Filipino adults financial account ownership slightly dips in 2024

As of end-2024, 50.2% of Filipino adults aged 15 and above possessed financial accounts, a slight decrease from 51.4% in 2021, according to the World Bank's Global Findex 2025 report.

This ownership rate lags behind regional and global averages, as well as the Bangko Sentral ng Pilipinas' (BSP) previous goal for adult inclusion.

The BSP acknowledges the decline may be partly due to the easing of pandemic-related incentives for using transaction accounts and emphasizes the need to focus on improving financial health, especially for vulnerable sectors.

The BSP remains committed to working with partners to onboard more Filipinos to the formal financial system and support their financial well-being through inclusive, secure, and accessible financial services.