Starting July 5, digital bank platform Tonik announced a fee of PHP25 for top-up or cash-in transactions via debit card, GCash, and 7/11 channels.
Tonik explained that said transactions cost them about 2.2 – 3.5% and that customers prefer high interest rates.
So far, Tonik offers free top-up on the following channels:
• Direct account top-ups via BPI and UnionBank
• PESONet ACH partners – including 14 major central banks
• Over-the-counter (OTC) through SM Bills Payment, Cebuana Lhuillier, M Lhuillier, and CLIQQ
Tonik also announced that they’re focusing on integrating with InstaPay and will expand to other transactional opportunities in the future.
For more information about the bank, visit its official website.