GoTyme Bank opened 2024 with exciting new products and features that further strengthen its position as the fastest-growing bank in the country. Launched in 2022, GoTyme Bank has capitalized on the huge unmet demand for simple, beautiful banking. In only 15 months, 2.5 million users have switched to GoTyme Bank and are now enjoying an upgraded banking experience.
The award-winning bank—hailed for its excellent user experience, security, and customer service—takes pride in providing customers with a viable alternative to traditional banks, offering a sleek customer experience that also delivers better value through lower fees, higher savings rates, and bigger rewards. GoTyme Bank’s superior app experience has enabled GoTyme Bank to break into the top 5 banking apps in terms of monthly active app users and a top 7 bank in terms of InstaPay transactions in just over one year.
Beyond the award-winning app, GoTyme Bank also provides an unrivaled in-person banking experience with over 450 kiosks and over 1,000 bank ambassadors (found in The Marketplace, Robinsons Supermarkets and malls, and select office buildings) to help customers sign up, issue them with the leading Visa debit card for free, and assist with any questions.
“At GoTyme Bank, we set out to fill the gap left by traditional financial institutions by delighting customers with a banking experience that is simple, beautiful, and rewarding. In 2024 we plan to give all of you more products and features while continuing to deliver the level of service that you’ve grown to love and trust,” said GoTyme Bank CEO Nate Clarke as the bank announced its expanded suite of products. These include:
- Multi-Currency Time Deposit, starting with the US Dollar – GoTyme Bank is one of the first Philippine-based digital banks to introduce a multi-currency time deposit product, starting with the US dollar. In the next two months, customers will be able to open a USD time deposit account for as low as 1 US dollar and enjoy high interest rates of 3% for 3 months and 3.5% for 6 months.
- Attractive Deposit Interest Rate – As a trusted bank, GoTyme continues to align itself with the policies of the Bangko Sentral ng Pilipinas and current economic conditions and its policies. The bank’s Go Save product now offers a sustainable savings interest rate of 4% per annum effective March 1, 2024, which is up to 64 times higher than traditional banks, while keeping customer savings secure.
- Bank Statement and Bank Certificate Service – GoTyme users can now easily generate a bank certificate or bank statement for free on the GoTyme Bank app, making it easier for Filipinos to secure essential documents for loans or visa applications.
- Expanded Deposit and Withdrawal Network
- ATMs: Through a partnership with Euronet, GoTyme Bank will expand its physical network by integrating ATM services into its digital banking platform starting March 2024. The co-branded ATMs, powered by Euronet’s Ren Payments Platform, will be conveniently located in high traffic areas such as malls, transportation terminals, groceries, central business districts, and tourist spots.
- Expanded Deposit Locations: On top of the 1,400+ free deposit and withdrawal locations within the Robinsons Retail store network, GoTyme Bank will also enable customers to cash in over the counter at any 7-Eleven store in more than 3,800 locations nationwide.
- Scan to Pay/QR Payment Features - GoTyme Bank will enable customers to generate a personal QR code, making it easier to send and receive money when on the go.
- More Go Rewards Points at Cebu Pacific and Caltex - Customers who book with Cebu Pacific using their GoTyme Bank Visa Debit Card can earn up to 1 Go Rewards point with every P20 spent. They can also earn boosted points at Caltex when they use their card to pay for gas.
- More Reasons to Earn Go Rewards Points – In the next few months, customers will be able to use their Go Rewards points to pay for load, mobile data, gaming credits, and credit card bills. Currently, users earn 3X Go Rewards points in any Robinsons Retail store and earn 1 Go Rewards point for every P600 spent everywhere else.
- One of the Best Debit Cards for International Travel – GoTyme Bank users can enjoy lower conversion fees and better foreign exchange rates when they use their GoTyme Bank Visa Debit Card. They can also withdraw from international ATMs at no extra charge, as well as use their card to shop virtually anywhere abroad, earning Go Rewards points while doing so.
Commenting on the newly launched products and features of the country’s fastest-growing digital bank, GoTyme Bank co-CEO Albert Tinio shared, “We, at GoTyme Bank, are here to revolutionize banking like you’ve never seen before. We're amplifying our product line-up to offer you even more ways to securely grow your money, in line with our mission of delivering a full suite of banking services.”
For more information on GoTyme Bank, visit gotyme.com.ph. Follow @gotymebank on social media for the latest news and promos.
