Digital Banks issued by MAS

What are the 5 digital banks license in Singapore?

In 2025, MAS issued 4 Digital banks holding either of these licences are 

* GXS Bank, 

* MariBank, 

* ANEXT Bank, and 

* Green Link Digital Bank. 

* However, Trust Bank – a joint venture between Standard Chartered Bank (Singapore) and FairPrice Group,2 holds a Full Bank Licence, despite operating as a fully digital bank.

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1. Trust Bank

Trust Bank serves retail customers with features that help with everyday savings. Its main product is a savings account with an interest rate of 2.22% p.a. - 4.22% p.a., and a credit card that offers savings on groceries and petrol (i.e. up to 21% savings at FairPrice and up to 20% savings at Caltex).

2. GXS Bank

GXS Bank in Singapore offers banking solutions for gig economy workers and students. Their Savings Pockets feature for the GXS Savings Account works like a mini fixed deposit, with the potential to earn a higher interest rate of up to 2.68% p.a., accrued daily. 

3. MariBank

MariBank is Sea Group’s digital bank in Singapore. They offer banking solutions for retail consumers and SMEs. Their Mari Savings Account has an interest rate of 2.5% p.a. while for Shopee sellers, MariBank will automatically add the Mari Business Account as your Shopee Shop’s linked payment method. 

4. ANEXT Bank

Ant Group’s ANEXT Bank provides digital financial solutions for Singapore SMEs. Central to its offerings is the Business Account, which allows SMEs to deposit funds and make transactions.

5. Green Link Digital Bank

Green Link Digital Bank (GLDB) serves SMEs with loans, revolving financing, and supply chain financing. 

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TRUST - So I check out what TRUST can offer for Saving offers.

As TRUST is Full BANK LICENCE, I take a look. I tried and signed-up. The account is login-able via SINGPASS Link. Not bad and SG trust it to grant it the rights.

So, TRUST can also be attractive. 

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MARIBANK -  I will stick with MARIBANK, which is MariBank is licensed by MAS and deposits are insured up to S$75,000 under the Singapore Deposit Insurance Corporation (SDIC).

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