What is DiskarTech and How to Earn Using This App?

Do you have a bank account? You probably think that’s a silly question. But check out what the Bangko Sentral ng Pilipinas (BSP) found in their Financial Inclusion Survey: 44% of Filipinos still don’t have bank accounts.^[1] Good thing digital banks have started to fill the gap in a major way thanks to smartphone apps, the latest of which is the DiskarTech app.

Rizal Commercial Banking Corporation (RCBC) threw its hat in the ring of emerging digital banks in the Philippines with its latest launch. DiskarTech aims to add another viable option for unbanked Filipinos to finally start getting their finances together.

How does the newcomer app work? How to earn using the DiskarTech app?  Let this extensive DiskarTech guide show you the ropes.

What is DiskarTech?

RCBC touted DiskarTech as the first Taglish financial inclusion “super app” in the Philippines. Launched in July 2020, the app aims to make banking services more accessible to unbanked Filipinos nationwide, especially those who live in grassroots communities. With only a few requirements and a stable internet connection, users can open a bank account in just a few clicks.

RCBC chair Helen Yuchengco-Dee explained the inspiration behind DiskarTech during its virtual launch.^[2] “The change brought about by this new normal has challenged us to be even more relevant as we move forward in this new way of banking. DiskarTech will be our legacy to the young and tech-savvy Filipinos,” she said.

Related Articles: 

• The Pros and Cons of Fully Digital Banking in the Philippines
• How Digital Banking Can Help You Today: Top Questions Answered by Experts

What Can I Do with DiskarTech?

DiskarTech allows you to do more than just open a bank account. Here are just some of the things you can do with the new “super app.”

• Grow your savings. With an interest rate of 3.25% per annum, you’ll be able to grow your money just by keeping it safe in your DiskarTech account.
• Pay your monthly bills. DiskarTech allows you to settle your bills with hundreds of billers nationwide.
• Buy insurance plans. Through the app, you can also buy insurance products to help protect you financially against unforeseen events.
• Avail of telemedicine services. DiskarTech makes it easy for users to avail of medical services without breaking the bank. And it’s all a few clicks away.
• Buy prepaid load. Load up your smartphone for all your internet needs. It's perfect for online classes and work-from-home setups.
• Earn money via referral. Wondering how to earn using DiskarTech? Tell all your friends and earn money with each successful referral!

How to Open an Account with DiskarTech

Opening a DiskarTech account is easy. As long as you’re a Filipino above 18 years old, you're eligible to use the super app. Plus, no minimum deposit or maintaining balance is required. Just prepare any of the following accepted valid IDs:

• Passport
• Driver’s License
• UMID
• Postal ID
• SSS ID
• PRC ID
• Voter's ID

Once you’re set, here's how to create an account with DiskarTech.

1. Download the DiskarTech app from App Store or Google Play.
2. Provide a unique username for your account.
3. Provide the referral code if you were referred by a friend. If you don’t have one, skip this step.
4. Enter your phone number and wait for your One-Time Password (OTP).
5. Enter a strong password to protect your account.
6. Choose to activate the fingerprint login or skip it.
7. You can also set a goal or save it for another time.

How to Verify Your DiskarTech Account

1. Once you’re done, verify your account by tapping I-verify ang DiskarTech account.
2. Provide your personal information, address, and additional details.
3. Tap Susunod to the terms and conditions to continue.
4. Choose the valid ID you’re going to use and tap Go, Ituloy na!
5. Follow the on-screen instructions when taking a picture of your valid ID and taking a selfie.
6. Wait a few minutes for your account to be verified.

How to Recover Your DiskarTech Account

Forgot your username and password? Here's how to recover your account:

1. On the log-in screen, click Nakalimutan ang password/nickname?
2. Provide the requested details.
3. Click I-retrieve ang username ko.
4. Enter the OTP.
5. Wait to receive your username.

How to Earn Using DiskarTech App

DiskarTech is considered a high-interest savings account, a standard for most digital banks. As mentioned, DiskarTech's interest rate is at 3.25% per annum. As a comparison, here’s how your savings can grow with a DiskarTech savings account vs. a regular savings account.

• Regular Savings Account
  • ₱20,000 x 0.25% = ₱50
  • ₱50 – 20% (tax) = ₱40 per year
• DiskarTech Savings Account
  • ₱20,000 x 3.25% = ₱650
  • ₱800 – 20% (tax) = ₱520 per year

Read more: What are Bank Interest Rates and Why Do They Matter?

How to Join the NegosyanTech Referral Program

You can also earn more money by referring your family and friends to use the DiskarTech app. With the NegosyanTech Referral Program, both you and the people you refer will receive incentives credited straight to your DiskarTech accounts. For every successful referral, you get ₱30 and the person you referred gets ₱10.

To get started, you need to access your NegosyanTech code. Anyone with a DiskarTech account has a unique code to use for the referral program. Just follow these simple steps:

1. From the DiskarTech dashboard, tap Account at the lower right corner.
2. Tap Mag-invite ng friends sa DiskarTech.
3. You’ll find your referral code from there. Tap Copy Code and share it with your friends.
4. You can also tap the Mag-invite na ng friends button to make it easier to message everyone.

How Does DiskarTech Cash-In Work?

After verification, you can now deposit funds to your new DiskarTech savings account. You can deposit a minimum of ₱200 per transaction. Meanwhile, the DiskarTech maximum deposit is ₱25,000 per transaction.

Also, you can only deposit twice a day. Cut-off time for deposits starts at 9 p.m. and ends at 5 a.m. the next day.

1. From the DiskarTech dashboard, tap Deposit.
2. Choose a partner establishment and tap their logo.
3. Enter the amount you want to deposit. Note that additional fees may apply.
4. You will be presented with a reference number or barcode.
5. Head to your chosen establishment, present your reference number or barcode and pay.
6. Wait for the confirmation text that your deposit has been processed.

How to Deposit Money Through Partner Merchants

While DiskarTech is powered by RCBC, note that you can’t deposit funds to your DiskarTech account at RCBC branches for the time being. But don’t fret, you can instead deposit your cash through the following partner establishments:

• 7-Eleven 
• Bayad Center outlets
• CVM Pawnshop
• ECPay merchants
• Gaisano Capital
• H Lhuillier Pawnshop
• RD Pawnshop
• Tambunting Pawnshop
• eBiz

How to Deposit Money Through Bank Accounts/Mobile Wallets

1. From your banking app, head to the transfer feature.
2. Choose RCBC or RCBC/DiskarTech from the list of banks.
3. Enter the DiskarTech account number and other account details.

How to Withdraw Money from DiskarTech

It’s also easy to withdraw funds from your DiskarTech account. Thanks to its cardless ATM withdrawal feature, you can head down to any RCBC ATM and withdraw money from there.

1. From the DiskarTech dashboard, tap Withdraw.
2. Tap Free Cardless ATM Withdrawal.
3. Choose the amount you want to withdraw and tap Confirm.
4. An OTP and reference number will be generated and sent to your number. Note that the OTP will expire in 15 minutes.
5. Head to your nearest RCBC ATM and enter the reference number and OTP.

How to Transfer Money with DiskarTech

You can send money to other DiskarTech accounts, bank accounts, and mobile wallets in just a few taps. Follow these simple instructions for every type of account.

How to Transfer Money to Other DiskarTech Accounts

1. From the DiskarTech dashboard, tap Transfer.
2. Tap Sa ibang DiskarTech account.
3. Enter the account number, account name, and amount before tapping Susunod.
4. An OTP will be generated and sent to your number. Enter the OTP to verify the transfer.

How to Transfer Money to RCBC Accounts

1. From the DiskarTech dashboard, tap Transfer.
2. Tap Sa isang RCBC account.
3. Enter the account number, account name, and amount before tapping Susunod.
4. An OTP will be generated and sent to your number. Enter the OTP to verify the transfer.

How to Transfer Money to Other Bank Accounts

1. From the DiskarTech dashboard, tap Transfer.
2. Tap Sa iba pang bangko o mobile wallet.
3. Choose the bank or mobile wallet from the dropdown list.
4. Enter the account number, account name, and amount before tapping Susunod.
5. An OTP will be generated and sent to your number. Enter the OTP to verify the transfer.

Read more: RCBC Online Banking Guide to Manage Your Finances at Home

How to Use DiskarTech’s Helpful Features

DiskarTech is certainly earning its “super app” moniker, thanks to the useful features it has. From paying bills to buying insurance, here’s how you can maximize your DiskarTech app.

How to Pay Bills with DiskarTech

1. From the DiskarTech dashboard, tap Pay Bills.
2. Choose your biller or use the search bar to search for your biller.
3. Enter your biller information and the amount you need to pay before tapping Susunod.
4. An OTP will be generated and sent to your number. Enter the OTP to verify the transaction.

How to Buy Load with DiskarTech

1. From the DiskarTech dashboard, tap Buy Load.
2. Enter the mobile number you want to load up.
3. Choose the load denomination or promo you want to purchase and tap Confirm.
4. An OTP will be generated and sent to your number. Enter the OTP to verify the transaction.

How to Buy Insurance with DiskarTech

1. From the DiskarTech dashboard, tap “Insurance.”
2. Choose the insurance product from the following list:
• PanProtect COVID-19 Insurance
• Sari-Sari Store Insurance
• Dengue Cash 
• Commuters Personal Accident
• Ridesafe Personal Accident
• Super Personal Accident
3. After choosing, tap Avail na! and provide your occupation and beneficiary.
4. Confirm your details and tap Confirm.
5. An OTP will be generated and sent to your number. Enter the OTP to verify the transaction.
6. Your Certificate of Coverage (COC) will be sent to you via email within three to five business days.
7. To file a claim, visit the Malayan Insurance claims website.^[3]

How to Avail of Telemedicine Services with DiskarTech

1. From the DiskarTech dashboard, tap Telemedicine.
2. Tap the iDoc Basic Plan and read the coverage before tapping Avail na!
3. An OTP will be generated and sent to your number. Enter the OTP to verify the transaction.
4. Copy the iDoc code and click the link that leads to the iDoc website.
5. Sign up for an iDoc account.
6. An iDoc representative will call you to verify your account. State your iDoc code.
7. Start availing of telemedicine services from iDoc.

Read more: 

• Tonik Digital Bank: Your Guide to Neobanking in the Philippines
• CIMB Online Banking: Beginner’s Guide to Account Application and Using CIMB App

Final Thoughts

You've just learned how to earn using the DiskarTech app, how to cash in and transfer funds, and how to maximize its benefits. With all the features this super app brings to the table, you won't have any excuses to not open a bank account. And if you already have a bank account, there's no harm in opening another one for a specific goal.

The DiskarTech app^[4] just widened everyone’s horizons when it comes to finances. Grab the opportunities now—the choice is yours!

Sources:

• ^[1] Broadening the Philippines’ financial inclusion mission (BusinessWorld Online, 2022)
• ^[2] RCBC unveils financial inclusion ‘super app’ (Inquirer, 2020)
• ^[3] Malayan Insurance
• ^[4] DiskarTech - App Store | Google Play