Mana

Mana is a financial technology company that provides US dollar accounts, a Visa card, and remittance services for Filipinos earning or living abroad. It is not a bank but partners with SSB for banking services. The service is designed for freelancers, overseas Filipino workers in the US, and those planning to migrate.

To get started, users must download the official Mana app from the App Store or Google Play. They can open an account for free using a Philippine passport, driver's license, or PhilSys ID without needing an SSN. Early access registration is required for new users in beta.

The Mana Visa card can be added to Apple Pay and Google Pay instantly and offers 1-3% cashback on select merchants, with 3% specifically on select merchants. The card is backed by Visa and carries standard fraud protections.

Fees and exchange rates as of November 10, 2026, show that sending $100 from the US to the Philippines costs $0.25 in fees with Mana, while Wise charges $7.47, Remitly $1.11, Western Union $4.95, and PayPal $8.97. Mana uses the real-time mid-market rate with no spread.

The Save feature allows users to earn yield on their USD balance with no lock-up and no minimum deposit, though the rate is current, may change, and is not guaranteed. This feature is distinct from the FDIC-insured deposit accounts provided by SSB.

Banking services are provided by SSB, which is a Member FDIC, meaning funds deposited are eligible for insurance up to $250,000 per depositor. The Save yield feature is not a deposit account and is not FDIC-insured.

The company is based at 153 Kearny Street, San Francisco, CA 94108, and was founded by Paco Litonjua and Akshat Parwal. Both co-founders are HBS graduates who built the platform to address financial gaps for immigrants.

The company claims to have trusted by 10,000+ Filipinos and is currently in beta for early access. It operates as a registered US Money Services Business under applicable money transmitter licenses.

Some users on Reddit say Mana is an alternative for those tired of high remittance fees to the Philippines from the US. They highlight the real-time mid-market rate and the ability to invoice clients and get paid like a local.

The platform allows users to hold dollars, earn yield on their balance, send money home, and spend with a Mana Visa card all from one app. It also supports ACH, wire, and credit/debit card payments.

The company states that every third party that touches funds is licensed, regulated, and reviewed before being partnered with. This includes vetted partners at every step of the money movement process.

The website says the Mana card is issued by a card partner under license from Visa. The Save feature is explicitly described as a yield feature rather than a deposit account.

The company provides a business email at support@mymana.xyz and a phone number at +1 (857) 270-0094 for customer support inquiries.

The website mentions that the company was founded by immigrants who experienced financial identity resets at the border, which inspired the creation of Mana to change the high-fee, opaque-term experience.

The official website of Mana is mymana.xyz.