Komo is a digital banking service offered by EastWest Bank. It allows customers to open and manage their accounts completely online. This means all transactions and account management can only be done through the app. They offer a savings return with lower overhead cost to customers in the form of high interest rates on their savings account.
You are not required to have an existing EastWest account to open a Komo account. You just need to complete the required personal information and submit one valid government ID for account verification.
Komo has the following features:
- Save money with high interest rate of 2.5% per annum
- Cash-in and Cash-out features
- Bills Payments
- Insurance
- Physical Debit Card
In this guide, a step-by-step procedure to pay Manila Water bill will be shown.
No Komo app yet?
Click the icon below to download the app to your smartphone via Google Play for Android users and App Store for iOS users.
Pay Manila Water bill
KOMO Features
DEPOSIT MONEY. This feature is still not enabled. But, you can still fund your account using other local bank and e-wallet accounts. Using bank transfer (via InstaPay), you can send money to Komo account by selecting Komo/EastWest Bank in the bank option. Save your money and earn up to 2.5% interest per year.
INSURANCE. Customize your own protection plan.
MONEY TRANSFER. Send money to participating local banks and e-wallets account.
PAY BILLS. Pay utility bills and services.
DEBIT CARD. Activate Debit Card and link to your account.
For more information, visit Komo website, https://www.komo.ph/ and read Terms and Conditions on using the app.