NeoBankDB

MY · MYR

Malaysia digital banks

BNM licensed a handful of digital banks. GX Bank Berhad (formerly A5-DB Operations (M) Berhad, 202101014409) holds a digital-bank licence and is a PIDM member — Grab’s Malaysian bank, not GXS Singapore. AEON Bank is the Islamic digital-bank name people search. Be U is Bank Islam’s digital brand — PIDM follows Bank Islam, and the app is migrating into BIMB Mobile. PIDM membership is the safety line, not the word ‘digital’.

3Live on NeoBankDB

Regulator

Bank Negara Malaysia (BNM)

Deposit scheme

PIDM protects eligible deposits at member banks (limits follow PIDM rules)

In this market

Licence still sits on the product
ProductScoreHQMonthlyFXUsersLicence
GXBank7.3Petaling Jaya, MalaysiaConfirm liveNot a travel specialistMalaysia digital bankDigital bank — GX Bank Berhad, Reg. 202101014409 (1414709-A). PIDM member
Be U6.7Kuala Lumpur, MalaysiaIslamic current / savings SKUs — confirm liveNot a travel cardBank Islam digitalDigital brand of Bank Islam Malaysia Berhad — Islamic bank
AEON Bank6.6Kuala Lumpur, MalaysiaDigital-bank SKU — confirm liveNot a travel cardLaunch-eraIslamic digital bank

Questions

01

Is an Islamic digital bank PIDM-protected?

If it is a licensed bank and a PIDM member, eligible deposits are covered. Confirm the member name on PIDM’s list, not the app store tile.

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