GXS Bank review
Free Singapore banking with savings pockets, daily interest and local transfers.
Reviewed by iTechGuides Editors · Editorial team · Updated Nov 2026
GXS Bank is a Singapore digital bank for everyday consumers and eligible small businesses who want mobile accounts for saving and local payments. Its personal account includes a Main Account, goal-based Saving Pockets and a fixed-term Boost Pocket, alongside a debit card. GXS offers a separate business account, and its app is available on iOS and Android. Personal account activation also involves the Grab app, so the setup path is not limited to GXS Bank’s own app.
Savings organization is a central part of the personal account. Saving Pockets let customers set goals, with up to eight available, while the Boost Pocket offers a fixed term with base and bonus interest. The Main Account advertises 0.88% p.a.; rates vary by pocket and may change. Interest is credited daily. These features may suit people who want to separate savings goals or set aside money for a fixed term, but the changing rates mean customers should check the current terms before choosing a pocket. The personal account does not support cash or cheque services.
For everyday banking, GXS supports PayNow and FAST local transfers, and its debit card offers rewards on qualifying spend. The business account also advertises daily interest and no account fees. GXS holds a licence issued by the Monetary Authority of Singapore, and account availability and eligibility are subject to its requirements. Chat and documentation are listed support channels, with support available 24/7. Consider GXS if you are in Singapore and value savings pockets and local transfers; choose another option if you need cash or cheque access for a personal account.
GXS Bank pros and cons
- Where it wins
- Goal-based Saving Pockets, with up to eight available
- PayNow and FAST local transfers
- Personal and business accounts with daily interest
- Where it doesn't
- No cash or cheque services for the personal savings account
- Personal account activation requires the Grab app
- Interest rates and promotions can change
GXS Bank fact sheet, pricing and score →
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