The digital bank sector in Singapore is akin to a blue ocean whereby the first bank to gain a foothold may gain significant first mover advantage. Word from the grapevine is that GXS heard about Trust’s impending news release and “potong jalan” (translates into cut the road from Malay) by making a press release on the eve of Trust’s announcement. This is despite its flagship product not even being ready! Therefore, retail consumers were kept in suspense and wondered how competitive GXS’s savings account would be. Well, after months of waiting, I finally got to try GXS Bank. Here is my review of GXS Bank and Trust Bank’s savings account.
