TONIK BANK REVIEW: Highest Interest Savings Account?

In this video is my TONIK BANK REVIEW: Highest Interest Savings Account?
Tonik Digital Bank Inc. is the First Neobank in the Philippines a purely digital bank and also the first in Southeast Asia.
Watch this video for more details: • TONIK BANK REVIEW: Hig...
Chapters:
0:00 - Intro
0:42 - What is Tonik Bank
1:33 - Is Tonik Bank Safe
3:15 - Why I choose Tonik Bank
3:44 - Tonik Accounts
4:20 - Solo Stash
4:33 - Group Stash
6:05 - Time Deposit
8:10 - Pros
13:56 - Cons
21:22 - Ending
Check out also my other videos:
1.) Jake On Track: • How to double P200,000...
2.) Jake On Entrepreneurship: • Jake On Entrepreneursh...
3.) Ecommerce Philippines: • Common Mistake of a Be...
4.) How To Earn Money: • How To Earn Money
5.) Credit Cards: • Credit Cards
6.) Personal Finance: • Personal Finance & Bus...
If you want to know more about Jake Lagazo, you can check out this article made by Tech In Asia - The largest English-language technology media company that focuses on Asia.
www.techinasia.com/challenges...
CONNECT WITH JAKE ON SOCIAL MEDIA
TH-cam: / @jakelagazo
Facebook: / jakezophrenic
#Tonik #Neobank #DigitalBank #OnlineBanking #HighestSavingsAccount #FinancialEducation #PersonalFinance #HowToBeRich #JakeLagazo #MakeMoneyOnline #Business #Philippines
This video is about: TONIK BANK REVIEW: Highest Interest Savings Account?
• TONIK BANK REVIEW: Hig...

[@shammross1871]

New subscriber 🙋🏻‍♀️. Kaka’open ko lang ng tonik din. Thanks for this vid sir.

[@JakeLagazo]

Welcome po :)

[@souzetshop6169]

So much learning!🙏🏻🙏🏻🙏🏻 thank you tito jake!😍😍😍

[@samiecardoza42]

Thank you so much! Try ko din to ❤

[@shobie0921]

Thanks for the honest review sir! More content like this please 💗

[@JakeLagazo]

Thank you for watching shobie :)

[@EV-dh2ow]

Great video. Simple explanation wala madami unnecessary thoughts. Hindi maarti. Keep it up

[@JakeLagazo]

Thank you🙏

[@alyzachangco]

Thank you, Jake.

[@JakeLagazo]

Welcome :)

[@randyatienza7556]

Another life hacks. Another awareness. Thanks for this content Tito Jake.

[@cherrylayoso706]

sana po bigyan mo ako ng card

[@gusionsupreme2946]

I love TONIK😍😍😍

[@MaritzaLeeVlogs]

super wow! ganda ng review mo sir.. new subscriber na ako sayo.

[@JakeLagazo]

Thank you po 😊

[@saskeandfriends6999]

Ang linaw ng paliwanag mo .. 😍 thank u ..

[@JakeLagazo]

Salamat :)

[@EllionicoJohn]

thank you po. part2 please

[@JakeLagazo]

soon po :)

[@ofwhongkong9305]

Try ko Nga eto

[@allanbernabe2906]

sir lahat nman po ng banks dito s phils, upto 500k lng tlga ang insured ng PDIC..

[@febiarjermin1718]

Sana all my 500k na pang deposit. Hehe. Nice review.

[@JakeLagazo]

Thank you :)

[@johnmartinsuganob7732]

tonik user din ako jake~ :)

[@JakeLagazo]

Nice! Ayos no 😁

[@dorothyoctina186]

New subscriber. Helpful vid. 😊

[@JakeLagazo]

Thanks for the sub! :)

[@adelaidamegaddi29]

@@JakeLagazo
. Moo lllllll

[@adelaidamegaddi29]

@@JakeLagazo b

[@hencyjoycegamara6695]

New Subscriber here!! :D

[@JakeLagazo]

Thanks for subbing! I appreciate it. 😃

[@yohricarreon9705]

new subscriber.. looking for bank to store my EF. ♥️♥️

[@JakeLagazo]

Thank you yohri :)

[@PHkita_tv]

Idol pa shout out Naman sa nxt vid TONIK User here.❤️❤️❤️

[@JakeLagazo]

sige ;D

[@Jelyboy_Cayadong]

Next upload mo sir review mo din ng DiskarTech. Para naman makilala ito. Thanks

[@JakeLagazo]

Sure thank you for the suggestion😁

[@KuyaVhong2023]

New Subscriber Sir! More informative videos to share.. God bless!!
#BayawNiHungryBiker

[@JakeLagazo]

Thank you :)

[@joyce-annsalih6130]

Bkit po sakin 4% padin ang group stash?

[@dr.jeffmora237]

By any chance, would you know if PDIC insurance (of up to 500k) will cover each stash separately in case of loss or bankruptcy or will it cover just the account itself?

[@JakeLagazo]

The account itself lang.

[@marialuzclariza]

Ah so di po kasama yung mga nasa loob ng stash?

[@llesha380]

PDIC deposit insurance coverage is per depositor per bank, not per stash not even per account. 500k is also the maximum insurance coverage for all banks

[@krisnadawang2835]

Hello po! Sa group stash po ba pwede sayo lahat naka pangalan? For the sake lang na mas malaki interest kesa sa solo stash.

[@JakeLagazo]

No po, dapat ibang account talaga.

[@jpzamora143]

Nag-open na ako Time deposit. Napansin ko lng na hanggang 5 times lng ang time deposit. Pwede bang mag cash in sa time deposit monthly at i-add sa existing time deposit?

[@JakeLagazo]

Hindi po, 5 time deposit accnt lang talaga pwede as of the moment. 1 time lang din ang cash in per accnt.

[@danliemasaling2987]

Lods paano eh convert ang ads sa tonik
Bago lng ako nag sub.
Salamat sa sagoot lods💕
Happy new year🎉🎉

[@JakeLagazo]

What do u mean danlie?

[@patrishabergonio43]

Actually lahat ng pdic insured ay hanggang 500,000 lang. Same case sa mga local banks natin.

[@babyc.3015]

Thanks for this info 😍

[@mhilescuo7304]

Bakit po ganun nag apply po ako sa tonik nag send ako fee 500 pero wala po result if qualified ba ako or hindi april 7 pa po ako nag apply loan...

[@JakeLagazo]

Hi Mhiles, please contact their support team. Or join the FB GROUP: Tonik Bank Users
facebook.com/groups/tonikbank/?ref=share
Active ang mga tao jan baka may same experience ka. Admin din anf Tonik mismo.

[@johnluigialilio3133]

Sir pede b philhealth ID Ang gamitin q sa pag verify

[@JakeLagazo]

Primary ID lang po

[@santiagothinthin8788]

Paano kpag hindi ka nkabayad paano ung lisensya ser nA kinuhA nilA hindi po ba ma Ririn new kpag hindi sila Nka byad

[@JakeLagazo]

What do you mean po?

[@mhilescuo7304]

Mababawi po ba yung senend ko sa kanila na 500 kasi di naman ako nakakuha loan s kanila...

[@JakeLagazo]

I hope so, di ko pa po na experience kasi. Please refer to my other comment sa 1st post mo. :)

[@babyc.3015]

What if walang activity yung acct for a long time?

[@JakeLagazo]

For now po naka waived ang penalties nila for account dormancy. Kahit di mo galawin walang fees at hindi ma cclosed yung account. :)

[@alvinpayos7034]

Maganda po ba siya na hiraman nang pera ? Or mag loan sa tonik bank.

[@JakeLagazo]

I don't recommend pa as of now. Mataas ang interest rate nila sa loan compare sa ibang bank.

[@chrismaduro9367]

Good Morning! Is the Deposit in 7/11 Connect real time? Thanks,q

[@JakeLagazo]

I have'nt tried it yet. Hopefully someone who did that is reading the comment will confirm this. TIA :)

[@tapellenard6744]

Yes sir real time

[@JakeLagazo]

Thank you for sharing lenard :)

[@chrismaduro9367]

Thanks po! 😊

[@KevinRocket01]

Hi sir bakit sa acct ko hanggang 100k lang ang limit ng time deposit?

[@JakeLagazo]

Nagbago na po sila. 100k na lang ang max time deposit per account :(

[@EyesOnme069]

Very sad hehe

[@mhilescuo7304]

I hope mapansin nyo po comment ko and thank u po..

[@JakeLagazo]

🙂

[@alcustodio5513]

its easy to deposit in tonik bank but its so frustating to transfer funds to gcash or other banks always stated exceeded maximum number of attempts to verify your mobile number , in short ayaw nila mag withdraw ka , not fair

[@JakeLagazo]

Thank you for sharing Al

[@camillesevilla]

Paano ma wi withdraw Yung pera sa tonik?

[@JakeLagazo]

You can transfer it to your own bank via instapay or pesonet

[@chasetan5699]

@@JakeLagazo is there a limit on how much you can cash out thru instapay? are there charges?

[@hannie3535]

pwede po ba mag loan kahitb students po?

[@JakeLagazo]

Yes, depende sa history, transactions at bank. :)

[@kabayanchasingsunshine6765]

6% po ang 6 months nila. Hndi ung 3% per 6months

[@JakeLagazo]

6% a year po :)

[@scarletromarate9371]

Pqedi po buh National Id . ? Magamit

[@JakeLagazo]

I think pwede na po. but please ask tonik bank support din. :)

[@kenjid3567]

Alam niyo po ba withdrawal tax ng tonic?

[@vandervalzzyreflores6219]

20 percent with holding nga after sa kabooan

[@febiarjermin1718]

20% naman po sa mga banks. I think it is applicable in all Phil banks.

[@danielbaldado3156]

Sir anu ba ibig sabihin nang withholding tax sa stash ng tonik?meron po kasi nakalagay dun sa 20% withholding tax
-

[@vandervalzzyreflores6219]

Lahat banks sa Pilipinas may 20% withholding tax sa Tome Deposit so no issue.. important malaki interest rate sa Tonik eh this matters the most lahat may with holding tax po kasi.

[@lzlpards]

Sir paano po ba mag pasok ng pera sa Tonik account using other BANKS AND using other methods too just like Gcash or Paymaya? I'm a newbie, I badly need your help.

[@JakeLagazo]

Yes pwede using gcash or other banks. You can transfer funds via instapay :)

[@raymhondcabanilla8528]

Pwede 1k deposit pero may interest na?

[@JakeLagazo]

Yes pwede

[@jamesampunan3997]

15:51 pldt in a nutshell

[@gemmaglorioso8385]

Hi po pwede ba mag open ng account if i'm residing outside Philippines. Thank you po

[@JakeLagazo]

yes pwede, comply lang po requirements nila ;)

[@gemmaglorioso8385]

Grazie mille

[@JakeLagazo]

Wow italy? welcome po ^_^

[@josephreyes7574]

Oo puwede basta address sa piLipinas ang iLagay mong address, ako nasa taiwan ako pero address ko sa piLipinas ang niLagay ko kaya nakapag open ako

[@Fireflies817]

Lol. Gusto ko yung napakalaking factor sa’yo yung 500k eh (as mentioned by others) hanggang 500k lang naman talaga ang insured sa lahat ng banks. Haha! First time mo mag-open ng savings account? Lol

[@JakeLagazo]

What I mean po is I can't risk to deposit more than 500k yet sa tonik kasi new company pa sila (meaning hindi pa sila ganon ka established).
Unlike bdo or bpi (kahit up to 500k din ang pdic nila), I am still comfortable to deposit more than 500k kasi mas established sila. Pwede kong ipagkatiwala sa kanila ang hard earned money ko even without the pdic.
Hope this make sense? And thank you for your comment, I will improve my videos more. 😊

[@LICOnlineteach]

gawa ka rin ng video mo... mahilig ka ba sa ampalaya. napakabitter

[@euntak1746]

@@JakeLagazo make sense for me, dw 😊