NeoBankDB

PH · PHP

Philippines digital banks

UNO Digital Bank is a BSP digital bank with PDIC cover at UNObank, Inc. Maya Bank is a digital bank. GCash is not — G-Xchange, Inc. is a BSP e-money issuer, and the wallet is not a deposit. This page splits those licences so an “uno bank” or “digital banks Philippines” search lands on the right file, not on a wallet.

10Live on NeoBankDB

Regulator

Bangko Sentral ng Pilipinas (BSP)

Deposit scheme

PDIC covers eligible deposits at member banks up to ₱1 million per depositor.

In this market

Licence still sits on the product
ProductScoreHQMonthlyFXUsersLicence
Wise8.6London, United KingdomFree personalMid-market plus a transparent conversion fee — the category benchmark16M+EMI (personal)
Trust Wallet7.6Global, United StatesFreeSwap aggregator200M+See review
Binance7.6Global / remote, United Arab EmiratesVIP fee tiersSpot/futures fees; tight on liquid pairs200M+VASP / exchange licences by country
RedotPay7.5Hong Kong, Hong KongFree virtualStablecoin to fiat conversion + scheme FX2M+Card programme + VASP stack
Bybit7.3Dubai, United Arab EmiratesDerivatives fee scheduleTrading fees50M+VASP by market
UNO Digital Bank7.2Taguig, PhilippinesNo monthly fee on #UNOready2.50% on international card spendDigital bankDigital bank
Maya7.2Pasig, PhilippinesFree walletOn overseas card spend50M+Digital bank + EMI heritage
Tonik7.2Pasig, PhilippinesConfirm live charges and limits pageNot a multi-currency travel bankPhilippines digital bankDigital bank — Tonik Digital Bank, Inc.
GCash6.9Taguig, PhilippinesNo monthly fee on the wallet. Cash-in, cash-out and some transfers have fees.PHP wallet. Overseas products are separate.~94M have used GCashElectronic money issuer
Komo6.6Taguig, Philippines₱0 core pitch — confirm liveNot a travel bankEastWest digitalDigital brand of East West Rural Bank, Inc. (EastWest group). PDIC member

Questions

01

Is GCash a bank?

No. GCash is a BSP e-money wallet run by G-Xchange, Inc. PDIC does not cover the wallet. Open GSave at a partner bank if you want bank insurance, or open UNO Digital Bank for a PDIC deposit at UNObank, Inc.

02

Is UNO Digital Bank a real bank?

Yes. UNObank, Inc. holds a BSP digital-bank licence. Eligible deposits are PDIC-insured up to ₱1 million per depositor. Resident Philippine citizens, 18+, with a local mobile number.

03

What is PDIC cover in the Philippines?

PDIC insures eligible deposits at member banks up to ₱1 million per depositor. That is a bank product. E-money wallets such as GCash are not PDIC products unless you open a named partner-bank savings pocket.

Other markets

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Cross-check the scoring weights and the graveyard before you treat a leftover landing page as live.