DiskarTech Review: Pinoy’s Super Digital Bank App

Looking for CIMB and ING alternative? DiskarTech is here to serve you!

If you are familiar with two giant mobile banks named CIMB and ING and want to find an alternative or an additional mobile bank with the same goal, DiskarTech is here to help you!

WHAT IS DISKARTECH

DiskarTech is a new digital bank from RCBC where members can take advantage of their whooping 3.25% interest rate per annum.

Derived from the words “diskarte” and “tech”, the purpose of DiskarTech is to reach everyone, especially small time earners to make a goal, plan how much they need to save and make money passively. In short, be “madiskarte” using their “technology.”

How is DiskarTech differ from other mobile banks?

DiskarTech uses “taglish” and is more of/targeting “pang-masa” by using words of ordinary people. This is their way to connect to ordinary consumers and unbanked Filipinos because it is easier to understand. I think it is a plus point for people who think that using banks is only for people who have lots of money and English skills.

#buhayginhawa

This is a feature that you can only find in DiskarTech. Want to buy a laptop, motor or fund your emergency fund? You may name it, tell how long you need to achieve it and DiskarTech will be your online piggy bank.

You will see the progress of your savings by adding money in your account.

Although it is considered a super app, account holders may only have a maximum account balance of P48,000 and will stop earning interest until they reach P50,000.

If you only plan to deposit P48,000 or below, you have no problem.

HOW TO EARN

You can earn in three different ways:
1. Register using my referral code – AAAA4477
* Sign up using my code and get P10.00.
* After downloading the app, you will be asked if you have an invite code. No invite code no P10.00.
2. Invite people
* Refer a verified user and get P30.00. Maximum to earn P30,000 every month.
3. Deposit money
* Earn 3.25% per annum

 

HOW TO DEPOSIT

You may fund your DiskarTech account by cashing in using:
CVM Pawnshop
Gaisano
RD Pawnshop
ExpressPay
USSC
NATCCO
ECPAY
Tambunting Pawnshop
eBiz
H Lhuillier Pawnshop

They just opened up so maybe they’ll add more ways to deposit from 711, Paymaya, Gcash and bank accounts.

HOW TO WITHDRAW

Account holders may withdraw their money using RCBC ATM machines. No atm needed. They’ll e-mail the procedures and codes on how members can withdraw their money without needing atm cards.

PROS

Digital bank
User-friendly app
Taglish
3.25% interest per annum unlike traditional banks
Zero maintaining balance
Can cash-in using Pawnshops
Can send fund to other DiskarTech members
Can buy load and pay bills
Online registration
RCBC affiliate
PDIC insured
Referral Program
QR code
RCBC cardless withdrawals
Government services

CONS

Maximum deposit of P48,000
After P50,000, stops earning interest
No discount from buying loads
No rebates from paying bills
Can’t cash in using Paymaya or Gcash
You can’t deposit in RCBC branches

HOW TO REGISTER AND UPGRADE

1. Download the app – link
2. Provide your preferred username and password
3. Provide your valid ID and selfie smile
Valid IDs list:
UMID
Postal ID
SSS ID
PRC ID
Driver’s License
Passport
TIN ID
Voter’s ID

REQUIREMENTS

Applicants must be:
18 years old and up
Filipino
Not US residents or citizens

You’ll receive a text message once you are approved. Mine took only a few minutes.

COMING SOON
In the near future, DiskarTech will also feature microinsurance and loans.

WHO MAY USE DISKARTECH

For people who do not want to put their eggs in one basket, DiskarTech should be on their list to put money.
For people who want to save and earn money passively, DiskarTech is here to help you.
For people who want to save money, DiskarTech will be your online piggy bank.
And for people who want to support a Filipino bank, DiskarTech is welcoming you.

In my opinion
Alternative to CIMB and ING? I think DiskarTech is more on an additional way to distribute my hard earned money. Why choose if they have different targets? Because of DiskarTech, I think many traditional banks will now form their own digital banks with higher interest rates. Forget the .1% interest rates. People now enjoy 3%+ interest rates from digital banks. Saving and Earning money is easier nowadays!

Zen

Zen

Rozen is the brain behind this blog. She is a call reviewer, blogger and a crypto lover. You may also find her in Divisoria Tips

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