Daily Interest at 1.68% p.a., Zero Fees - Grow Your Business with a GXS Biz Account

GXS Biz Account is an interest-bearing current account that is specifically designed for sole proprietorship business owners. The GXS Biz Account offers interest of 1.68% p.a. 

To open a GXS Biz Account, you’ll need to:

• Be at least 18 years old
• Have a residential address in Singapore
• Be a Singaporean citizen or Singapore Permanent Resident
• Have a Singpass Myinfo account
• Have a sole proprietorship with an active ACRA registration account

Make sure that your sole proprietorship details and residential address are updated on ACRA and Singpass respectively, before signing up for an account.

If you require assistance on your Singpass access, you many contact Singpass Helpdesk directly.

You earn interest daily based on the balance of your GXS Biz Account at the end of each day. Base interest earned on the account balance is 1.68% per annum.

We multiply your balance by the interest rate per annum over 365 days. Interest will be credited to your account when you earn at least S$0.01 in accumulated interest.

For example, based on an interest rate of 1.68% per annum applicable on balances in your GXS Biz Account:

On 2nd August 2025, your balance in your GXS Biz Account is S$40,000. You will earn an accrued interest of S$1.84109. S$1.84 will be credited to your account on 3rd August 2025morning. Your balance will now be S$40,001.84. The remaining S$0.00109 will continue to accrue the next day.

You’ll be pleased to know that there are no hidden service charges or fees for GXS Biz Account.

GXS Bank has multiple rewards for the GXS Business Banking customers which are new and existing Grab Merchants. Depending on which vertical of Grab Pay, Grab Food or Grab Mart, there is an enticing value proposition limited to the first 500 sign ups.

However, the rewards are exclusive for Grab Merchants, subject to GXS Biz Account opening and linking the account as your Grab Merchant settlement account.

For Existing Deliveries (GrabFood & GrabMart) merchants :

Waived 12 km Islandwide Delivery subscription fee for 3 months (U.P from $500/mth for Grab Food , from $280/mth for Grab Mart)

OR

For New to Grab Deliveries (GrabFood & GrabMart) merchants: : Activation fee rebate (U.P up to $300)

OR

For New and Existing GrabPay-only merchants : MDR rebate – GrabPay in store (P2M) and online (ONA): 0.5% MDR rebate for 1 month (capped at $300).

GXS Bank offers multiple rewards for their GXS Business Banking customers which are new and existing Grab Merchants. Depending on which vertical of Grab Pay, Grab Food or Grab Mart, there is an enticing value proposition limited to the first 500 sign ups.

However, the rewards are exclusive for Grab Merchants, subject to GXS Biz Account opening and linking the account as your Grab Merchant settlement account.

For Existing Deliveries (GrabFood & GrabMart) merchants : :Waived 12 km Islandwide Delivery subscription fee for 3 months (U.P from $500/mth for Grab Food , from $280/mth for Grab Mart)

OR

For New to Grab Deliveries (GrabFood & GrabMart) merchants: : Activation fee rebate (U.P up to $300)

OR

For New and Existing GrabPay-only merchants : MDR rebate – GrabPay in store (P2M) and online (ONA): 0.5% MDR rebate for 1 month (capped at $300).

Grab Merchants which have successfully opened a GXS Biz Account and linked it to Grab as their Grab Merchant settlement account, will receive a confirmation email from Grab on the benefits.

Rewards issued by Grab are subject to Grab’s terms and conditions which will apply and be communicated by Grab.

As a valued GXS Bank and Singtel customer, you get access to these exclusive business perks with Singtel:

• Discounted 1Gbps Biz Broadband on a 24-month contract.
• 3 free months of a Biz SIM Only Plan.
• A free Digital Marketing Package (for the first 10 eligible customers).
• A 12-month discount on Business CAST.

Please note that Singtel’s terms and conditions apply and Singtel rewards are fulfilled by Singtel only.

GXS Bank will send all the details regarding Singtel reward fulfillment via email to your registered business email address in our records. Please check your inbox for the steps to redeem your Singtel rewards.

GXS Capital operates under the legal entity Validus Capital Pte. Ltd. (UEN 201530032R), which holds a Capital Markets Services license for dealing in Capital Markets Products which are securities, issued by the Monetary Authority of Singapore. Validus Capital Pte. Ltd. is a wholly-owned subsidiary of GXS Bank Pte. Ltd (UEN 202005626H)