a LANDBANK Account:

  1. Visit the nearest LANDBANK branch.
  2. Submit at least one valid ID, two 1×1 ID pictures, and proof of billing
  3. Fill out application forms.
  4. Pay the initial deposit.
  5. Claim the ATM card. Passbook can be claimed on the release date given by the account officer.

6. Metrobank Mobile Banking

Metrobank, the second largest bank in the Philippines, provides full-range banking services.

The Ty family—with business interests in financial services, power, real estate, and manufacturing—owns the majority of Metrobank.

Metrobank has an online banking facility, Metrobankdirect, as well as a mobile banking app that currently has high average ratings on Google Play Store (4.0) and App Store (3.8).

Metrobank Mobile Banking’s Key Features:

  • Interest rate: 0.25%
  • Minimum initial deposit: Php 100 – Php 50,000
  • Minimum maintaining balance: Php 100 – Php 50,000
  • OTP for every new device used and certain transactions
  • Check account balance and details
  • Fund transfer
  • Send and receive money using mobile numbers (no need to enter account numbers)
  • Bills payment
  • Prepaid loading
  • View forex rates and financial and stock market news
  • Car and home loan application form and online calculator
  • Branch locator

How to Open a Metrobank Account:

  1. Fill out and print the customer information form that can be downloaded from the Metrobank website.
  2. Visit the nearest Metrobank branch.
  3. Submit the accomplished form.
  4. Pay the initial deposit.
  5. Present a valid ID. 
  6. Claim the ATM card within a week or the passbook right away.

7. Security Bank Online

Security Bank was the first private and Filipino-controlled bank during the post-World War II era. Now, it’s one of the largest and most innovative universal banks in the Philippines.

For its banking innovations, Security Bank bagged the Best Digital Bank award from Capital Finance International in 2017.

Two of its best services are the Human Switch Kit and Online Account Application that make account opening faster and more convenient.

Security Bank is also one of the few traditional banks in the Philippines that offer an online-only savings account.

Its eSecure Online Savings Account has an annual interest rate of 0.50% to 1.20% and low maintaining balance of Php 500.

Security Bank Online’s Key Features:

  • Interest rate: 0.10% – 1.20%
  • Minimum initial deposit: Php 100 – Php 10,000 / $500 for dollar and third-currency accounts
  • Minimum maintaining balance: Php 500 – Php 25,000 / $500 for dollar and third-currency accounts
  • Quick login through fingerprint authentication
  • eGiveCash for sending money through SMS
  • Fund transfer
  • Bills payment
  • Prepaid loading
  • Lock or unlock ATM and PIN
  • UITF subscription and redemption
  • Forex transactions
  • Locate ATMs and branches

How to Open a Regular Security Bank Account:

Via Online Account Opening Service

  1. Fill out an online account opening form on the Security Bank website.
  2. Check the reference number sent via SMS.
  3. Go to the nearest Security Bank branch.
  4. Pay the initial deposit.

Via Human Switch Kit 

  1. Complete the Switch Kit form on the Security Bank website.
  2. Wait for a message or call for an appointment schedule with a bank representative.
  3. Prepare a photocopy of any valid ID.
  4. Meet with the Security Bank representative who will assist in account opening. 
  5. Turn over the photocopy of ID for submission to the bank.
  6. Wait for the representative to deliver the ATM card and/or passbook. 

How to Open a Security Bank eSecure Savings Account:

  1. Log in to Security Bank Online account.
  2. Select eSecure Savings.
  3. Click open eSS account.
  4. Complete and submit the online form.

8. OCTO by CIMB Bank

CIMB Bank is a Malaysian lender with more than 1,000 branches in Southeast Asia. It started its operations in the Philippines in January 2019 and positions itself as an all-digital mobile-first bank.

Like the ING app, the OCTO by CIMB Bank app allows customers to perform banking transactions on their smartphones.

Cash deposits can be done online, while withdrawals are possible through 20,000+ ATMs and 8,000+ partner outlets such as 7-Eleven stores nationwide. 

OCTO’s Key Features:

  • Interest rate: 0.50% to 2.50% (Two to 10 times higher than typical rates of traditional savings accounts)
  • No minimum deposit amount and no required maintaining balance
  • No lock-in period and no service fees
  • Complete account opening via the OCTO by CIMB Bank app
  • Selfie Check for identity verification through facial recognition 
  • Fund transfer
  • Bills payment
  • Over-the-counter or online deposit
  • Personal loan application
  • Prepaid loading

How to Open a CIMB Bank Account:

  1. Download the OCTO by CIMB Bank app on App Store or Google Play Store.
  2. Open the app.
  3. Choose a digital savings account (Fast Account/Upsave Account).
  4. Fill out the Sign Up form.
  5. Enter the OTP sent via SMS.
  6. Create a password for the online account. 
  7. Provide the required additional details.
  8. Upload a photo of any valid ID.
  9. Create a digital signature.
  10. Go through the Virtual Verification process via a video call with an agent.
  11. Receive the account details on the app.
  12. Check email and click on the verification link to confirm email address.

You can also check out Peso Hack’s comprehensive review of CIMB’s features.

9. GCash Save Money (GSave)

GSave is a digital savings account that is accessible via the popular GCash app. Globe Philippines partnered with CIMB Bank for this project.

Since GCash already has a significant user base, they’re looking to capitalize on it and help fill in the gap between banked and unbanked Pinoys. 

Key Features:

  • Interest Rate: 3% introductory rate until Dec 2019
  • NO Minimum Initial Deposit
  • NO Minimum maintaining balance
  • Easy viewing and access to account balance and transaction history via the GCash app
  • Easy transfer of money between GCash and GSave
  • Easy sign-up via the GCash app (requires full verification as GCash user)
  • Maximum deposit amount of Php100,000

According to CIMB Bank’s website (as of August 2019), they will be rolling out the following features in the future:

  • Ability to access to view and maintain your GSave account through the OCTO app (CIMB Bank’s own mobile app)
  • Ability to deposit and withdraw through any of the 8,000+ CIMB Partner locations nationwide.
  • Ability to make online transfers between CIMB accounts.

How to Open a GSave Account:

  1. Install the GCash app on your smartphone
  2. Have your credentials fully verified (submit all the necessary requirements)
  3. Once done, tap the “Save Money” icon within the GCash app
  4. Register to open a GSave account
  5. Start depositing funds from your GCash balance

Related: GCash Mastercard (and other reloadable prepaid cards in the Philipines)

10. MayBank ISave (accessible via MayBank2U app)

ISave is MayBank’s online-only savings account that customers can set up and use via the MayBank2U PH app. 

Key Features:

  • No initial deposit
  • No maintaining balance
  • Earns interest of 0.25% p.a. at an average daily balance of at least PHP 20,000
  • Free withdrawals in any ATM in the Philippines
  • Free withdrawals in any Maybank ATM in Malaysia, Singapore, and Cambodia
  • Maximum deposit amount of Php100,000

How to Open a MayBank ISave Account

  1. Install the MayBank2U PH app on your smartphone
  2. Open the Maybank2U PH App
  3. Click “Get Started” and click “Open iSave icon”.
  4. Fill up the required basic information, and select your preferred Maybank branch.
  5. Review your application details and agree on Terms and Conditions.
  6. Take a photo of any of the required valid IDs together with a specimen signature on a piece of paper, and take a selfie.
  7. Click Submit documents. 

You can make deposits into your ISave account via the following methods:

  • Over the counter through MayBank branches
  • Interbank transfer
  • GCash bank transfer
  • Deposit outlets like 7-11, USSC, Tambunting Pawnshop, RD Pawnshop, and others.

11. Diskartech

Powered by Rizal Commercial Banking Association (RCBC), this app enables you to open a savings account, deposit and withdraw money through partner channels, and purchase load for your phones, among other basic features. 

Diskartech’s Key Features:

  • Taglish, making it easier to understand
  • No required maintaining balance
  • You can deposit via partners that include 7-Eleven, Bayan Center, RD Pawnshop, Tambunting, among others. Minimum deposit is P200, while the maximum is P25,000 per transaction.  
  • Lets you earn up to 3.25% annual interest rate (higher than most banks)
  • Insured by PDIC
  • You can use Diskartech to pay your bills. There are currently 42 billers on their list, which include Bayantel, BPI, Dragonpay, Manila Water Company, Maynilad, Pag-ibig Fund (HDMF), PLDT, and Smart, among others. 
  • Allows you to purchase insurance plans within the app. Plans start as low as P45 for a 12-month coverage. 
  • You can earn money by referring people to signup with Diskartech. They currently offer P30 for every successfully verified account that used your referral code. 

How to Open a Diskartech Account:

  1. Once you’ve downloaded the app, you’ll be asked to create a username and password. 
  2. When you enter your mobile number, you’ll receive a One-Time Pin (OTP). 
  3. You’ll then be asked to verify your account. To do this, enter your personal information. 
  4. You’ll be asked to take a selfie and a photo of your valid ID.
  5. After a few minutes, your account will be verified. 

12. Komo by EastWest

This digital banking service is powered by EastWest Bank. It provides you with a VISA debit card that you can use for withdrawals, bill payments, and free fund transfers through the Komo mobile app. 

Komo’s Key Features:

  • Offers an annual interest rate of 3% 
  • Insured by PDIC
  • You can make deposits to your Komo account by transferring funds from your other bank accounts. When doing this, choose EastWest Rural Bank as the recipient. 
  • You can make transfers to any member of the InstaPay network – a long list that includes all of the most established and popular banks. 
  • You can transfer up to P50,000 per transaction, per beneficiary, per day. Meanwhile, there is a P200,000 limit per beneficiary, per day. 
  • Komo also has a long list of billers you can pay through the app – covering everything from utilities, loans, real estate, credit cards, insurance, schools, transpo (Cebu Pac and Easytrip), among others. 

How to Open a Komo Account:

  1. When you tap on “Create an Account,” you’ll need to enter your email and mobile number. Once you agree to the terms and conditions, you’ll receive an OTP. 
  2. Enter the additional information. 
  3. To verify your account, you’ll need to take a selfie and a photo of your government ID. 
  4. Once the information is verified (usually takes a few minutes), you’ll need to confirm the name that will appear on the VISA card, as well as the delivery address.  

13. Overseas Filipino Bank

A fully-owned subsidiary of Land Bank, OFBank is a digital-only bank that allows its clients to transact anywhere across the globe. As you might’ve surmised, it’s targeted for OFWs and their families back home. 

OFBank’s Key Features:

  • Transfer funds via the app. Simply select “Transfer to Anyone” and enter the account number. 
  • You can make a deposit to your OFBank account from any Philippine Bank, GCash, Paymaya, or Instapay partner. 
  • You can remit to an OFBank account through partner remittance centers across the globe. 
  • Being a state-run service, you can pay a long list of partner billers using the app. 
  • For more information, click here.

How to Open an Overseas Filipino Bank Account:

  1. Simply download the OFBank Mobile Banking App in Google Play or the App Store and follow the steps. 
  2. Once you’ve entered all the required information, you’ll receive a confirmation email.  
  3. For more info, click here

14. Tonik

The Singapore-based digital bank targets the country’s significant unbanked population (70%). This 100% digital platform promises fast, easy, and secure transactions that cover retail financial products, deposits, loans, current accounts, and payments. 

Having just been issued a license by the BSP, their target launch is in Q1 of 2021.

Tonik’s Key Features:

  • Insured by PDIC.
  • Promises annual interest rates of up to 2%, while time deposits can earn up to 5%.
  • Customizable app according to user preference, with an option to switch off the account for “financial discipline.”

Boasts having the “Rolls Royce of Security.”

15. RBank Digital 

Powered by Robinsons Bank, RBank Digital provides you with all the conveniences of online banking, enabling you to transact and transfer funds right from your phone. 

Key features:

  • As with all the other platforms on this list, with RBank Digital, you can easily track your finances (account history and transactions) via the app. 
  • Transfer funds from your Robinsons Bank account to other domestic bank accounts. 
  • Conveniently pay any of their list of billers.
  • Find the nearest Robinsons Bank or ATM through the app’s Branch & ATM locator feature.
  • Security – transactions generate a One-Time Password, adding another layer of security. You can also instantly block your lost or stolen Robinsons Bank Visa Debit Card. 
  • The QuickR Way to Pay lets you transfer funds of pay participating merchants via QR code.   

How to open an account:

  • Visit https://personalonlinebanking.robinsonsbank.com.ph/ and register for an account.
  • Choose how you want to activate your online banking (via your ATM or debit card number, or by visiting a Robinsons Bank branch).
  • If you have an ATM or debit card, you will simply input the card number and your personal details. 

For an even easier reference on how to enroll for an account, click here.

About Venus Zoleta

Venus Zoleta is an experienced writer and editor, specializing in personal finance and digital marketing. Hoping to retire early, she started investing and bought a home in her early 20s. This crazy cat mom eats ramen like there's no tomorrow. Stalk her on LinkedIn.

Reader Interactions


  1. says

    Also, since digital-only banks don’t have physical branches, their cost structure is fundamentally different, Mittal adds. This often means they can offer higher interest rates, lower fees, cashbacks and other rewards and often place a greater emphasis on mobile and online banking. How the Philippines digital banks get these factors together will determine their success.

  2. Diane says

    Why is Metrobank added on this list when their service is absolute BS. Their mobile banking is inaccessible, even their physical bank is inaccessible. Their guards wouldn’t let me in just because of a stupid pen. They mandate that their customers bring their own pen using the pandemic as an excuse even when they have many pens in sight. I walked away in anger and opted to close my account and switch banks because of their disappointing service. Many of my friends also closed their metrobank accounts because of their terrible service.

  3. Patricia says

    Hi! You may want to check on Robinsons Bank. They have an app that allows you to open an account without going to the branch. They also have their mobile banking app that can help you monitor not just your funds but your credit card transaction, loans, and time deposit.

  4. says

    It is difficult to list the “best” without defining what that means for each person.
    I’m biased, but so are you. I prefer BDO’s Online Account Transfer as their mobile app has a phone call feature which helps to answer any of my concerns or questions in real time.

Leave a Reply

Your email address will not be published. Required fields are marked *