Is MariBank legit? What to check before you deposit
MariBank is a licensed digital bank with PDIC-insured deposits. Here is who is behind it and how to avoid fake apps and fake referral pages.
Updated 2 min read
Yes, MariBank is a real bank. MariBank Philippines, formerly known as SeaBank, is a licensed digital bank in the Philippines. Here is what to check so you only deal with the real one.
Who is behind it
MariBank is part of Sea Group, the company that also owns Shopee. SeaBank Philippines rebranded to MariBank, which is why the app store listing still shows “SeaBank” in its name.
Is it regulated and insured
It is a licensed bank, and deposits are insured by the PDIC up to ₱1,000,000 per depositor. That is the same standard coverage as other Philippine banks. If you keep more than ₱1,000,000 across accounts in one bank, the amount above that is not insured.
How to avoid fake apps and fake pages
- Install only from the official Google Play or App Store listing. Do not install an APK from a link someone sent you.
- Never share your OTP, password, or PIN with anyone. No legitimate bank asks for them.
- A referral code is free. Nobody should charge you for one, and you only enter it during sign-up.
- Be careful with pages that copy bank logos. This site is independent and says so, and its app links go straight to the official store listings.
- Check the reward terms inside the app, since the bank sets them.
What to watch
- Rates can drop. MariBank lowered its savings rate in January 2026, so do not assume today’s rate lasts.
- Promo terms change. Reward amounts and conditions can be updated at any time.
- Stay under the insured limit if you are saving a large amount.
Try it
If you decide to open an account, enter MBPINOY2027 during sign-up. Deposit ₱1,000 and keep it for 3 days to receive ₱588, subject to MariBank’s terms. See the referral code page for the steps, or compare it with GCash in MariBank vs GCash.