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September 24, 2023

GoTyme Bank reaches 1 million customers in less than a year

GoTyme Bank, which combines digital technology with personalized services, has achieved a remarkable milestone by gaining 1 million customers in under a year, thanks to its trusted brand partnerships and innovative offerings.

The bank offers a 5% interest rate on savings accounts without minimum balances or mandatory deposits, along with simple, secure, and sustainable banking experiences.

Customers can open accounts with a valid ID and a deposit as low as P50, receiving their GoTyme Bank Visa debit card instantly, and all deposits up to P500,000 are insured by the Philippine Deposit and Insurance Corp.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

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