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#PINNED: These online banking apps can help you save money from the comfort of your home
#Pinned makes it easier for young Filipinos to discover meaningful and enriching content and stories that will help them separate music from the noise, wheat from the chaff, and flowers from the weeds.
All our stories are written by young creatives who made it their life mission to know everything there is to know about how fellow young adults can make the most out of their limited down time every day, every week.
Endlessly scrolling on shopping apps because you’re so, so bored is not exactly a good way to be financially healthy this time of COVID-19. Even if you keep insisting to yourself that you’re just window-shopping, there will always be something that would inevitably catch your eye’s fancy and the horror of your rapidly dwindling savings account. Too bad you can’t really flaunt your new leather boots with that fancy yellow stitch now, eh?
A better way to spend our precariously limited downtime is by looking at online apps that can help us save money, instead of parting with it. Also, wouldn’t it be a lot safer for us to just use these apps instead of going to banks personally? More convenient too. If you’re an impulsive buyer like us, it would do us a lot of good if you’d just scroll down to see a list of online banking apps that can help us save money safely.
1. OCTO by CIMB Bank
CIMB Bank Philippines Inc. is one of the largest banks in Southeast Asia and is regulated by the Bangko Sentral ng Pilipinas (BSP). Within ten minutes, you can already open an account for your personal savings, investments, and loan applications.
You can download the app here:
2. GSave (GCash)
Also powered by CIMB Bank, the said digital savings bank can help you grow your savings quickly and get coins from promos in GCash that you can convert into cash. There’s no minimum deposit and maintaining balance is required to create an account that would take just a minute.
You can download the app here:
3. ING
The digital banking platform, that’s also regulated by BSP, offers a high interest rate and an attractive interest rate of 2.5% per annum with no minimum amount and no lock-in period.
You can download the app here:
4. BPI Online and BPI Mobile
Powered by the first bank in the Philippines and Southeast Asia, the Bank of the Philippine Islands (BPI), this app ranks third among financial apps and the first among mobile banking apps. You can also transfer money just by scanning or uploading a unique QR code that their app generates.
You can download the app here:
5. BDO Online and BDO Personal Banking App
It is the digital bank of Banco de Oro (BDO) which is the Philippines’ largest bank and ranks the second most popular (downloaded) among mobile banking apps. You can also access their financial services using their website.
You can download the app here:
6. Metrobank Mobile Banking
Metrobank is one of the major banks in the country, consistently among the top three. Their app offers secure banking services and you can also use their interbank transfer without any additional fee. Aside from their app, their website is also highly functional and secure, Metrobankdirect.
You can download the app here:
7. EON Bank PH
A fully digital banking service which was the first neo in Southeast Asia, that can help you pay bills, transfer money, and buy prepaid credits along with having the option to browse through their products and services. You can access your own account and loan application by facial recognition.
You can download the app here:
Look, we get it. This pandemic is chipping on our mental health bit by unhealthy bit every moment, every piece of stressful news that we see on our timelines. Buying things is therapy in a way. It calms us, makes us feel that there are still some things that are in our control. And we wouldn't begrudge anyone for finding that oasis of calm in a desert of uncertainty, incompetence, and fear.
But would it be too hard to divert a few of those pesos you spend on products that you don't really need right now to your savings account? Think about it.
