GXS Digital Bank

[~sabaisabai~]

how come some apply took days to approve and my was like instant.

my also instant

 

[SantyBalls]

agree with your perspective on taking precaution, but the whole point of linkage and having a main account is ease of spending on Grab without having to top up the wallet.

However to each their own, and everyone could take measures they deem appropriate as it helps with raising risk awareness

You should not be using a debit card when there's a better alternatives.

Linking grab to your bank acct essentially makes it a debit card.

 

[crimsontactics]

Hi guys, for the Grab Reward, I just read the T&C, it says that the reward is on a first come first serve basis, how do we know that we will qualify?

Cos if I order a meal using Grab, on average it costs $10. For the 5k points, I need to spend $100 on it. If I qualify then its good, but what if I don't?

 

[b00n12]

Wah, they are smart to come up with this mechanism.

To optimise (from our perspective), those that exceed the $75K, should not withdraw any single cents from the pocket, cos the entire full amount (including the amount more than $75K) earns 3.48% pa. Is my understanding correct?

Thanks!

Hi

Just checking if I do not have 75k and if I moved in and out the money, how is the effect on the interest?

 

[sglandscape]

You should not be using a debit card when there's a better alternatives.

Linking grab to your bank acct essentially makes it a debit card.

it really depends on your use case, since one of the balance is transferable and the credit card top up isn't. For all spend I'll highly recommend the UOB Amex card for grab wallet.

 

[sglandscape]

Hi

Just checking if I do not have 75k and if I moved in and out the money, how is the effect on the interest?

No effect, it's daily interest. What the other post was referring to was, if you transfer the interest out you can't top it back up due to 75k cap and hence those interest earned won't be compounded

 

[htc_user]

Tried to download the GXS Bank app from Google Play Store on my Samsung Phone:

Anyone can help as I seem to keep getting this error since trying on Sunday and with WIFI as well as data

Oops, something went wrong!
There's been an unexpected error. Please try
reloading the app

 

[SantyBalls]

it really depends on your use case, since one of the balance is transferable and the credit card top up isn't. For all spend I'll highly recommend the UOB Amex card for grab wallet.

You should always try to look for alternatives to payment solutions that directly takes money from your bank acct

 

[sellbuyboy]

Can I open now in Jul but only put money in Sep. Any fall below amount charges?

 

[PC-User]

Hi

Just checking if I do not have 75k and if I moved in and out the money, how is the effect on the interest?

In that case you just use the account as per normal. No need to concern about the compounding effect. Anyway this is currently the highest interest zero criteria savings account. Compounding effect is +0.06% at max.

 

[vsvs24]

Hi guys, for the Grab Reward, I just read the T&C, it says that the reward is on a first come first serve basis, how do we know that we will qualify?

Cos if I order a meal using Grab, on average it costs $10. For the 5k points, I need to spend $100 on it. If I qualify then its good, but what if I don't?

Well, you still need to eat right ? Unless you say you won't order using Grab because cheaper options without Grab.

 

[sglandscape]

You should always try to look for alternatives to payment solutions that directly takes money from your bank acct

Having said that, not everyone has access to credit. Specifically the student population and the retiree popliation.

 

[SantyBalls]

Having said that, not everyone has access to credit. Specifically the student population and the retiree popliation.

That's y you delink and manually topup from bank to wallet

 

[sglandscape]

That's y you delink and manually topup from bank to wallet

To each their own though, it's similar to how Paylah is set up. The user has the choice.

 

[SantyBalls]

To each their own though, it's similar to how Paylah is set up. The user has the choice.

Paylah diff. You can set daily limit for paylah.

Gxs have such a feature? Else delinking grab is far from feearmongering. It's a valid concern.

 

[carpark]

Can I open now in Jul but only put money in Sep. Any fall below amount charges?

There is no fall below chargers. No min deposit required.

 

[crimsontactics]

Well, you still need to eat right ? Unless you say you won't order using Grab because cheaper options without Grab.

Yeah true too...

 

[vsvs24]

Yeah true too...

If use self pickup, can spilt up the order.

 

[royalmix]

Hi guys, for the Grab Reward, I just read the T&C, it says that the reward is on a first come first serve basis, how do we know that we will qualify?

Cos if I order a meal using Grab, on average it costs $10. For the 5k points, I need to spend $100 on it. If I qualify then its good, but what if I don't?

1. The Promotion is available to you if:

(i) you maintain a GXS Savings Account during the Promotion Period;

(ii) your GXS Savings Account is linked as a payment method on your Grab app and/or Singtel Dash app; and

(iii) your GXS Savings Account is active and in good standing with the Bank until the point(s) of fulfilment of Rewards Points (as defined below) for this Promotion,

(“Eligible Customer”).

1. You will not be eligible to participate in this Promotion for any new GXS Savings Account you successfully open, if you held and closed a GXS Savings Account previously.

 

[crimsontactics]

If use self pickup, can spilt up the order.

Self pickup like a little lazy...