GXS Bank Referral Promo Code: SOHJ167

Unlock the Benefits of Singapore’s Digital-First Bank

GXS Bank—backed by Grab and Singtel—is redefining what banking means in Singapore’s digital age. With the referral code SOHJ167, new users can enjoy a smoother onboarding experience, attractive cashback offers, and access to an ecosystem that combines daily finance, ride-hailing, food delivery, and telecommunications in one app.
This guide explains every product, benefit, and security assurance that makes GXS Bank one of the fastest-growing digital banks in Singapore.

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1. About GXS Bank

1.1 A Joint Venture of Trust

GXS Bank Ltd. was launched on 31 August 2022 after receiving one of Singapore’s first digital full-bank licenses from the Monetary Authority of Singapore (MAS). It is jointly owned by Grab Holdings Inc.—Southeast Asia’s leading super-app—and Singtel Group, Singapore’s largest telecommunications provider.
Together, they combine massive user reach and data insights to deliver financial products designed for today’s digitally connected population.

1.2 Mission and Market Position

Unlike traditional banks with physical branches, GXS is entirely digital. Its mission is to empower individuals who are underserved by conventional banks—gig workers, freelancers, and SME owners.
By eliminating legacy bureaucracy and branch costs, GXS offers competitive interest rates and real-time financial services with the flexibility users expect in 2025.

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2. How the Referral Code SOHJ167 Works

2.1 Simple Sign-Up Process

New users who register with the referral code SOHJ167 during onboarding receive a welcome bonus and qualify for exclusive cashback campaigns.
The registration requires identity verification through Singpass and takes less than five minutes. Once the account is activated, users can start earning interest immediately through the GXS Savings Account and link their Grab wallet for faster fund transfers.

2.2 Fair Disclosure

All bonuses and interest rates are subject to GXS’s latest terms and conditions. As a MAS-regulated digital bank, GXS follows strict guidelines to prevent misleading financial promotions and to ensure fair representation of benefits. Using the referral code SOHJ167 does not affect credit assessment or loan approval.

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3. Products and Features

3.1 GXS Savings Account

The GXS Savings Account is the core of its ecosystem—flexible, transparent, and insured up to S$100,000 by the Singapore Deposit Insurance Corporation (SDIC).

Key Benefits:

1. Daily Interest Payouts: Interest is calculated and credited daily, so users see their balance grow every morning. This compounds faster than monthly interest cycles offered by most traditional banks.

2. No Minimum Balance: Accounts remain active even with S$0, removing penalties that often discourage younger or freelance users.

3. Savings Pockets: Users can create multiple goals—travel, emergency fund, education—each earning daily interest independently.

4. Instant Transfers: Funds move seamlessly between GrabPay and GXS within seconds.

5. Secure Access: Bank-grade encryption and biometric login keep funds safe while maintaining a smooth app experience.

Example: A user with S$5,000 in savings earning 2.68% p.a. receives about S$0.37 interest daily — a visible, motivating reward for consistent saving.

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3.2 GXS FlexiCard

The FlexiCard is a hybrid of debit and credit features with no interest charges and no minimum income requirement. It caters to gig economy workers and students who need cash-flow flexibility without the burden of traditional credit debt.

Features That Stand Out:

• Virtual and physical card options for online and retail payments.

• No annual fees, foreign transaction fees, or hidden charges.

• Instant cashback (up to S$3 per eligible transaction above S$10).

• Flexible repayment model: users can pay in full or defer with a small S$5 Flexi fee—interest-free.

• Real-time spend tracking and budget alerts via the GXS app.

For small business owners and freelancers, this card is a practical tool to manage daily expenses without worrying about compound interest or late-fee penalties.

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3.3 GXS FlexiLoan

The FlexiLoan provides personalised credit access with transparent interest rates. Loans can start from 0% p.a. (EIR 4.13% p.a.) for balance transfers, or as low as 2.99% p.a. (EIR 5.65% p.a.) for instalment plans.

Why It Matters:

• Instant Approval: AI-based risk assessment reduces approval times to minutes.

• Flexible Tenures: Repay over 3 to 24 months with transparent monthly installments.

• No Collateral Needed: Fully unsecured loan backed by Grab and Singtel’s credit risk models.

• Transparent Disclosure: Users see the exact EIR and total repayment before confirming.

Unlike traditional banks that often require fixed income proof, GXS uses alternative data like Grab rides, delivery income, and transaction behavior to evaluate eligibility—an inclusive approach for non-salaried workers.

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3.4 GXS Invest

Launched in 2025, GXS Invest allows users to start investing with as little as S$1 into the Fullerton SGD Cash Fund (Share Class G), managed by Fullerton Fund Management, part of Temasek Holdings.

Features:

• No lock-in periods or transaction fees.

• Average yield around 2.39% p.a. (as of July 2025).

• Free Group Personal Accident insurance coverage worth up to three times the investment amount.

• Instant withdrawal to the GXS Savings Account.

Disclaimer: GXS Invest is not a savings product. Returns may fluctuate, and capital is not guaranteed or insured by SDIC.

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4. Why Use the Referral Code SOHJ167 Now

4.1 Immediate Incentives

Users registering with SOHJ167 gain priority access to ongoing cashback promotions, bonus interest periods, and exclusive raffles within the Grab ecosystem. While exact rewards vary by campaign, they typically range from cash credits to additional interest bonuses for active pockets.

4.2 Long-Term Value

Beyond welcome rewards, GXS accounts deliver real savings over time through daily interest and zero-fee policies. Unlike short-term cash incentives from traditional banks, GXS promotes continuous value through ecosystem integration and smart budgeting features.

4.3 Ease of Maintenance

All transactions, loans, and investments are managed from one app. Users can deposit, track, repay, or withdraw without visiting any branch—a key advantage for busy Singaporeans and freelancers working on-the-go.

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5. How GXS Compares with Traditional Banks

GXS’s digital-first model prioritises speed and accessibility without compromising on trust or regulatory standards.

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6. Security and Trust Factors

6.1 Regulatory Compliance

GXS operates under the supervision of the Monetary Authority of Singapore. All deposit products are insured under the SDIC scheme up to S$100,000 per depositor. This provides peace of mind for users transferring large balances from traditional banks.

6.2 Data Protection

Grab and Singtel have implemented advanced cybersecurity protocols, including multi-factor authentication, real-time fraud monitoring, and data encryption aligned with Singapore’s Personal Data Protection Act (PDPA). All data resides on secure servers within regulated environments.

6.3 Financial Transparency

Interest rates, loan fees, and cashback terms are publicly displayed in the GXS app. No hidden charges exist—fulfilling the trustworthiness criteria that Google’s quality guidelines require for YMYL financial content【7†Untitled†L21-L23】.

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7. Who Should Consider GXS Bank

7.1 Gig Workers and Freelancers

Flexible income often means irregular cash flow. GXS’s no-minimum balance account and interest-free FlexiCard empower gig workers to save and spend efficiently. Its AI credit model recognises non-salary earnings like Grab rides or freelance payments.

7.2 Students and Young Adults

Students benefit from instant cashback on daily spending and additional bonuses when they link their school email accounts. It’s a starter-friendly banking system that encourages saving without pressure from traditional account maintenance rules.

7.3 Small Business Owners and Side-Hustlers

Entrepreneurs can manage business expenses, short-term cash needs, and investment pockets within a single dashboard. The combination of loan access and cashback creates a unique cash-flow advantage for micro-SMEs.

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8. Responsible Financial Practices

GXS Bank encourages users to treat digital banking responsibly: set automated savings goals, track spending, and avoid unnecessary borrowing. It publishes regular financial education tips within its app to promote financial literacy—aligning with Singapore’s national drive for responsible finance.
All information provided is general and should not be taken as personalised financial advice.

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9. Practical Example: How GXS Benefits Typical Users

To better understand the real-world advantages of digital banking, consider a general scenario faced by many Singaporeans today.

A freelance professional or gig worker, for instance, often experiences fluctuating income and delayed payments. With GXS Bank’s daily interest feature and no minimum balance policy, such individuals can still build savings steadily. By using the GXS FlexiCard for essential expenses, they maintain cash flow flexibility without incurring interest or annual fees.

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10. GXS for the Future: What to Expect in 2026

As digital banking adoption grows, GXS is expected to roll out enhanced credit scoring models, deeper integration with GrabPay merchants, and AI-based portfolio tools under GXS Invest. The long-term goal is to position GXS as Singapore’s go-to lifestyle bank—where savings, credit, and spending are seamlessly interconnected.

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11. Frequently Asked Questions (Summary)

Q1: Is GXS Bank safe?
Yes. It is licensed by the Monetary Authority of Singapore and deposits are insured up to S$100,000 by SDIC.

Q2: What is the benefit of using referral code SOHJ167?
You gain access to welcome bonuses, promotional cashback, and potentially higher interest rates during campaign periods.

Q3: Can I open a GXS account if I am a student or freelancer?
Absolutely. GXS specifically caters to gig workers and tertiary students, requiring no minimum income or balance.

Q4: What makes GXS different from other digital banks?
It integrates the Grab and Singtel ecosystems, providing daily rewards, flexible credit, and transparent digital management.

Q5: Are there hidden fees?
No. GXS maintains a zero-hidden-fee policy across all accounts, cards, and loans.

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12. Conclusion: Your Next Step Toward Smart Banking

Digital banking is no longer the future—it’s the present. GXS Bank combines trust, transparency, and technology to give every Singaporean smarter control over their money.
Sign up today with GXS bank promo code: SOHJ167 to enjoy cashback, daily interest, and seamless access to Singapore’s most dynamic financial ecosystem.