Tonik Digital BankTonik Digital Bank

Philippines 数字银行 Fully online Permit holders ★ 4.2
Minimum depositNo minimum opening deposit
Monthly feeZero maintenance fee
Minimum balanceNo minimum balance (some time deposits have their own minimums)
How to applyFully online (eKYC in the Tonik app with a Philippine number and government ID)
Processing timeOnline ~10-20 min; review usually same day to 3 business days
Institution typeDigital Bank
Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

The Philippines’ first standalone digital bank (licensed by the BSP in 2021), known for high-yield savings and Group Stash sub-accounts, with fully in-app onboarding — a flagship of Philippine digital banking.

Advantages

  • The Philippines’ first standalone digital bank with high savings rates
  • No monthly fees, no minimum balance, fully in-app onboarding
  • PDIC-insured up to PHP 1,000,000

Things to note

  • Requires a Philippine mobile number and government ID — short-stay visitors usually cannot apply
  • Cash handling depends on partner channels
  • Support responsiveness is inconsistent

Documents required

  • A Philippine mobile number
  • A government-issued ID (passport, driver’s licence, PhilID, UMID, etc.)
  • A selfie for face verification
  • A Philippine address in some cases

Requires a Philippine mobile number and a government-issued ID. Foreigners holding an ACR I-Card or residence status may apply, but short-stay visitors usually cannot; eKYC must be completed inside the Philippines.

Opening offers & benefits

Standing benefits

These are stable, standing account benefits (not time-limited) — available as long as you qualify:

Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

FAQ

Can non-residents open an account with Tonik Digital Bank?

Partially. Foreigners holding Philippine residence status such as an ACR I-Card may apply; short-stay visitors usually cannot, and eKYC must be completed inside the Philippines.

How much money do I need to open a Tonik Digital Bank account?

No minimum deposit to open — the account can start at zero. Some time-deposit products have their own minimums.

What documents are required for a Tonik Digital Bank account?

A Philippine mobile number, a government-issued ID (passport, driver’s licence, PhilID, etc.) and a selfie for face verification.

How long does Tonik Digital Bank account opening take, and must I visit a branch?

In-app eKYC takes about 10–20 minutes, with review usually the same day to three working days.

Why might a Tonik Digital Bank application be rejected?

Common reasons: the ID is not on the accepted list, face verification fails, the number is not yours, you are outside the Philippines, or KYC fails.

Does Tonik Digital Bank have any opening offers or new-account rewards?

Standing benefits: No Monthly Fee, No Min Deposit, Fully Online, Digital Bank, Fast Approval. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).

Ready? Open your account

Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.

Open account ↗ Some links are affiliate (commission) links; this does not affect our objective assessment.