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, for your regular transactions, and you can create up to 8 Saving Pockets for your saving needs. Just remember that you can only transfer funds from your Saving Pockets to and from your Main Account.

You will earn interest on your Account daily. You may earn different interest rates on your Main Account and Saving Pockets. 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 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 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 to protect our customers, users of our GXS 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 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 app. If you may require, you can always download a copy of your monthly statements from our GXS app.