Malaysia
activeNeobankHalal banking
- HQ
- Kuala Lumpur
- Fee
- Digital-bank SKU — confirm live
GXBank
BNM digital bank. PIDM member. Formerly A5-DB Operations (M) Berhad. Grab’s Malaysian bank.
Legal entity: GX Bank Berhad
Rate this app
7.3Solid
AlternativesFive questions
At a glance
Is it a bank?
Yes — Digital bank — GX Bank Berhad, Reg. 202101014409 (1414709-A). PIDM member (Bank Negara Malaysia). Still read the entity on the statement.
If it fails?
Footer: GX Bank Berhad (formerly A5-DB Operations (M) Berhad, Reg No. 202101014409 (1414709-A)) holds a digital bank licence from Bank Negara Malaysia and is a member of Perbadanan Insurans Deposit Malaysia (PIDM). Eligible deposits follow PIDM — confirm the live cap on PIDM’s list of insured deposits (linked from their footer). Not GrabPay. Not AEON Bank (Islamic digital bank, separate company).
Salary?
A BNM digital-bank account can take a Malaysian salary. Confirm the account number GXBank issues.
Open from abroad?
Malaysian KYC. Not a tourist MYR mill.
Monthly fee
Confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
7.3
/10 · Solid
GX Bank Berhad, formerly A5-DB Operations (M) Berhad, Reg No. 202101014409 (1414709-A), holds a Bank Negara Malaysia digital-bank licence and is a PIDM member — that paragraph is on gxbank.my in English and Malay. Address: Level 5, 1 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor. AEON Bank is the Islamic digital-bank peer. Be U is Bank Islam’s skin. GrabPay is a wallet. Eligible deposits follow PIDM; confirm the live cap on the PIDM brochure they link. GXS in Singapore is a different company and a different scheme (SDIC). Do not smash the two GX logos into one file.
What it is
Grab’s Malaysian bank. The former A5-DB name is how you find it on old BNM PDFs. PIDM is how you score it.
Best for: Malaysian residents who want Grab’s BNM digital bank with PIDM, not a wallet.
Last checked 2026-09-03. Not advice.
What it does well
- +BNM digital-bank licence on the footer
- +PIDM member named
- +Former name published (A5-DB Operations)
- +Petaling Jaya address published
What to watch
- −Malaysia-resident
- −Grab is distribution, not PIDM
- −Not AEON Bank’s Islamic charter
- −Young book
Legal entity, not the app icon
Who is behind it
- Legal name
- GX Bank Berhad
- Formerly
- A5-DB Operations (M) Berhad
- Parent
- Grab-group digital bank — confirm live shareholders
- Offices
- Level 5, 1 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor, Malaysia
The product, not the brand colour
The account
- Platforms
- iOS · Android
- Account types
- Personal · Biz account · Biz FlexiLoan
- Partner bank
- GX Bank Berhad
- Availability
- Malaysia
- Remote open
- Malaysian KYC. Not a tourist MYR mill.
- Onboarding
- GXBank app. MyKad-class identity.
- KYC documents
- MyKad / Malaysian identity as asked.
- Salary / payroll
- A BNM digital-bank account can take a Malaysian salary. Confirm the account number GXBank issues.
- Local rails
- DuitNow / local MYR bank rails
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal · Business
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- visa · physical · virtual · Apple Pay · Google Pay
Licence first
Safety
Footer: GX Bank Berhad (formerly A5-DB Operations (M) Berhad, Reg No. 202101014409 (1414709-A)) holds a digital bank licence from Bank Negara Malaysia and is a member of Perbadanan Insurans Deposit Malaysia (PIDM). Eligible deposits follow PIDM — confirm the live cap on PIDM’s list of insured deposits (linked from their footer). Not GrabPay. Not AEON Bank (Islamic digital bank, separate company).
Holder / issuer: GX Bank Berhad
- Bank Negara MalaysiaDigital bank — GX Bank Berhad, Reg. 202101014409 (1414709-A). PIDM member · Malaysia
Fees
- Monthly
- Confirm live
- FX markup
- Not a travel specialist
- ATM
- Confirm live
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- ✓Business
- –Kids
- –Halal
- BNM digital bank
- PIDM member
- Personal + Biz account
- DuitNow
- Grab distribution
Before you tap Sign up
How to open
Step 1
Name the company
GX Bank Berhad, 202101014409 (1414709-A). BNM digital bank. PIDM member.
Step 2
Malaysian KYC
GXBank app. MyKad.
Step 3
Do not mix with GXS Singapore
Different company, different central bank, different scheme.
Official help: www.gxbank.my/
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 8.4
- Fees20%
- 8.0
- Features15%
- 7.6
- App15%
- 8.2
- Global15%
- 3.2
- Support10%
- 7.2
Change log
Full logLicence
GX Bank Berhad — BNM digital bank, PIDM member
Formerly A5-DB Operations (M) Berhad, 202101014409 (1414709-A). Petaling Jaya. Not GXS Singapore.
Available in
Straight answers
FAQ
01Is GXBank a bank?
GXBank holds a banking-style licence (Bank Negara Malaysia). Still read the legal entity on the statement, not the app icon.
02How is money protected?
Footer: GX Bank Berhad (formerly A5-DB Operations (M) Berhad, Reg No. 202101014409 (1414709-A)) holds a digital bank licence from Bank Negara Malaysia and is a member of Perbadanan Insurans Deposit Malaysia (PIDM). Eligible deposits follow PIDM — confirm the live cap on PIDM’s list of insured deposits (linked from their footer). Not GrabPay. Not AEON Bank (Islamic digital bank, separate company).
03Where is GXBank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with GXBank.
04Card and wallets?
visa · physical · virtual · Apple Pay · Google Pay
05Can I open GXBank remotely?
Malaysian KYC. Not a tourist MYR mill.
06What is the legal name behind GXBank?
GX Bank Berhad (formerly A5-DB Operations (M) Berhad). Read the entity on the statement, not the app icon.
07Can I receive salary on GXBank?
A BNM digital-bank account can take a Malaysian salary. Confirm the account number GXBank issues.
08What documents does GXBank ask for?
MyKad / Malaysian identity as asked.
09Is GXBank the same as GXS?
No. GX Bank Berhad is a BNM digital bank with PIDM. GXS Bank Pte. Ltd. is a MAS digital bank with SDIC. Grab is in both stories. The licences are not.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
Alternatives
Full alternatives page
Be U
Bank Islam Malaysia’s digital brand. PIDM follows Bank Islam. Migrating into BIMB Mobile.
4.3
6.7Mixed
activeNeobankHalal banking
- HQ
- Kuala Lumpur
- Fee
- Islamic current / savings SKUs — confirm live
GXS Bank
MAS digital full bank. SDIC S$100k on its own homepage. Grab + Singtel. 3 Media Close.
7.5Solid
activeFeaturedNeobank
- HQ
- Singapore
- Fee
- Confirm live — savings SKUs carry the marketing