GoTyme Bank has reached a significant milestone, garnering 5 million users in just two years since its launch. This achievement highlights the bank’s mission to provide accessible and innovative financial solutions that empower Filipinos to unlock their financial potential. To celebrate this success, GoTyme Bank is bringing back its highly popular 5% annual savings rate as a limited-time offer from 01 January 2025 to 28 February 2025. This promotion comes with no conditions or limits, ensuring a straightforward and rewarding savings experience for all users.
The bank’s rapid growth is rooted in its customer-centric approach, which has redefined banking in the Philippines. Opening a GoTyme Bank account is a seamless process, taking less than five minutes via the GoTyme Bank app or at kiosks in over 500 locations nationwide. The app itself is designed with an intuitive interface, making navigation easy and appealing to users of all ages. In addition, GoTyme Bank provides innovative services such as Mobile Check Deposit and free ATM withdrawals abroad, along with three free weekly Instapay transfers. For added convenience, customers can deposit and withdraw cash at over 5,000 Robinsons Retail stores and 7-Eleven branches nationwide. The bank also rewards users for their transactions, allowing them to earn Go Rewards points when spending or saving through the app or the GoTyme Bank Visa Debit Card.
As it enters 2025, GoTyme Bank is set to launch new features that further enhance its services. Among these is a Buy Now, Pay Later (BNPL) product that will allow users to make purchases and pay in low-fee installments, providing greater financial flexibility. The bank also plans to introduce cryptocurrency trading within the app, enabling users to buy, hold, and sell digital assets. International remittances via SWIFT will soon be available, offering a convenient way for customers to send and receive money globally. To expand accessibility, GoTyme Bank will roll out cash recycler machines, allowing both GoTyme and non-GoTyme account holders to deposit and withdraw cash at the same machine.
Nate Clarke, CEO of GoTyme Bank, expressed gratitude for the support of their growing user base, stating, “Reaching 5 million customers in under two years is a testament to the trust that Filipinos have placed in GoTyme Bank. We are both humbled and inspired by the support of our customers. Looking ahead to 2025, we plan to further accelerate growth with the aim of making banking beautiful for over 9 million customers by the end of the year.” Co-CEO Albert Tinio emphasized the bank’s commitment to unlocking the financial potential of its customers, particularly with the introduction of credit products like BNPL.
GoTyme Bank’s remarkable growth and dedication to innovation have solidified its position as the fastest-growing bank in the Philippines. As it ventures into its third year, the bank remains committed to transforming the financial landscape with user-focused solutions.