Is Your Money Safe in MariBank? BSP License and PDIC Coverage Explained
MariBank is regulated by the Bangko Sentral ng Pilipinas and deposits are insured by PDIC up to ₱1,000,000. Here is what that actually means.
Updated 1 min read
If you are considering a digital bank, the first question is usually about safety. MariBank operates under the same regulatory framework as traditional banks in the Philippines.
BSP Supervision
MariBank Philippines, Inc. is a licensed digital bank supervised by the Bangko Sentral ng Pilipinas (BSP) [citation:2]. It holds a digital banking license, which places it under the same prudential requirements—capital, liquidity, risk management—that apply to other BSP-supervised financial institutions.
PDIC Insurance
Your deposits are insured by the Philippine Deposit Insurance Corporation (PDIC) up to ₱1,000,000 per depositor [citation:2][citation:9]. This is the standard coverage limit for Philippine banks. If you hold more than ₱1M across accounts in MariBank, the excess is not insured.
What Is Not Covered
PDIC insurance covers deposits in the bank. It does not cover e-wallet balances (like GCash) or investment products. If your money is in a MariBank savings or time deposit account, it falls under the PDIC coverage.
App Security
MariBank uses multi-factor authentication and encryption for account access [citation:2]. As always, never share your OTP or PIN with anyone, and download the app only from official stores.