GXBank: Malaysia’s First Digital Bank
GXBank is a groundbreaking financial institution that has redefined banking in Malaysia as the country’s first fully digital bank licensed by Bank Negara Malaysia (BNM) and backed by Perbadanan Insurans Deposit Malaysia (PIDM), ensuring deposits up to RM250,000 per customer for security and trust 146.
Key Features
- Attractive Interest Rates
- Earn a 2% p.a. daily interest rate on savings, calculated and credited daily for both the Main Account and up to 10 customizable Savings Pockets (designed to help users manage financial goals like travel or emergencies) 16.
- Previously offered promotional rates, such as a 3% p.a. interest during its initial launch phase, highlighting its competitive edge over traditional banks 6.
- Zero Fees & Cost Efficiency
- No account maintenance fees, ATM withdrawal fees (RM1 waived at MEPS ATMs), or hidden charges for foreign transactions 126.
- Free debit card issuance with 1% unlimited cashback on everyday spending (exclusions apply, e.g., eWallet top-ups) 16.
- Seamless Digital Experience
- Open an account in 4 minutes via the GXBank app (iOS/Android), requiring only a Malaysian ID, phone number, and email address 16.
- Fully mobile-first platform with 24/7 customer support via live agents, eliminating the need for physical branches 3710.
- Security & Accessibility
- Advanced security protocols, including biometric authentication (fingerprint/Face ID) and instant account freezing via phone if a device is lost 6.
- No minimum balance requirements, making it ideal for young adults and underserved communities 6.
- Promotions & Partnerships
- Seasonal campaigns like Hari Raya bonuses (e.g., bonus interest on Savings Pockets) and rewards for linking accounts to Grab (e.g., free Grab Unlimited subscriptions) 26.
Mission & Vision
GXBank aims to democratize financial services by leveraging technology to foster financial resilience among Malaysians. It focuses on innovation, such as automating complex banking tasks and integrating ecosystem partnerships (e.g., Grab and Kuok Group) to enhance user experiences 378.
Eligibility
Open to Malaysian citizens aged 18+, with no joint accounts permitted. Foreign nationals are currently excluded 6.
Why Choose GXBank?
- Risk-Free Savings: PIDM protection ensures safety, unlike investment products 6.
- Financial Empowerment: Tools like Savings Pockets and real-time interest tracking help users achieve long-term goals 6.
- Inclusivity: Targets underserved populations with low barriers to entry 45.
For more details, visit GXBank’s official website or explore their app for a futuristic banking experience.
New chat
