Notices

Revisions to interest rates on GXS Biz Account

With effect from 7 Oct 2025:
- The interest rate for GXS Biz Account will be adjusted from from 1.68% p.a. to 1.08% p.a..

Insured up to S$100K by SDIC. T&Cs apply.

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Updated as of 5 September 2025

We will be revising Section A: General Terms and Conditions of our Business Account Terms and GXS FlexiLoan Biz Terms with immediate effect from 4 September 2025, in the light of and to comply with the updated E-Payments User Protection Guidelines (“EUPG”) issued by the Monetary Authority of Singapore (“MAS”) which are applicable to sole proprietors.

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The key updates are revisions to Clause A7.2(c) and new Clause A7.5. We have also amended minor typographical errors.

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Here are the new terms:

• Business Account Terms: https://www.business.gxs.com.sg/biz-account-terms 
• GXS FlexiLoan Biz Terms: https://www.business.gxs.com.sg/biz-flexiloan-terms 

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You may view the updated E-Payments User Protection Guidelines by MAS at https://www.mas.gov.sg/regulation/guidelines/e-payments-user-protection-guidelines. 

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You may view information on E-Payments User Protection Guidelines on our website at https://cdn.prod.website-files.com/6361d54daaadd91c364a9c51/68352cd6ae95c81b7ff6a99d_EUPG_%20User%20Protection%20Guidelines.pdf.

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Updated as of 4 September 2025

We will be revising Section A: General Terms and Conditions of our Deposit Account Terms, Card Account Terms, GXS FlexiLoan Terms and Conditions and Invest Account Terms with immediate effect from 4 September 2025, in the light of and to comply with the updated E-Payments User Protection Guidelines (“EUPG”) issued by the Monetary Authority of Singapore (“MAS”) which are applicable to you.

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The key updates are as follows:

1. Section A will be revised to include new clauses: 
   
   1. Instructions: A2.8(c)
   2. Statements and Notifications: A3.3
   3. Your Obligations: A7.2(g), A7.2(h), A7.2(i), A7.4
   4. Liabilities: A15.1(g)
   5. Definitions and Interpretation: New definitions “high-risk activities, “unauthorised transaction” under Clause A28.1
      
      
2. The following clauses in Section A will be revised: 
   
   1. Statements and Notifications: Clauses A3.2
   2. Your Obligations: A7.2(c), A7.2(e), A7.2(f), and A7.3

Here are the new terms:

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

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You may view the updated E-Payments User Protection Guidelines by MAS at https://www.mas.gov.sg/regulation/guidelines/e-payments-user-protection-guidelines. 

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You may view information on the E-Payments User Protection Guidelines on our website at https://cdn.prod.website-files.com/6361d54daaadd91c364a9c51/68352cd6ae95c81b7ff6a99d_EUPG_%20User%20Protection%20Guidelines.pdf.

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Updated as of 4 September 2025

With effect from 6 August 2025:
- The interest rate for Main Account will be adjusted from 1.68% p.a. to 1.08% p.a.
- The interest rate for Saving Pockets will be adjusted from 1.98% p.a. to 1.38% p.a.

The GXS Savings Account is insured up to S$100K by SDIC. T&Cs apply.

Updated as of 7 July 2025

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With effect from 1 Aug 2025, the interest rate for GXS Biz Account will be adjusted from 1.88% p.a. to 1.68% p.a..

Insured up to S$100K by SDIC. T&Cs apply.
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Updated as of 1 July 2025

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With immediate effect from 30 June 2025, Section B (Savings Account) of the Deposit Account Terms will be revised as follows:

The GXS Savings Account will come with a new Money Lock feature which enables restriction of access to funds in Saving Pockets. The Money Lock feature will be rolled out progressively to customers.

Here are the new terms:

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

Updated as of 30 June 2025.

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We will be revising our Biz Ecosystem Terms - Grab and Biz Ecosystem Terms - Singtel with effect from 27 June 2025.

The key update is as follows:

Biz Ecosystem Terms - Grab
Section C. Biz Ecosystem Rewards – Grab (Grab Rewards):
We have added the new offers (Clause C3).
- Clause C4.4 is deleted.

‍Biz Ecosystem Terms - Singtel
Section C. Biz Ecosystem Rewards – Singtel (Singtel Rewards):
- We have added new offers (Clauses C4 and C5).
- Clauses C6.1 and C6.2 (formerly clauses C4.1 and C4.2) have been revised and Clause C4.4 is deleted.

Here are the new terms:
- Ecosystem Terms - Grab: https://www.business.gxs.com.sg/grab-ecosystem-tncs
‍- Ecosystem Terms - Singtel: https://www.business.gxs.com.sg/singtel-ecosystem-tncs

Updated as of 27 June 2025

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With effect from 2 June 2025, the Business Account Terms are updated to introduce new PayNow features: registration of UEN to receive payments via PayNow and PayNow QR.

The new features will be rolled out progressively to customers.

The update to the Business Account Terms are as follows:
- Section B has been revised to include the following new clauses: Clauses A6.1, A6.2, A6.3, A6.5, A6.6, A6.8, A6.12(b), A6.12(e).
- Section B has revised Clauses A6.4 (formerly A6.1), A6.11 (formerly A6.5), A6.12 (formerly A6.6), A6.12(a) (formerly A6.6(a))

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.

Terms and conditions: Business Account Terms, Biz Ecosystem Terms - Grab and Biz Ecosystem Terms - Singtel shall apply. For full terms and conditions, please visit business.gxs.com.sg

Updated as of 2 June 2025

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Bonus interest of 0.5% p.a. under the Biz Ecosystem Terms - Grab and Biz Ecosystem Terms - Singtel will be discontinued from 1 July 2025. All Bonus Interest which you are eligible to receive until 30 June 2025 will be credited to your GXS Biz Account before 15 July 2025.

The following Biz Ecosystem Rewards will also expire on 30 June 2025:
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1. For eligible Grab Merchant partners: one (1) month’s free GrabUnlimited
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2. For eligible Singtel customers:
   a. Singtel Retail Promotion: Get a new iPhone 16 128GB at S$1,260 (U.P. S$1,299) OR a new OPPO Pad Neo 128GB (Wifi) + free smart case at S$349 (U.P. S$369).
   b. Singtel Business Loyalty Promotion: 12 months Singtel Business Loyalty Lite Solution subscription (worth S$1,046.40) with unlimited push notifications to your customers.

Accordingly,
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1. Biz Ecosystem Terms - Grab: Section B for Biz Ecosystem Rewards – Grab (Bonus Interest) and Section C for the current Biz Ecosystem Rewards – Grab (Grab Rewards) have been revised to end on 30 June 2025.
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2. Biz Ecosystem Terms - Singtel: Section B for Biz Ecosystem Rewards – Singtel (Bonus Interest) and Section C for the current Biz Ecosystem Rewards – Singtel (Singtel Rewards), comprising the Singtel Retail Promotion and the Singtel Business Loyalty Promotion, have been revised to end on 30 June 2025.

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.

Terms and conditions: Business Account Terms, Biz Ecosystem Terms - Grab and Biz Ecosystem Terms - Singtel shall apply. For full terms and conditions, please visit business.gxs.com.sg

Updated as of 30 May 2025

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