GXS Bank Referral Code KELV938 – Savings Account, Cashback & Review
A Digital Bank Owned By Grab and Singtel
Sign up with GXS Bank using the referral code: KELV938.
Enjoy S$20 cashback with a deposit of minimum S$5,000 into a 3-month Boost Pocket named “First Boost”. Offers are valid till 30 June 2026. Don’t miss out!
What you get:
- GXS Savings Account – Daily interest, SDIC-insured up to S$100,000
- GXS Debit Card – Instant cashback on eligible spend (minimum spend applies)
- GXS FlexiLoan – Flexible borrowing with transparent pricing
- GXS FlexiCard – No interest charges, no minimum income requirement
After signing up, you can also use your own referral code and earn S$8 for each eligible friend referred, subject to GXS’s referral terms.
Table of Contents
About GXS
Launched on 31 August 2022, GXS Bank is a MAS-licensed digital bank in Singapore offering daily-interest savings accounts, flexible credit products, and app-based banking with no minimum balance requirements.
It is a joint venture between Grab and Singtel, and focuses on underserved segments such as gig workers, freelancers, and small businesses through simple, digital-first banking solutions.
Key Advantages of GXS Bank
- Fully digital banking, with no physical branches
- Integration with Grab and GrabPay for convenience
- Data-driven personalisation for savings and credit products
- Flexible product design, without minimum balances or long commitments
Products
This guide focuses on selected GXS Bank products and promotions and does not represent an exhaustive list of all offerings.
GXS Savings Account — Daily Interest & Savings Pockets
Earn interest daily. Insured up to S$100,000 by SDIC.
The GXS Savings Account credits interest daily and allows users to organise funds into named savings pockets for different goals.
Key features:
- Daily interest crediting, instead of monthly
- No minimum balance requirement
- Savings Pockets for goal-based saving
- Boost Pockets with fixed tenures for higher promotional returns
- receive a base interest credited daily, with bonus interest credited at the end of your tenure.
- Seamless transfers between GXS and GrabPay
Interest rates, Boost Pocket availability, and campaign mechanics may change over time.
GXS FlexiCard — No-Interest Spending with Cashback
A no-interest card with no minimum income requirement.
The GXS FlexiCard is available as both a virtual and physical card.
Key features:
- No annual fees
- Flexible repayment options, including carrying balances with a flat monthly fee
- Real-time spending visibility via the GXS app
- Instant cashback on eligible transactions with a minimum spend
Cashback caps, eligible merchants, and fees are subject to prevailing terms.
GXS FlexiLoan — Flexible Cash Access
GXS FlexiLoan offers flexible borrowing options directly in the app, with transparent pricing and repayment structures.
Refer to the FlexiLoan article for full details.
GXS Invest 2.0
GXS Invest has expanded into a broader investment platform with 5 curated fund options across cash, bonds, diversified portfolios, growth stocks and gold.
Instead of researching individual stocks or building a portfolio from scratch, you can choose from ready-made funds based on your risk appetite, investment horizon and financial goals.
You can start investing from just S$10, using your GXS Savings Account to fund your investments.
GXS Invest fund options
| GXS Invest fund | What it is for |
|---|---|
| GXS Invest Cash Plus | A liquid option for idle cash, with daily returns |
| GXS Invest Bond | A bond-focused fund for those who want to preserve capital with exposure to high-quality government and corporate bonds |
| GXS Invest Diversified | A simple all-in-one portfolio with exposure to stocks, bonds and gold |
| GXS Invest Growth | A growth-focused option for long-term wealth building through global growth stocks |
| GXS Invest Gold | A convenient way to invest in Singapore’s first physical gold fund |
Why GXS Invest may be worth considering
GXS Invest is designed to make investing simpler for beginners and casual investors.
Some key highlights include:
- Start from just S$10: You do not need a large lump sum to begin investing.
- 5 curated funds to choose from: You can pick from cash, bond, diversified, growth and gold options depending on your needs.
- No platform or transaction fees: GXS states that there are no platform fees or transaction fees when you buy or sell.
- No lock-in: This gives users more flexibility compared to products that require a fixed commitment period.
- Fund directly from your GXS Savings Account: Your GXS Savings Account is all you need to fund your investments.
Who GXS May Be Suitable For
GXS may be suitable for individuals who:
- Prefer fully digital banking
- Have variable income, such as gig workers or freelancers
- Want daily-interest savings without minimum balances
- Actively use short-term campaigns and Boost Pockets
It may be less suitable for those seeking physical branches, or complex wealth products.
Auntiehuat
Web Administrator
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