GX Bank review
Updated October 14, 2026 · SumCue Editorial Team · Facts checked October 14, 2026
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Our verdict
GXBank savings eligibility in Malaysia requires age 18 or older, no existing GX savings account when applying, an account with another Malaysian bank and a Malaysia-registered mobile number. Activation requires an initial RM20 deposit from the customer's own bank within 30 days of opening.
Key facts
- Best for
- Adults aged 18 and above reviewing GXBank's Malaysia savings-account entry and activation criteria.
- Headline rate
- 2%↗
- Rate type
- Variable↗
- Term
- 6 to 60 months↗
- 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↗
- Founded
- 2021↗
- Support channels
- Chat, Phone, Email, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- gxbank.my
Loans
- APR
- 6.45%↗
- Loan amount
- MYR 150,000↗
- Arrangement fee
- RM 0.00 (Processing Fees - RM 0.00)↗
- Credit check
- Hard↗
- Funding time
- Instant, funds disbursed to GX Savings Account in seconds, 24/7↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Malaysian citizen residing in Malaysia with MyKad, aged 21-64, employed or self-employed, minimum monthly income RM1,500↗
- Origination fee (%)
- 0%↗
- Loan types
- Credit-line, Personal, Business↗
- Use cases
- Home-improvement↗
- Features
- Multi-currency, Virtual card
Personal insurance
Debit cards
Facts checked September 26, 2026, 11 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- LinkedInXfacebook.com
Pros and cons
Pros
- GXBank's savings-account age criterion is 18 years and above.
Cons
- Account activation requires an initial RM20 first-party deposit within 30 days of opening.
Who it suits
- Applicants in Malaysia who meet GXBank's age, existing-account, other-bank-account and registered-mobile criteria.
Age criterion
Applicants must be at least 18, have no GXBank savings account at application, hold an account with another Malaysian bank and have a Malaysia-registered mobile number.
Activation funding
To activate the account, deposit at least RM20 from your own bank account within 30 days after opening.
How GX Bank compares
8.6 vs 8.0
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8.6 vs 8.4- 8.6 vs 8.0
8.6 vs 9.0
Where GX Bank 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 is the minimum deposit at GX Bank?+
The minimum deposit at GX Bank is MYR 20. (Source, checked September 26, 2026)
Does GX Bank charge a monthly fee?+
The monthly fee at GX Bank is MYR 0. (Source, checked September 26, 2026)
Which company operates GX Bank?+
GX Bank is operated by GX Bank Berhad. (Source, checked September 26, 2026)
Where is GX Bank based?+
GX Bank is based in Malaysia. (Source, checked September 26, 2026)
When was GX Bank founded?+
GX Bank was founded in 2021. (Source, checked September 26, 2026)
How can I contact GX Bank support?+
GX Bank offers support through Chat, Phone, Email, Help-centre. (Source, checked September 26, 2026)
Sources
- gxbank.my checked September 26, 2026
Backs: Founded, Insurance types, Lender type, Monthly fee
“GX Bank Berhad (Reg No. 202101014409 (1414709-A)”
- 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/carinsurance checked September 26, 2026
Backs: Monthly payments
“Select a repayment plan that fits your needs & spread your car insurance payments from 6 to 60 months”
- gxbank.my/debit-card checked September 26, 2026
Backs: Card type, Cashback rate, Features
“GX Card”
- gxbank.my/flexicredit checked September 26, 2026
Backs: Loan amount, APR, Eligibility, Free early repayment, Funding time, Loan types, Arrangement fee, Origination fee (%), Use cases
“Apply and get up to RM150,000 credit limit in minutes.”
- gxbank.my/savings-account checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Rate type
“2% p.a. daily interest. No minimum balance. No limits. No lock in periods. Saving should be this simple.”
- gxbank.my/travelinsurance checked September 26, 2026
Backs: Age range, Audience, Claims channels, Cover limit, Provider type, Premium from
“Individual: For adults aged 18 to 70. Family Plan: Covers you, your spouse, and up to 5 children aged 30 days to 17 years. Senior: For seniors aged 71 to 85”
- help.gxbank.my/Personal%2F%2FLending/Document_Waiver_Feat... checked September 26, 2026
Backs: Credit check
“What are the credit bureau agencies GXBank refers to?”
- help.gxbank.my/Personal%2F%2FLending/Drawdowns/03_What_is... checked September 26, 2026
Backs: Term
“The shortest tenure would be 6 months, whereas the longest tenure would be 60 months.”
- soyacincau.com/2024/01/20/gxbank-begins-rolling-out-gx-ca... checked September 26, 2026
Backs: Card network
“The card – which will be issued by Mastercard”
- lowyat.net/2025/347053/gxbank-fee-new-debit-cards checked September 26, 2026
Backs: Currency conversion fee
“GXBank began charging a 1.2% foreign transaction fee for every purchase made overseas”
Compiled from 11 source pages, checked October 14, 2026. We did not open an account.
Not confirmed yet: Deposit protection.
GX Bank
Adults aged 18 and above reviewing GXBank's Malaysia savings-account entry and activation criteria.