Seabank is the newest addition to digital banks in the country. If you want your money to earn a 4% – 6% interest rate compared to a traditional bank that only offers 0.75% – 1% interest rate.

According to their website “SeaBank is a mobile banking application for your daily financial needs. Earn more interest daily with attractive interest rates, while enjoying seamless transactions on your mobile phone anytime, anywhere.”

They currently offer 6% p.a. Interest Rate (starting June 1, 2022 to September 30, 2022) at no minimum balance, no deposit cap, and no lock-in period. It took me only 10 minutes to open an account with SeaBank.

Requirements for SeaBank Account

• Phone number or verified Shopee Account
• Valid government ID
• Email address

Valid ID that are accepted by SeaBank

Steps to Open an Account at Seabank

1. You can register using a mobile number or a verified Shopee account.
2. If you use a phone number, enter the mobile number and One-Time Password.

3. If you use a verified Shopee account it will ask for permission to connect SeaBank with your account.

4. Start the registration process by undergoing the following:

5. Facial Verification

6. Upload your valid government-issued ID

If you have uploaded one of the following: Passport, SSS ID, PRC ID. You will need to present a Proof of Residential Address.

7. Fill out your personal details.

8. Next is review and agree with the Terms and Conditions and set up 6 digit PIN.

9. You have successfully opened an account for SeaBank. You need to wait for 1 working day for them to verify your account.

REVIEW OF SeaBank

PROS

For more information about SeaBank, you check their website’s FAQ or you can contact them thru their customer service hotline and email address

• (+632) 8891 7927 (Local Hotline)
• 1800-1-110-2957 (Local Toll-Free for PLDT Landline and Smart Mobile)
• [email protected]

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