GXBank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
GX Bank suits travellers and businesses in Malaysia who want an easy-access savings account run from the app, with daily interest on the total balance and DuitNow and QR payments. The monthly fee is MYR 0, so there is little to pay, but the interest rate is modest against the wider savings ranking.
Key facts
- Best for
- A fee-free easy-access savings account for travellers and small businesses in Malaysia.
- Headline rate
- 2%↗
- Rate type
- Variable↗
- Minimum deposit
- MYR 20↗
- Access terms
- Daily interest on total balance, no minimum balance, no limits, no lock-in periods, DuitNow and QR payments in app↗
- Monthly fee
- MYR 0↗
- Account kind
- Easy access↗
- Legal entity
- GX Bank Berhad↗
- Headquarters
- Malaysia↗
- Support channels
- Chat, Phone, Email, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- gxbank.my
Everyday accounts
- Currency conversion fee
- 0%↗
- Transfer fee
- RM 0 intrabank fund transfer and RM 0 DuitNow transfer↗
- Audience
- Travelers, Business
- Features
- Free ATM withdrawals, Digital-only
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- LinkedInXfacebook.com
Pros and cons
Pros
- A monthly fee of MYR 0 on the savings account
- Transfers priced at RM 0 intrabank fund transfer and RM 0 DuitNow transfer
- Currency conversion at 0%, under the site median of 0.5%
- Support runs through chat, phone and email
Cons
- The headline rate of 2% sits below the savings ranking median of 3.08%
- Interest is variable, so the rate on offer can move
- free atm and digital only lists the card as digital-only, so service runs through the app
Who it suits
- Travellers, one of the groups in travelers and business, who want an easy access account with daily interest
- Business users that move money often, given RM 0 intrabank fund transfer and RM 0 DuitNow transfer and DuitNow and QR payments in the app
- People who keep a small balance, with a minimum deposit of MYR 20 and no minimum balance after that
Who should look elsewhere
- Headline rate seekers, since AXI Card Tarjeta y Credito shows 21.59% and Plazo ES 24.19% against GX Bank's 2%
- Anyone after a higher headline rate from a wallet, where PayPal Colombia shows 3.3%
Rates and card terms
The account pays a headline rate of 2%, and that rate is variable, so nothing is locked for a set term. The savings ranking median headline rate is 3.08%, and GX Bank sits at position 316 of 473 on that measure. Interest is added daily to the total balance.
Fees and FX
The account charges a monthly fee of MYR 0. The minimum deposit is MYR 20, with no minimum balance afterwards and no lock-in periods, so money can be taken out without a penalty. On minimum deposit GX Bank ranks at position 239 of 370 in the savings ranking.
How GXBank compares
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Where GXBank is available
- Available
- Malaysia
- Licence in Malaysia
- Bank Negara Malaysia (BNM) - digital bank licence, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to keep a GX Bank account?+
The account carries a monthly fee of MYR 0 and runs on a no monthly fee model. The minimum deposit is MYR 20, with no minimum balance afterwards and no lock-in periods, so there is no penalty for taking money out. Transfers cost RM 0 intrabank fund transfer and RM 0 DuitNow transfer.
How much interest does GX Bank pay and is it fixed?+
The headline rate is 2% and the rate type is variable, so the figure is not locked for a term. Interest is calculated daily on the total balance rather than on tiered bands. The savings ranking median is 3.08%, so GX Bank pays less than the middle of the table.
Is GX Bank regulated and where is it based?+
GX Bank is GX Bank Berhad, headquartered in Malaysia, and it holds a Bank Negara Malaysia digital bank licence. That licence applies to the Malaysian business, so the account runs under Malaysian banking supervision rather than as an offshore wallet. Balances sit with the licensed bank.
Can I get to my money whenever I want?+
The account is easy access, with daily interest on the total balance, no minimum balance, no limits and no lock-in periods. DuitNow and QR payments are handled inside the app, and transfers cost RM 0 intrabank fund transfer and RM 0 DuitNow transfer, so moving money in and out carries no charge.
Who is the account for?+
The account is aimed at the groups listed under travelers and business. It suits people who pay and receive money regularly in Malaysia, since DuitNow and QR payments run in the app and the account kind is easy access. There is no minimum balance to maintain after the opening deposit.
What do I get with the debit card?+
The feature list for the card shows free atm and digital only. Free ATM withdrawals cover cash needs, while the digital-only setup means the card and its settings live in the app. Spending outside Malaysia goes through the same card at a currency conversion charge of 0%.
How do I get help if something goes wrong?+
Support runs through chat, phone and email, which covers chat, phone, email and a help centre. A stuck transfer or a card question can therefore go to a person rather than sitting in a form queue. The same channels handle the debit card and the savings account.
Sources
- gxbank.my checked September 26, 2026
Backs: Monthly fee
“Start exploring smarter ways to save, spend and grow your money securely, anywhere and anythime - all without any fees.”
- gxbank.my/about-us checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels, Licences
“Level 5, 1 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor, Malaysia”
- gxbank.my/campaign-tnc checked September 26, 2026
Backs: Audience
“GX Card Travel GrabRewards Cashback Campaign: Get 3X GrabRewards Points for every RM1 spent in foreign currency using GX Card”
- gxbank.my/debit-card checked September 26, 2026
Backs: Features, Currency conversion fee
“Withdraw cash anywhere at ATMs nationwide. No ATM fees for interbank cash withdrawals”
- gxbank.my/savings-account checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Rate type, Transfer fee
“2% p.a. daily interest. No minimum balance. No limits. No lock in periods. Saving should be this simple.”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Deposit protection.
Related by the facts
GXBank
A fee-free easy-access savings account for travellers and small businesses in Malaysia.