Philippines
activeNeobank
- HQ
- Pasig
- Fee
- Free wallet
Tonik
BSP digital bank. PDIC ₱1 million on its own footer. Pasig City. Not GCash.
Legal entity: Tonik Digital Bank, Inc.
Rate this app
7.2Solid
AlternativesFive questions
At a glance
Is it a bank?
Yes — Digital bank — Tonik Digital Bank, Inc. (Bangko Sentral ng Pilipinas). Still read the entity on the statement.
If it fails?
Footer: Deposits are insured by PDIC up to ₱1 Million per depositor. Tonik Digital Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas (bsp.gov.ph). The Philippines country file elsewhere still quotes an older ₱500,000 headline — Tonik’s own page prints ₱1 million. Confirm the live PDIC cap on pdic.gov.ph. GCash is an e-money issuer. Maya Bank is a different digital-bank file.
Salary?
A BSP digital-bank peso account can take a Philippine salary. Confirm the account number Tonik issues.
Open from abroad?
Philippine KYC. Not a tourist PHP mill.
Monthly fee
Confirm live charges and limits page
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
7.2
/10 · Solid
Tonik Digital Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas. Footer address: Unit 605B, 6/F West Wing, The Offices at Estancia, 1605 Meralco Ave, Pasig City. Deposits insured by PDIC up to ₱1 million per depositor — their words. Maya has a digital-bank licence in the same market; the Maya consumer app is a different mix of wallet and bank. GCash is EMI. UNO is the other name people search. Eligible peso deposits at Tonik follow PDIC at the printed cap; confirm live on pdic.gov.ph because the scheme has moved. A stash is a deposit if it is a bank deposit. A loan is not.
What it is
Pink BSP digital bank in Pasig. Directories still dump it next to GCash. The PDIC line will not.
Best for: Philippine residents who want a BSP digital bank with PDIC, not a GCash wallet.
Last checked 2026-09-03. Not advice.
What it does well
- +Named BSP digital bank
- +PDIC ₱1 million printed
- +Pasig address published
- +Stashes + time deposit + debit
What to watch
- −Philippines-resident
- −Loans SKU is credit, not PDIC
- −Younger than the universal banks
- −Not a USD salary rail
Legal entity, not the app icon
Who is behind it
- Legal name
- Tonik Digital Bank, Inc.
- Offices
- Unit 605B, 6/F West Wing, The Offices at Estancia, 1605 Meralco Ave, Pasig City, Philippines
The product, not the brand colour
The account
- Platforms
- iOS · Android
- Account types
- Tonik Account · Stashes · Time deposit · Loans
- Partner bank
- Tonik Digital Bank, Inc.
- Availability
- Philippines
- Remote open
- Philippine KYC. Not a tourist PHP mill.
- Onboarding
- Tonik app. Philippine identity as asked.
- KYC documents
- Philippine government ID as the app asks.
- Salary / payroll
- A BSP digital-bank peso account can take a Philippine salary. Confirm the account number Tonik issues.
- Local rails
- InstaPay / PESONet on the bank account
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- visa · physical · virtual · Google Pay
Licence first
Safety
Footer: Deposits are insured by PDIC up to ₱1 Million per depositor. Tonik Digital Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas (bsp.gov.ph). The Philippines country file elsewhere still quotes an older ₱500,000 headline — Tonik’s own page prints ₱1 million. Confirm the live PDIC cap on pdic.gov.ph. GCash is an e-money issuer. Maya Bank is a different digital-bank file.
Holder / issuer: Tonik Digital Bank, Inc.
- Bangko Sentral ng PilipinasDigital bank — Tonik Digital Bank, Inc. · Philippines
Fees
- Monthly
- Confirm live charges and limits page
- FX markup
- Not a multi-currency travel bank
- ATM
- Confirm live
- Interest
- Stashes / time deposit rates marketed live — confirm in-app
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- –Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- BSP digital bank
- PDIC ₱1m on the footer
- Tonik Account / Stashes / Time Deposit
- Debit cards
- Loans SKU
Before you tap Sign up
How to open
Step 1
Name the company
Tonik Digital Bank, Inc. BSP digital bank. PDIC ₱1m on their footer.
Step 2
Philippine KYC
Tonik app. Government ID.
Step 3
Do not confuse with GCash
GCash is e-money. This is a bank deposit.
Official help: tonikbank.com/
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 8.2
- Fees20%
- 8.0
- Features15%
- 7.6
- App15%
- 8.2
- Global15%
- 3.0
- Support10%
- 7.0
Change log
Full logSafety
Tonik Digital Bank, Inc. — PDIC ₱1 million on the footer
BSP digital bank. Pasig City. GCash is EMI. Confirm the live PDIC cap on pdic.gov.ph.
Available in
Straight answers
FAQ
01Is Tonik a bank?
Tonik holds a banking-style licence (Bangko Sentral ng Pilipinas). Still read the legal entity on the statement, not the app icon.
02How is money protected?
Footer: Deposits are insured by PDIC up to ₱1 Million per depositor. Tonik Digital Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas (bsp.gov.ph). The Philippines country file elsewhere still quotes an older ₱500,000 headline — Tonik’s own page prints ₱1 million. Confirm the live PDIC cap on pdic.gov.ph. GCash is an e-money issuer. Maya Bank is a different digital-bank file.
03Where is Tonik available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Tonik.
04Card and wallets?
visa · physical · virtual · Google Pay
05Can I open Tonik remotely?
Philippine KYC. Not a tourist PHP mill.
06What is the legal name behind Tonik?
Tonik Digital Bank, Inc.. Read the entity on the statement, not the app icon.
07Can I receive salary on Tonik?
A BSP digital-bank peso account can take a Philippine salary. Confirm the account number Tonik issues.
08What documents does Tonik ask for?
Philippine government ID as the app asks.
09Is Tonik PDIC-insured?
Official footer: deposits are insured by PDIC up to ₱1 million per depositor. Confirm the live scheme cap on pdic.gov.ph.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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