Discussions about Digital Banking should be posted here. Any tips and tricks that can be shared are helpful. Any off-topic post should be deleted immediately.
Digital Banks currently available in the Philippines and their interest rates:
ING @ 2.5% p.a. | 4% p.a. (promotional interest)
CIMB Bank @ 0.75% p.a. (Fast/Fast Plus) | 2.5% p.a. (UpSave) 4/5% p.a. (promotional interest) | 2.6% p.a. (GSave/Gsave Plus) 4/5% p.a. (promotional interest)
Tonik Bank @ 1% p.a. (Regular) | 4% p.a. (Stash) | 4.5% (Group Stash) | 6% p.a. (Time Deposit)
KOMO by East West Rural Bank @ 2.5% p.a.
DiskarTech by RCBC @ 3.2% p.a.
GoTyme by JG Summit and Tyme Bank Soon operational.
-- edited by roland923 on Aug 28 2021, 03:24 PM
Forum Topic
Digital Banks 101
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CIMB Bank @ 0.75% p.a. (Fast/Fast Plus) | 2.6% p.a. (UpSave) 4/5% p.a. (promotional interest) | 2.5% p.a. (GSave/Gsave Plus) 4/5% p.a. (promotional interest)
Baliktad yung UpSave and Gsave
I've tried ING and CIMB. Okay naman sila both. Sa CIMB wala pang Instapay and Bank Statement. -
ING may bank statement and cert. OK naman so far dun naka park ibang emergency funds ko
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Baliktad yung UpSave and Gsave
Corrected. Thanks! -
I tried mag deposit ng malaking amount sa CIMB. Pero mga after a month, inalis ko rin.
My concern is: paano pag mawala ko SIM / Cellphone ko. I really have no idea how to get my money back.
Hopefully with the advent of "National ID" baka mas maging kampante na ako. -
^
I haven't experienced changing mobile numbers on CIMB or in other Digital Banks yet but my technique for me not to lose it is to assign another number and phone for my banks and I have a separate number and phone for my contacts. What makes it difficult for me is during situations that I need to transfer money which needs OTP basically so I still bring my phone for banks but I keep it a lot in my bag. -
Cimb user here because of link to gsave kaya madali saken pero will try ing din
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Anyone tried cimb personal loan 0% interest for 12 months?
Sulit ba ang 8% process fee + 1.50 per 200 loan docstamp tax?
So kung 100,000 ang gusto mo i-loan, ang total fees ay 8,750. Ibig sabihin ba nun 91,250 / 12 = 7604.166 ang monthly payment mo or 100k/12=8,333.33 pa rin? -
was able to get a savings bank account with Union Bank just via online with their app. hth
imho, it is much stable than the bdo app. -
nvm, did some computations from estimates of local bank loan calculators.
-- edited by minamalas on Jan 17 2022, 09:18 PM -
So kung 100,000 ang gusto mo i-loan, ang total fees ay 8,750. Ibig sabihin ba nun 91,250 / 12 = 7604.166 ang monthly payment mo or 100k/12=8,333.33 pa rin?
@minamalas
I also received the same offer from CIMB via text. pabulong naman ng actual payables monthly in case you applied for it. thanks.
versus their Personal Loan (100k for 12 months) I think mas ok sya compared sa 0% offer...as long as ma-avail mo yung 30% rebate promo ni Personal Loan. -
Kumuha rin ako nyang cimb 0% loan. siya ang best na 12 month loan. Next na okay yung sa mga credit card low interest rates.
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@songerph
I'm also considering the 0% loan offer ni CIMB. I'm planning to use it for my solar setup. how much yung monthly installment mo?
Nag activate din ako ng Revi Credit with 30k credit limit. Before their offer is at 2.5% monthly interest then last April nag offer sila ng 2% interest kaya pinatos ko na since wala naman charge if hindi gagamitin. -
Same dun sa post ni minamalas na 0%. Sa app lalabas naman ang computation bago mo i-proceed. May issue lang yung CIMB ngayon. Mukhang fail ang upgrade nila hahaha
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ahaha! sobrang epic fail yung transition sa new app. after a few attempts for the last 2 days finally nakapaglogin na ko kagabi (after midnight) and working na din yung biometrics sa wakas
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Update ko lang nasa itaas.
Licensed by BSP:
ING @ 2.5% p.a.
CIMB @ 0.75% p.a. (Fast/Fast Plus) | 2.5% p.a. (UpSave) | 2.6% p.a. (GSave/Gsave Plus on GCash)
Tonik @ 1% p.a. (Regular) | 4% p.a. (Stash) | 4.5% (Group Stash) | 6% p.a. (Time Deposit 6 months)
Komo by EastWest @ 2.5% p.a.
DiskarTech by RCBC @ 3.25% p.a.
Maya Bank By Voyager/PLDT @ 6% p.a. until August 31, 2022
Soon:
GoTyme by JG Summit/Gokongwei
UNOBank by DigibankAsia
Others/Branchless:
Eon by UnionBank - no p.a.?
OFBank by Overseas Filipino Bank -
I haven't experienced changing mobile numbers on CIMB or in other Digital Banks yet but my technique for me not to lose it is to assign another number and phone for my banks and I have a separate number and phone for my contacts. What makes it difficult for me is during situations that I need to transfer money which needs OTP basically so I still bring my phone for banks but I keep it a lot in my bag.
Natry ko na magpalit ng number sa CIMB. Tumawag ako sa Customer Service and pinagawa ako ng new account then transfer everything. If okay na, request ng deletion ng unang account.
Marami pa lang validation dito.
-- edited by minamalas on Jun 09 2022, 07:01 PM -
ING to leave Philippine retail banking market before the end of 2022
<click here for link>
andito pa naman EF ko. experience with them are great. app is very good and ok naman customer service.
any experience with other digital banks? ayoko ng tonik nakokornihan ako sa luv-chaka. ayoko din ng maya, bad experience with them na compromise yung account ko, someone used it and the customer service replied months after. buti kulang balance ko nun pero i lost trust in them. -
i'll probably move from ING to DiskarTech by RCBC.
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Licensed by BSP:
CIMB @ 0.75% p.a. (Fast/Fast Plus) | 2.5% p.a. (UpSave) | 2.6% p.a. (GSave/Gsave Plus on GCash)
Tonik @ 1% p.a. (Regular) | 4% p.a. (Stash) | 4.5% (Group Stash) | 6% p.a. (Time Deposit 6 months)
Komo by EastWest @ 2.5% p.a.
DiskarTech by RCBC @ 3.25% p.a. (Maximum of 48k lang ang deposit na may interest. corny)
Maya Bank By Voyager/PLDT @ 6% p.a. until August 31, 2022
Seabank Philippines (formerly Banco Laguna Inc. (A Rural Bank Since 1965)) @ 6% p.a. until September 30, 2022
GoTyme by JG Summit/Gokongwei @ early access
Netbank Mobile (formerly Community Rural Bank of Romblon, Inc.) @ 7% p.a.
Soon:
UNOBank by DigibankAsia
Others/Branchless:
Eon by UnionBank - no p.a.?
OFBank by Overseas Filipino Bank
Seabank pala is part of Sea Limited (SeaMoney, Shopee, Garena).
-- edited by songerph on Jun 24 2022, 06:38 AM
-- edited by songerph on Aug 11 2022, 01:45 AM -
up and running na uli ang ING. will transfer money to MAYA next week.
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so I applied for CIMB's 0% Fix Term Loan Promo (100k for 12 months) last June 14 since I received a text and email from them last May. ang tagal na walang progress then kahapon I received a notification that my application got approved. upon opening the app, they offered only 30k for 60 months. around 1,100 monthly! . WTF! declined ko kaagad. kamote! lakas maka bad trip!
-- edited by batanghamog on Jun 26 2022, 03:38 AM -
Baka iba yung naclick mo. Kasi yang promo 12 months fixed. hehe
Or nagkamali sila.
Or baka na-random ka lang. Normally credit rating and pera sa account ang tinitingnan. Minsan depende sa mood ng approver hehe. Nung inapply ko yan, 2 days lang approved nako for 100k. -
Yung seed money ko para sa baby ko asa CIMB. Should I move it elsewhere? Hindi naman siguro sila sisibat na lang basta basta no? May gcash partnership pa sila.
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Ok naman CIMB it's been there for quite a while. Max deposit ko was 10k then reduced it to 5k this year. Since maganda integration nito with GCash thru GSave feature, I just use CIMB as "storage" rather than leaving my funds in GCash wherein madami nascam sa GCash. Bad thing with CIMB is its frequent downtime most specially nun major system upgrade nila when almost a week or 2 naging intermittent sila. It rendered its services inaccessible via app and atm causing a lot of inconveniences with their customers. Until today there have been a few hiccups here and there. So on my part, I just take both CIMBs good and bad for my purpose. That is ill continue to use their services but not to the point of putting much funds that it can cause me stress.
-- edited by musicgeek on Jun 26 2022, 11:29 PM -
may fear na ako sa cimb malimit mag maintenace mode sila minsan hindi na pasok ang deposit sa 711, siguro babaan ko deposit ko sa kanila nagkataon nag pagawa din me ng bahay kaya lagas ang savings ko sa cimb.
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Yan nga diko magets sa mga local banks.
Kada major app upgrade, kelangan new APK? Nakakalito. Hind ba pwedeng overwrite na lang nila yung current app sa appstore/playstore tapos auto update? No idea kasi ako sa technical side niyan dahil di ako programmer. Pero as an average consumer, nakakalito din.
BDO kasi pag nagsearch ka ang dami din sa app store, alala ko pati BPI eh. -
Kada major app upgrade, kelangan new APK? Nakakalito. Hind ba pwedeng overwrite na lang nila yung current app sa appstore/playstore tapos auto update?
Ganun naman talaga even now.. you just set your device to auto update to do its thing. CIMB just introduced a new apk lang siguro to support its new system since its a major upgrade . Most likely even their backend has been migrated to a new server / database. -
i mean, yung mag install ka nung bagong app tapos ikaw magdedelete nung lumang app nila. unlike other apps na pag may bago, auto update yung luma mo app to the new one. dagdag complexity kasi.
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^yes. nag introduce lang si CIMB ng new apk to highlight its system upgrade siguro. Pretty much useless since the old one was decommissioned anyway so the old apk would have been just updated para seamless kay end-user. Unless siguro they have planned to use that as rollback scenario when their system upgrade has failed then they revert to their old system / advise their clients to use the old app. Usually ginagawa lang yan entirely new apk if there's a need for it to coexist with the old apk for sometime like yung Globe One has a old and new app that can be used simultaneously.
-- edited by musicgeek on Jun 27 2022, 12:07 AM