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Full GXS Biz Account terms and conditions here.
Full GXS FlexiLoan Biz terms and conditions here.
Full Biz Ecosystem terms - Grab here.
Full Biz Ecosystem terms - Singtel here.
GXS Bank is a separate entity and is not associated with the businesses of Grab, Singtel and their entities. The GXS Biz Account and GXS FlexiLoan Biz are provided by GXS Bank. GXS Bank holds a banking licence and is regulated by the Monetary Authority of Singapore.
1Eligible Singtel users and Grab Merchants earn 0.8% bonus interest on top of base interest of 1.88% p.a (2.68%p.a.) on GXS Biz Account balances until 14th January 2025. Post that, additional 0.5% on top of base interest of 1.88% p.a (2.38%p.a.) applies.
Applicable for Singtel users who are GXS Bank business account holder AND existing/new-to-Singtel retail with at least 1 Singtel postpaid service (Postpaid or GOMO), Broadband, TV or Fixed Line or SMB customer who meet the eligibility criteria.
Applicable for Grab Merchants who link their Grab Merchant account to their GXS Biz Account and receive at least 1 cashout transaction into their GXS Biz Account in a calendar month.
Account opening is subject to GXS Bank's approval and may require additional supporting documents and processing time.
Deposit Insurance Scheme: 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.
2Effective Interest Rate (EIR) is calculated based on an average loan amount of S$10,000 with a 24-month repayment period, from 1 Jan 2025 to 1 Jan 2027. Approval of your application is subject to receipt of all supporting documents and further review. GXS reserves the right to approve or reject your application without providing any reasons. Late interest charges may apply in the event of late repayment. Your loan is subject to review from time to time, and may be cancelled by GXS at its discretion.