Thinking about opening a UNO Digital Bank account but not sure if it’s actually worth it? 🤔 Here’s what the rates, fees and app experience really look like right now. Read on! 🚀
Everything is explained right below ⬇️⬇️⬇️
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UNO Digital Bank is worth a look if you want a BSP-licensed bank with a competitive time deposit rate and a lending approach that looks beyond a payslip — but it still deserves a side-by-side check against other digital banks before you move your savings in.
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UNO Digital Bank is one of six BSP-licensed digital banks now operating in the Philippines, and it has quietly built a customer base of more than 4 million people — a large share of them opening their first-ever bank account through the app.
In this article, we’ll go through what UNO actually offers, how its time deposit rate compares, how it evaluates loan applications, and where to check current details before you sign up.
Keep reading to see if it fits how you save and borrow.
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What is UNO Digital Bank?
UNO Digital Bank, operated by UNOBank, Inc., is a BSP-licensed digital bank owned by Singapore fintech UNO Asia Pte Ltd.
It’s one of six digital banks currently licensed by the Bangko Sentral ng Pilipinas, alongside Tonik, Maya Bank, GoTyme Bank, UnionDigital Bank, and OFBank — all regulated the same way as traditional banks.
UNO has reported more than 4 million customers, with roughly 15% of them opening their first-ever bank account through the platform, which suggests it has found real traction with previously unbanked Filipinos.
| Time Deposit Rate | Customer Base | Loan Underwriting | Deposit Insurance |
|---|---|---|---|
| 5.75% p.a. reported | 4M+ customers | Alternative-data engine | PDIC-insured to ₱1M |
What matters when comparing UNO Digital Bank to other options?
- Time deposit rate. UNO’s reported 5.75% p.a. time deposit rate has been positioned as higher than some peers like GoTyme, CIMB, and SeaBank at the time it was reported — worth checking against current published rates before opening.
- How loan applications are evaluated. UNO uses an alternative-data underwriting engine (mobile usage, utility payment history) alongside traditional credit checks, which can matter if you don’t have a long credit history.
- Deposit protection. Like all BSP-licensed digital banks, UNO deposits are PDIC-insured up to ₱1,000,000 per depositor, combined across savings and time deposit products at the same bank.
- Financial stability. UNO reported reaching break-even as of February 2026 and says it’s working toward full-year profitability — a sign of a maturing but still-developing operation.
None of this replaces checking UNO’s current published rates directly in the app before opening an account.
Is UNO Digital Bank good for a first bank account?
It might be. Roughly 15% of UNO’s customers opened their first-ever bank account through the app, suggesting the onboarding process works reasonably well for people without prior banking history.
Its alternative-data underwriting approach for loans — looking at mobile usage and utility payments instead of only a credit score — can also help first-time applicants who don’t have much of a paper trail yet.
Is UNO Digital Bank financially stable?
UNO reported reaching break-even as of February 2026 and says it’s working toward full-year profitability, which is generally a positive sign for a digital bank still growing its customer base.
Regardless of a bank’s own financial reporting, your deposits are protected the same way across the industry: PDIC insurance covers up to ₱1,000,000 per depositor at each BSP-licensed bank.
How does UNO’s time deposit rate compare?
UNO’s reported time deposit rate of 5.75% p.a. has been described as higher than some other digital banks at the time it was reported, including GoTyme, CIMB, and SeaBank.
Rates change often, so always confirm the exact current rate in the UNO app or on uno.bank before locking in any amount.
⚠️ Fraudsters increasingly copy the phishing tactics already documented around GCash’s fake QR “quishing” scams and Maya’s SMS impersonation attempts — sending fake identity-verification links or pressuring victims into a screen-share to steal OTPs and PINs. No legitimate BSP-licensed bank, including UNO, will ever ask for your PIN, OTP, or full card number over text, call, or video call.
How do I check if UNO Digital Bank fits me?
- Visit the official UNO Digital Bank website to see current savings and time deposit rates.
- Download the app and complete identity verification with a valid government ID.
- Compare the current time deposit rate and loan terms against at least one other BSP-licensed digital bank.
- Confirm the ₱1,000,000 PDIC insurance limit applies to your total balance across products at the same bank.
- Start with a smaller deposit until you’re comfortable with the app experience.
UNO Digital Bank support channels
Reach UNO Digital Bank directly through these official channels:
- Official website: uno.bank
- FAQs: uno.bank/faqs
- Contact page: uno.bank/contact-us
- In-app support chat
Is UNO Digital Bank worth it?
UNO Digital Bank can be a solid option if you want a competitive time deposit rate and a lending approach that looks beyond a traditional credit score — but it’s still worth comparing against the other BSP-licensed digital banks before committing your savings.
- If you’re focused on maximizing savings rates, Tonik Bank’s time deposit and Stash options are worth comparing directly.
- If you’re torn between two specific digital banks, this Tonik vs GoTyme comparison breaks down how two competitors stack up.
- For the full side-by-side ranking of every e-wallet and digital bank in this cluster, check our complete ranking guide.
Ready to compare loan options too? The list above is a good place to start.
I hope this helped — if you still have questions, leave a comment and we’ll get back to you.
Frequently asked questions
Is UNO Digital Bank legit?
Yes. UNOBank, Inc. is licensed by the Bangko Sentral ng Pilipinas and its deposits are PDIC-insured up to ₱1,000,000 per depositor.
What is UNO Digital Bank’s time deposit rate?
UNO has reported a time deposit rate of 5.75% p.a., described as higher than some other digital banks at the time it was reported. Always confirm the current rate in the app.
Is UNO Digital Bank good for a first bank account?
It can be. About 15% of UNO’s more than 4 million customers opened their first-ever bank account through the app.
How does UNO evaluate loan applications?
UNO uses an alternative-data underwriting engine, looking at things like mobile usage and utility payment history alongside traditional credit checks.
Are my UNO Digital Bank deposits insured?
Yes. As a PDIC member institution, UNO deposits are insured up to ₱1,000,000 per depositor, combined across savings and time deposit products at the bank.
Is UNO Digital Bank profitable?
UNO reported reaching break-even as of February 2026 and says it is working toward full-year profitability.
How many customers does UNO Digital Bank have?
UNO has reported more than 4 million customers.
Where can I check UNO Digital Bank’s current rates?
Check the official UNO Digital Bank app or the uno.bank website for the latest published rates before opening an account.
Sources consulted: uno.bank (official site, FAQs, contact page), Bangko Sentral ng Pilipinas list of licensed digital banks, PDIC (deposit insurance rules).
⚠️ Disclaimer
This is an independent informational site with no official link to GCash, Maya, GoTyme, Tonik, UNO Digital Bank, UnionDigital Bank, or the BSP. We don’t process transactions or charge any fee. Rates, fees and terms change over time — always confirm current information on official channels before acting.
