15 Mobile Banking Apps to Manage Your Accounts Better
Published: October 7, 2020 | Updated: December 22, 2020 | Posted by: Ricky Publico | Personal Finance
Banking has never been this convenient, thanks to the invention of smartphones and the internet. These days, you don’t need to head down to your bank’s nearest branch to do your banking. You can just open your mobile banking apps and handle your transactions from there. But the question now is this: which mobile banking app or online banking website is best for you?
Because naturally, you would choose the online banking option from your bank of choice. But not all mobile banking apps are the same. Some provide better user experience while others are struggling to get there. You might even consider opening an account for a bank with a great mobile banking app. So to give you an idea, here’s a list of mobile banking apps in the Philippines.
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Mobile Banking vs. Online Banking
Mobile banking and online banking are often interchangeable, but there’s a distinct difference between them. It mostly lies on what device and platform you’re using to do your banking.
Mobile banking involves doing your transactions using a smartphone app. Before apps became the new norm, some banks offered SMS-based mobile banking where users do their banking through text prompts or texting specific commands to the bank’s SMS banking line.
Meanwhile, online banking involves using a bank’s website through a web browser. In theory, you could use your phone’s browser to access a bank’s website, but online banking is easier to access with your desktop. It’s a good backup for when mobile banking apps aren’t working right.
Mobile Banking vs. Digital Banking
Mobile banking has also become synonymous with digital banking, but the difference between the two are far more distinct. While mobile banking acts as a supplement to traditional banking, digital banking allows for more flexibility and convenience.
While mobile banking apps have convenient banking features, you can’t do all possible transactions from the app itself. For example, If you want to open a bank account, you still have to go to the nearest branch and apply from there.
On the other hand, digital banking allows you to do the entire banking process at the comfort of your home. You can open an account, submit requirements, and make your first deposit through digital banking apps. No need to go to the bank and wait in line for hours.
Plus, digital banks offer more incentives like high interest rates for deposits, lower banking fees, and reward points, among others. Mobile banking apps are typically stuck with what the traditional bank is currently offering.
Mobile Banking Apps in the Philippines
AUB Online Banking
Asia United Bank’s mobile banking app didn’t hold back when it came to innovating their services. Its most notable feature is CASHelp multipurpose loan that you can apply for in the app. The AUB app is also a great credit card companion if you own any AUB credit card. Easily manage your reward points and air miles, as well as convert points to rewards or redeem free travel credits.
AUB Online Banking Key Features
- Apply for salary loans through the app
- Manage your credit card rewards and air miles
- Send and monitor remittances and payments
- Encode transaction details with virtual teller
BDO Online and Digital Banking
Since most banks operate in a reduced weekday banking hours, it’s best to do your banking online through platforms like BDO Online for desktops and BDO Digital Banking for smartphones. The BDO Digital app packs a set of useful features like sending and receiving funds via QR code and fingerprint login. You can always run back to the BDO desktop version if the app isn’t working.
BDO Online and Digital Banking Key Features
- Send money or transfer funds via QR code
- Transfer funds via email or contacts
- Secure your BDO app with a fingerprint login
- Pay your bills and buy prepaid load
Read more: BDO Online Banking: How to Send Money and Pay Bills from Home
BPI Online
Formerly known as BPI Express Online Banking, the BPI Online website and app received a major refresh in 2019. In doing so, BPI improved their online banking efforts as evidenced by the 25% increase in online transactions within the first two weeks of quarantine[1]. The enhanced UI and the improved online security makes BPI Online one of the top mobile banking apps out there.
BPI Online Key Features
- Enhanced UI allows for seamless transactions
- Verify transactions via fingerprint or face unlock
- Set and adjust limits for your credit and debit cards
- Send and receive money via a personalized QR code
Read more: BPI Online Banking Guide: How to Register, Send Money, Pay Bills, and More
China Bank Online and Mobile
China Bank Online contains a roster of features, including a home and auto loan application portal and a robust remittance feature. But compared to other mobile banking apps on this list, China Bank Mobile app is a work in progress. If you have a China Bank account, consider downloading the app for basic transactions and accessing China Bank online for more complex transactions.
China Bank Online and Mobile Key Features
- Access to emergency cash feature
- Real-time account monitoring
- Transfer money to other accounts or banks
- Pay your bills via one-click payments
Citibank PH
If you own any Citibank credit card, the Citibank PH app is the best companion. Aside from the most basic banking transactions, you can use the Citi app to manage your bank account and credit cards. Monitor your rewards points and air miles in just a few taps. You can also avail installment plans from Citibank through the app, as well as switch up to eight currencies in a few taps.
Citibank PH Key Features
- Seamlessly manage your credit and debit cards
- Manage your rewards points and air miles
- Smart switching of up to eight currencies
- Transfer funds and pay your bills
EastWest Online and Mobile
Another newcomer to the mobile banking scene, the EastWest Mobile app offers basic banking features that are still beneficial to EastWest clients. For more features, use the desktop-based EastWest Online and manage your account from there. More app features are in the works so you should just download the app and experience the new features as they come.
EastWest Mobile Key Features
- Easily send money to other accounts or banks
- Manage your account and beneficiaries
- In-app OTP generator for easier verification
- Pay your bills from over 100 billers nationwide
HSBC Mobile Banking
One benefit of downloading the HSBC Mobile Banking app is making international banking a lot easier. You can transfer funds to your bank account here or abroad. And if you have an HSBC credit card, the HSBC app will allow you to manage your rewards and air miles seamlessly. Thanks to its Secure Key feature, no one other than you can login to your app even if you lose your phone.
HSBC Mobile Banking Key Features
- Send money nationwide or worldwide
- Get real-time foreign currency exchange rates
- Pay bills online and earn reward points
- Secure Key prevents unauthorized app logins
Landbank Mobile Banking
With an average app rating of 3.8 stars out of 5, Landbank Mobile is one of the highest-rated mobile banking apps out there. It’s hard to argue with user ratings when the app has a user-friendly interface and reassuring security features. And if you are into investing, the Landbank app will give you the latest updates on Forex and Unit Investment Trust Fund rates in real-time.
Landbank Mobile Banking Key Features
- Manage Landbank accounts and cash cards
- Perform lock/unlock functions via Mobilock module
- View forex rates and Unit Investment Trust Fund rates
- Pay your bills to over 80 billers nationwide
Metrobank Direct
With an average mobile app rating of 3.7 stars out of 5, there’s a reason why Metrobank Direct Mobile is among the popular mobile banking apps. Aside from the basic banking features, Metrobank Direct has a built-in car and home loan calculator. The Metrobank app brings you the latest foreign exchange rates, as well as the latest in financial markets and banking news.
Metrobank Mobile Banking Key Features
- Activate credit and debit card via app
- Secure fingerprint login and OTP generator
- Pay bills from over 100 billers nationwide
- In-app car and home loan calculator
Read more: Metrobank Direct Online: Everything You Need to Know
PNB Internet and Mobile Banking
If you’re looking for a capable desktop and mobile banking platform, consider opening a PNB account. Both PNB Internet and Mobile pack banking features that are both convenient and easy to use. For instance, the PNB Mobile app allows you to transfer money from anywhere in the country, manage your credit and debit cards, and monitor your UITF portfolio from wherever you are.
PNB Internet Mobile Banking Key Features
- Transfer money to other accounts or banks
- Send money nationwide using their phone number
- Manage your PNB credit and debit cards
- Monitor and manage your investment portfolio
Read more: PNB Online Banking Guide to Balance Check, Sending Money, Paying Bills and More
PSBank Mobile
PSBank also gave their mobile app a major refresh, complete with new convenient and secure features. Now on version 4.0, PSBank Mobile boasts features like check deposits, in-app OTP generator, locking and unlocking your credit and debit cards, and real-time accounts monitoring. In case you need to withdraw at an ATM, use your app to activate cardless withdrawal.
PSBank Mobile Key Features
- Deposit checks simply by scanning
- Generate in-app OTP for faster verification
- Activate cardless ATM withdrawal
- Block usage of lost or stolen cards
RCBC Online Banking
The RCBC Online Banking app has been receiving rave reviews recently, receiving an average app rating of 4.1 stars out of 5. And for good reason: just look at the plethora of advanced banking features. It has a QR generator for fund transfers, an in-app analyzer to track your expenses, and a Convert to Installment feature where you can avail an installment plan for your purchases.
RCBC Online Banking Key Features
- Send money via personalized QR generator
- Deposit money by scanning physical checks
- Convert your expenses to easy installments
- In-app spend analyzer to track your expenses
Read more: RCBC Online Banking Guide to Manage Your Finances at Home
Security Bank Online
Security Bank Online is another example of online security done right. It allows users to lock and unlock the Security Bank mobile app using fingerprint login or face ID. Fund transfer is also a breeze thanks to the app’s fast UI and its free-of-charge service. As for the desktop version, use it to activate the mobile app and add different types of bank accounts for easy access in the app.
Security Bank Mobile Key Features
- No additional fees for fund transfers
- Secure your app via fingerprint and face ID
- Automate your monthly bills payment
- Lock and unlock your ATM card
Read more: Security Bank Online Guide for Hassle-Free Banking at Home
UCPB Connect
Now on its second version, the UCPB Connect app provides another good option for mobile banking apps in the Philippines. Basic banking transactions are no sweat for the UCPB app. Transfer funds to other accounts or banks in real-time and with no cut-off time. You can also pay bills and buy prepaid load for as low as PHP 15. All transactions are logged in the app for easy access.
UCPB Connect Key Features
- 24/7 real-time transfer to other banks
- Pay your utility, credit card and other bills
- Buy prepaid load for as low as PHP 15
- Manage your transactions log in the app
UnionBank Online
UnionBank holds a reputation as an innovator when it comes to digital banking[2]. As the first bank to launch a fully digital branch in the country, their mobile banking app is ahead of its counterparts. It’s best feature is opening an account through the app—no need to go to a UnionBank branch to process the application. Just fill up the forms, send the requirements, and you’re golden.
UnionBank Online Key Features
- Open a bank account through the app
- Deposit checks via the in-app check scanner
- Easily transfer funds via QR code and pay bills
- Manage credit card points and rewards
Which is the Best App for Mobile Banking?
If you’re looking for the best mobile banking app for your needs, the logical thing to do is download your bank’s official app, regardless of whether or not the app itself is good.
But if you’re using mobile banking apps as a basis for choosing your next bank, you should look at opening a bank account from UnionBank, RCBC, BPI, and Landbank.
The case for choosing UnionBank is easy. All you need to do is download the UnionBank app and open a bank account from there. Plus, it’s modernized and user-friendly UI gives it a more trustworthy feel. That’s an important factor when you’re looking for a place to keep your savings.
For the RCBC Online Banking app, it currently has the top app rating average at 4.1 stars out of 5. That’s a good indicator that the app is good enough to handle your day-to-day transactions.
For Landbank and BPI, both have improved on their app’s user experience. By making their app more responsive and reliable, both banks were able to convince more users to try online banking.
Read more: Best Budget Apps to Download
Final Thoughts
Mobile banking apps are here to stay, along with other advancements that will surely come in the future. So as early as now, you should start to familiarize yourself with the options you have. Consider mobile banking apps as a factor when opening a bank account. Ideally, you would choose to put your eggs in a basket that can let you do so with just a few taps and swipes.
Sources:
- [1] Filipinos shift to e-payments, online banking amid lockdown (BusinessWorld, 2020)
- [2] UnionBank is first PH universal bank with real-time digital account opening (Dot Daily Dose, 2020)
Ricky is the zaniest Senior Content Writer at Moneymax, with over five years of writing experience in the digital marketing industry. He is a huge fan of pro wrestling, smartphones, and binge-watching. Follow Ricky on LinkedIn.
