MariBank Singapore: Complete Guide (2026)
Interest Rates, Features, Credit Card & How to Open Your Account
MariBank Singapore is a MAS-licensed digital full bank owned by Sea Limited — the parent company of Shopee. It offers a no-frills savings account at 0.88% p.a. (credited daily, no conditions), a 1.5% cashback credit card with zero annual fee, overseas transfers to 40+ destinations, and an in-app investment platform. Deposits are insured by SDIC up to S$100,000. Open an account fully digitally via Singpass in minutes.
Not financial advice. All figures are for educational reference only. Data as at June 2026 unless noted.
What is MariBank Singapore?
MariBank Singapore is a wholly-owned subsidiary of Sea Limited — the technology conglomerate behind Shopee, Garena, and SeaMoney. It received its Digital Full Bank (DFB) licence from the Monetary Authority of Singapore (MAS) in 2022, making it one of only two digital full banks in Singapore alongside GXS Bank.
Unlike a traditional bank, MariBank has no physical branches. Everything — from account opening to transfers to investing — happens inside the MariBank app. The bank is closely integrated with the Shopee ecosystem: you can link your Mari Savings Account to Shopee checkout and top up ShopeePay directly from the app.
MariBank targets Singaporeans who want a simple, no-conditions savings account paired with a genuinely useful credit card. There are no complex tiered interest structures, no salary credit requirements, and no minimum balance hurdles.
Mari Savings Account: Interest Rates & Features
The Mari Savings Account is MariBank’s flagship product. As at June 2026, it earns 0.88% p.a. on all balances with absolutely no conditions attached. Interest is calculated on your end-of-day balance and credited to your account the following day.
For a Singapore investor holding S$50,000 in their Mari Savings Account, that translates to roughly S$440 per year in interest, credited incrementally each day — no need to remember a crediting date or chase a monthly statement.
Key Account Features
- Interest rate: 0.88% p.a. on all balances (flat, no tiers)
- Interest credited: Daily (calculated on previous day’s end balance)
- Minimum deposit: None
- Fall-below fee: None
- Local transfers: Free (FAST / PayNow)
- Daily transfer limit: S$1 to S$200,000
- NETS SGQR payments: Supported via the app
- Overseas transfers: S$0 fee (promo waiver until 30 June 2026), 40+ destinations, 20 currencies
Overseas Transfer Highlights
MariBank’s overseas transfer service stands out for China remittances. You can send money via Alipay, Weixin Pay, and UnionPay — making it one of the most seamless China transfer options for Singapore residents. Instant transfers to India via UPI are also available. Under the current promotion, transfer fees are waived until 30 June 2026, after which fees range from S$3 to S$28 depending on destination and method.
Source: MariBank, GXS Bank, Trust Bank official websites. June 2026.
Mari Credit Card: 1.5% Cashback & No Annual Fee
The Mari Credit Card was significantly upgraded in 2026. From 1 January 2026, MariBank removed its foreign transaction fee entirely — making it competitive for both local and overseas spending.
| Spend Type | Cashback Rate | Cap | Promo End |
|---|---|---|---|
| SGD local spend | 1.5% | Uncapped | 31 Dec 2026 |
| Foreign currency spend | 1.5% | Up to S$1,500/month | 31 Dec 2026 |
| Annual Fee | — | S$0 (permanent) | N/A |
Source: MariBank.sg credit card page. June 2026. Cashback rates are promotional; subject to change after 31 Dec 2026.
From 1 March 2026, cashback posts instantly when transactions settle. For a Singaporean spending S$2,000/month locally, that is an easy S$360/year cashback with no conditions to meet.
Eligibility: Singapore Citizens, PRs, or foreigners with a valid pass, aged 21 and above. Apply fully through the MariBank app using Singpass.
Full Product Suite Overview
Beyond savings and credit cards, MariBank has expanded into a full personal finance platform. Here is the complete product lineup as at June 2026:
Source: MariBank.sg. June 2026.
Mari Invest
Mari Invest lets you buy unit trusts, gold, and Singapore equities directly in the app with no minimum investment. Mari Invest SavePlus functions like a money market fund — typically yielding slightly above the savings rate for money you do not need immediately. Mari Invest Gold gives fractional gold exposure with no storage cost. This makes MariBank a credible one-stop app for basic wealth building. For broader strategies, explore our passive income Singapore guide.
Mari Fixed Deposit
For funds you can lock away for 1 to 12 months, MariBank offers fixed deposits with a minimum of S$500. Rates shift with the interest rate environment — check the app for current tenors and yields. Pair this with our Singapore Savings Bonds guide if you want to compare fixed-rate options.
Mari Business Account
MariBank also serves SMEs with a digital current account supporting FAST, PayNow, and overseas transfers to 40+ destinations. Business fixed deposits and credit lines are available too. Best suited for Singapore-focused businesses without complex multi-currency needs.
How to Open a MariBank Account in Singapore
Opening a MariBank account is entirely digital and takes under 10 minutes for most applicants:
- Download the MariBank app — Apple App Store, Google Play Store, or Huawei AppGallery.
- Register with a valid Singapore mobile number.
- Verify your identity via Singpass MyInfo — no manual document uploads needed.
- Open your product — choose the Mari Savings Account, apply for the credit card, or set up Mari Invest from within the same app.
Eligibility: Singaporeans, PRs, and foreigners with a valid pass, aged 16+ for the savings account; 21+ for the credit card. Referral code: 2DCT80WQ.
MariBank vs GXS vs Trust Bank (2026 Comparison)
Singapore has three consumer digital banks: MariBank, GXS Bank (Grab + Singtel), and Trust Bank (Standard Chartered + NTUC FairPrice). Here is how they compare:
| Feature | MariBank | GXS Bank | Trust Bank |
|---|---|---|---|
| Base Savings Rate | 0.88% p.a. | ~1.22% (Boost Pocket) | Up to 2.40% p.a. |
| Conditions for Top Rate | None | Lock-in required | Salary credit + investments |
| Credit Card Cashback | 1.5% all spend | Varies (FlexiCard) | LinkPoints + cashback |
| Annual Fee | S$0 | S$0 | S$0 |
| ATM Access | No | No | Yes (OCBC network) |
| SDIC Insured | Yes (S$100k) | Yes (S$100k) | Yes (S$100k) |
| Best For | Shopee users, simplicity | Grab / Singtel users | NTUC shoppers, higher savers |
Source: MariBank, GXS Bank, Trust Bank official websites. June 2026. Rates subject to change.
Summary: For simplicity and zero conditions, MariBank is the clear winner. Trust Bank offers higher rates if you can meet the criteria. GXS suits frequent Grab users. Many Singapore investors hold accounts at more than one digital bank — there is no penalty for doing so.
Is MariBank Safe?
MariBank is regulated by the Monetary Authority of Singapore (MAS) as a licensed Digital Full Bank — the same regulator that oversees DBS, OCBC, and UOB. It is one of only two DFBs in Singapore. Your deposits are protected by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor — the same protection that applies to all Singapore bank deposits.
Sea Limited, MariBank’s parent, is a NYSE-listed company with a multi-billion dollar market capitalisation. Multi-factor authentication and the latest security protocols protect all transactions in the app.
For more context on MAS-backed instruments, our Singapore T-bills 2026 guide covers government-guaranteed short-term bonds you can pair with your MariBank savings.
MariBank Pros & Cons
What We Like
- Zero-condition savings: 0.88% p.a. with no salary credit, minimum balance, or spending requirement
- Daily interest crediting: See your earnings every day, not once a month
- Best-in-class no-fee credit card: 1.5% cashback on all spend, S$0 annual fee, no FX fees
- Instant cashback posting: From March 2026, rewards appear immediately after transaction settlement
- China remittance: Alipay, Weixin Pay, UnionPay in one app — rare for Singapore banks
- All-in-one investing: Unit trusts, gold, SG equities — all without leaving the app
- Under 10-minute digital onboarding: Singpass + Myinfo, no branch visits
- SDIC insured: Full S$100,000 deposit protection
Limitations to Know
- Not the highest savings rate: Trust Bank pays up to 2.40% p.a. with conditions; 0.88% p.a. is the trade-off for zero conditions
- No physical branches or ATM network: All issues must be resolved through in-app chat or the customer service hotline
- SGD only: No foreign currency balance holding
- Overseas transfer fee waiver ends 30 June 2026: After this date, fees revert to S$3–S$28 per transfer
- App stability: Some users report repeated face verification prompts and temporary account freezes
Use our Singapore retirement calculator to understand how your digital bank savings rate affects your long-term goals.
Frequently Asked Questions
What is the MariBank interest rate in Singapore (2026)?
As at June 2026, the Mari Savings Account earns a flat 0.88% p.a. on all balances. Interest is calculated on your end-of-day balance and credited to your account the following day. There are no conditions — no salary credit, no minimum balance, no minimum spending.
Is MariBank a legitimate bank in Singapore?
Yes. MariBank holds a Digital Full Bank licence from the MAS — one of only two DFBs in Singapore. Deposits are SDIC-insured up to S$100,000. Its parent, Sea Limited, is NYSE-listed.
Who owns MariBank Singapore?
MariBank is wholly owned by Sea Limited, the technology group behind Shopee, Garena, and SeaMoney. Sea Limited is listed on the New York Stock Exchange (NYSE: SE).
What is the MariBank referral code?
The referral code is 2DCT80WQ. Enter this during app registration to be eligible for any active sign-up bonus. Check the MariBank app Promotions tab for the current reward amount.
How does MariBank compare to GXS Bank?
Both are MAS-licensed DFBs. MariBank offers 0.88% p.a. with zero conditions plus a 1.5% cashback credit card. GXS offers up to 1.22% p.a. with lock-in and integrates with Grab. Choose MariBank for simplicity and Shopee users; GXS for Grab-heavy users.
Can foreigners open a MariBank account?
Yes. Foreigners with a valid Singapore pass can open a Mari Savings Account if they are 16 or older and registered on Singpass. MariBank provides a dedicated foreigner account application guide on its website.
Does MariBank have a credit card with no annual fee?
Yes. The Mari Credit Card has a permanent S$0 annual fee. It offers 1.5% cashback on all SGD spend (uncapped) and all foreign currency spend (up to S$1,500/month) — both promotions valid until 31 December 2026. No FX fees apply from January 2026.
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Disclaimer: The Kopi Notes is an independent financial education blog. Nothing on this site constitutes financial advice. Always do your own research and consult a licensed financial adviser before making decisions. The Kopi Notes may earn referral fees from some partners linked above.