GXBank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
GXBank is a digital bank for Malaysian savers and borrowers who want a fee free account, daily interest and instant access to a credit line. Its savings rate of 2% sits below the site median of 3%, so the value sits in the free banking rather than the rate.
Key facts
- Best for
- Malaysians wanting a free multi currency account with instant access to a low cost credit line.
- Monthly fee
- MYR 0↗
- Currency conversion fee
- 1.2%↗
- Card type
- Debit↗
- Cashback rate
- 0.1% to 1%↗
- Card network
- Mastercard↗
- Legal entity
- GX Bank Berhad↗
- Headquarters
- Malaysia↗
- Founded
- 2023↗
- Support channels
- Chat, Phone, Email, Help-centre↗
- Features
- Multi-currency, Virtual card
- Audience
- Seniors
- Official website
- gxbank.my
Loans
- APR
- 6.45%↗
- Loan amount
- MYR 150,000↗
- Term
- 6 to 60 months↗
- 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↗
- Rate type
- Variable↗
- 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↗
- Pricing model
- No monthly fee
Personal insurance
Savings
- Headline rate
- 2%↗
- 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↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 12 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Monthly fee of MYR 0 on the GX account, with a variable rate of 2% paid daily on the total balance
- Credit line at an APR of 6.45% on amounts up to MYR 150,000, with funding time of instant, day or night, and free early repayment
- Card offers multi currency and a virtual card, with cashback of 0.1% to 1% on mastercard
- Support runs on chat, phone and email
Cons
- Currency conversion on the card costs 1.2%, against 0.1% at Wise and 0% at Starling Personal Account Debit Card
- Savings rate of 2% is below the site median of 3% and ranks at 143 of 258 brands on cost of conversion
- Credit checks are hard, so an application puts a full search on file
Who it suits
- Malaysian citizens residing in Malaysia who want a fee free account with daily interest and no lock-in
- Borrowers wanting a flexible credit line, personal or business, for home improvement with free early repayment
- Travellers who need a multi currency card and virtual card in one app
Who should look elsewhere
- Anyone wanting the lowest currency conversion cost, where Wise at 0.1% or Starling Personal Account Debit Card at 0% cost less
- Savers chasing the highest interest, since 2% sits under the site median of 3%
- Borrowers with thin files, because the credit check is hard
Rates and card terms
The savings account pays a variable rate of 2%, credited daily on the total balance with no minimum balance, no limits and no lock-in periods. DuitNow and QR payments work in the app, and a minimum deposit of MYR 20 applies. The FlexiCredit line runs at an APR of 6.45% on amounts up to MYR 150,000, drawn down over 6 to 60, with processing fees of RM 0.00 (Processing Fees - RM 0.00) and an origination charge of 0%. Early repayment is free.
How GXBank compares
8.6 vs 9.4
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8.6 vs 8.9
8.6 vs 9.4
8.6 vs 8.7
8.6 vs 9.2
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8.6 vs 8.4
8.6 vs 8.0- 8.6 vs 8.0
Where GXBank is available
- Available
- Malaysia
- Licence in Malaysia
- Bank Negara Malaysia (202101014409), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold a GXBank account?+
The GX account carries a monthly fee of MYR 0, and the savings account runs on a no monthly fee model. Interest is paid daily on the total balance, so there is no charge for keeping money parked there.
How much interest does the savings account pay?+
The variable rate is 2%, credited daily on the whole balance with no minimum balance, no limits and no lock-in periods. For comparison, the site median headline rate is 3% and the top quartile sits at 4.15%.
What does it cost to spend abroad on the GX card?+
Currency conversion on the debit card costs 1.2%. The card runs on mastercard and adds multi currency plus a virtual card, but a traveller who converts often would pay less at Wise, where the fee is 0.1%.
How much can I borrow and what would it cost?+
GXBank is a direct lender offering a credit line, personal and business loans of credit line, personal and business up to MYR 150,000 at an APR of 6.45%. Tenure runs 6 to 60, listed use cases include home improvement, and early repayment carries no charge.
How fast is the money and who qualifies?+
Funding is instant, with funds reaching the GX Savings Account in seconds, day or night. Eligibility covers Malaysian citizens residing in Malaysia with MyKad, employed or self-employed, within the stated age range and above a minimum monthly income.
Is the money protected and who regulates the bank?+
GX Bank Berad is licensed in Malaysia by Bank Negara Malaysia under licence 202101014409. The bank is headquartered in Malaysia and has operated since 2023.
What rewards does the card give?+
Spending earns cashback of 0.1% to 1% on a debit card. The card also covers multi currency and virtual card, which covers multi currency and a virtual card for online payments.
How do I get help if something goes wrong?+
Support runs on chat, phone and email, so help is available by chat, phone, email and a help centre. Insurance claims are handled by phone and online portal, and travel cover through the broker arrangement reaches RM300,000 medical expenses (International VIP plan).
Sources
- gxbank.my checked September 26, 2026
Backs: Headquarters, Insurance types, Legal entity, Lender type, Monthly fee, Licences
“digital bank license from Bank Negara Malaysia”
- gxbank.my/about-us checked September 26, 2026
Backs: Support channels
“In-app live chat 24/7 Customer Support +603 7498 3188 24/7 Support Hotline ask@gxbank.my Support Email”
- 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”
- grab.com/my/press/others/gxbank-digital-bank-first-to-com... checked September 26, 2026
Backs: Founded
“approved to commence operations effective 1 September 2023”
- 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 12 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Related by the facts
GXBank
Malaysians wanting a free multi currency account with instant access to a low cost credit line.