#Digital banks 2021

Digital banks and e-wallets are truly a big thing nowadays, especially during the pandemic. So to guide you, here are the transaction/transfer limits of the digital banks and e-wallets in the Philippines. [table id=1777 /] Most of these digital banks/e-wallets impose transfer limit of PHP 50,000/daily. Even before the pandemic started, digital banks have been existing to help Filipinos open their own bank accounts. Apart from removing the usual maintaining balance that major banks usually offer their savings account, these digital banks offer convenience to their customers. We give you the list of some digital banks that you should try to enjoy cashless payments for 2021. Author's note: The following digital banks are a member of Philippine Deposit Insurance Corporation (PDIC) and regulated by the Bangko Sentral ng Pilipinas (BSP). Do note that these digital banks offer financial products and services processed through a digital platform and/or electronic channels with no physical branches. Read more in our articles including "Digital Banks/E-Wallets in the Philippines Transfer Limits" and "Digital Banks You Should Try in 2021".