Am I able to apply for a GXS Biz Account from my Grab Merchant app?
Currently, GXS Biz Accounts can only be applied for via the GXS Bank app.
To apply for a GXS Biz Account:
- Download the GXS Bank app from the App Store or Play Store.
- Launch the app and tap on 'GXS Biz Account - Sign up now'.
- Follow the on-screen instructions.
You'll need to:
- Be at least 18 years old,
- Have a residential address in Singapore,
- Be a Singapore citizen or Singapore Permanent Resident
- Have a Singpass Myinfo account.
- Be a sole proprietorship with an active ACRA registration account
- Not hold an existing GXS Savings Account and/or GXS FlexiLoan Account and/or GXS FlexiCard
Note - we currently do not accept applications from US citizens. If we require additional documents, we will email you or send you a notification on the GXS Bank app.
Your GXS Biz Account will be opened shortly after your documents have been reviewed and approved. We would like to share that your deposits with GXS bank are aggregated and insured up to S$100,000 by the Singapore Deposit Insurance Corporation (SDIC).
If you require assistance on your Singpass access, you may contact Singpass Helpdesk directly.
Switching your settlement account to GXS Biz Account:
- Once your account is opened, log in to your Grab Merchant profile.
- On the home page, tap on the 'GXS Banking' tile.
- Select 'Switch to GXS Biz Account' and follow the instructions.
Please note that it may take around 3 business days for the GXS Biz Account to show up on your Grab Merchant app as your Grab settlement account.