Tonik review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Tonik suits people in the Philippines who want an everyday account that costs nothing to keep and still pays a variable rate on the balance. The monthly fee is PHP 0 and the minimum deposit is PHP 0, so opening the account and holding it costs nothing.
Key facts
- Best for
- An everyday account that costs nothing to hold, pays a variable rate and keeps money available on demand.
- Monthly fee
- ₱0↗
- Currency conversion fee
- 2%↗
- Free ATM withdrawals
- ₱0↗
- Transfer fee
- PHP 8.00 per cash-out via InstaPay or PESONet; free transfer to another Tonik Account↗
- Legal entity
- Tonik Digital Bank Inc.↗
- Headquarters
- Philippines↗
- Founded
- 2020↗
- Support channels
- Email, Phone, Chat, Help-centre, Community↗
- Pricing model
- No monthly fee
- Features
- Free ATM withdrawals, Digital-only
- Official website
- tonikbank.com
Savings
- Headline rate
- 1%↗
- Rate type
- Variable↗
- Minimum deposit
- ₱0↗
- Access terms
- No minimum balance and on-demand access 24/7 through the Tonik App↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 7 sources
Apps and profiles
- Get the app
- Google Play
Pros and cons
Pros
- Opening and keeping the account is free: a monthly fee of PHP 0 and a minimum deposit of PHP 0.
- On-demand access through the Tonik App with no minimum balance to maintain.
- Free cash machine withdrawals, with an allowance of PHP 0 on the card.
- Support runs on email, phone and chat, from email and phone to chat and a help centre.
Cons
- A currency conversion fee of 2% places Tonik at 214 of 312 on that measure.
- The transfer fee applies to every cash-out through InstaPay or PESONet, though a transfer to another Tonik account is free.
- A headline rate of 1% on a variable basis is well under 3.25% in this comparison.
Who it suits
- People in the Philippines who want an everyday account that costs nothing to hold and pays a variable rate.
- Savers who want access to their balance whenever it is needed rather than a term commitment.
- Customers who are comfortable running everything through the Tonik App, since the card is listed as digital-only in free atm and digital only.
Who should look elsewhere
- Readers who budget in euros: Crezu ES lists its monthly fee of €0 in euros, while Tonik's fee is in Philippine pesos.
- Readers who budget in dollars: Varo Visa Debit Card lists its monthly fee of $0 in dollars, while Tonik's fee is in Philippine pesos.
Rates and terms
Tonik pays a headline rate of 1% on deposits, and the rate type is variable. A variable rate is set by the bank, so the interest credited can be revised rather than being locked for a set term. That suits an easy-access account: nothing needs to be placed for a period to earn it, and the money stays available whenever it is wanted. Check the published rate before adding funds, because the bank decides it.
How Tonik compares
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Where Tonik is available
- Available
- Philippines
- Licence in Philippines
- Bangko Sentral ng Pilipinas, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to keep a Tonik account?+
There is a monthly fee of PHP 0 on the account, listed under no monthly fee. Nothing is needed to open it either, since the minimum deposit is PHP 0 and the access terms set no minimum balance. The costs that do apply sit on card and transfer activity rather than on holding the account.
What rate do I earn on the balance?+
Tonik pays a headline rate of 1% on deposits, and the rate type is variable. That means the rate is set by the bank rather than fixed for a term, so the interest shown is the interest paid until it is revised. Nothing needs to be locked away to earn it.
Who regulates Tonik in the Philippines?+
Tonik is a digital bank: the legal entity behind the app is Tonik Digital Bank Inc., licensed by Bangko Sentral ng Pilipinas in the Philippines. The account is a bank account rather than a prepaid balance, so the money is held at the bank itself, and deposits are reachable on demand through the Tonik App.
Can I take cash out at ATMs?+
The card is set up for free cash machine withdrawals, with an ATM allowance of PHP 0. It is listed under free atm and digital only, alongside digital-only, so the card is managed from the Tonik App rather than a branch counter. Moving money out to other banks or through a domestic transfer route is where charges can appear.
What does it cost to move money out of the account?+
Cash-outs through InstaPay or PESONet are charged a fee for each transaction, while a transfer to another Tonik account is free. The account is an easy access account, so the money is there on demand through the Tonik App whenever it is needed. The current cash-out charge is worth confirming in the fee schedule.
What happens when I spend the card in another currency?+
The card charges a currency conversion fee of 2% on those transactions, which sits above the typical figure across the accounts compared here, 0.5%. Spending in Philippine pesos works as normal, but purchases priced in another currency cost more through that rate.
How do I get help if something goes wrong?+
Support runs on email, phone and chat, so you can reach Tonik by email, phone or live chat, browse the help centre, or post in the community. Tonik is headquartered in the Philippines (PH) and most everyday tasks are handled inside the Tonik App, so the app is the main route for day to day banking.
Sources
- tonikbank.com checked September 26, 2026
Backs: Founded
“(c) 2020 Tonik Digital Bank, Inc.”
- tonikbank.com/about-us checked September 26, 2026
Backs: Headquarters, Legal entity
“Philippines - Unit 605B, 6/F West Wing, The Offices at Estancia, 1605 Meralco Ave, Pasig City”
- tonikbank.com/deposit-interest-rates checked September 26, 2026
Backs: Headline rate
“Tonik Account - Balance End of Day Balance - Rate (per annum) 1.00%”
- tonikbank.com/faq/accounts checked September 26, 2026
Backs: Access terms, Minimum deposit, Rate type
“No, there isn't a minimum balance to earn interest.”
- tonikbank.com/faq/cards checked September 26, 2026
Backs: Free ATM withdrawals, Currency conversion fee, Support channels
“Tonik does not charge a withdrawal fee. However, the banks that own the ATMs may charge fees of up to PHP 250 for using their ATMs.”
- tonikbank.com/fees-and-charges checked September 26, 2026
Backs: Pricing model, Monthly fee
“Monthly account maintenance charge - waived”
- tonikbank.com/savings-cards/debit-card checked September 26, 2026
Backs: Features
“ATM Fees - Tonik Debit Card: ATM Withdrawal FREE*”
- tonikbank.com/savings-cards/tonik-account checked September 26, 2026
Backs: Account kind, Transfer fee
“Your Tonik Account is your main account. It'll give you the satisfaction of also having 5 Stashes and 5 Time Deposit accounts within the Tonik App.”
- bsp.gov.ph checked September 26, 2026
Backs: Licences
Compiled from 9 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currencies.
Related by the facts
Tonik
An everyday account that costs nothing to hold, pays a variable rate and keeps money available on demand.