MariBank Mari Savings Account Referral Code: 6ABQ88AS (Referral Promotion)

About MariBank

MariBank is a new digital bank in Singapore launched by Sea Limited, the parent company of Shopee and Garena. It is one of the first digital banks to receive a license from the Monetary Authority of Singapore (MAS) as part of the country’s initiative to open up the banking sector to more competition and innovation.

Here are some key points about MariBank:

• Parent Company: Sea Limited, a prominent global consumer internet company, is known for its e-commerce platform Shopee and its digital entertainment platform Garena.
• Digital Banking Services: MariBank aims to offer a range of digital banking services including savings accounts, loans, and possibly investment products, focusing on user-friendly and innovative financial solutions.
• Technology and Innovation: Leveraging Sea Limited’s expertise in digital services, MariBank emphasizes technology-driven banking experiences, offering features like instant account opening, seamless digital transactions, and data-driven financial advice.
• Regulatory Compliance: As a licensed digital bank in Singapore, MariBank is subject to strict regulatory standards set by MAS, ensuring security, transparency, and consumer protection.

Monetary Authority of Singapore (MAS) License

MariBank Singapore Private Limited is licensed by the Monetary Authority of Singapore.

Licenses as of 18 July 2024:

• Exempt Capital Markets Services Entity
  • Dealing In Capital Markets Products
    • Collective Investment Schemes
  • Providing Custodial Services
• Local Bank

Key Products

Mari Savings Account

As of July 2024, deposit and earn 2.70% p.a. The promotional interest rate of 2.70% p.a. is effective only till 31 Dec 2024. Prevailing base rate of 2.50% p.a. shall apply thereafter.

Reasons to open a Mari Savings Account:

• No minimum deposit required
• No salary crediting needed
• No minimum spending necessary
• Interest is credited daily. Earnings is calculated based on your previous day’s balance.
• Seamless payment on Shopee
  • Check out on Shopee or top up your ShopeePay wallet with Mari Savings Account and enjoy exclusive rewards on Shopee.

How to link Mari Savings Account to your Shopee account?

Check out the FAQ article: How do I link and pay with my MariBank account(s) on my Shopee app?

Is your money safe?

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Mari Invest

Mari Invest is an account that offers access to investment product(s), including the Lion-MariBank SavePlus fund.

The Lion-MariBank SavePlus fund is actively managed by Lion Global Investors. The fund comprises mainly MAS Bills and high-quality bond funds, enabling investors to participate in potentially higher yields compared to SGD fixed deposits, while keeping overall portfolio risk low. It is distributed digitally and offered exclusively to MariBank customers.

In contrast to traditional savings options such as Fixed Deposits, Mari Invest aims to provide higher projected returns compared to SGD fixed deposits and greater flexibility in managing your cash.

As of 18 July, Mari Invest offers returns of 3.72% p.a. MariBank customers can start off with as low as $1 and withdraw their cash anything.

Mari Credit Card

Mari Credit Card is Singapore’s Highest Unlimited Cashback Card. Spend and earn with no limits on your cashback rewards

Enjoy no annual card fees and exclusive vouchers on Shopee!

Cashback offers (verified in Sep 2024):

• 5% Shopee Coins on Shopee spend
• 3% cashback on overseas card spend
• 1.7% cashback on local card spend

Terms and conditions apply.