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Tonik Bank – Everything you need to know

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Features, Benefits and How it Works

Tonik is a digital bank established in 2021 and headquartered in Mandaluyong City, Philippines. As the first digital-only bank in the country, Tonik operates entirely online, offering a wide range of financial services through its user-friendly mobile app.

Moreover, Tonik aims to provide accessible and convenient banking experiences, particularly targeting the unbanked and underbanked segments of the Philippine population.

Overall, Tonik offers competitive interest rates and features designed to engage and empower users in managing their finances. The bank positions itself as a significant player in the Philippine fintech landscape and contributing to the growing trend of digital banking in the region.

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Founded: 2018

Headquarters: Singapore

Users: +2 million

Countries available: Philippines

Account plans: checking and savings accounts for personal users

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