The Tala Wallet is a new mobile wallet that offers you a convenient and secure way to add and transfer cash, pay bills, build your savings goals, and unlock exclusive Tala benefits.
The Tala Wallet is an e-money instrument issued by the UnionBank of the Philippines. UnionBank and EON are regulated by the Bangko Sentral ng Pilipinas (BSP) with email address email@example.com. For more information on Unionbank, click here.
If you’ve been approved for a Tala offer:
We want to provide a hassle free way for you to use your money.
When you disburse your loan to your Tala Wallet, you can pay bills directly from the Tala app. You can also send cash to family and friends or to your bank accounts and e-wallets via InstaPay! You can do all these within the Tala app – it’s fast, seamless, and convenient!
If you don’t have a Tala offer yet:
You can initially use the Tala Wallet to save money. When you cash in and save funds in your Tala Wallet you’ll have higher chances of getting pre-approved to borrow from Tala for the first time.
Even if you don’t have an active Tala offer or you don’t need to borrow at the moment, you can still use your Tala Wallet to pay bills, send money instantly via InstaPay, and to start on your savings goals.
All new customers who apply to Tala will be assessed for both of the following:
For existing customers without a Tala Wallet, you’ll see an option to apply and open an account when you log in to your Tala app.
There are no fees required to open a Tala Wallet. There is also no maintaining balance needed.
As an e-money instrument, the funds in your Tala Wallet can only be redeemed at face value. It does not earn interest nor rewards and other incentives that are convertible to cash. Since it does not earn interest, the Tala Wallet is not considered a deposit account, hence it is not insured with the PDIC.
No, there is no maintaining balance required for your Tala Wallet.
You can save a maximum of ₱100,000 in your Tala Wallet.
Yes, you can! In fact, we encourage you to do this. Here’s why:
You can easily add funds to your Tala Wallet through the following:
To cash in, simply follow these steps:
Cash in fees will depend on your chosen channel:
While Tala doesn’t charge cash in fees, our partners like 7-Eleven and UnionBank may charge convenience fees to make fund transfers to your Tala Wallet easy and accessible.
The minimum & maximum amounts will depend on your chosen cash in channel:
You can cash out conveniently and securely via InstaPay to the digital channels listed below. Fund transfers are available 24/7 and will be credited to your receiving account quickly:
The minimum transfer amount is ₱100 and the maximum transfer amount is ₱50,000 per day.
Yes, effective September 12, 2023, the standard flat fee of ₱15 will apply for each InstaPay transaction. This will apply when you transfer out money from your Tala Wallet to another e-wallet or bank account.
Yes, you can. Once your Tala Wallet has a balance, simply follow these steps to pay bills:
The transaction fees will vary depending on the biller that you are trying to pay.
To know if there are transaction fees or none for your chosen biller, please carefully review your payment details before proceeding.
Tala supports hundreds of billers nationwide. Some of the most common billers are as follows:
You can view the full list by going to your Tala Wallet and browsing through the different biller categories.
Yes, you can use the funds in your Wallet to repay the money that you borrowed from Tala. Payment happens instantly and there are no additional service fees.
Savings goals is a feature of the Tala Wallet that lets you do the following:
Yes, you can edit your goal any time.
Deleting your goal will remove the tracker that shows how much progress you have made. But don’t worry, it will not affect your wallet balance. You can always create a new goal any time with your Tala Wallet.
Yes, you can. Even if you didn’t borrow from Tala recently, you can still use your Tala Wallet to pay bills, send money via InstaPay, or to simply save money.
You can always fund your Tala Wallet through any of our cash in channels listed here.
Your Tala account will remain active. You can continue to cash in and use your Tala Wallet to pay bills, do cash transfers, or save, even if you are currently not able to borrow from Tala.
We’re always happy to help. Please send in the details of your concern through this form and our friendly customer experience advocates will assist you.