SeaBank Philippines (A Rural Bank) marks the second anniversary of its mobile banking application and first profitable quarter by offering a cashback rewards program. With this rewards program, customers can earn cashback incentives across its features for every payment with SeaBank, including SeaBank’s Virtual Debit Card.

“We recognize the increasing adoption of digital payments among our customers, and it has always been our commitment to offer seamless financial management to Filipinos,” Seabank President Marco Cabreza said. “As we have now become financially sustainable, we wanted to express our gratitude to our customers by offering the cashback program that we hope would resonate with them through their digital journey.”

Earlier this year, SeaBank marked its first profitable quarter since launching the app in 2022. It recorded a net income of  ₱110.7 million, crediting this profitability to portfolio growth by 127% to ₱13.0 Bn and deposits expansion by ₱20.23 Bn.  

Committed to ensuring customer satisfaction, SeaBank’s cashback program includes incentives such as a ₱100 monthly cashback with its Scan & Pay feature when scanning QRPh codes with any partner merchant store for in-store purchases. Users can earn up to ₱100 monthly cashback using their linked SeaBank accounts in Shopee purchases. 

The mobile banking app also achieved another significant milestone last May with its recently launched virtual debit card that promises rewarding experiences for its users. As the industry-first cashback virtual debit card, SeaBank offers cashback incentives for all purchases when customers use the mobile app’s virtual debit card for online payments such as in ride-hailing, food, and online shopping apps. 

Additionally, first-time users are eligible for a ₱500 Shopee Voucher on their first-ever deposit and a  ₱150 Welcome Reward upon reaching a ₱10,000 total spend during the first 60 days of activating their virtual debit card. SeaBank also has no minimum transaction fee, allowing users to earn 0.30% cashback for every purchase. 

To learn more about SeaBank Philippines’ cashback program, please visit https://www.seabank.ph/.