Singapore · Banking & Payments

GXS Bank

One of Singapore's licensed digital banks, offering fully online banking without physical branches.

What it helps with

Savings with interestNo branch visit.
Opening an account in minutesWith Singpass.
Grab usersLinked ecosystem.

About GXS Bank

GXS Bank is one of Singapore's digital banks, licensed by the Monetary Authority of Singapore, offering savings accounts and other banking products entirely online without physical branches, backed by Grab and Singtel.

Key Features

Fully Digital: All banking done through the app, no physical branch visits required.
Savings Accounts: Offers savings products, often with competitive interest rates to attract digital-first customers.
Grab Ecosystem Connection: Backed by Grab, potentially integrating with the wider Grab super-app experience.
Fast Account Opening: Digital account opening process, generally faster than traditional bank branch visits.

How to Get Started

Download the GXS Bank app and begin the account opening process.
Complete identity verification digitally, typically requiring Singpass.
Fund your account and explore available savings or banking products.
Manage your account entirely through the app going forward.

Before you use it

Sign-up: Account opening uses Singpass, so an NRIC or FIN is needed.
Limits: Digital banks in Singapore cap total deposits per customer.

English available Local number needed Local ID needed

Frequently Asked Questions

Does GXS Bank work with a foreign bank card in Singapore?: Not reliably - a foreign card may be declined. Check the notice above, or plan to use a local payment method.
Is GXS Bank available in English?: Yes, GXS Bank has an English-language interface.
Do I need a local phone number to use GXS Bank?: Yes, GXS Bank requires a local phone number to register.
Do I need local ID or residency for GXS Bank?: Yes, GXS Bank requires local ID or residency status.
Where can I use GXS Bank?: iOS · Android
How much does GXS Bank cost?: No monthly fees; interest on savings