#Tonik Digital Bank PH

Tonik, the Philippines's first digital-only neobank, has launched a Quick Loan product on its platform. From there, the funds can be withdrawn through OTC partners Cebuana and MLhuillier, moved to the client’s other bank or e-wallet account, or paid out through an ATM or merchant payment using the Tonik Debit Card. READ: Tonik Digital Bank: What you need to know Tonik Digital Bank now allows its users to transfer funds from a PESONet participating bank to their accounts. Toniks transfer services are initially available via RCBC, Landbank, PSBank, and CIMB, with other PESONet member banks expected to be added in the coming months. It’s a testament to the fact that Filipinos are thirsty for a financial enabler that cuts the red tape, makes banking less complicated, and lets their hard-earned money work better for their future,” said Tonik CEO and Founder Greg Krasnov. “Allowing easier and bigger interbank transfers to Tonik accounts through PESONet is just one of several features that we are introducing in our app that I’m sure will make our customers love us more,” Krasnov added. Tonik has officially launched in the Philippines as the market’s first neobank. Read more in our articles including "Tonik launches Quick Loan in the Philippines" and "Tonik transfers now available via PESONet".