Best GXS Bank alternatives

#1 alternative

MariBank

active

MAS digital full bank. Sea Limited. SDIC S$100k. Not Shopee Pay and not Grab’s GXS.

4.8

Singapore · SG digital-bank · Sea Limited

7.5Solid

MariBank Singapore Private Limited is an MAS digital full bank. SDIC up to S$100,000 (the 2024 uplift; older blogs still say S$75k). Sea Limited is the shareholder. Shopee Pay is e-money. GXS is the other digital full bank. Trust is Standard Chartered’s digital brand. Three different Singapore objects. Keep reading the live overseas-transfer tariff.

Best for: Singapore citizens, PRs and pass-holders who want an MAS digital bank, not a Shopee wallet.

Licence

Digital full bank — MariBank Singapore Private Limited. SDIC member

Protection

SDIC deposit insurance up to S$100,000 per depositor per member bank

Monthly

S$0 core pitch — confirm live (overseas-transfer fees restated mid-2026)

#2 alternative

Trust Bank, Co. Reg. No. 202039712G, is a MAS digital bank. The homepage prints the SDIC paragraph in full: SGD deposits of non-bank depositors insured up to S$100,000 in aggregate per depositor per scheme member; foreign-currency, dual-currency, structured deposits and other investments are not insured. That is better copy than most digital banks worldwide. Standard Chartered and FairPrice Group are the partnership — they are not the scheme. GXS is Grab-Singtel. MariBank is Sea. Freedom card and TrustInvest are SKUs; only the eligible SGD deposit is SDIC. Keep salary on the savings account, not on the stockback card.

Best for: Singapore residents who want a MAS digital bank with supermarket rewards, and will keep investments off the SDIC line.

Licence

Digital bank — Trust Bank Singapore (Co. Reg. No. 202039712G)

Protection

Homepage Deposit Insurance Scheme box: Singapore dollar deposits of non-bank depositors are insured by SDIC for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Footer: Co. Reg. No. 202039712G. Partnership of Standard Chartered and FairPrice Group — shareholders, not the scheme.

Monthly

Confirm live — savings + cards carry the marketing

#3 alternative

Wise

active

The mid-market FX rail everyone else is measured against.

4.7

London · 16M+ · Public (WISE)

8.6Strong

The control for cross-border. Pair with a licensed local bank for salary protection. Never describe Wise personal as a UK bank account.

Best for: Anyone who receives or sends money across borders for a living.

Licence

EMI (personal)

Protection

Safeguarded e-money at Wise Payments Limited — not FSCS. Wise’s own help: they do not lend customer balances; safeguarding is not a deposit-guarantee scheme. Local account details may sit at partner banks (US: Community Federal Savings Bank in some states).

Monthly

Free personal · Wise Business subscription optional

#4 alternative

Airwallex

active

Global business accounts from a Singapore-born payments company.

4.5

Singapore · 150k businesses · ~$800M raised

8.3Strong

Default APAC business account in this register. Mercury wins US start-ups; Airwallex wins multi-entity trade.

Best for: Exporters, marketplaces, and Aussie/Asian scale-ups paying suppliers in many currencies.

Licence

Payments / EMI-class licences by market

Protection

Safeguarded / stored-value — not a retail bank deposit scheme

Monthly

Account often free · FX and scale pricing on the corridor

#5 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

#6 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