Terms & conditions at a glance
You can open 1 GXS Savings Account in your own name and deposit up to a maximum amount into your Account. This is a digital banking account accessible by our GXS app with no cash or cheque services.
You must be at least 16 years old to open a GXS Savings Account. Do also ensure that you provide us with your most updated personal particulars.
Your Account comes with a Main Account, up to 8 Saving Pockets and up to 1 Boost Pocket.
Your Main Account is for your regular transactions, and you can create up to 8 Saving Pockets for your saving goals and budgeting purposes. Just remember that you can only transfer funds from your Saving Pockets to and from your Main Account.
You may also lock your funds away in a Boost Pocket to earn higher base + bonus interest rates, if available. If you need to use your funds urgently, you can close your Boost Pocket before lock in period is over, earn the base interest to date and forfeit the bonus interest. You will need to fund your Boost Pocket from your Main Account during creation, and the funds from your Boost Pocket will return to your Main Account upon closure.
You will earn interest on your Account daily and bonus interest on your Boost Pocket when it matures. You may earn different interest rates on your Main Account, Saving Pockets and Boost Pocket. We will credit the interest into your Account so long as the interest amount earned is at least $0.01. Rest assured you can continue to earn interest even if you have reached the maximum balance amount for your Account.
We place our focus on providing digital and paperless services to you, therefore you will be able to download your monthly statements from our GXS app.
Your safety during banking is our top priority. Hence, we will act on instructions that come from authenticated channels so do not share your login information with anyone. Remember you must verify and exercise caution with any hyperlink in any SMS or e-mail claimed to be sent by us. If we detect any suspicious activity, we may choose not to act on those instructions to protect you.
To safeguard your interests and keep banking safe for you, we may change your maximum balance amount and/or stop incoming transactions. You are able to receive and/or send money through channels such as FAST, PayNow and eGIRO. Do make sure the transfer details are correct.
Please refer to the full GXS Savings Account terms and conditions here.
Apart from using our GXS Bank app to open a GXS Savings Account, you can also do so via the Grab and Dash apps. Simply click on ‘Activate GXS Savings Account’ in the apps to start.
Once you have opened your GXS Savings Account, you can link it to your Grab and Dash apps to view your Main Account balance. Do remember that you should only link your GXS Savings Account to your own Grab and Dash accounts.
You can also manage the daily transaction limit you can spend from your GXS Savings Account on the apps. You will also be able to top up your GrabPay Wallet and Dash Wallet Account directly from your linked GXS Savings Account.
Do remember that you should only link your GXS Savings Account to your own Grab account and Dash account.
You can use your linked GXS Savings Account to pay for Grab Transport, Food, Mart and Express transactions on your Grab app and at selected merchants on your Dash app.
When you pay with your GXS Savings Account on your Grab app, you will receive 1.2X of the GrabRewards points usually awarded by Grab, as a Spend Boost.
Note that Grab’s and Dash’s terms apply for their apps, and Grab's terms apply for its GrabRewards programme. Please refer to the full GXS Bank Ecosystem Terms for Grab here and for Dash here.
By using our GXS website and/or app, you agree to comply with the guidelines and code of conduct as set out in the Terms of Use and Acceptable Use Policy. These form part of our efforts at GXS Bank to protect our customers, users of our GXS Bank website and app, and the wider internet community from inappropriate use of our services, platforms and the internet.
Once you have a GXS Savings Account, you can create a virtual GXS Debit Card which is linked to your GXS Savings Account. You will be able to choose your preferred Card design.
With this virtual Card, you can access your card details securely in our GXS Bank app to transact online. Any spend made with Card will be funded from the Main Account of your GXS Savings Account.
You can also request for a physical GXS Debit Card. It will bear the same design and card number as your virtual Card. Equipped with the physical Card, you can transact anywhere where a Mastercard Card is accepted.
For extra security, you can freeze your Card when required. New Card transactions will not be approved if your Card is frozen.
To also give you flexibility and control over your spending, you can set your preferred daily Card transaction limit in the app and set it to allow physical (point-of-sales) transactions overseas.
Cash withdrawals will not be available for both your virtual and physical Card.
Please refer to the Card Account Terms here.
GXS Debit Card Rewards: For each qualifying spend of at least S$10 made on your Card, you will receive a surprise cash reward which will be credited to your GXS Savings Account. To find out more about the qualifying transactions, please refer to Rewards Terms here.
All your Card transaction and Rewards details are made accessible through our GXS Bank app. If you may require, you can always download a copy of your monthly statements from our GXS Bank app.
The GXS FlexiLoan is a standby revolving line of credit that is accessible through our GXS Bank app.
You can open 1 GXS FlexiLoan Account in your own name and draw multiple loans up to your credit limit. You may make repayments in equal monthly instalments if instalment loans are drawn. No fees are chargeable, but additional late interest will accrue on late payments. You may also be assigned a balance transfer sub-limit under your credit limit allowing you to draw a balance transfer loan up to your available sub-limit with a one-time processing fee.
Funds drawn from your GXS FlexiLoan can be transferred to your GXS Savings Account or your third-party bank account registered with PayNow. You may draw up to 10 active loans at a time within your credit limit. The minimum loan amount is S$200 per loan for instalment loans and S$1,000 per loan for balance transfer loans. You may choose your preferred tenure for each loan, and the repayment date applicable to your loan(s).
You may make loan repayments within our GXS Bank app with funds from your GXS Savings Account or your third-party bank account. You should ensure that fund transfer details are accurate as there is no guarantee we will be able to reverse any erroneous transaction.
We place focus on providing digital and paperless services to you, therefore you will be able to download your monthly statements from our GXS Bank app.
You must be at least 21 years old, a Singaporean citizen or permanent resident, and earn a minimum income of S$20,000 p.a. to open a GXS FlexiLoan Account with us.
Please refer to the full GXS FlexiLoan terms and conditions here.
The GXS FlexiCard is a fee-based, interest-free credit card designed to offer convenience and flexibility to its users. This card comes with both a virtual and physical card, providing you with the freedom to make transactions online or in-store. One of the key features of the FlexiCard is its fixed S$500 credit limit, which allows you to make purchases within this limit.
You can access your card details securely in our GXS Bank app to transact online. Equipped with the physical Card, you can transact anywhere a Mastercard Card is accepted.
For extra security, you can freeze your Card when required. New Card transactions will not be approved if your Card is frozen.
To also give you flexibility and control over your spending, you can set your preferred daily Card transaction limit in the app and set it to allow physical (point-of-sales) transactions overseas.
Cash withdrawals will not be available for both your virtual and physical Card.
All your Card transaction and Rewards details are made accessible through our GXS Bank app. The FlexiCard comes with monthly statements that include the minimum payment amount due. You can choose to pay the full amount or the minimum amount, but keep in mind that paying only the minimum will result in additional fees.
For full terms and conditions and fees/charges, please refer to the Card Account Terms here.
GXS FlexiCard Rewards: For each qualifying spend of at least S$10 made on your Card, you will receive a surprise cash reward which will be credited to your GXS FlexiCard Account, which will immediately offset your current balance. To find out more about the qualifying transactions, please refer to Rewards Terms here.
The Terms of Use and Acceptable Use Policy forms part of our efforts at GXS Bank to protect our customers, users of our website and our mobile app, and the wider internet community from inappropriate use of our services, platforms and the internet.
These include proper guidelines and code of conduct that apply when you interact with our website and/or app in any way.
By using our GXS Bank app and/or website, you agree to comply to our Terms of Use and Acceptable Use Policy.
GXS Odyssey is GXS's very own loyalty platform where you can get rewards from completing missions that help you to achieve your financial goals!
Please refer to the full GXS Odyssey terms and conditions here.
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