As we kick off the new year, it’s time to get a grip on the latest update in finances – the 2024 BIR Income Tax Table in the Philippines. Whether you’re an individual or a freelancer, these updates can make a real difference in how much you pay in taxes.
Let’s dive into the 2024 BIR Income Tax Table and understand what it means for you and your money.
Source: BIR
In today’s digital age, banking is becoming easier and more accessible, especially with the rise of digital banks. In the Philippines, these digital banks are not only convenient but also offer attractive interest rates, making them a popular choice among the younger generation.
We have compiled the list of digital banks offering high interest rates in the country. Let’s dive into the world of digital banking and discover how these platforms are reshaping the way Filipinos manage their money.
| Bank | Interest Rate | Website |
| RCBC Diskartech | 6.5% per annum | https://diskartech.ph/ |
| Netbank | 6.5% per annum for those who opened before January 2023 4% per annum for those who opened after January 2023 | https://www.netbank.ph/ |
| GOtyme | 5% per annum | https://www.gotyme.com.ph/ |
| Maya Bank | 4% per annum in the Personal Goals account 10% per annum in the Savings account 2.5% per annum in the Business Deposit account Up to 14% interest p.a. with Maya Savings (November 2023) | https://www.mayabank.ph/ |
| Tonik | 4% per annum for solo stash 4.5% per annum for group stash | https://tonikbank.com/ |
| SeaBank | 4.5% per annum | https://www.seabank.ph/ |
| UNObank | 4.25% per annum in the UNOReady account with ₱5,0000 and above savings 3.5% per annum in the UNOReady account with ₱5,0000 and below savings Up to 6% interest in the UNOReady account (Promo only, until November 30, 2023) 6.5% per annum in the UNOBoost account | https://uno.bank/ |
| UnionDigital | 3% per annum for accounts with ₱5 million and below savings 4% per annum for accounts with ₱5 million and above savings | https://uniondigitalbank.io/en |
| CIMB | 5% p.a. interest rate | https://www.cimbbank.com.ph/ |
| Komo by Eastwest | 2.5% per annum | https://www.komo.ph/ |
| Overseas Filipino Bank | 1% per annum for accounts with ₱0.01 to ₱20,000.00 savings 2% per annum for accounts with ₱20,000.01 to ₱100,000.00 savings 3% per annum for accounts with ₱100,000.01 to ₱500,000.00 savings 4% per annum for accounts with ₱500,000.01 and above savings | https://ofbank.com.ph/ |
In the fast-paced digital landscape of the Philippines, online banking has become an integral part of our daily lives, revolutionizing the way we handle financial transactions. As the nation embraces the convenience of digital payments, services like Instapay and Pesonet have emerged as key players, enabling swift and hassle-free money transfers between individuals, businesses, and institutions.
In this comprehensive guide, we will give you a list of up-to-date as of November 2023 of the banks offering free Pesonet service in the Philippines.
| PESONET | FEES | UNTIL |
| BanKo, A Subsidiary of BPI | FREE | December 31, 2023 |
| Country Builder Bank, Inc. | FREE | December 31, 2023 |
| CIMB Bank Philippines | FREE | December 31, 2023 |
| East West Rural Bank, Inc. | FREE | December 31, 2023 |
| GoTyme Bank Corporation | FREE | December 31, 2023 |
| HSBC (retail clients) | FREE | December 31, 2023 |
| HSBC Savings Bank (retail clients) | FREE | December 31, 2023 |
| Land Bank of the Philippines | FREE | December 31, 2023 |
| Maya Bank, Inc. | FREE | December 31, 2023 |
| Paymongo Payments, Inc. | FREE | December 31, 2023 |
| Philippine Business Bank, Inc. | FREE | December 31, 2023 |
| Rural Bank of Guinobatan | FREE | December 31, 2023 |
| SeaBank Philippines, Inc. | FREE | December 31, 2023 |
| Tonik Digital Bank | FREE | December 31, 2023 |
| Union Bank of the Philippines (retail clients) | FREE | November 11, 2023 |
In the fast-paced digital landscape of the Philippines, online banking has become an integral part of our daily lives, revolutionizing the way we handle financial transactions. As the nation embraces the convenience of digital payments, services like Instapay and Pesonet have emerged as key players, enabling swift and hassle-free money transfers between individuals, businesses, and institutions.
In this comprehensive guide, we will give you a list of up-to-date as of November 2023 of the banks offering free Instapay service in the Philippines.
| INSTAPAY | FEES | UNTIL |
| Bank of the Philippine Islands (BPI) | FREE | December 31, 2023 |
| BanKo, A Subsidiary of BPI | FREE | December 31, 2023 |
| CIMB Bank Philippines | FREE | December 31, 2023 |
| GoTyme Bank Corporation | FREE | December 31, 2023 |
| Land Bank of the Philippines | FREE | December 31, 2023 |
| Maya Bank, Inc. (Business Deposit) | FREE | December 31, 2023 |
| Metropolitan Bank and Trust Company (Metrobank) | FREE | December 31, 2023 |
| Rural Bank of Guinobatan | FREE | December 31, 2023 |
| SeaBank Philippines, Inc. | FREE | December 31, 2023 |
| Tonik Digital Bank, Inc. | FREE | December 31, 2023 |
In the fast-paced digital landscape of the Philippines, online banking has become an integral part of our daily lives, revolutionizing the way we handle financial transactions. As the nation embraces the convenience of digital payments, services like Instapay and Pesonet have emerged as key players, enabling swift and hassle-free money transfers between individuals, businesses, and institutions.
In this comprehensive guide, we will give you a list of up-to-date as of November 2023 of the banks offering free Instapay and Pesonet services in the Philippines.
| INSTAPAY | FEES | UNTIL |
| Bank of the Philippine Islands (BPI) | FREE | December 31, 2023 |
| BanKo, A Subsidiary of BPI | FREE | December 31, 2023 |
| CIMB Bank Philippines | FREE | December 31, 2023 |
| GoTyme Bank Corporation | FREE | December 31, 2023 |
| Land Bank of the Philippines | FREE | December 31, 2023 |
| Maya Bank, Inc. (Business Deposit) | FREE | December 31, 2023 |
| Metropolitan Bank and Trust Company (Metrobank) | FREE | December 31, 2023 |
| Rural Bank of Guinobatan | FREE | December 31, 2023 |
| SeaBank Philippines, Inc. | FREE | December 31, 2023 |
| Tonik Digital Bank, Inc. | FREE | December 31, 2023 |
| PESONET | FEES | UNTIL |
| BanKo, A Subsidiary of BPI | FREE | December 31, 2023 |
| Country Builder Bank, Inc. | FREE | December 31, 2023 |
| CIMB Bank Philippines | FREE | December 31, 2023 |
| East West Rural Bank, Inc. | FREE | December 31, 2023 |
| GoTyme Bank Corporation | FREE | December 31, 2023 |
| HSBC (retail clients) | FREE | December 31, 2023 |
| HSBC Savings Bank (retail clients) | FREE | December 31, 2023 |
| Land Bank of the Philippines | FREE | December 31, 2023 |
| Maya Bank, Inc. | FREE | December 31, 2023 |
| Paymongo Payments, Inc. | FREE | December 31, 2023 |
| Philippine Business Bank, Inc. | FREE | |
| Rural Bank of Guinobatan | FREE | December 31, 2023 |
| SeaBank Philippines, Inc. | FREE | December 31, 2023 |
| Tonik Digital Bank | FREE | December 31, 2023 |
| Union Bank of the Philippines (retail clients) | FREE | November 11, 2023 |