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

Kestrl is a habit layer. Keep a Monzo/Starling/high-street account for the actual deposit. Halal branding does not move FSCS.

Best for: UK Muslims who want a money app that speaks their constraints, with a real bank still underneath.

Licence

App + partner EMI/bank rails

Protection

If a spending account exists, it is partner-EMI or bank — not Kestrl-as-bank

Monthly

Freemium / subscription SKUs — confirm live

#5 alternative

Brex

active

US start-up cards and spend. Not a bank, on purpose.

3.9

San Francisco · Tens of thousands of firms · $1B+ raised historically

7.3Solid

Brex is a card and spend platform. Ramp is the rival. Mercury is the checking account you put underneath.

Best for: US start-ups that want Ramp-class cards with a slightly different religion.

Licence

Commercial card + treasury partners

Protection

Treasury/cash sits at partner banks or money-market — cards are credit/charge

Monthly

Card program; rewards-funded for eligible start-ups

#6 alternative

Found

active

US banking for the self-employed: taxes, invoices, and a debit card.

4.8

San Francisco · Self-employed base · Series-era (Allianz x others)

7.3Solid

Found is the freelancer current account. Novo is generic SMB. Relay is multi-entity ops.

Best for: US freelancers who hate QuickBooks more than they hate banks.

Licence

Fintech with partner banks

Protection

FDIC via Piermont Bank and partners

Monthly

Free core