GoTyme Bank further secures customer confidence, expands banking product line

GoTyme Bank celebrates early success, starts the year unveiling GoTyme Bank ATM and US Dollar Time Deposit

GoTyme Bank opens 2024 with exciting new products and features that further strengthens 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.

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The award-winning bank—hailed for user experience, security, and customer service—has always prided itself on being provided a viable alternative to traditional banks for those customers who are seeking an elegant 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 1000+ bank ambassadors (found in The Marketplace, Robinsons Supermarkets and malls, and select office buildings) to help you sign up, issue you our leading Visa debit card for free, and assist you with any questions. 

GoTyme Bank is now expanding its suite of products to further strengthen the case for customers to switch to the country’s fastest growing bank:

• Multi-Currency Time Deposit starting with US Dollar – GoTyme Bank is one of the first digital banks in the industry to introduce a multi-currency time deposit product, starting with the US dollar. In the next two months, customers can 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 BSP policies and current economic conditions and its policies. It 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, as well as a safety feature, Go Save, that keeps 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, starting March 2024, GoTyme Bank will expand its physical network by integrating ATM services into its digital banking platform. Users can expect the co-branded ATMs, powered by Euronet’s Ren Payments Platform, to be strategically located in high traffic areas such as malls, transportation terminals, groceries, central business districts (CBDs), and tourist spots.
  • Expanded Deposit points: On top of the 1,400+ free deposit and withdrawal points within Robinsons retail stores, GoTyme Bank will also enable customers to cash in over the counter at any 7-Eleven store across more than 3,800 locations nationwide.
• Scan to Pay/QR Payment Features – GoTyme Bank will enable customers to generate their 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 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 GoRewards points to pay for load, mobile data, gaming credits, and credit card bills. Currently, users earn 3X GoRewards 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 say goodbye to high conversion fees with lower foreign exchange rates when they use their GoTyme Bank Visa Debit Card. They can also withdraw from international ATMs with no extra charge. Moreover, they can use their card to shop virtually anywhere abroad and earn Go Rewards points while doing so.

GoTyme Bank CEO Nate Clarke says, “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.”

GoTyme Bank co-CEO Albert Tinio adds, “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.”

With a comprehensive suite of everyday banking products, GoTyme Bank offers anyone who is frustrated by the status quo an upgrade to simple, beautiful banking.