Best GXBank alternatives

#1 alternative

AEON Bank

active

Malaysia’s Islamic digital bank. BNM licence. Not the Japanese AEON Bank Ltd.

Kuala Lumpur · Launch-era · AEON group capital

6.6Mixed

Score AEON Bank Malaysia as a BNM Islamic digital bank. Do not mix it with AEON Bank Ltd in Japan (FSA), which is a different company. PIDM follows the Malaysian licence. This is not a travel IBAN.

Best for: Malaysian residents who want a BNM Islamic digital bank, not a wallet.

Licence

Islamic digital bank

Protection

PIDM on eligible deposits at the licensed bank — confirm PIDM membership on the live legal page

Monthly

Digital-bank SKU — confirm live

#2 alternative

Be U

active

Bank Islam Malaysia’s digital brand. PIDM follows Bank Islam. Migrating into BIMB Mobile.

4.3

Kuala Lumpur · Bank Islam digital · Bank Islam Malaysia Berhad

6.7Mixed

Be U is Bank Islam Malaysia Berhad’s digital brand. PIDM follows Bank Islam. In 2026 the Be U app is being onboarded into BIMB Mobile and progressively phased out. That is a skin change, not a wind-down of the deposit. AEON Bank is the separate BNM Islamic digital bank on this desk.

Best for: Malaysian residents who want Bank Islam PIDM with a pink app, and will move to BIMB Mobile when told.

Licence

Digital brand of Bank Islam Malaysia Berhad — Islamic bank

Protection

PIDM on eligible deposits at Bank Islam Malaysia Berhad — Be U is the skin, Bank Islam is the member

Monthly

Islamic current / savings SKUs — confirm live

#3 alternative

GXS Bank

active

MAS digital full bank. SDIC S$100k on its own homepage. Grab + Singtel. 3 Media Close.

Singapore · Singapore digital bank · Grab · Singtel

7.5Solid

GXS Bank Pte. Ltd. (202005626H) is a MAS digital full bank. The homepage prints the only sentence that matters: insured up to S$100K by SDIC. Address on the footer: 3 Media Close, #09-00, Singapore 138498. Grab and Singtel are distribution — you can open from those apps — they are not the deposit. MariBank is Sea’s MAS digital bank. Trust is Standard Chartered + FairPrice. Airwallex is payments. Dash and GrabPay are wallets. If a roundup called GXS a fintech wallet, it lied. Eligible SGD deposits at this member bank follow SDIC; foreign-currency and investment SKUs do not.

Best for: Singapore residents who want a MAS digital bank with SDIC, not a Grab wallet.

Licence

Digital full bank — GXS Bank Pte. Ltd. (202005626H)

Protection

Homepage: insured up to S$100K by SDIC. Terms apply. Footer: © 2026 GXS Bank Pte. Ltd. (202005626H). 3 Media Close, #09-00, Singapore 138498. Eligible SGD deposits at an SDIC member bank. Not GrabPay. Not Singtel Dash. Not Airwallex.

Monthly

Confirm live — savings SKUs carry the marketing

#4 alternative

Yuh

active

Yuh is not a bank. Swissquote Bank Ltd is. esisuisse cover is CHF 100,000, shared.

Gland · Swiss all-in-one app · Swissquote (100% after July 2025)

7.6Solid

Yuh is not a bank. The English homepage says it in one paragraph: Swissquote Bank Ltd provides the banking, FINMA authorises that bank, and esisuisse cover is CHF 100,000 shared with Swissquote. July 2025 ended the PostFinance joint venture. If you already hold cash at Swissquote, do not count CHF 100,000 twice. Zak is Bank Cler. Neon sits at Hypothekarbank Lenzburg. Read those files separately.

Best for: People who live in Switzerland and want spend plus invest, and who accept Swissquote as the bank.

Licence

Fintech app — not a bank

Protection

Yuh itself is not a bank. Banking sits at Swissquote Bank Ltd, FINMA-authorised. esisuisse covers eligible deposits up to CHF 100,000. Yuh and Swissquote are one entity, so the cap is shared.

Monthly

No fees whenever possible — live list on yuh.com/en/pricing

#5 alternative

Chase UK

active

J.P. Morgan Europe Limited trading as Chase. UK bank, PRA/FCA, FSCS up to £120,000.

London · UK digital bank · JPMorgan Chase

7.6Solid

Chase UK is a bank. The legal name is J.P. Morgan Europe Limited. PRA-authorised, FCA-regulated, FSCS up to £120,000. It is a useful UK current account with honest travel spend. It is not Revolut’s multi-country stack and not a US Chase login. UK tax residents only.

Best for: UK residents who want a JPMorgan current account in an app, with FSCS, and cheap travel spend.

Licence

UK bank

Protection

FSCS up to £120,000 per depositor per bank (Chase UK FSCS page) at J.P. Morgan Europe Limited.

Monthly

£0

#6 alternative

Neo Financial

active

Calgary fintech. Not an OSFI bank. Eligible cash sits in trust at CDIC-member institutions.

Calgary · Canadian fintech · Private

6.8Mixed

Neo Financial is not a bank. Neo Financial Technologies Inc. is a Calgary fintech, a FINTRAC money-services business and a payments-Canada PSP. CDIC cover, when it applies, follows the member institution that holds the funds in trust — Peoples Bank of Canada is named on the HISA. File it as a Canadian app with a partner-bank deposit, not as EQ Bank.

Best for: Canadian residents who want the Neo app and will read which CDIC member holds the cash.

Licence

MSB and payment service provider

Protection

Neo is not a CDIC member. Eligible funds held in trust at CDIC-member institutions can be covered up to CAD $100,000 per beneficiary per member institution.

Monthly

$0 monthly on chequing, on the September 2026 agreement