#Tonik digital bank instapay

Tonik - one of the first neobanks in the Philippines - can now send money through Instapay integration for free! [caption id="attachment_316958" align="alignnone" width="720"] Image | Tonik[/caption] With this recent update, users can now send and receive money from participating banks and other e-banks in real-time for up to PHP 50,000 with no additional transfer fees from Tonik. Steps to top up to your Tonik Account: Click the Top Up option in the Tonik dashboard Click Instapay Tap the Square button to copy the 14-digit Tonik account number Once copied, launch the mobile bank app or bank website where you’ll get the fund for top-up. Paste the 14-digit Tonik account number Enter your desired amount and other required information Perform the steps required by your bank’s app like the required authorization to finalize the whole transaction. But make sure to double other banks for some have different transaction fees when it comes to InstaPay top-ups. Tonik was founded last 2018 and it launch its operations in the Philippines last 2020 through its own bank license with its support and other R&D functions which are based in Singapore and Chennai, India. The way Filipinos move money between banks and e‑wallets is quietly undergoing its biggest policy shake‑up since InstaPay and PESONet launched. Read more in our articles including "Tonik now offers FREE funds transfer via Instapay" and "How new BSP rules are reshaping digital banking in the Philippines".