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Need a new refrigerator, washing machine, laptop, or TV—but no credit card? Good ...
For the longest time, I thought banking was pretty straightforward: money goes in...
Quick Take: Are High-Interest Digital Banks Safe?Seeing a digital bank offer high...
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Joining a club is super awesome because it makes one feel like they belong. The right one comes with perks and benefits. A cooperative kind of works the same way. Find out what a coop is and how you can get a loan through one!
Credit cooperatives may not be the first thing that comes to mind when you’re in need of a loan. Because we’re so used to traditional banks and online loan companies, these tend to be brushed over, especially by the younger generation.
A nice thing about cooperatives is that profit isn’t their main goal. They aren’t here to make money, but to…
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If you happen to be someone working in a regular Philippine company, you’re likely to be paying taxes as well as contributions to local organizations like PhilHealth, SSS, and Pag-IBIG. But most of the time, we’re unaware of the benefits we can get from being active members and contributors to these corporations. For example: did you know that you could claim sick benefits from SSS if you missed work due to COVID-19? Yep, you totally could.
Another benefit for employees contributing to SSS happens to be a salary loan! We’ve discussed it in our…
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Quick Take: How to Check Your Credit Score in the Philippines
Wanna flex a strong credit score? Here’s how you can check yours like a pro 👇
Step 1: Head over to the Credit Information Corporation (CIC) or any legit credit bureau – like CIBI, TransUnion, CRIF, or Compuscan.
Step 2: Fill out the online form, book a video call for verification, and settle the small fee. Easy peasy! ✅
Step 3…
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Quick Take: What makes a good credit score in the Philippines?
Credit scores in the Philippines range from 300 to 850, with 850 being the best. A score between 700-759 is considered good, 650-699 is fair, and 600-649 is poor. Scores below 600 are classified as bad.
Learn all about how credit scoring works in the Philippines and how Tonik is pushing boundaries with its new products!
Picture this: you’re super excited about a shiny new gadget you want to buy! A new laptop, perhaps, to help you work better? While you don’t have enough…
Fintech
For the longest time, I thought banking was pretty straightforward: money goes in, money comes out, and hopefully there's still something left before the next payday. 😅
So, when digital banks started popping up everywhere, my first thought was: Okay… isn't this basically just regular banking on an app?
Turns out, not quite.
After learning more about them, I realized why I switched to a digital bank goes way beyond being able to check my balance without leaving the couch. Digital banking actually changed the way I think about saving, spending,…
Quick Take: Are High-Interest Digital Banks Safe?
Seeing a digital bank offer higher savings rates can feel exciting—but it can also make you wonder: are high-interest digital banks safe in the Philippines, especially when the interest looks much better than what traditional banks usually offer?
The good news is that high interest rates alone don't determine whether a bank is safe. What matters is whether the bank is properly licensed and supervised by the Bangko Sentral ng Pilipinas (BSP), follows banking and consumer-protection rules, and offers…
Introduction: Your First Step into Digital Banking
Banking used to mean lining up at a branch, filling out forms, and waiting for your number to be called. Today, a growing part of everyday banking can happen right from your phone. Welcome to digital banking for beginners, luv. ♥
But what is a digital bank in the Philippines, exactly? Under Bangko Sentral ng Pilipinas (BSP) regulations, a digital bank is a bank that offers financial products and services through digital platforms or electronic channels, with transactions processed end-to-end digitally and…
Luv, let’s be real—banking has gone 100% digital, and we’re here for it! With platforms like BPI Online, GCash, Maya, and UnionBank, Filipinos can pay bills, transfer funds, and shop online in just a few taps. But while digital banking is ultra-convenient, it also comes with risks—think phishing scams, data breaches, and fraudsters trying to sneak into your account.
In fact, BusinessWorld reported that the suspected retail digital fraud rate in the…
Savings
How to Open Your First Bank Account Online (No Maintaining Balance)
⚡ Quick Take
FYI, a bank with no maintaining balance exists. You can even open a bank account online in the Philippines in under 10 minutes — no branch visit, no pile of documents, and no maintaining balance to stress about. All you need is a valid ID, a smartphone, and a few minutes. A bank with no maintaining balance like Tonik means your money grows on your terms, with zero penalties for saving small.
Looking for a way to make your money work harder for you? The Tonik 8% Time Deposit could be your secret weapon to earning more with your savings! In today’s savings landscape, finding high-yield opportunities can feel like searching for a needle in a haystack. But with the Tonik 8% Time Deposit, your funds earn a competitive interest rate, but only if they’re locked in for 12 months. This makes it an ideal option for those who are looking to grow their savings with a guaranteed return over a fixed term.
Quick Take: How to Deal with Job Loss
Lost your job or dealing with a pay cut? You’re not alone. 💜 Knowing how to deal with job loss financially can help you stay calm, stretch your money, and bounce back faster. With the right mindset, smart budgeting, and a little help from Tonik, you’ve got this. 💪
Quick Take: Where Should You Keep Your Emergency Savings?
Your emergency fund deserves a home that’s safe, easy to reach, and smart enough to grow. For most Filipinos, the sweet spot is a mix of digital banks, traditional savings accounts, and a small amount in e-wallets—so you’re always ready when life throws a surprise your way. ⚡
Loan
Need a new refrigerator, washing machine, laptop, or TV—but no credit card? Good news, luv: you still have options.
Quick TakeHere's the tea: that advertised interest rate you've been comparing isn't the real price tag.
What makes a loan app legit enough in the Philippines?⚡ Quick Take
Your laptop just died mid-deadline. Or maybe it's still alive, but barely — slow, cracked screen, battery that lasts 45 minutes if you're lucky.
Lifestyle
If your ipon challenge has died a quiet death every January since 2019, you are not alone — and it's probably not a willpower problem. Most ipon challenge mistakes aren't about motivation at all.
10 Misconceptions About Digital Banks in the Philippines (That Need to Retire)
⚡ Quick Take
Luv, let's have some real talk. If you've ever spent your lunch break standing in line at a branch just to update your info, you already know the struggle.
Every International Women’s Month, I find myself thinking back to a time when I was still figuring things out financially.
