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  1. FAQs
  2. Promo

Luv Stash

What is a Luv Stash?

Good question, hun! A Luv Stash is the first and only savings account in the Philippines designed for couples, making it a fun and rewarding way to save for your dream vacation, a cozy home, or any joint aspiration you have. Not in a relationship? What about your bestie, mom, dad, or work partner? XOXO

What are the requirements for me to join the Luv Stash Promo?

It's easy, luv! Check out the mechanics below:

  • Create a Luv Stash from 12:01AM on February 1, 2024 to 11:59PM on February 29, 2024. 
  • The Luv Stash must be named to be eligible.
  • Invite a non-Tonik customer to open a Tonik account, ensure that they verify their new Tonik Account, and join the newly-created Luv Stash with you within the promo period.
  • Both members must contribute at least P14 each to the Group Stash within the promo period.
  • After completing steps 1-3, your Luv Stash will start earning 4.5% interest rate p.a. on March 8, 2024.
  • The Luv Stash will continue to earn 4.5% interest p.a. up to 3 months from the date of creation, as long as both you and your Luv Stash partner maintain the minimum amount in the Luv Stash. Afterwards, the interest rate will revert to 4% interest p.a.


    Learn more here: https://tonikbank.com/luvstash​

How do I join this promo?

It's easy, luv! Check out the mechanics below:

  • Create a Luv Stash from 12:01AM on February 1, 2024 to 11:59PM on February 29, 2024. The Luv Stash must be named to be eligible.
  • Invite a non-Tonik customer to open a Tonik account, ensure that they verify their new Tonik Account, and join the newly-created Luv Stash with you within the promo period.
  • Both members must contribute at least P14 each to the Group Stash within the promo period.
  • After completing steps 1-3, your Luv Stash will start earning 4.5% interest rate p.a. on March 8, 2024.
  • The Luv Stash will continue to earn 4.5% interest p.a. up to 3 months from the date of creation, as long as both you and your Luv Stash partner maintain the minimum amount in the Luv Stash. Afterwards, the interest rate will revert to 4% interest p.a.
How do I create a Tonik Account?

Hi there, luv! Just download the Tonik App, go through the onboarding process, and make sure to upload a valid ID for verification. XOXO

How do I verify my Tonik Account?

Hi there, luv! Upgrading your account is very easy. You only need to upload one (1) of the accepted government-issued IDs and confirm the details of your ID. Sit tight, because the actual upgrading process will be done during the next day after the request has been made. XOXO

How do I create a Luv Stash?

Hi there, luv! After creating and verifying your Tonik Account, go to the “Stashes” tile and tap "Luv Stash." Invite your luv (who should be a new Tonik customer with an account created and verified within the Promo Period) and contirbute PHP 14 each! XOXO

Does my Luv Stash partner have to be a significant other so I can join the promo?

Hi there, luv!  Though we’re targeting couples and significant others for this promo, your Luv Stash partner doesn’t have to be strictly on romantic terms. It can be a best friend, or your sibling, or anyone else you trust enough to save with! As long as it’s a special somebody you have financial goals with and is someone who will open a Tonik Account for the first time and have it verified all within the promo period as well. Luv is everywhere, after all!

Please note that if you will be creating the Luv Stash, you will be the Luv Stash Owner and will have control over the funds. Please be responsible and check out the Group Stash terms here: https://tonikbank.com/general-terms-and-conditions. XOXO

Do I need to sign up for the Luv Stash Promo in order to participate?

No, luv! There's no sign-up process or requirement for this promo, so you can get to luv stashin' right away! XOXO

I closed my Tonik Account before the start of the program. Can I participate in this program if I reopen my Tonik Account?

Sorry luv, but customers who have closed and reopened their Tonik Account are not eligible to participate in this promo. Don't worry, we'll have more surprises for you soon! XOXO

If I make more than one Luv Stash and do the same mechanics during the promo period, will those other Luv Stashes also get the interest rate that is only credited to at least 3 savers contributing?

No, luv! This promotion only applies to one (1) Luv Stash. Should there be more than one (1) Luv Stash created, Tonik has the right to determine which Luv Stash or Group Stash will receive the promotional interest rate. Tonik's decision on determining which group stash receiving the promotional rate is final and binding XOXO

How much do I have to contribute to get the interest rate that is only credited to at least 3 savers contributing in a Luv Stash?

Hi there, luv! In the spirit of Valentine's Day, both you and your Luv Stash partner must contribute at least PHP 14 each during the Promo Period. XOXO

When will the new interest rate that is only credited to at least 3 savers contributing in a Group Stash reflect on my Luv Stash with me and my partner?

Thanks for asking! Your Luv Stash will start earning the new interest on March 8, 2024. Be patient, and remember: true luv waits. XOXO

What is the difference between a Luv Stash and a Group Stash?

Good question, luv. A Group Stash requires at least three savers for it to earn 4.5% interest p.a. On the other hand, a Luv Stash only requires two savers for it to earn the same interest rate. More may be merrier, but two makes it sweeter! XOXO 

What are savers, members, and owner of a Group Stash?

Hi there, luv! Let's break it down:

- An owner is the person who opens the Group Stash
- Members are the people invited by the Owner of the Group Stash to contribute to the Group Stash 
- Savers are all the members of the Group Stash - including the Owner and Members

Hope this clears things up, luv! XOXO

I'd like to learn more about Luv Stash, where do I go?

Looks like someone's ready to Luv Stash! Learn more here: https://tonikbank.com/luvstash​

Does this promo have a DTI permit?

Yes, luv! Here's our permit number: DTI Fair Trade Permit No. FTEB185528 Series of 2024. Learn more here: ​https://tonikbank.com/luvstash

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Unit 605B, 6/F West Wing, The Offices at Estancia, 1605 Meralco Ave, Pasig City

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175A Bencoolen Street, Burlington Square #05-01, Singapore 189650

India

DLF IT Park, 1/124 Block 10, 6th Floor, DLF IT SEZ, Mount Poonamalee Road, Nandambakkam Post, Manapakkam, Chennai 600 089, India

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Deposits are insured by PDIC up to P500,000 per depositor.

Tonik Digital Bank, Inc. is regulated by the Bangko Sentral ng Pilipinas. (Email:consumeraffairs@bsp.gov.ph | Tel: +632 8708-7087)

© 2020 Tonik Digital Bank, Inc.

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Thanks, luv! We've received your details and will contact you as soon as we can.​

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