Maya Bank review
A mobile bank combining savings goals, deposits, cards, and local transfers.
Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
Maya Bank is a Philippine digital bank for consumers and businesses, with accounts and related services accessed through the Maya app. Its offerings include personal and business deposits, savings goals, time deposits, credit products, and a Maya card for purchases and ATM withdrawals. For people who want savings tools alongside local payments, it brings several everyday banking functions into one mobile product. It is also relevant to solo operators and small businesses seeking a business deposit account alongside personal banking.
Savings is a central part of the offer. Maya Savings has a 3% p.a. base rate, with interest boosts of up to 15% p.a. when qualifying conditions are met; the boosts should not be treated as an unconditional rate, and rates can change. Personal Goal accounts provide a way to organize savings, while Time Deposit Plus accounts add a time-deposit option. Deposit accounts have no maintaining balance, and deposits may come from a Maya Wallet or external bank accounts. Eligible deposits are insured by the PDIC up to ₱1 million per depositor, and Maya Bank is supervised by the Bangko Sentral ng Pilipinas.
For transfers, Maya supports PESONet and InstaPay to other banks and e-wallets, with listed connections including BPI, BDO, UnionBank, GCash, and ShopeePay. Cash-in is available through over-the-counter channels, though monthly free limits apply. The Maya card adds purchase and ATM withdrawal access. These features make the product a fit for Philippine users who value goal-based savings and local transfer options, as well as small businesses needing deposits. The main trade-off is that the advertised top savings rate depends on qualifying boosts; users who need a rate that does not rely on conditions, or banking access outside the mobile apps, may prefer another option.
Maya Bank pros and cons
- Where it wins
- Offers personal and business deposit accounts, plus Time Deposit Plus.
- Personal Goal accounts help organize savings goals.
- Supports transfers through PESONet and InstaPay.
- Where it doesn't
- Savings boosts depend on qualifying conditions.
- Savings rates can change.
- The product is available through mobile apps for iOS and Android.
Maya Bank fact sheet, pricing and score →
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