GCash, Maya, GoTyme, Tonik, UNO, UnionDigital — which one actually deserves your salary? 💰 Here’s the full ranking. Read on! 🏆
Everything is explained right below ⬇️⬇️⬇️
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Best Digital Banks ComparedGCash vs Maya: Which Wins?
For most Filipinos, GCash ranks best for everyday spending and transfers, Maya and Tonik rank best for savings, and GoTyme ranks best for a free physical card issued the same day — no single app wins every category.
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In this article, we’ll rank all six BSP-licensed digital banks plus GCash and Maya as e-wallets, based on fees, interest rates, deposit insurance and everyday usability.
We’ll also flag which one fits a first-time bank user best.
Keep reading to see the full ranking.
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How were GCash, Maya, GoTyme, Tonik, UNO and UnionDigital ranked?
This ranking weighs everyday fees, interest rates on savings, deposit insurance, and how easy each app is for a first-time user.
GCash and Maya are e-money wallets — their wallet balance itself isn’t a PDIC-insured deposit, though Maya’s bank-side savings products are. GoTyme, Tonik, UNO Digital Bank and UnionDigital Bank are full BSP-licensed digital banks, so their deposits are PDIC-insured up to P1,000,000 per depositor.
No single provider wins every category, so the ranking below is organized by what each one actually does best.
What matters when ranking e-wallets and digital banks
- Fees and transfer limits. Free transfer allowances and per-transaction caps vary a lot between providers.
- Interest rates and PDIC coverage. Only bank-side deposit products are PDIC-insured up to P1,000,000 per depositor.
- Card options. Some offer a free physical card instantly, others focus on virtual cards or none at all.
- Ease of use and support. A first-time user benefits most from an app with clear support channels and simple onboarding.
Ranking by category, rather than picking one overall “winner,” gives a more honest picture of who actually fits your needs.
#1 for everyday spending, transfers and bills: GCash
GCash’s InstaPay send fee was lowered to P10 as of July 4, 2026, with an individual transaction cap of P50,000 and a monthly wallet limit of P100,000 for fully verified accounts.
Its Bills Pay feature covers utilities, telecom and government contributions, and 500 free send/receive transactions per month cover most regular users comfortably.
Its main gap in 2026: reports indicate GCash discontinued its Mastercard-style virtual card, so it’s no longer the go-to for a dedicated online-shopping card.
#2 for savings and a virtual card: Maya
Maya Savings pays a 3% p.a. base rate (from May 1, 2026), with promotional boosts up to 15% p.a. on the first P100,000, and its Time Deposit Plus product pays up to 6% p.a. depending on tenor.
Its free in-app virtual card, with a distinct card number and CVV per transaction, is the clearest option in the market for safer online shopping.
Maya Bank’s savings products are PDIC-insured up to P1,000,000 per depositor, separate from the Maya e-wallet balance itself.
#3-#6: GoTyme, Tonik, UNO Digital Bank and UnionDigital Bank
GoTyme Bank pairs 5% p.a. on Go Save with a free Mastercard debit card issued on the spot at mall kiosks, plus 20 free InstaPay transfers per month.
Tonik Bank leads on time deposit rates — 6% p.a. (6-month), 7% p.a. (9-month) and 8% p.a. (12-month) — with no maintaining balance and up to P1.25M spread across five active time deposits.
UNO Digital Bank offers a 5.75% p.a. time deposit rate and has grown to over 4 million customers, with about 15% opening their very first bank account through the app.
UnionDigital Bank’s Ubee Save offers free PESONet transfers between UnionDigital accounts and tiered interest that rewards higher balances, backed by UnionBank of the Philippines.
⚠️ GCash has blocked over 4,900 fraudulent merchants tied to “quishing” — fake QR codes designed to redirect payments. Whichever app you choose from this ranking, always confirm the merchant name shown on screen matches before confirming any QR payment, and never share your OTP or PIN with anyone claiming to help “verify” your account.
How do I choose the right one to open first?
- List what you actually need most: daily spending, savings, transfers, or a physical card.
- Compare fees, transfer limits and interest rates for the products that match that need.
- Check that any bank-side savings product is PDIC-insured up to P1,000,000 per depositor.
- Download the app only from the official app store listing, never from a link sent by text.
- Verify you’re on the provider’s official domain before entering any personal details.
Check current PDIC coverage details on PDIC’s official site before assuming a product is insured.
Where to get help with any of these apps
Reach official support directly for each provider:
- GCash: help.gcash.com (Help Center), in-app support, or hotline 2882.
- Maya: support.maya.ph (Help Center), cares.paymaya.com, or in-app chat.
- GoTyme, Tonik, UNO Digital Bank, UnionDigital Bank: the fastest way to reach support for each is through its own official app — check the Help or Support section after logging in.
So which one should hold your money?
Most Filipinos end up using more than one — GCash or Maya for daily spending and transfers, plus a digital bank like Tonik, GoTyme, UNO or UnionDigital for savings that actually earn something.
- If you want the full picture on Maya’s wallet, savings, card and credit features, this Maya review covers it in depth.
- If a card for daily spending is your priority, this guide to the best debit cards in the Philippines narrows it down.
- And if you’re paying at physical stores often, this simple guide to QR Ph payments is worth reading before your next scan.
There’s no universal winner here — the safest approach is matching each provider to the specific job you need it to do.
I hope this helped — if you still have questions, leave a comment and we’ll get back to you.
Frequently asked questions
Which is the best e-wallet or digital bank in the Philippines?
There’s no single winner — GCash ranks best for everyday spending, Maya and Tonik rank best for savings, and GoTyme ranks best for fast physical card issuance.
Are GCash and Maya wallet balances PDIC-insured?
No, the e-wallet balance itself isn’t a PDIC-insured deposit, though Maya Bank’s separate savings and time deposit products are, up to P1,000,000 per depositor.
How many BSP-licensed digital banks are there in the Philippines?
Six as of May 2026: Tonik, Maya Bank, GoTyme Bank, UNO Digital Bank, UnionDigital Bank and OFBank.
Which digital bank has the highest savings rate?
Tonik’s time deposit rates lead the group, ranging from 6% p.a. to 8% p.a. depending on the term.
Can I use more than one of these apps at the same time?
Yes, and most Filipinos do — one for everyday spending and transfers, another for savings.
Is my money safe in a BSP-licensed digital bank?
Deposits at BSP-licensed digital banks are PDIC-insured up to P1,000,000 per depositor, per bank.
Which app is best for a first-time bank user?
GoTyme is often mentioned for its simple, kiosk-based onboarding with an instantly issued physical card, though GCash and Maya are also easy starting points.
Sources consulted: help.gcash.com, support.maya.ph, gotyme.com.ph, tonikbank.com, uno.bank, pdic.gov.ph (deposit insurance coverage), Philstar reporting on InstaPay fee changes (July 2026).
⚠️ 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.
