Personal Finance
Review of GXS bank and Trust bank Savings Accounts
By Heartland Boy  •  January 24, 2023
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.


GXS Bank is a digital bank backed by a consortium consisting of Grab Holdings and Singtel. It holds a banking license issued by Monetary Authority of Singapore (‘MAS’). On the other hand, Trust Bank is a partnership between Standard Chartered and FairPrice Group.  ...
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By Heartland Boy
Heartland Boy is a young working adult who pretends to be competent in the real estate industry despite graduating with only a Business Management degree. Outside of work, he analyses stocks, reits and property for investment to build passive income. He is also a stickler for all things that represent value-for-money.

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