🏦 Maya Bank (Philippines) – All You Need to Know
📌 What is Maya Bank?
Maya Bank, Inc. is a fully digital bank licensed by the Bangko Sentral ng Pilipinas (BSP). It is part of the Maya ecosystem (formerly PayMaya), operated by Voyager Innovations, and backed by PLDT's digital arm.
Launched in 2022, Maya Bank is designed to be branchless, mobile-first, and customer-centric, offering seamless banking through the Maya app.
✅ Key Features of Maya Bank
| Feature | Description |
|---|---|
| Digital Savings Account | High-interest savings (up to 10% p.a. promo), no maintaining balance |
| Personal Credit | Up to ₱30,000 credit line, fast approval via the app |
| Maya Wallet Integration | Instantly link savings, payments, and crypto through one app |
| Time Deposit (Maya Time Deposit Plus) | Higher fixed interest rate options for longer terms (e.g., 6–12 months) |
| Business Accounts | For small businesses and freelancers with fast onboarding |
| Crypto Services | Buy/sell 20+ cryptocurrencies through the app |
| Bill Payments & Transfers | Send money, pay bills, or scan-to-pay QR for purchases |
| Maya Card (Visa) | Physical or virtual prepaid debit card for online/offline use |
💸 Interest Rates (as of latest promo)
| Account Type | Interest Rate | Notes |
|---|---|---|
| Maya Savings | Up to 10% p.a. | Promo-based; usually requires tasks/spending |
| Time Deposit Plus | Up to 6% p.a. | Depends on term length (3, 6, or 12 months) |
| Regular Savings | Around 3.5–4% p.a. | Base rate without promos |
🔐 Is Maya Bank Safe?
Yes. Maya Bank is:
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BSP-licensed (under the Digital Banking framework)
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PDIC-insured — deposits are insured up to ₱500,000 per depositor
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Uses bank-grade encryption and real-time fraud monitoring
🎯 Who Is It Best For?
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Young professionals and students looking for a high-interest, low-maintenance bank
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Freelancers, gig workers, or online sellers who want quick business banking
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People who want an all-in-one digital wallet, savings, crypto, and bills platform
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Those who prefer cashless lifestyle and app-based banking
🆚 Maya vs. Other Digital Banks (Tonik, CIMB, GoTyme)
| Feature | Maya Bank | CIMB Bank | Tonik Bank | GoTyme Bank |
|---|---|---|---|---|
| Interest (Savings) | Up to 10% | Up to 8% (promo) | Up to 6% (time deposit) | Up to 5% |
| Minimum Deposit | ₱0 | ₱0 | ₱0 | ₱0 |
| Physical Card | Yes (Maya Visa) | Optional via GCash | Optional | Yes (GoTyme debit) |
| Time Deposit Options | Yes | No | Yes | No |
| Crypto Integration | Yes | No | No | No |
| App Usability | Very modern + all-in-one | Clean, bank-focused | Quirky & savings-first | Retail banking feel |
📱 How to Open an Account
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Download the Maya app (Google Play or App Store)
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Register with your mobile number and complete verification
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Upgrade your account by uploading valid ID (e.g., UMID, Driver’s License)
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Start using Maya Bank via the app: Savings, Time Deposit, Bills, etc.
📝 Final Thoughts
Maya Bank is one of the most versatile and modern digital banks in the Philippines, combining:
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High interest savings
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Wallet + banking features
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Access to crypto and credit
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Strong app experience
It’s ideal for those who want full control of their money via mobile, without traditional banking hassles.
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