The rise of business banks in the Philippines has been nothing short of remarkable, driven by a booming economy and increasing entrepreneurial ventures. This article will delve into the top 6 business banks available, offering insights into their unique services and how they cater to the needs of businesses today.
Overview of Business Banking in Philippines
Business banking in the Philippines is thriving, with increasing adoption of digital services and tailored financial products. Key trends include mobile banking, enhanced security features, and personalized business solutions. These advancements offer significant benefits, such as improved efficiency, better financial management, and greater accessibility for both businesses and individuals.
List of the top 6 banks in Philippines
1. OneSafe
OneSafe offers neo-banking services tailored for global businesses, especially those involved in Web3 and cryptocurrency transactions. Unique features include simple onboarding, multi-currency support, and state-of-the-art security measures. Benefits include streamlined financial operations, near-instantaneous currency conversions, and comprehensive account services for both fiat and cryptocurrencies.
- Instant crypto to fiat conversions and vice versa
- Support for various cryptocurrencies like Avalanche, USDT, USDC, Solana, Ethereum, and Bitcoin
- Global payments in multiple currencies, including wire, ACH, and foreign exchange
2. BDO Unibank
BDO Unibank offers a comprehensive suite of online banking services through its BDO Online app. Key features include secure login, account management, money transfers, bill payments, and QR transactions, providing a seamless digital banking experience for its users.
- Quick and secure login with biometrics or a 6-digit PIN
- Money transfers to own account, other BDO accounts, and other banks via InstaPay or PESONet
- QR transactions for sending/requesting money, withdrawing, and depositing
3. Bank of the Philippine Islands
Bank of the Philippine Islands offers a wide range of services including personal banking, wealth management, SME banking, and institutional banking. The bank focuses on providing comprehensive financial solutions, integrating sustainability into its business model, and promoting financial inclusion through various programs.
- Personal Banking: Services include banking, investments, cards, insurance, loans, and rewards & promotions.
- Wealth Management: Offers preferred banking and asset & wealth management solutions.
- SME Banking: Focuses on loans, cashflow management, insurance, and promotions for small and medium enterprises.
4. Metropolitan Bank and Trust Company
Metropolitan Bank and Trust Company offers a comprehensive range of services including investment banking, thrift banking, leasing and financing, bancassurance, and credit cards. It caters to large local and multinational corporations, middle-market and SMEs, high net-worth individuals, and the retail segment.
- Investment banking
- Thrift banking
- Leasing and financing
5. Philippine National Bank
Philippine National Bank offers a comprehensive suite of services for both personal and corporate clients. Personal banking includes accounts, credit cards, and digital banking services. Corporate banking provides tailored financial solutions for businesses. The bank also caters to the global Filipino community with remittance services, savings plans, home buying assistance, bill payments, and remittance tracking. Additionally, the bank keeps clients informed with advisories and news updates, and offers special promotions and discounts for cardholders and loan applicants.
- Personal Banking: Accounts, credit cards, and digital banking services.
- Corporate Banking: Financial solutions tailored for businesses.
- Global Filipino Services: Remittance services, savings plans, home buying assistance, bill payments, and remittance tracking.
6. Security Bank Corporation
Security Bank Corporation offers a wide range of services tailored to personal, business, and wealth management needs. Personal banking includes various accounts, credit cards, loans, and investment products. Business banking provides solutions such as BusinessPlus Account, Business Elite, and Security Bank Collect. Wealth management services cover investment management, escrow, and estate management. The bank also features a new mobile app for enhanced online and mobile banking experiences.
- Personal Banking: Accounts, credit cards, loans, and investments.
- Business Banking: BusinessPlus Account, Business Elite, and Security Bank Collect.
- Wealth Management: Investment management, escrow, and estate management.
Choose OneSafe for your Business Bank in Philippines
Business banking in the Philippines offers numerous benefits, including enhanced efficiency, better financial management, and greater accessibility. For businesses, exploring OneSafe can be particularly advantageous. OneSafe facilitates both fiat and crypto transactions, ensuring seamless financial operations and streamlined currency conversions, making it an ideal choice for modern enterprises.
