The EON, officially the EON Cyber Account, is an electronic savings account offered by Union Bank of the Philippines, or UnionBank. It is a savings account, a checking account, and a debit card all in one and has two firsts attributed to its name in terms of two things: first, it is the first electronic savings account in the Philippines, and second, it is a technological marvel in the Philippine setting. The EON project essentially made UnionBank well-known for its technological advances. At present, UnionBank has over 178,000 EON account holders. History The EON project is related to the Internet savings accounts offered in the United States at the time, which permitted 24-hour account access from anywhere in the world. Today, this has become the popular product known as online banking and encompasses various types of deposits. EON was launched in June 2000 as the Philippines' first true cyb