• 10 Best Debit Cards in the Philippines 2021 (EastWest, BDO, Security Bank, and More) 1
  • 10 Best Debit Cards in the Philippines 2021 (EastWest, BDO, Security Bank, and More) 2
  • 10 Best Debit Cards in the Philippines 2021 (EastWest, BDO, Security Bank, and More) 3
  • 10 Best Debit Cards in the Philippines 2021 (EastWest, BDO, Security Bank, and More) 4
  • 10 Best Debit Cards in the Philippines 2021 (EastWest, BDO, Security Bank, and More) 5

10 Best Debit Cards in the Philippines 2021 (EastWest, BDO, Security Bank, and More)

With restaurants and stores actively encouraging cashless payments, the need for virtual wallets and bank cards such as debit cards has grown. Compared to other bank cards like credit cards, debit cards are easier to procure and give individuals a secure payment option when making large online or in-person purchases.


A debit card also comes in handy for those who aren't comfortable carrying cash and cheques. If this sounds like you and you want to make the switch from cash to card, you've come to the right place! In this article, we've included a list of the best banks, from BDO, BPI, and PNB, that offer debit cards. Plus, a choosing guide and a section with some money-saving tips!

  • Last updated: 11-24-2021
  • 102 views
Table of Contents

10 Best Debit Cards to Avail

In 2019, the number of rural and cooperative banks in the Philippines totaled 456 institutions, meaning there are plenty of banks that you can apply for a debit card. We've arranged a list of what we believe to be the best debit cards in the country to help you get one step closer to financial freedom and independence.

1

EastWest BankEastWest Priority Debit Card

Best ForPersonal Use
Online Banking Available
Minimum Initial Deposit Php 2,000.00
Minimum Monthly Average BalancePhp 2,000.00
Minimum Balance to Earn InterestPhp 10,000.00
Falling Below Minimum BalancePhp 500.00
RequirementsMinimum Initial Deposit, Downloadable Forms, One Government-Issued Valid ID
PerksAccess to Visa Infinite Concierge Service and 24/7 Support in Blocking Lost or Damaged Cards
2

Security Bank PhilippinesBusinessPlus Debit Card

Best ForBusiness Use
Online Banking Available
Minimum Initial Deposit Php 5,000.00
Minimum Monthly Average BalancePhp 50,000.00
Minimum Balance to Earn InterestPhp 100,000.00
Falling Below Minimum BalanceNot Specified
RequirementsPrepare Minimum Initial Deposit, Downloadable Forms, One Photo-Bearing Primary ID or Two Secondary IDs, Legal Documents Depending on the Kind of Business
PerksAccess to the DigiBanker Facility Modules, Specialized Bank Products for Your Government and Supplier Payments, Preferential Rates on Loans, and FX Buy and Sell Transactions
3

BDO Unibank, Inc.EMV Debit Card

Best ForPersonal Use
Online Banking Available
Minimum Initial Deposit Php 2,000.00
Minimum Monthly Average BalancePhp 2,000.00
Minimum Balance to Earn InterestPhp 5,000.00
Falling Below Minimum BalancePhp 300.00
RequirementsPrepare Minimum Initial Deposit, Downloadable Forms, Two Government-Issued Valid IDs
PerksWelcome Coupon Upon Signing Up to the Uniqlo App, Freebies From Sephora, Classic Savory, and Discounts at Crimson Boracay, Grab Mart and Other Dining and Hotel Establishments
4

Philippine National Bank (PNB)PNB-PAL Mabuhay Miles Debit Mastercard

Best ForPersonal Use
Online Banking Available
Minimum Initial Deposit Php 3,000.00
Minimum Monthly Average BalancePhp 3,000.00
Minimum Balance to Earn InterestPhp 10,000.00
Falling Below Minimum BalancePhp 350.00
RequirementsPrepare Minimum Initial Deposit, Downloadable Forms, Two Government-Issued Valid IDs, 2 ID pictures (2x2 or 1x1)
PerksWelcome Gift of 500 Mabuhay Miles, Travel Privileges, Earn Mabuhay Miles Points
5

Bank of the Philippine Islands (BPI)Debit Mastercard

Best ForPersonal Use
Online Banking Available
Minimum Initial Deposit Php 3,000.00
Minimum Monthly Average BalancePhp 3,000.00
Minimum Balance to Earn InterestPhp 5,000.00
Falling Below Minimum BalancePhp 300.00
RequirementsPrepare Minimum Initial Deposit, Downloadable Forms, 1 ID Picture (1x1), One Government-Issued Valid IDs
PerksDiscounts and Vouchers From Zalora, Boozy, Flowerstore.ph, Shipping Cart, Agoda, Designer Blooms, Maria Health, Zennya, Grab, and Photobook
6

Philippine Savings Bank PSBank Debit Mastercard

Best ForPersonal Use
Online Banking Available
Minimum Initial Deposit Php 5,000.00
Minimum Monthly Average BalancePhp 5,000.00
Minimum Balance to Earn InterestPhp 10,000.00
Falling Below Minimum BalancePhp 500.00
RequirementsPrepare Minimum Initial Deposit, Downloadable Forms, One Government-Issued ID
PerksDiscounts From Lazada, Shopee, and Grab
7
Best ForPersonal Use
Online Banking Available
Minimum Initial Deposit Php 2,000.00
Minimum Monthly Average BalancePhp 2,000.00
Minimum Balance to Earn InterestPhp 10,000.00
Falling Below Minimum BalancePhp 300.00
RequirementsPrepare Minimum Initial Deposit, One Government-Issued ID
PerksDiscounts From Shopee and Freebies From WalterMart
8

Land Bank of the PhilippinesEMV-Enabled Visa Debit Card

Best ForPersonal Use
Online Banking Available
Minimum Initial Deposit Php 500.00
Minimum Monthly Average BalancePhp 500.00
Minimum Balance to Earn InterestPhp 2,000.00
Falling Below Minimum BalancePhp 200.00
RequirementsPrepare Minimum Initial Deposit, One Government-Issued ID, 2 1x1 ID Picture
PerksDiscounts From Shopee and Zalora
9

UnionBank of the PhilippinesUnionBank Lazada Debit Card

Best ForPersonal Use
Online Banking Available
Minimum Initial Deposit None
Minimum Monthly Average BalanceNone
Minimum Balance to Earn InterestPhp 10,000.00
Falling Below Minimum BalanceNone
RequirementsUnionBank Online Mobile App, One Government-Issued Valid ID, Live Selfie for Verification
Perks2x More Lazada Credits and Exclusive Discounts From Selected Lazada Merchants
10

China Banking CorporationChina Bank EMV-Equipped ATM Card

Best ForPersonal Use
Online Banking Available
Minimum Initial Deposit Php 2,000.00
Minimum Monthly Average BalancePhp 2,000.00
Minimum Balance to Earn InterestPhp 10,000.00
Falling Below Minimum BalancePhp 300.00
RequirementsPrepare Minimum Initial Deposit, One Government-Issued ID, 2 1x1 ID Picture
PerksNone

Compare the Best Debit Cards

To give you a rundown, here are our top 3 picks for the best credit cards you can avail of online:


  1. EastWest Priority Debit Card
  2. Security Bank BusinessPlus Debit Card
  3. BDO EMV Debit Card


Check out the table below to further compare the characteristics of these three debit cards as well as the other seven that made it to our list.

Image
1
EastWest Bank EastWest Priority Debit Card 1

EastWest Bank

2
Security Bank Philippines BusinessPlus Debit Card 1

Security Bank Philippines

3
BDO Unibank, Inc. EMV Debit Card 1

BDO Unibank, Inc.

4
Philippine National Bank (PNB) PNB-PAL Mabuhay Miles Debit Mastercard 1

Philippine National Bank (PNB)

5
Bank of the Philippine Islands (BPI) Debit Mastercard 1

Bank of the Philippine Islands (BPI)

6
Philippine Savings Bank  PSBank Debit Mastercard 1

Philippine Savings Bank

7
Metrobank Prime Debit Card 1

Metrobank

8
Land Bank of the Philippines EMV-Enabled Visa Debit Card 1

Land Bank of the Philippines

9
UnionBank of the Philippines UnionBank Lazada Debit Card 1

UnionBank of the Philippines

10
China Banking Corporation China Bank EMV-Equipped ATM Card 1

China Banking Corporation

Name

EastWest Priority Debit Card

BusinessPlus Debit Card

EMV Debit Card

PNB-PAL Mabuhay Miles Debit Mastercard

Debit Mastercard

PSBank Debit Mastercard

Prime Debit Card

EMV-Enabled Visa Debit Card

UnionBank Lazada Debit Card

China Bank EMV-Equipped ATM Card

Features

Feel Like a VIP With the Visa Infinite Concierge Service

Manage Your Company’s Finances With This Business Debit Card

Has an Embedded Chip for Improved Security

The Debit Card Made for Frequent Flyers

A Debit Card You Can Use to Shop Locally and Abroad

Stay Protected Against Fraudulent Purchases With a Zero Lost Card Liability Policy

Enjoy Exclusive Promos When Shopping Online Using a Metrobank Debit Card

A Debit Card That Is Accepted at Over 40 Million Merchants Worldwide

A Virtual Debit Card for Loyal Lazada Shoppers

A Hybrid ATM Card You Could Use for Over-the-Counter Transactions

Best ForPersonal UseBusiness Use Personal UsePersonal UsePersonal UsePersonal UsePersonal UsePersonal UsePersonal UsePersonal Use
Online Banking AvailableAvailableAvailableAvailableAvailableAvailableAvailableAvailableAvailableAvailable
Minimum Initial Deposit Php 2,000.00Php 5,000.00Php 2,000.00Php 3,000.00Php 3,000.00Php 5,000.00Php 2,000.00Php 500.00NonePhp 2,000.00
Minimum Monthly Average BalancePhp 2,000.00Php 50,000.00Php 2,000.00Php 3,000.00Php 3,000.00Php 5,000.00Php 2,000.00Php 500.00NonePhp 2,000.00
Minimum Balance to Earn InterestPhp 10,000.00Php 100,000.00Php 5,000.00Php 10,000.00Php 5,000.00Php 10,000.00Php 10,000.00Php 2,000.00Php 10,000.00Php 10,000.00
Falling Below Minimum BalancePhp 500.00Not SpecifiedPhp 300.00Php 350.00Php 300.00Php 500.00Php 300.00Php 200.00NonePhp 300.00
RequirementsMinimum Initial Deposit, Downloadable Forms, One Government-Issued Valid IDPrepare Minimum Initial Deposit, Downloadable Forms, One Photo-Bearing Primary ID or Two Secondary IDs, Legal Documents Depending on the Kind of BusinessPrepare Minimum Initial Deposit, Downloadable Forms, Two Government-Issued Valid IDsPrepare Minimum Initial Deposit, Downloadable Forms, Two Government-Issued Valid IDs, 2 ID pictures (2x2 or 1x1)Prepare Minimum Initial Deposit, Downloadable Forms, 1 ID Picture (1x1), One Government-Issued Valid IDsPrepare Minimum Initial Deposit, Downloadable Forms, One Government-Issued IDPrepare Minimum Initial Deposit, One Government-Issued IDPrepare Minimum Initial Deposit, One Government-Issued ID, 2 1x1 ID PictureUnionBank Online Mobile App, One Government-Issued Valid ID, Live Selfie for VerificationPrepare Minimum Initial Deposit, One Government-Issued ID, 2 1x1 ID Picture
PerksAccess to Visa Infinite Concierge Service and 24/7 Support in Blocking Lost or Damaged CardsAccess to the DigiBanker Facility Modules, Specialized Bank Products for Your Government and Supplier Payments, Preferential Rates on Loans, and FX Buy and Sell TransactionsWelcome Coupon Upon Signing Up to the Uniqlo App, Freebies From Sephora, Classic Savory, and Discounts at Crimson Boracay, Grab Mart and Other Dining and Hotel EstablishmentsWelcome Gift of 500 Mabuhay Miles, Travel Privileges, Earn Mabuhay Miles PointsDiscounts and Vouchers From Zalora, Boozy, Flowerstore.ph, Shipping Cart, Agoda, Designer Blooms, Maria Health, Zennya, Grab, and PhotobookDiscounts From Lazada, Shopee, and GrabDiscounts From Shopee and Freebies From WalterMartDiscounts From Shopee and Zalora2x More Lazada Credits and Exclusive Discounts From Selected Lazada MerchantsNone
Link

What Is the Difference Between a Debit and Credit Card?

When people think of bank cards, two kinds come to mind—debit and credit cards. Though both are convenient cashless payment options when making large online or in-store purchases, have 16-digit card numbers and expiration dates, they differ in some aspects.

Stay Within Your Monthly Budget With a Debit Card

Stay Within Your Monthly Budget With a Debit Card

In layman's terms, when you use a debit card to pay for something, money is deducted from your checking account in real-time. With a debit card, there is no risk of going into debt or getting behind on payments. Debit cards also ensure that you stay within your monthly budget since your spending is limited to how much you have in your bank account.

Buy Now, Pay Later With a Credit Card

Buy Now, Pay Later With a Credit Card

Compared to debit cards, when purchasing items with a credit card, the amount is charged to the card issuer, allowing you to pay the balance within an agreed time frame. Credit cards are also ideal if you plan on increasing your credit score to make it easier to apply for loans in the future. However, with a credit card, there is a risk of overspending and falling into debt.

How to Choose a Debit Card - Buying Guide

Here are some key points to consider:


  1. Decide on whether the debit card will be used for business or pleasure.
  2. Look up the requirements needed to get a debit card.
  3. Take note of any transfer fees and transaction limits to prevent unexpected monetary loss.
  4. Access your debit card's funds in one click with online banking.

For more detailed information, read through our buying guide below.

Decide Whether You Need the Debit Card for Personal or Business Use

One of the first things you need to do before heading to the bank and availing a debit card is to determine whether you will be using it for personal or business use.

Track the Expenses of Your Employees With Business Debit Cards

Track the Expenses of Your Employees With Business Debit Cards

Manage your company's finances with business debit cards. With a business debit card, enterprises can have multiple cards linked to a single account. This makes tracking company expenses simple and eliminates the hassles of shelling out cash for business trips and meetings.


You may also want to get one that comes with a passbook. Passbooks are physical notebooks owned by an account holder that contain details on all kinds of banking transactions and are updated by tellers whenever you visit the bank. Passbooks can also come in handy when bookkeeping.

Budget Your Money Better With a Personal Debit Card

Budget Your Money Better With a Personal Debit Card

If you plan on using your debit card for pleasure, personal debit cards are the way to go. Though some ATM cards have Visa or Mastercard that makes online shopping possible, debit cards are more multi-functional.

 
A personal debit card makes both in-person and online shopping more convenient since you also won't have to worry about locating the nearest ATM to get money or bringing cash whenever you are out. You can also easily track your spending by using online banking instead of a passbook.

Look Up the Requirements Needed to Get a Debit Card

 Look Up the Requirements Needed to Get a Debit Card

Though debit cards are easier to get than credit cards since you won't have to worry about any existing credit scores, there are still some conditions in place before you can secure one. Some of these include valid identification and a minimum initial deposit, which varies from bank to bank.


You want to make sure that you can meet the demands set by the bank and monetarily sustain the account until the debit card's expiration date. There are also other things to take note of, such as average daily balances. If you can do all of these but are not of legal age, you can still get one as long as a parent is present. 

Take Note of Any Transfer Fees and Transaction Limits to Prevent Unexpected Monetary Loss

Take Note of Any Transfer Fees and Transaction Limits to Prevent Unexpected Monetary Loss

When settling on a debit card, another thing worth considering is its operating costs. A debit card comes linked to a checking account, making your spending limited to the money you have in the bank. That also means that if ever you go below the monthly average balance and get fined, the bank charges your debit card.


Make it a habit to take note of any transaction limits, possible withdrawal fees, and interbank transfer fees before applying for a debit card. Doing so will help prevent you from experiencing unnecessary monetary loss and feeling lugi. Most debit cards in the Philippines have a daily transaction limit of PHP 50,000.00 and charge anywhere between 10 to 25 Pesos for interbank transfers.

Access Your Debit Card’s Funds in One Click With Online Banking

Access Your Debit Card’s Funds in One Click With Online Banking

Due to the ongoing pandemic, going to the bank to withdraw money and make cash deposits isn't as easy as it used to be. Luckily, many banks have focused on strengthening their online banking platforms. We recommend checking whether the bank you are interested in has online banking before applying for a debit card.


Online banking lets you have access to your transactions and purchasing history in one click. It also makes it possible to transfer money from one account to another and allows you to check your current balance without going to an ATM. With online banking, you can even make changes to your card security and daily spending limits. 

How to Manage Your Money With the 50-30-20 Rule

These days, saving money and investing for your future is a top priority for many. Learn how to better manage your money by watching this video by Marko from WhiteBoard Finance as he discusses the 50-30-20 rule.

Allocate 50% of Your Income to Things You Need to Spend On

Allocate 50% of Your Income to Things You Need to Spend On

When you first receive your monthly salary or allowance, try to allocate at least 50% of the total amount for your needs. A need is something you cannot live without, or in other words, a necessity. If not paid for, it will significantly inconvenience you. Needs include housing, utilities, grocery costs, health insurance, and the like.

Set Aside 30% for Pleasure and Your Wants

Set Aside 30% for Pleasure and Your Wants

The next thing on the list on how to better manage your money is to budget 30% to your wants. Wants are things you desire but can live without and, if unfulfilled, will result in a minor inconvenience. Shopping, dining out, and hobbies fall under this category.

Allot 20% of Your Income to Your Savings

Allot 20% of Your Income to Your Savings

The last 20% of your income should go to savings or paying off debts. Savings include emergency funds that will come in handy in the case of unexpected layoffs or accidents. As for debts, these include anything from student loans to credit card purchases. For items or activities that you cannot classify as a want or need, best to categorize them under savings.

Become a Master Budgeter With These Finance Apps, Books, and E-wallets

Become a Master Budgeter With These Finance Apps, Books, and E-wallets

One doesn't just wake up and become a master budgeter overnight. Manage your investments and money like a pro with the help of these self-development books, personal finance apps, and e-wallets.

Summary

Effortlessly pay for transactions in the country and worldwide with a debit card. Not only are debit cards convenient, but they also give you access to the best deals, promos, and discounts to top hotels, restaurants, boutiques, and online shopping platforms like Lazada, Shopee, and Zalora.


With so many banks offering debit cards, we are sure you won't have any trouble finding the best one that fits your needs. From debit cards best for personal use or those perfect for business, we hope that our article has convinced you to make the switch from cash to card!


Author: Mariah Hannah Beatrice G. Caga

Editor: I. Honda


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