MariBank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
MariBank is a digital-only choice for expats settled in Singapore who want easy access to savings without a monthly charge. The Mari Savings Account pays a variable headline rate of 3.08% on a minimum deposit of SGD 0, while card conversions cost 3%.
Key facts
- Best for
- Expats in Singapore who want fee-free easy-access savings plus overseas transfers.
- Headline rate
- 3.08%↗
- Rate type
- Variable↗
- Minimum deposit
- SGD 0↗
- Access terms
- No minimum deposit, no minimum spending, no fall-below fee, interest credited daily↗
- Monthly fee
- SGD 0↗
- Account kind
- Easy access↗
- Legal entity
- MariBank Singapore Private Limited↗
- Headquarters
- Singapore↗
- Founded
- 2020↗
- Support channels
- Chat, Phone, Email, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- maribank.sg
Everyday accounts
- Currency conversion fee
- 3%↗
- Currencies
- 21↗
- Transfer fee
- Local transfers (FAST, PayNow, Fund Transfer) free; overseas transfers S$0 waived until 31 Dec 2026, otherwise S$3.00-S$28.00 depending on destination and rail (UnionPay CNY S$3.00 + 0.60% of transfer amount, minimum S$5.50)↗
- Audience
- Expats
- Features
- Digital-only
Money transfer
- Delivery time
- Instant 24/7 or within 30 minutes on instant rails; 1-3 business days for wires and ACH↗
- Payout methods
- Bank, Wallet, Card↗
- Fee to send 1,000
- SGD 0↗
Facts checked September 26, 2026, 8 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- LinkedIninstagram.com
Pros and cons
Pros
- A monthly fee of SGD 0 and a minimum deposit of SGD 0 make the account free to hold at any balance.
- Interest is credited daily on a variable headline rate of 3.08%, with easy access to the balance.
- Support runs on chat, phone and email for anyone who wants to talk the problem through.
Cons
- The rate is variable at 3.08%, so returns can move instead of staying fixed for a term.
- The bank is digital only, so there is no counter service for anyone who prefers face to face banking.
- Card conversions cost 3%, above the site median, which makes currency use the expensive part.
Who it suits
- Expats in Singapore who want easy access to savings with no monthly charge.
- People whose income and spending sit in different currencies, given 21 currencies on overseas transfers.
- Customers happy to run everything in the app rather than visit a branch.
Who should look elsewhere
- AXI Card Tarjeta y Credito, where the headline rate of 21.59% sits far above MariBank's 3.08% and the rate is the deciding factor.
- Plazo ES, at a headline rate of 24.19% against MariBank's 3.08%, if you are shopping on the headline number alone.
Rates and terms
The Mari Savings Account pays a headline rate of 3.08%, and that rate is variable rather than fixed for a set term. Because it is variable, the return follows market settings and can change over the life of the account. Interest is credited to the balance every day, so accrual does not wait for a monthly statement.
Fees and currency costs
The account asks for a minimum deposit of SGD 0 and a monthly fee of SGD 0, so holding it costs little in practice at any balance. There is no minimum spending condition and no fall-below fee attached to the balance, so the running cost stays at SGD 0 while you stay within the terms.
How MariBank compares
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Where MariBank is available
- Available
- Singapore
- Licence in Singapore
- Monetary Authority of Singapore, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Is there any monthly charge for a MariBank savings account?+
There is no monthly fee on the account: the monthly fee is SGD 0 and the minimum deposit is SGD 0, so you can open it with a small balance and hold it without charge. Local transfers are free as well, and no fall-below fee applies if the balance drops.
Who regulates MariBank?+
MariBank runs as MariBank Singapore Private Limited, headquartered in Singapore, with the Monetary Authority of Singapore as its regulator. The bank was founded in 2020 and operates as digital only, so most of your contact with it happens in the app.
How is interest paid on the Mari Savings Account?+
Interest is credited to the balance every day, so it builds continuously rather than arriving as a lump each month. The rate on the balance is variable, currently a headline rate of 3.08%, and it can change over the life of the account.
Where can I get my money out?+
Payouts run to bank, wallet and card, so money can go back to a bank account, a wallet or a card depending on the method you select. Support runs on chat, phone and email if a payout needs checking, and the digital-only setup means you handle it in the app.
How fast are overseas transfers, and what do they cost?+
On instant rails transfers arrive straight away, day or night, while wires and ACH take a few business days. Overseas fees are waived at present and the transfer fee is SGD 0; once the waiver ends the charge depends on the destination and the rail, so check before sending.
Who is MariBank built for?+
The audience is expats, so the account is made for people who have settled in Singapore. With a minimum deposit of SGD 0 and no monthly charge, it suits someone starting with a small balance and topping up as income arrives.
How many currencies can I hold or send?+
Overseas transfers reach 21 currencies, well above a typical account in this comparison. Converting is the expensive side, though: card conversions cost 3%, so holding balances in the currency you actually spend in keeps that cost away.
Sources
- maribank.sg checked September 26, 2026
Backs: Legal entity, Support channels
“Copyright (c) MariBank Singapore Private Limited. All rights reserved.”
- maribank.sg/about-us checked September 26, 2026
Backs: Features, Founded, Headquarters, Licences
“Licensed as a digital bank in 2020 by the Monetary Authority of Singapore”
- maribank.sg/fees-rates checked September 26, 2026
Backs: Rate type, Transfer fee, Fee to send 1,000
“All rates are for information only and subject to change without prior notice.”
- maribank.sg/fees-rates/mari-credit-card checked September 26, 2026
Backs: Currency conversion fee
“Mari Credit Card foreign currency transactions will be subject to: (i) a prevailing charge of 1% of the converted Singapore Dollar amount representing the charge imposed by MasterCard on the...”
- maribank.sg/help-centre/article/10425-what-is-the-transfe... checked September 26, 2026
Backs: Delivery time
“The following instant transfers are immediately processed 24/7”
- maribank.sg/help-centre/article/10450-which-transfer-meth... checked September 26, 2026
Backs: Payout methods
“It is used for CNY transfers to recipients' UnionPay cards issued in Mainland China”
- maribank.sg/product/mari-savings-account checked September 26, 2026
Backs: Access terms, Account kind, Audience, Headline rate, Minimum deposit, Pricing model, Monthly fee
“No minimum deposit required; Interest credited daily; No minimum spending necessary”
- maribank.sg/product/mari-savings-account/retail-remittance checked September 26, 2026
Backs: Currencies
“You can now send your money securely overseas with $0 Transfer Fee to over 59 destinations in 21 currencies.”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Term, Deposit protection.
Related by the facts
MariBank
Expats in Singapore who want fee-free easy-access savings plus overseas transfers.