GoTyme Bank review

GoTyme Bank Corporation is a bank headquartered in the Philippines (PH), founded in 2022 and supervised by Bangko Sentral ng Pilipinas. It runs an easy-access savings balance, a GoalSave facility and a Visa debit card inside a single app.

The savings balance pays a headline rate of 3%, and the rate type is variable rather than fixed. Interest is calculated daily on the daily ending balance and credited monthly, and withdrawals can go back to the deposit account at any time, with no notice period stated in the terms.

GoTyme Bank charges 1% on currency conversion, which is higher than Wise at 0.1%, bunq at 0.5% to 3% and Starling Personal Account Debit Card at 0%. It ranks 128 of 258 brands on that measure, so heavy foreign spending eats into the interest earned.

There is no minimum deposit, since the stated minimum deposit is PHP 0 in Philippine pesos. The site median for minimum deposits is €0.88, so opening a balance alongside another bank costs nothing before you start saving.

Bangko Sentral ng Pilipinas supervises GoTyme Bank in the Philippines, where the bank is headquartered (PH) and where the legal entity, GoTyme Bank Corporation, is registered. The account runs on a custodial basis, so the bank looks after the assets rather than the customer.

Alongside the savings balance and the GoalSave facility, the app covers multi-currency accounts, crypto, a virtual card and travel features, and the card runs on the Visa network. The card type is debit, so spending draws directly on the account balance.

Support runs on email, chat and phone, covering email, chat, phone and a help centre, so help is available by written message, live chat, a call or a self service reference. The account kind is easy access, which makes quick answers on transfers and withdrawals the part that matters most.

GoTyme Bank scores 5.1 overall and 5.1 on cost across a shortlist of 3 brands. The savings side is competitive at a 3% headline rate and a PHP 0 minimum deposit, while the 1% conversion fee is the weak spot.