Notices

We will be revising Section A: General Terms and Conditions of our Deposit Account Terms, Card Account Terms and GXS FlexiLoan Terms and Conditions with effect from 27 April 2025.

The key updates are as follows:

1. Section A will be revised to include new clauses: A3.4, A5.1(n), A5.2, A6.1(c), A10.5(g), (i), A10.6, A12.2, A18.3(l), (m), (o), and A20.3. In particular, please note that under Clause A20.3, you will be deemed to agree to and accept amendments to the Terms which we notify you of, if you continue to use any service or product provided by us.
   
   
2. The following clauses in Section A will be revised: Clauses A2.7, A2.8(f), A3.1, A3.2, A3.3, A4.1, A5.1(a), (c), (h), A6.1, A7.1(f), A7.2(e), A9.1, A10.2, A10.4, A10.5, A10.5(j) (formerly A10.5(h)), A10.7 (formerly A10.6), A10.7(b) (formerly A10.6(b)), A11.1, A12.1, A13.5, A15.1(a), (b), (c), (e), A15.2, A15.3, A18.1, A18.3, A18.3(i), (n) (formerly (l)), A18.4, and A20.1.
   
   
3. The definitions of “Event of Default” and “Loss” under Clause A28.1 will be revised. 

Here are the new terms:

• Deposit Account Terms: https://www.gxs.com.sg/deposit-account-terms-27apr2025
• Card Account Terms: https://www.gxs.com.sg/card-terms-27apr2025
• GXS FlexiLoan Terms and Conditions: https://www.gxs.com.sg/flexiloan-terms-27apr2025

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Updated as of 28 March 2025

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Our eGIRO services are temporarily unavailable. This includes the linking of new bank accounts with your GXS Savings Account and adding funds from linked bank accounts into your GXS Savings Account.

In the meantime, you can continue to transfer funds into your GXS Savings Account via PayNow or FAST transfers.

Insured up to S$100K by SDIC. T&Cs apply.
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Updated as of 28 Jan 2025

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With effect from 11 February 2025:
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- The interest rate for Main Account will be adjusted from 2.38% p.a. to 2.08% p.a.
- The interest rate for Saving Pockets will be adjusted from 2.68% p.a. to 2.38% p.a.

Insured up to S$100K by SDIC. T&Cs apply.
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Updated as of 9 Jan 2025

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The key update is as follows: 

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Section B. Ecosystem Rewards - Grab: The Rewards Period for the Ecosystem Rewards – Grab shall be extended to 14 September 2026.

Here are the new terms – https://www.gxs.com.sg/grab-ecosystem-tncs

Updated as of 10 October 2024

We will be revising our GXS FlexiLoan Terms and Conditions with effect from 1 November 2024. 

The key update is as follows: 

• Under Section B: GXS FlexiLoan Terms and Conditions, the Bank reserves the right to charge you a fee equivalent to one day’s interest at your current interest rate if full repayment is made on the same day a loan is drawn. This will take effect on 1 November 2024.
• Late interest charges will be increased from 18% p.a. to 28% p.a., chargeable from 3 days past the repayment date. The 2 day grace period will continue to remain in effect. This will take effect on 1 November 2024.

Here are the new terms – https://www.gxs.com.sg/flexiloan-terms-from1nov24

Updated as of 1 October 2024

With immediate effect from 15 August 2024, Section B (Savings Account) of the Deposit Account Terms will be revised as follows:

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(1) The Main Account and Saving Pockets will be updated to award you separate interest rates. We will no longer award base interest for funds in the Main Account, and base and additional interest for funds in Saving Pockets. 

The interest rates will continue to be 2.38% p.a. for the Main Account and 2.68% p.a. for the Saving Pockets. 

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(2) The GXS Savings Account will come with a new Boost Pocket feature awarding base and bonus interest. The Boost Pocket will be subject to availability and rolled out progressively to customers.

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Here are the new terms: 

Deposit Account Terms: https://www.gxs.com.sg/deposit-account-terms

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Updated as of 15 August 2024.

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With effect from 1 April 2024:

The Cash Rewards earned with Eligible Transactions for GXS Debit Card may be credited into your GXS Savings Account after the maximum balance in your savings account has been reached.

Here are the new terms: 

• Rewards Terms: www.gxs.com.sg/debit-rewards-terms

Updated as of 1 April 2024.

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We will be revising our Deposit Account Terms and Card Account Terms with effect from 8 April 2024.
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1. The key updates to the Deposit Account Terms are as follows:
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• Section A (General Terms and Conditions) Clause 18.2: We have updated the notice period for a bank initiated account closure.

• Section B (Savings Account) Clause 3.2: We have updated the maximum balance amount determination and handling such that the Bank has the right in our discretion to adjust the maximum balance amount without prior consent or notice to you.

• Section B (Savings Account) Clause 5.10: We have introduced a new clause such that the Bank has the right to reject or stop deposits and incoming transactions without reason and prior notice to you. 
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Here are the new terms: https://www.gxs.com.sg/deposit-account-terms-Apr2024

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2. The key updates to the Card Account Terms are as follows:
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• Section A (General Terms and Conditions) Clause 18.2: We have updated the notice period for a bank initiated account closure.

Here are the new terms: https://www.gxs.com.sg/debit-card-terms-Apr2024

Insured up to S$75K by SDIC. T&Cs apply.

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Updated as of 8 March 2024

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With effect from 30 Nov 2023:

Eligible Transactions for GXS Debit Card Rewards shall also exclude retail transactions of equal to or more than S$10.00 (or foreign currency equivalent) successfully charged to your GXS Debit Card classified under the Merchant Category Code (“MCC”) 7299 - Miscellaneous Personal Services, including AXS payments

Here are the new terms: 

• Rewards Terms: www.gxs.com.sg/debit-rewards-terms

Updated as of 30 November 2023.

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