Singapore
MariBank
MAS digital full bank. Sea Limited. SDIC S$100k. Not Shopee Pay and not Grab’s GXS.
4.8
7.5Solid
activeNeobankBusiness banking
- HQ
- Singapore
- Fee
- S$0 core pitch — confirm live (overseas-transfer fees restated mid-2026)
GXS Bank
MAS digital full bank. SDIC S$100k on its own homepage. Grab + Singtel. 3 Media Close.
Legal entity: GXS Bank Pte. Ltd.
Rate this app
7.5Solid
AlternativesFive questions
At a glance
Is it a bank?
Yes — Digital full bank — GXS Bank Pte. Ltd. (202005626H) (Monetary Authority of Singapore). Still read the entity on the statement.
If it fails?
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.
Salary?
A MAS digital-bank SGD account can take a Singapore salary. Confirm GIRO/PayNow details GXS issues.
Open from abroad?
Singaporean / eligible resident KYC. Not a tourist SGD mill.
Monthly fee
Confirm live — savings SKUs carry the marketing
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
7.5
/10 · Solid
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.
What it is
Grab-Singtel’s bank. The UEN and the SDIC line are the file. The cherry-on-top copy is not.
Best for: Singapore residents who want a MAS digital bank with SDIC, not a Grab wallet.
Last checked 2026-09-03. Not advice.
What it does well
- +SDIC S$100k on the homepage
- +Named MAS digital full bank
- +Grab / Singtel distribution
- +UEN 202005626H on the footer
What to watch
- −Singapore-resident
- −Shareholders are not the scheme — SDIC is
- −Savings rates are marketing
- −Not a multi-currency SME account (Airwallex is)
Legal entity, not the app icon
Who is behind it
- Legal name
- GXS Bank Pte. Ltd.
- Parent
- Grab · Singtel (shareholders, not the scheme)
- Offices
- 3 Media Close, #09-00, Singapore 138498
The product, not the brand colour
The account
- Platforms
- iOS · Android · Grab app · Singtel app
- Account types
- Savings / Boost Pockets · travel SKU
- Partner bank
- GXS Bank Pte. Ltd.
- Availability
- Singapore
- Remote open
- Singaporean / eligible resident KYC. Not a tourist SGD mill.
- Onboarding
- GXS Bank app, or via Grab / Singtel as their homepage says.
- KYC documents
- Singpass / NRIC-class identity.
- Salary / payroll
- A MAS digital-bank SGD account can take a Singapore salary. Confirm GIRO/PayNow details GXS issues.
- Local rails
- FAST / PayNow / GIRO on the bank account
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- 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
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.
Holder / issuer: GXS Bank Pte. Ltd.
- Monetary Authority of SingaporeDigital full bank — GXS Bank Pte. Ltd. (202005626H) · Singapore
Fees
- Monthly
- Confirm live — savings SKUs carry the marketing
- FX markup
- Travel SKU exists (GXS Odyssey) — confirm live FX
- ATM
- Confirm live
- Interest
- Boost Pocket rates are marketed live — confirm in-app
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- –Kids
- –Halal
- MAS digital full bank
- SDIC S$100k printed
- Accessible from Grab and Singtel apps
- Savings / Boost Pockets
- GXS Odyssey travel SKU
Before you tap Sign up
How to open
Step 1
Name the UEN
GXS Bank Pte. Ltd. 202005626H. MAS digital full bank. SDIC S$100k.
Step 2
Singpass
GXS app, or Grab / Singtel. Resident KYC.
Step 3
Do not confuse with GrabPay
Wallet ≠ bank. SDIC follows the bank.
Official help: www.gxs.com.sg/
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 8.6
- Fees20%
- 8.0
- Features15%
- 7.8
- App15%
- 8.4
- Global15%
- 4.0
- Support10%
- 7.4
Change log
Full logSafety
GXS Bank Pte. Ltd. prints SDIC S$100k on the homepage
UEN 202005626H. 3 Media Close, #09-00, Singapore 138498. Grab/Singtel are distribution, not the scheme.
Available in
Straight answers
FAQ
01Is GXS Bank a bank?
GXS Bank holds a banking-style licence (Monetary Authority of Singapore). Still read the legal entity on the statement, not the app icon.
02How is money protected?
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.
03Where is GXS Bank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with GXS Bank.
04Card and wallets?
visa · physical · virtual · Apple Pay · Google Pay
05Can I open GXS Bank remotely?
Singaporean / eligible resident KYC. Not a tourist SGD mill.
06What is the legal name behind GXS Bank?
GXS Bank Pte. Ltd.. Read the entity on the statement, not the app icon.
07Can I receive salary on GXS Bank?
A MAS digital-bank SGD account can take a Singapore salary. Confirm GIRO/PayNow details GXS issues.
08What documents does GXS Bank ask for?
Singpass / NRIC-class identity.
09Is GXS the same as GrabPay?
No. GXS Bank Pte. Ltd. is a MAS digital full bank with SDIC. GrabPay is a wallet. Same group story, different legal object.
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 pageTrust Bank
MAS digital bank. Standard Chartered + FairPrice. SDIC S$100k printed on the homepage.
7.6Solid
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