Notices

Revisions to Cyber Fraud Protect Campaign
7 November 2024

We wish to notify you that the end date of the current Cyber Fraud Protect Campaign (“Campaign”) has been extended. Originally scheduled to conclude on 13 November 2024, please take note that the Campaign will now end on 13 February 2025.

The revised Campaign Terms and Conditions is available here and will also be available here effective 14 November 2024.

We thank you for your continued support and participation in our campaigns.

Revisions to Terms and Conditions Governing Retail Banking Products
25 September 2024

We will be revising our Terms and Conditions Governing Retail Banking Products and the revised terms will come into effect from 16 October 2024.

In summary, the revisions are as follows:


Revisions to Section A (General Terms and Conditions)

  • Clause 1.1(d) - This clause has been revised to clarify that the checks performed on customers are including but not limited to the relevant credit, anti-money laundering and fraud checks.

  • Clause 10.5(k) - This clause has been added to clarify that the Bank reserves the right to freeze, suspend, block, close, or terminate any or all of your accounts or services with us, with or without prior notice, if you become mentally unsound.

  • Clause 13.3 - This clause has been updated to specify that any combination or consolidation of your accounts by the Bank will occur with 7 calendar days' prior notice.

  • Clause 18.3(o) - This clause has been added to clarify that the Bank reserves the right to terminate these Terms, discontinue any services or products provided to you, and close your account immediately and without notice in the event of your death.

  • Clause 28 - This clause has been added to clarify that these Terms will be binding on your heirs, legal representatives, successors, and estate, as well as on the Bank’s successors and assigns, and that your obligations and liabilities will continue to be in effect, regardless of any changes to the Bank's constitution.


Revisions to Section C (Debit Card Specific Terms)

  • Clause 4.7 - This clause has been revised to further clarify the pre-authorization amount and hold period for petrol transactions.

  • Clause 4.8 - This clause has been added to clarify the pre-authorization amount and hold period for non-petrol transactions.

  • Clause 4.9 - This clause has been added to clarify that the Bank will post the exact transaction amount to the Designated Account and release any remaining On Hold Balance once the merchant has settled the purchase transaction.


You can read the revised Terms and Conditions Governing Retail Banking Products here. (Effective Date: 16 October 2024)

Revisions to Interest Rates on the GX Account
6 September 2024

We will be revising the interest rates for the Main Account and Savings Pocket(s) of your GX Account with effect from 1 October 2024.

The interest rate on your Main Account and Savings Pocket(s) will be adjusted from 3.00% p.a. to 2.00% p.a. and a summary of the revisions to the interest rates is as follows:

GX AccountCurrent Daily Interest Rate
(Prior to 1 October 2024)
Revised Daily Interest Rate
(Effective 1 October 2024)
Main Account3.00% p.a.2.00% p.a.
Savings Pocket(s)3.00% p.a.2.00% p.a.


A member of PIDM.
Deposits are protected by PIDM up to RM250,000 for each depositor.

Click here for more details.

Notice of Conclusion of Campaign Reward
7 August 2024

We are pleased to share that our offering of the following Reward Category and Campaign Reward as part of the GX Rewards Experience Campaign has garnered extraordinary interest:

Reward Category: Link GX Account with Grab App and Subscribe for GrabUnlimited
Campaign Reward: Up to 6 months' cashback of GrabUnlimited monthly subscription fee

However, due to the overwhelming response, we regret to inform you that, effective from 15 August 2024, the above Reward Category and Campaign Reward will be discontinued and will no longer be available.

We sincerely appreciate and thank you for your enthusiastic participation and continued support.

Revisions to GX Rewards Experience Campaign Terms and Conditions
24 July 2024

We will be revising our GX Rewards Experience Campaign Terms and Conditions with effect from 1 August 2024.

In summary, the revisions are as follows:


GX Rewards Experience Campaign

1) We have revised Clause 4.1 under the Campaign Reward Crediting/Eligibility section for Reward Category 1 as follows:

The cashback will be credited to an Eligible Participant’s GX Account after the Eligible Spend is either authorised or settled, i.e., when the Eligible Spend is under the “Processing” or ”Successful” status. In exceptional cases, crediting of the cashback could take up to two (2) weeks from the date the Eligible Spend is performed. If the Eligible Spend is subsequently cancelled, any credited cashback amount will be clawed back or debited from the Eligible Participant’s GX Account.

2) We have also removed the following under the Campaign Reward Crediting/Eligibility section for Reward Category 1:

(ii) In determining the total Eligible Spend of an Eligible Participant in a day, the Eligible Spend charged to an Eligible Participant’s GX Card will be consolidated based on the Eligible Spend Transaction Posting/ Settlement Date.


The revised GX Rewards Experience Campaign Terms and Conditions is available here (ENG), here (BM), and will also be available here effective 1 August 2024.

Revision to DuitNow ID Registration Reward Campaign Terms and Conditions
24 July 2024

We will be revising our DuitNow ID Registration Reward Campaign Terms and Conditions with effect from 1 August 2024.

In summary, the revisions are as follows:

1. Campaign name has been updated to DuitNow ID Reward Campaign (previously DuitNow ID Registration Campaign).

2. Clause 2.2(a) has been updated as follows:
2.2 The following persons shall not be eligible to participate in this Campaign:
(a) customers who had previously successfully claimed the RM8 one-off cashback pursuant to the DuitNow ID Registration Reward Campaign or the GX Rewards Experience Campaign under Reward Category 2;

3. The Campaign Reward as set out under Clause 4.1 has been revised from RM8 cashback (one-off) to RM5 cashback (one-off).

4. The Important Note under Clause 4.1 is revised as follows:
*Important Note: Customers who had successfully claimed the one-off RM8 cashback reward pursuant to the DuitNow ID Registration Reward Campaign or the GX Rewards Experience Campaign (under Reward Category 2) shall not be eligible for the above Campaign Reward.

5. A new Clause 4.2 has been added as follows:
4.2 If GXBank subsequently discovers that an Eligible Participant is in fact not eligible for the Campaign Reward or there is any error or mistake in the crediting of the Campaign Reward, GXBank reserves the right to refuse to credit the Campaign Reward or amend, correct or adjust the Campaign Reward, or debit the amount of the Campaign Reward, if already awarded, from the Eligible Participant’s GX Account (which includes both the Main Account and any Savings Pockets). Where the monies standing to the credit of the Eligible Participant’s GX Account are not sufficient to reimburse GXBank for the amount of the Campaign Reward, the Eligible Participant shall immediately reimburse GXBank for the amount of the Campaign Reward on demand.

The revised DuitNow ID Registration Reward Campaign Terms and Conditions is available here (ENG), here (BM), and will also be available here effective 1 August 2024.

Revisions to GXBank x GSC Campaign
12 June 2024

We will be revising our GXBank x GSC Campaign with effect from 12 June 2024.

In summary, the revisions are as follows:


GXBank x GSC Campaign

Added the following for further clarity on the Qualifying Criteria under Clause 3.1:

(b) at checkout, you must select the “Credit Card/Debit Card” payment mode and fill in your GX Card details;

Important Note: The Campaign Reward is strictly not available with any other payment modes at checkout such as Click To Pay or saved GX Card in E-Wallets.


The revised GXBank x GSC Campaign Terms and Conditions is available here and will also be available here effective 12 June 2024.

Revisions to GX Rewards Experience Campaign
6 June 2024

We will be revising our GX Rewards Experience Campaign Terms and Conditions with effect from 12 June 2024.

In summary, the revisions are as follows:


GX Rewards Experience Campaign

1. Revision to Clause 3.3

We have revised Clause 3.3 to include the following new Excluded Transactions for Reward Category 1:

(d) any transactions/ payments to the merchants, AirPay Malaysia Sdn Bhd, FassPay and Codashop;
(g) payments for the following professional and commercial services:

Description
Manual Cash Disbursements
Automated Cash Disbursements
Merchandise and Services at a Financial Institution
Securities: Brokers/Dealers
Real Estate Agents and Managers: Rentals
Payment Transaction Services to Transfer Funds to a Mastercard Account

(h) payments for the following contracted services:

Description
General Contractors - Residential and Commercial
Air Conditioning, Heating and Plumbing Contractors
Electrical Contractors
Insulation, Masonry, Plastering, Stonework and Tile Setting Contractors
Carpentry Contractors
Roofing and Siding, Sheet Metal Work Contractors
Concrete Work Contractors
Contractors, Special Trade Contractors - not elsewhere classified
Miscellaneous Publishing and Printing
Typesetting, Plate Making and Related Services
Sanitation, Polishing and Specialty Cleaning Preparations


2. Revision to Clause 4.3(b)

We have revised Clause 4.3(b) to provide clarity on the term “GX Account” and to stipulate that deductions may be made from the Main Account or any Savings Pockets of an Eligible Participant’s GX Account under the circumstances provided for in Clause 4.3(b). The revised Clause 4.3(b) is as follows:

(b) “...to an Eligible Participant’s GX Account (which includes both the Main Account and any Savings Pockets)...”

3. Revision to Clause 4.3(c)

We have revised Clause 4.3(c) to set out the instances when GXBank may, among others, make adjustments to the Eligible Cashback. The revised Clause 4.3(c) is as follows:

(c) “if GXBank subsequently discovers that an Eligible Customer is in fact not eligible for the Eligible Cashback or there is any error or mistake in the crediting or awarding of the Eligible Cashback, GXBank reserves the right to refuse to credit the Eligible Cashback or amend, correct, adjust or clawback the Eligible Cashback, or debit an amount equivalent to the Eligible Cashback, if already awarded, from the Eligible Customer’s GX Account (which includes both the Main Account and any Savings Pockets). Where the monies standing to the credit of the Eligible Customer’s GX Account are not sufficient to reimburse GXBank for the amount of the Eligible Cashback, the Eligible Customer shall immediately reimburse GXBank for the amount of the Eligible Cashback on demand.”


The revised GX Rewards Experience Campaign Terms and Conditions is available here (ENG), here (BM), and will also be available here effective 12 June 2024.

Revisions to Zalora 15% Off with GX Card Campaign End Date
6 June 2024

We wish to notify you that the end date of the current Zalora 15% Off with GX Card Campaign (“Campaign”) has been brought forward.

Originally scheduled to conclude until full redemption of the Campaign Reward, please take note that the Campaign will now end on 15 June 2024.

We thank you for your continued support and participation in our campaigns.

Revision to GX Referral Campaign Terms and Conditions
27 May 2024

We have revised our GX Referral Campaign Terms and Conditions with effect from 27 May 2024.

The revisions is as follows:


Revision to Clause 2.1(b)
We have revised the stipulated start date in Clause 2.1(b) from 27 May 2024 to 30 May 2024. The revised Clause 2.1(b) is as follows:
‍“all individual customers of GXBank with a GX Account from 30 May 2024 onwards.”


The revised GX Referral Campaign Terms and Conditions are available here.

Revisions to GXBank Fund-In Reward Campaign End Date and Terms and Conditions
15 May 2024

We wish to notify you that the end date of the current GXBank Fund-In Reward Campaign (“Campaign”) has been brought forward. Originally scheduled to conclude on 30 June 2024, please take note that the Campaign will now end on 27 May 2024.

Additionally, we will be revising the GXBank Fund-In Reward Campaign Terms and Conditions with effect from 22 May 2024 and a summary of the revisions are as follows:

1. Revision to Clause 4.2 - We have updated Clause 4.2 to set out the instances where GXBank may, among others, disqualify an Eligible Customer from participating in the Campaign or decline to credit, cancel the crediting of or debit the Campaign Reward from an Eligible Customer’s GX Account.

2. New Clause 4.3 - We have inserted a new Clause 4.3 which sets out the instances where GXBank may, among others, make adjustments to the credited Campaign Reward.

The revised GXBank Fund-In Reward Campaign Terms and Conditions is available here (ENG), here (BM) and will also be available here effective 22 May 2024.

We thank you for your continued support and participation in our campaigns.

Revisions to GX Raya Bonus Interest Campaign Terms and Conditions
22 April 2024

Please take note that we will be revising our GX Raya Bonus Interest Campaign Terms and Conditions with effect from 23 April 2024.

Pursuant to the existing GX Raya Bonus Interest Campaign Terms and Conditions:

- GXBank reserves the right to change, amend or vary the Bonus Interest Eligibility Period and/ or the Eligibility Criteria at any time with notice (refer to Clause 2.2)

- By participating in this Campaign, Eligible Customers agree and acknowledge that this Campaign has a maximum capping of RM1,000,000,000.00 on the total placements received (“Maximum Capping”) on a first come, first serve basis. GXBank strictly has no obligation to inform Eligible Customers once the Maximum Capping is reached (refer to Clause 2.3)

We hereby give you notice that the Maximum Capping has now been reached and we will be revising the Bonus Interest Eligibility Period and Eligibility Criteria for this Campaign (among others).

In summary the revisions are as follows:

1. Revision to Clause 2.1(b)

- We have revised Clause 2.1(b) pertaining to the Qualifying Criteria for Savings Pockets, stipulating that Savings Pockets must be created prior to 23 April 2024 to qualify for the Bonus Interest. The revised Clause 2.1(b) is as follows:

“...have created one (1) or more Savings Pockets before 23 April 2024 (or during such period as determined by GXBank from time to time) (“Bonus Interest Eligibility Period”)”

2. Insertion of a new Clause 2.4

- We have inserted a new Clause 2.4 to set out the new Bonus Interest Eligibility requirements with effect from 23 April 2024. The new Clause 2.4 is as follows:

“With reference to Clause 2.3 above, the Maximum Capping has been reached. Effective 23 April 2024, the Bonus Interest (as defined in Clause 3.1 below) is only applicable for Savings Pockets created before 23 April 2024. Eligible Customers who created Savings Pockets before 23 April 2024 will continue to receive the Bonus Interest on the end-of-day balance of such existing Savings Pockets until the end of the Campaign Period. Customers who create Savings Pockets on or after 23 April 2024 will not be eligible to receive the Bonus Interest and will only be eligible to receive the Base Interest (as defined in Clause 3.1 below) on the end-of-day balance of such Savings Pockets.”


The revised GX Raya Bonus Interest Campaign Terms and Conditions is available here, and will also be available here effective 23 April 2024.

Revisions to Terms and Conditions Governing Retail Banking Products
25 March 2024

We have revised our Terms and Conditions Governing Retail Banking Products set out below and the revised terms and conditions will come into effect from 15 April 2024.

In summary, the revisions are as follows:


Revisions to Section C (Debit Card Specific Terms)

- Clause 3.17 - The clause has been revised to outline that if the Designated Account has insufficient funds, we shall debit any shortfall from any Savings Pockets you have with us for the amount of any payment, purchase, withdrawal of cash or transfer of funds carried out using the Debit Card as per the Bank’s record of transactions.


You can read the revised Terms and Conditions Governing Retail Banking Products here. (Effective Date: 15 April 2024)

Revisions to Terms and Conditions Governing Retail Banking Products
23 January 2024

With effect from 14 February 2024

We have revised our Terms and Conditions Governing Retail Banking Products and the revised terms will come into effect from 14 February 2024.

In summary, the revisions are as follows:


Revisions to Section B (GX Account Specific Terms)

• References to “savings account” are replaced with “GX Account” in Section B.

• Clause 4.3 – The term “credited” is replaced with “posted” to clarify that interest earned will be recorded posted to your Main Account and/or Savings Pocket on the same day the interest is earned.

Revisions to Section C (Debit Card Specific Terms)

• References to “savings account” are replaced with “GX Account” in Section C (to align with the amendments made to Section B).

• The term “Cardholder” is removed in Section C and replaced with “you” and “your” where applicable.

• Clause 4.3 – The wording “...from the Designated Account” is added at the end of the clause.

• Clause 4.7 – The pre-authorisation amount is revised to “RM200 or such other amount determined by the petrol station”.

• Clause 4.7 – The duration during which the Bank will hold the pre-authorisation amount until posting the exact amount of the transaction and releasing any extra On- Held Balance from the Designated Account is revised to “three (3) working days”.


You can read the revised Terms and Conditions Governing Retail Banking Products here (Effective Date: 14 February 2024).

Updates to GXBank DuitNow Terms and Conditions
22 March 2024

GXBank’s DuitNow Terms and Conditions will be updated with effect from 22 March 2024

In summary, the updates are as follows:

1. Insertion of the following new paragraph:

By agreeing, accessing or utilizing the DuitNow services as provided by Us, You agree to be bound by (A) the NAD Terms and Conditions, (B) the DuitNow Transfer Service Terms and Conditions and (C) the DuitNow QR Service Terms and Conditions (collectively, the “DuitNow Terms and Conditions”).

2. Introduction of a new Section C - DuitNow QR Service Terms and Conditions, which will govern your use of the DuitNow QR service offered by GXBank.

The updated DuitNow Terms and Conditions are available here.

Revisions to GXBank’s Campaign Terms and Conditions
26 February 2024

Updated as at 26 February 2024

We have revised our campaign terms and conditions set out below and the revised campaign terms and conditions will come into effect from 26 February 2024

In summary, the revisions are as follows:


GXBank Fund-In Reward Campaign

Campaign Period has been extended until 30 June 2024.

Existing: 8 January to 29 February 2024
Updated: 8 January to 30 June 2024


You can read the revised campaign terms and conditions here.

Revisions to GXBank’s Campaign Terms and Conditions
21 February 2024

With effect from 21 February 2024

We have revised our campaign terms and conditions set out below and the revised campaign terms and conditions will come into effect from 21 February 2024

In summary, the revisions are as follows:


GX Rewards Experience Campaign Terms and Conditions

New "Excluded Transaction" for Reward Category 1 are added under Clause 3.3:

(d) any transactions to the merchant, ‘AirPay Malaysia Sdn Bhd’;
(e) any transactions related to SSPN Prime/SSPN Plus savings;


The revised campaign terms and conditions are available here (Effective Date: 21 February 2024).

Revisions to GXBank’s Campaign Terms and Conditions
8 February 2024

With effect from 8 February 2024

We have revised our campaign terms and conditions set out below and the revised campaign terms and conditions will come into effect from 8 February 2024

In summary, the revisions are as follows:


Jaya Grocer In-Store Gift with Purchase Campaign Terms and Conditions

The Campaign Reward as set out in Clause 4.1 is updated to include Angpow packet as follows:

- Campaign Reward: Mandarin oranges and Angpow packet


The revised campaign terms and conditions are available here (Effective Date: 8 February 2024).

Revisions to GXBank’s Campaign Terms and Conditions
7 February 2024

With effect from 7 February 2024

We have revised our campaign terms and conditions set out below and the revised campaign terms and conditions will come into effect from 7 February 2024

In summary, the revisions are as follows:


GX Rewards Experience Campaign Terms and Conditions

A new Clause 5.14 is added:

In the event of any inconsistency between the English version of these Terms and Conditions and other languages including but not limited to the Bahasa Malaysia version of these Terms and Conditions, the English version of these Terms and Conditions will prevail.

GXBank Fund-In Reward Campaign Terms and Conditions

A new Clause 5.14 is added:

In the event of any inconsistency between the English version of these Terms and Conditions and other languages including but not limited to the Bahasa Malaysia version of these Terms and Conditions, the English version of these Terms and Conditions will prevail.

DuitNow ID Registration Reward Campaign Terms and Conditions

A new Clause 5.14 is added:

In the event of any inconsistency between the English version of these Terms and Conditions and other languages including but not limited to the Bahasa Malaysia version of these Terms and Conditions, the English version of these Terms and Conditions will prevail.

Jaya Grocer In-Store Gift with Purchase Campaign Terms and Conditions

Clause 4.1 is updated as follows (Angpow packet removed):

- Campaign Reward: Mandarin oranges


The revised campaign terms and conditions are available here (Effective Date: 7 February 2024).

Eligibility & Requirements

Customers must fulfill the following criteria in order to open a GX Account
- Malaysian
- Individual aged 18 years and above
- Does not hold any savings account with GXBank at the time of application
- Hold a bank account with another bank in Malaysia
- Have a Malaysia registered mobile number

After successful account opening, customers are required to make a fund-in deposit within 90 days to activate their account.

Rewards Campaign Terms and Conditions

Click here for the full GrabUnlimited and GrabRewards Campaign Terms and Conditions.

Rewards Campaign Terms and Conditions

Click here for the full GrabUnlimited and GrabRewards Campaign Terms and Conditions.

Rewards Campaign Terms and Conditions

Click here for the full GrabUnlimited and GrabRewards Campaign Terms and Conditions.

Terms and Conditions

Effective Date: 27 September 2023
Click here for the full Terms and Conditions Governing Retail Banking Products & Services.

Terms and Conditions

Effective Date: 27 September 2023
Click here for the full Terms and Conditions Governing Retail Banking Products & Services.