L&rsquo;Officiel Philippines had their writer open a GOTYME BANK account and provide a comprehensive review of the bank&rsquo;s services and digital experience.

Most employers have already distributed bonuses and 13th month salary to their employees before the holiday season. If you're planning to save a portion of this extra income, consider depositing it in a reliable and convenient bank. GoTyme Bank, a joint venture between Tyme and the Gokongwei Group, offers a seamless banking experience with easy deposit and withdrawal options, as well as a range of other convenient services.
L'Officiel Philippines turned to Denise J. Mallabo, a frequent contributing writer to the magazine, to review GoTyme Bank's services. Leveraging her firsthand experience with cashless payments and online banking, she aimed to offer an impartial assessment of the bank's features. Although GoTyme Bank contacted L&rsquo;Officiel to request a review of their app, they did not provide any feedback on Denise's views concerning the online bank's services and features, nor did they evaluate the review before its publication.&nbsp;
OPENING AN ACCOUNT
GoTyme Bank highlights its ability to open an account in under five minutes, whether by visiting a GoTyme Bank kiosk located in a Robinsons retail outlet or by downloading the app. &ldquo;I forgot to clock it, so I'm not sure if it was less than five minutes. However, I downloaded the app and created my GoTyme Bank account at home, and it was completely hassle-free,&rdquo; says Denise. After entering some personal information, the app will prompt you to scan your face and a valid ID. Denise shares that her Go Rewards account linked to her GoTyme Bank account almost automatically. &ldquo;It simply asked whether I owned that Go Rewards account number, to which I responded &lsquo;yes,&rsquo; and it was linked to my GoTyme Bank account.&rdquo;&nbsp;
THE GOTYME BANK APP

(The GoTyme Bank app interface is clutter-free and simple, with a sense of privacy.)

Denise appreciates the GoTyme Bank&rsquo;s application interface. &ldquo;The app's overall design, including the colors and fonts, is visually appealing. The dashboard is simple and clean. It&rsquo;s not cluttered like other online banking and cashless payment apps,&rdquo; she shares. You can see all of your transactions, from deposits and cash-ins to points earned and money spent on shopping, at the bottom of the main screen of the app. It's a great way to keep track of your financial activity. &ldquo;Seeing the points from using my Go Rewards card on the app made me happy. I don't need to have it checked by a teller at Robinsons Supermarket anymore,&rdquo; Denise says.&nbsp;&nbsp;
Last year, The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture, Art Design, and Urban Studies (the Museum) awarded GoTyme Banking the 2023 Good Design Award for design excellence.&nbsp;
Although Denise noted that the options for bills that can be paid through the app remain somewhat restricted, the fundamental billers for telecoms, government, and utilities are already present. "Maybe this could be something that they can fast track and improve on so they can greatly compete in terms of cashless payment," she suggests.&nbsp;
FREE VISA DEBIT CARD AND REWARDS

(The GoTyme Bank kiosk at Robinsons Supermarket with the very courteous and knowledgeable Bank Assistant)

Denise visited a Robinsons Supermarket in her area in Laguna, as it has a GoTyme Bank Kiosk where she could get her complimentary VISA Debit card. She stated that, in contrast to other online banks that require you to wait for your card to be mailed, GoTyme Bank offers a more convenient process. &ldquo;My card was printed at the kiosk within a few minutes, and the bank representative provided excellent assistance.&rdquo; Denise shares, &ldquo;She was well-informed about all my inquiries regarding the services offered by GoTyme Bank.&rdquo;&nbsp;
As mentioned, Denise's GoTyme Bank account was already linked to her Go Rewards account upon creation. Any activity using your GoTyme Bank account to pay at<a href="https://www.gotyme.com.ph/about-us/#ourPartners" target="_blank" rel="noopener"> Go Rewards partners</a> will earn you points. Using your GoTyme Visa Debit card to pay at these partners will triple your points. &ldquo;The bank representative informed me that I could redeem my Go Rewards points for cash, which I did. The funds were then transferred to my GoTyme Bank account,&rdquo; she says.&nbsp;
MONEY DEPOSITS AND WITHDRAWAL

In addition to online transfers from other bank accounts, Denise learned from a bank representative that she can conveniently deposit funds into her GoTyme Bank account over-the-counter at various Robinsons Retail partner stores, such as Robinsons Supermarket, Robinsons Department Store, Robinsons EasyMart, and Southstar Drug. &ldquo;I tried it before paying for my groceries using my GoTyme VISA Debit card at the Robinsons Supermarket. I just wanted to check how easy it was to do an over-the-counter deposit to my GoTyme Bank account,&rdquo; says Denise. To withdraw cash from your GoTyme Bank account is as easy as depositing. If you want to use your app, you just need to go to dedicated lanes in partner stores like Robinsons Supermarket, Shopwise, The Marketplace, and Robinsons Department Store. &ldquo;The app can also show you the nearest partner store near you that you can make your transaction,&rdquo; Denise mentions. You can also use your GoTyme Bank VISA Debit card to withdraw cash from GoTyme Bank co-branded ATMs, Bancnet ATMs, and International ATMs. &ldquo;I&rsquo;m excited to use the card for my upcoming trip in Singapore,&rdquo; she shares.&nbsp;
CONCLUSION

(You can create five separate GoSave accounts that you can personalize with different goal amounts and timeframes)

Denise expressed to L&rsquo;Officiel her belief in the potential of GoTyme Bank and how it can be a practical tool for saving money. &ldquo;I look forward to their 4% annual interest rate. I started putting money in my Go Save feature within my GoTyme Bank account,&rdquo; she shares. She also established a savings goal, utilizing the GoTyme Bank app, which allows her to view her current balance in real time and track the remaining days until her target is reached.&nbsp;
GoTyme Bank offers a straightforward and user-friendly banking experience. It's ideal for individuals seeking a simple, no-frills approach to managing their finances like Denise. However, if you require immediate financial solutions like loans, credit lines, or buy-now-pay-later services, you might want to explore other banking options.

Honest Review of GoTyme Bank

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