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Seabank and Go Tyme Review

Napansin ko na maraming tumitingin ng tungkol sa savings bank na posts ko. Nilagay ko 'yon dito almost ten years ago and thanks, everyone, for continuously accessing them but we now have better options if we're talking about the interest that our money will gain while deposited. Unfortunately, I wasn't able to keep the two bank accounts that I wrote about before and stuck with BDO because there is a branch a few blocks away from home making it the most convenient Traditional bank for me at the moment.

Anyway, let me introduce to you two Digital Banks here in the Philippines that I am familiar with and currently using. I'd like to share what I think about them and my reasons for using them. These are additional banks that I use and I find each more suited to my needs and wants for a digital bank.

Seabank and Go Tyme Bank

*Madaling buksan pareho 'yung account, magdo-download ka lang nung application at maga-upload ng kopya ng ID mo.

*Parehong mataas 'yung interest rate. 4.50% P.A para sa Seabank at 5% P.A naman para sa GoTyme. Mataas na 'to kaya sabi ng iba, "SCAM! Kasi good to be true." pero fortunately, hindi 'to scam. These banks are both insured by the PDIC and regulated by BSP.

~~Compared to the earnings of the Money Market Fund that I held for six months last year~~ (looked at this again and realized that the fund yield was higher 🤣) and the Time Deposit Interest rates that I know of, the rates of these digital banks are competitive and higher, actually. There are other digital banks in the Philippines but I'm only familiar with these two so far.

Purchase your CVV Sticker here.

Let's start with Seabank.

Sa totoo niyan, kaya ko nagbukas nito last year kasi may binili ako sa Shopee tapos may nakasulat na may discount kapag papadaanin sa Seabank 'yung pera. Ako naman, syempre discount, nilagay ko rin. Hanggang sa makita ko 'tong araw-araw na pasok ng interest.

Ito 'yung main reason kung bakit ko napag desisyunan gamitin 'yung Seabank - nakakatuwa kasing makita na araw-araw may nagc-credit na interest sa pera mo. Maliit na bagay (Maliit pa sa ngayon pero sana eventually lumaki rin haha) pero at least kumikita ng mas maayos kesa sa traditional banks habang naka-park.

Hindi ko nga lang alam kung paano mag deposit dito kung may counter ba o ano pero nakapaglipat naman ako galing Gcash at BDO.

Ang magiging downside lang nito ay kawalan niya ng ATM card at the same time, okay lang dahil libre naman 'yung transfer to e-wallets at banks ng 15 times per week. So ang function nito para sa'kin, instead of parking my money sa Gcash and BDO, dito ko muna nilalagay tapos kapag may kailangan ako bayaran, nililipat ko na lang. Alam mo 'yon, kumita muna habang naghihintay. Malaking factor 'yung free transfers kaya choice ko 'to gamitin na "parking space" haha sana lang lagi may ipa-park.🙏😂

Sa traditional banks, hindi pa sapat 'yung 5,000 php para kitain yung kikitain ng 2,000 mo sa isang araw.

5,000 for the entire month

.26 - interest

.05 - tax witheld

5,000 earned .21 for a month, that's 3.12 for a year.

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Ngayon, with better options, 'yung P 2,000.00 mo ay magkakaroon na ng interest na P 72.00 per year. Naka-keep up ba 'to sa inflation rate? Hmm... 😏😀😂 By the way, traditional banks have their advantages and I still recommend maintaining accounts with them but this is not a post to talk about that.

Nga pala, kung gusto mo magbukas ng account, you can use my code: MG432984. You can deposit P 1,000 which you'd have to keep for three days and you'll receive a bonus interest of P 50.00. Not bad. Again, my code is: MG432984. Once you've signed up, you'll also receive a referral code which you can share with other people as well.

Go Tyme Bank

This is my newest, as in kahapon lang nagawa so apart from my reasons why and initial observation, medyo hindi pa ko familiar with this. Kaya okay din na 'yung group nito sa Facebook is very active (nag basa ako last night) in responding to queries and giving suggestions 'cause digital banks are fairly new and can get confusing, right?

So why?

1. May ATM card - Visa. Meaning you can use the card to withdraw or pay using it in all Visa terminals not only in the Philippines but around the world. At madali lang kunin, nag sign up ako through the app at na print 'yung card in less than 10 minutes.

2. Pwede siyang e-wallet and you can use the app to pay. Scan mo lang 'yung QRPh para makabayad.

3. MAY POINTS. I wish I knew sooner that the points are convertible to cash edi sana last year pa talaga ko nag open. HAHAHA. Para sa mga accredited shops and establishments (posted all the accredited partners below), 3x 'yung makukuha na GoRewards. Para sa ibang transactions naman, 1 point for every P 600.00 spend. Ito 'yung "rewards" ng credit card na I've always wanted sa debit accounts. 'Yung may points na babalik sa'yo kahit papaano. Kasi gagastusin mo rin naman talaga 'yung pera eh, mas okay na 'yung may points. 😂

4. 'Yung account mo rito, there's My Account and there's Go Save. The money deposited in My Account doesn't have interest. Kung sa mas familiar, think of it as Gcash or an e-wallet - same function. 'Yung laman nung wallet ay 'yung available funds mo.

Ngayon, para doon sa 5% P.A interest e kailangan mo mag open ng Go Save kung saan mo ililipat 'yung pera para mag simula siya makakuha ng interest.

Pwede kang mag bukas ng 5 GoSave accounts at pwede ka mag set doon ng target savings mo at target date para sa goal mo. Nice, noh? Walang holding period, walang transaction fee, pwede mo ilipat-lipat among your different Go Save accounts and between your Go Save and My Account.

Hindi kagaya sa Seabank, 'yung interest dito ay monthly nac-credit. Pero huwag ka mag-alala kung ihihiwalay mo sa lima 'yung pera kasi pareho lang naman magiging kakalabasan nung interest. Saka, less stress 'yung option na pwede mo ilipat sa dalawang magkaibang account 'yung pera kasi mga nasa Go Save ay safe lalo kung madalas mong gagamitin pang bayad 'yung ATM o 'yung My Account. To be sure lang para iwas fraud din.

5. Nung nag post ako dati kung paano kumuha ng Yen sa Narita Airport, gamit ko doon ay 'yung Mastercard Prepaid Card na galing sa PsBank (been using this since 2018) at tingin ko 'yung bayad na 500 Yen para sa withdrawal fee was acceptable pero nung nakakuha na ako at nakabasa ko ng ibang posts nung mga nakasubok na mag withdraw abroad, I learned that there's no International withdrawal charge for this card even for Japan and South Korea. 'Yung 711 machine lang ang may charge so that's gonna be 220 Yen per withdrawal. NANI?! HAHAHAHA. I've learned about this bank in October when I was reading about Hong Kong tips and they were saying the same thing. Wala nga raw withdrawal charge pero hindi ko pinansin masyado 'yung benefits 'cause I have a Prepaid Card that I use abroad at hindi naman ako lagi nagwi-withdraw at laging nasa abroad kaya hindi na ko nagpagawa kung ito lang 'yung purpose.

Tokyo, Japan: Arrival in Narita Airport (Sim, Where to Withdraw, Skytrain to UENO)

Update ko na lang ulit kapag nakita ko na 'yung next 711 Japan withdrawal slip.

A few months later, meron na nga ko and it's a good thing that I opened this impulsively. I read about this digital bank more and I'm satisfied with it. Walang maintaining balance, madali lang mag deposit at mag withdraw sa partner establishments pati transfer, walang bayad 'yung ATM card, walang bayad 'yung three transfers every week, at mataas 'yung interest rate.

6. Para mag deposit and withdrawal, kinuha ko lang 'to sa website nila: Deposit for FREE in any of our partner Robinsons Retail merchants! Find a branch of these stores nearest you via the GoTyme Bank app. You may also deposit to your GoTyme Bank account by moving money from your other bank accounts via PESONet and Instapay.

Purchase your CVV Sticker here.

Wala kong referral code para sa GoTyme pero go, download na. 😂

Update ko na lang soon. If you have questions or corrections, you can comment below.

Again, like what I've always hoped for and have written in my past finance posts, my prayers and wish para sa'tin is a comfortable life - may kasamang pera na siksik, liglig, at umaapaw. hehe

Everything, in time. 💖

Personal Instagram | Travelling Through Food | Denden's Baking Room

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Just wanted to share a "discovery" I had last November when we went to Hong Kong. So I've been drinking green tea and matcha for as long as I can remember. I loved dining in Genki Sushi because of their complimentary "unilimited matcha powder" but I never took the time to research about it. All along, I thought that since it's powdered then it should be a lower class matcha powder.

Take note that this might be a common knowledge to some but this was news to me last year.

Genki Sushi, UPTC

Japan 2019: Uobei Sushi in Yodobashi Hakata, Fukuoka (I think this is closed already.)

This is the one I'm talking about. I looked it up and according to their website, it's definitely green tea powder from Kagoshima.

Mukha kasi siya 'yung ibang matcha powder na nabibili rito sa'tin sa Manila, diba?

Anyway,

I felt so dehydrated during our summer Japan trip and that cold green tea felt like a savior every night.

This became our favorite dinner place when we went to Japan last year. Notice the cold service green tea pitcher that was far from where I was seated. I kept refilling during the meal until the server noticed that I stood up quite a couple of times so he then placed the refilled pitcher in front of me.

It has always been placed in front of me during the next nights. Arigatou! HAHAHAHA. Nakakahiya ng slight. HAHAHAHA

Personally, I find it mild but for my friend who doesn't like drinking teas, she told me that it's a bit potent for me to call it mild. Idk 🙊🙊

During the nights that we dined it there, I always found myself wondering what it was then somehow concluded that it's cold-brewed green tea because I was unaware of the existence of green tea powders.

When I saw the Cold Brew Green Tea bag in Donki (right), I thought that I've solved the problem until I had to spend a lot of time trying to brew the bags and still didn't taste like those drinks I had in Japan.

I know that brewing green tea takes time and I would love to attend a proper tea ceremony (led by Minghao hahaha!) someday but for now especially for those times when I'm rushing, I've been good with instant green tea bags.

Seventeen's Follow to Bulacan

The problem remained unsolved until Don Don Donki in Hong Kong happened and I chanced upon these three Jonetz Powder.

May green tea powder pala?! Would've solved this immediately if I Googled, right? May green tea powder pala! You can taste the difference of green tea powder and matcha powder at once but I never really paid attention until last November.