GXS Bank

Terms and conditions governing GXS Debit Card April Promo ("Promotion")

By participating in the Promotion with GXS Bank Pte. Ltd. (“GXS” or “Bank”), you agree to the following terms and conditions (“Terms”):

A. Promotion

‍1. Promotion Period:

The Promotion is available from 1 April 2024 to 17 May 2024 (both dates inclusive) or any such date(s) as may be determined and notified by the Bank in its sole discretion (“Promotion Period”).

2. Eligibility:

The Promotion is available to you if you are a customer of Grab and have received an email from Grab and/or a message in the inbox of your Grab app notifying you of your eligibility to participate in the Promotion (“Eligibility Notification”) (“Eligible Customer”).
Notwithstanding that you have received an Eligibility Notification, you will not be an Eligible Customer:

i. if you have closed your GXS Savings Account in the last three (3) months;
ii. for any new GXS Savings Account you successfully open, if you held and closed a GXS Savings Account previously.
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3. Promotion and how to participate:

Eligible Customers shall be entitled to receive up to two (2) cashbacks of S$8 each (each a “Cashback” and collectively “Cashbacks”) by participating in this Promotion.
To receive the Cashbacks, an Eligible Customer must during the Promotion Period, successfully apply for a GXS Savings Account and create a GXS Debit Card. Thereafter, an Eligible Customer must:

          i. to receive the first cashback of S$8 (“1st Cashback”), successfully make one (1) Qualifying Transaction on your GXS Debit Card on or before 15 June 2024; and/or

         ii. to receive the second cashback of S$8 (“2nd Cashback”), successfully make the following four (4) transactions:
                 1. two (2) Qualifying Transactions on your GXS Debit Card during the calendar month of July 2024; and
                2. two (2) Qualifying Transactions on your GXS Debit Card during the calendar month of August 2024.

B. Definitions

“Grab” means GPay Network (S) Pte. Ltd.
“GXS Debit Card” means the GXS Debit Card, for which more information and terms and conditions can be found at https://www.gxs.com.sg/tnc.
“GXS Debit Card Rewards” means the GXS Debit Card Rewards governed by Section A of the Rewards Terms, for which more information and terms and conditions can be found at https://www.gxs.com.sg/tnc.
“GXS Savings Account” means the GXS Savings Account, for which more information and terms and conditions can be found at https://www.gxs.com.sg/tnc.
“Qualifying Transaction” means a GXS Debit Card transaction of equal to or greater than S$10.00. A Qualifying Transaction under this Promotion is not required to be an “Eligible Transaction” under the GXS Debit Card Rewards.

C. Additional Terms for Cashback

Each Cashback is issued on a first-come-first served basis and is while stocks last.
You are entitled to receive a maximum of one (1) 1st Cashback and one (1) 2nd Cashback throughout the Promotion Period.
Each Cashback shall be credited to your GXS Savings Account, if the eligibility criteria for the respective Cashback under this Promotion is met:
a. For the 1st Cashback, on or before 15 July 2024; and
b. For the 2nd Cashback, on or before 30 September 2024.
Your GXS Savings Account and GXS Debit Card must be active and in good standing with the Bank until the point(s) of fulfilment of each Cashback for this Promotion.
If your GXS Savings Account is closed prior to the crediting of any Cashback for any reason, or if a Qualifying Transaction(s) is reversed or refunded, the Cashback that has yet to be credited will be forfeited notwithstanding that it was accrued under the Promotion.
Cashback is not exchangeable for cash, credit or any other items, and cannot be transferred or assigned.
The Bank reserves the right to replace, exchange, vary or substitute any Cashback with an item(s) of equivalent value at its sole discretion without prior notice or reason and without liability to any persons.
If the Bank at any time determines at its sole and absolute discretion that any of the requirements of the Promotion were not met or complied with, or if a Qualifying Transaction(s) is reversed or refunded, the Bank reserves the right to recover any or all Cashback (or its equivalent value) by deduction from your GXS Savings Account or any account you maintain with us.

D. Additional Terms for Grab

The Bank is not an agent of Grab. The Bank holds a banking licence and is regulated by the Monetary Authority of Singapore. The Bank is a separate entity from the Grab Financial Group entities. The Bank is the provider of the GXS Savings Account and GXS Debit Card.
Terms and conditions of Grab, as determined by them from time to time, shall apply. The Bank’s terms and conditions are separate from the terms and conditions of Grab. The Bank is not responsible for the terms and conditions, or any changes to the terms and conditions, of Grab.

E. General

This Programme is not valid with other programmes or promotions unless otherwise stated.
The Bank may add to, amend, modify or vary any or all of these Terms at any time without notice or liability to any person.
The Bank’s records and decisions on all matters relating to the Promotion (including but not limited to the eligibility of any person to participate in the Promotion and the awarding of any cashback, voucher or item) shall be final, conclusive and binding on all customers. We are not obliged to entertain any correspondence.
In the event of any inconsistency between these Terms and any brochure, marketing or informational material relating to the Programme, these Terms shall prevail.
The Bank, employees and/or independent contractors shall not be liable for any loss, liability, expense, damage and/or injury whatsoever or howsoever incurred or sustained by any person by reason of, arising from or in connection with the Promotion including the redemption or use of any good, service, product or facility of any merchant (if applicable) or for any other reason.
The Bank is not responsible for any failure or delay in the transmission of any transaction by any party, including acquiring merchants, merchant establishments or any telecommunication provider.
These Terms shall be governed by and interpreted in accordance with Singapore law, and you agree to submit to the exclusive jurisdiction of the Singapore courts.
A third party who is not a party to these Terms shall have no rights under the Contracts (Rights of Third Parties) Act 2001 of Singapore to enforce or enjoy the benefit of any provision of these Terms.
These Terms shall apply in conjunction with the Deposit Account Terms, Card Account Terms and Rewards Terms, which shall apply.
All information is accurate at the time of publication.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

GXS Bank Pte. Ltd. (UEN: 202005626H)