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. That is not the highest savings rate in Singapore, but it requires zero salary crediting, zero minimum spending, and zero minimum deposit — making it accessible and truly passive.
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 in 20 currencies
Overseas Transfer Highlights
MariBank’s overseas transfer service is a standout feature. You can send money to China via Alipay, Weixin Pay, and UnionPay — making it one of the most seamless China remittance 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 transfer 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 at the start of 2026. From 1 January 2026, MariBank removed its foreign transaction fee entirely — making the card genuinely competitive for both local and overseas spending.
Current Cashback Rates (as at June 2026)
| Spend Type | Cashback Rate | Cap | Promo End |
|---|---|---|---|
| SGD spend (local) | 1.5% | Uncapped | 31 Dec 2026 |
| Foreign currency spend | 1.5% | Up to S$1,500/month | 31 Dec 2026 |
| Annual Fee | — | S$0 (free forever) | N/A |
Source: MariBank.sg official credit card page. June 2026. Subject to change after promo end dates.
From 1 March 2026, cashback is also credited instantly when transactions are posted — you no longer wait over a month to see your rewards. For a Singaporean spending S$2,000/month locally, that’s an easy S$360/year cashback with no hoop-jumping.
To apply, you need to be a Singapore Citizen, Permanent Resident, or foreigner with a valid pass, and be at least 21 years old. Applications are done fully through the MariBank app using Singpass.
Full Product Suite Overview
Beyond savings and credit cards, MariBank has quietly expanded into a full personal finance platform. Here is the complete lineup as at June 2026:
Source: MariBank.sg. June 2026.
Mari Invest
Mari Invest allows you to buy unit trusts, gold, and Singapore equities directly within the MariBank app with no minimum investment required. The Mari Invest SavePlus product functions like a money market fund — it offers slightly higher returns than the savings account for cash you don’t need immediately. Mari Invest Gold allows fractional gold exposure without physical storage costs. This makes MariBank a credible one-stop app for basic wealth building. For broader passive income strategies, also explore our passive income Singapore guide.
Mari Fixed Deposit
For funds you can lock away for 1 to 12 months, MariBank also offers fixed deposits. The minimum deposit is S$500. Rates vary by tenor — check the MariBank app for current rates, as fixed deposit rates shift frequently with the interest rate environment.
Mari Business Account
MariBank also serves SMEs with the Mari Business Account — a digital current account supporting FAST, PayNow, and overseas transfers to 40+ destinations. It also offers business fixed deposits and credit lines. The account is 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. Here is the step-by-step process:
- Download the MariBank app — available on the Apple App Store, Google Play Store, and Huawei AppGallery.
- Register with a valid Singapore mobile number.
- Verify your identity via Singpass MyInfo — no documents to upload manually; your details are pulled securely from government records.
- Open your preferred product — choose the Mari Savings Account, apply for the credit card, or set up Mari Invest from the same app.
Eligibility: Savings account is open to Singaporeans, PRs, and foreigners with a valid pass, aged 16 and above. The credit card requires age 21+. No minimum income requirement is listed for the savings account.
Referral tip: use referral code 2DCT80WQ when registering for potential sign-up bonuses (check the MariBank app for current referral promotions).
MariBank vs GXS vs Trust Bank Singapore (2026 Comparison)
Singapore now has three consumer digital banks: MariBank, GXS Bank (Grab + Singtel), and Trust Bank (Standard Chartered + NTUC FairPrice). Each targets a slightly different user. Here is how they compare on the metrics that matter most:
| Feature | MariBank | GXS Bank | Trust Bank |
|---|---|---|---|
| Base Savings Rate | 0.88% p.a. | ~1.22% p.a. (Boost Pocket) | Up to 2.40% p.a. |
| Conditions for Top Rate | None | Lock-in required | Salary credit + investments |
| Credit Card Cashback | 1.5% on all spend | Varies (GXS FlexiCard) | LinkPoints + cashback options |
| Annual Fee | S$0 | S$0 | S$0 |
| Physical ATM Access | No | No | Yes (OCBC ATM network) |
| SDIC Deposit Insurance | Yes (up to S$100,000) | Yes (up to S$100,000) | Yes (up to S$100,000) |
| Best For | Shopee users, simplicity seekers | Grab / daily commuters | NTUC shoppers, higher savers |
Source: MariBank, GXS Bank, Trust Bank official websites. June 2026. Rates subject to change.
Bottom line: If you want simplicity and zero conditions, MariBank wins. If you can meet salary credit and investment targets, Trust Bank offers a higher rate. GXS suits Grab-heavy users who want micro-savings integrated with their daily commute.
Is MariBank Safe?
MariBank is fully regulated by the Monetary Authority of Singapore (MAS) as a licensed digital full bank — the same regulatory body that oversees DBS, OCBC, and UOB. This is the highest level of banking licence available in Singapore.
Deposits in your Mari Savings Account are insured under the Singapore Deposit Insurance Corporation (SDIC) Deposit Insurance Scheme for up to S$100,000 per depositor. This means even if MariBank were to fail (an unlikely scenario given MAS oversight), your first S$100,000 is fully protected by law.
The bank also uses multi-factor authentication and the latest security standards for all transactions. Its parent company, Sea Limited, is a NYSE-listed technology firm with a market capitalisation of tens of billions of dollars — providing institutional backing well beyond a typical startup.
For reference, our Singapore T-bills 2026 guide explores other MAS-backed low-risk instruments you can pair with a MariBank savings account.
MariBank Pros & Cons
What We Like
- No-conditions savings rate — 0.88% p.a. with zero salary credit, minimum balance, or spending requirements
- Daily interest crediting — you earn and see your interest every day, not once a month
- Strongest no-fee credit card — 1.5% cashback on all spend, no annual fee, no FX fees from 2026
- Instant cashback posting — from March 2026, cashback posts instantly on transaction settlement
- China remittance — Alipay, Weixin Pay, and UnionPay transfers in one app (rare for Singapore banks)
- All-in-one investing — buy unit trusts, gold, and SG equities from the same app
- Digital onboarding — account open in under 10 minutes via Singpass, no branch visit
- SDIC insured — S$100,000 deposit protection
Limitations to Be Aware Of
- Savings rate not the highest — Trust Bank can pay up to 2.40% p.a. if you meet conditions; MariBank’s 0.88% p.a. is competitive only on a no-conditions basis
- No physical branches or ATMs — if you ever need cash or face a technical issue, you cannot walk into a branch
- SGD only — you cannot hold foreign currency balances in MariBank
- Overseas transfer fee waiver ends 30 June 2026 — after this date, most transfers revert to S$3–S$28 per transaction
- App stability complaints — some users have reported repeated face verification prompts and temporary account freezes
- No debit card ATM withdrawals — the Mari Debit Card works for online and contactless payments but is not linked to an ATM network
If you are comparing digital bank options, also check our Singapore Savings Bonds guide for a risk-free alternative, or use our Singapore retirement calculator to model how your digital bank savings fit into long-term plans.
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 required.
Is MariBank a legitimate bank in Singapore?
Yes. MariBank Singapore Private Limited holds a Digital Full Bank (DFB) licence from the Monetary Authority of Singapore (MAS). It is one of only two digital full banks licensed in Singapore. Deposits are insured by SDIC up to S$100,000 per depositor. The bank is a subsidiary of Sea Limited, listed on the NYSE.
Who owns MariBank Singapore?
MariBank is wholly owned by Sea Limited, the Singapore-headquartered technology group behind Shopee (e-commerce), Garena (gaming), and SeaMoney (digital financial services). Sea Limited is listed on the New York Stock Exchange (NYSE: SE).
What is the MariBank referral code?
The referral code for MariBank is 2DCT80WQ. Enter this during registration in the MariBank app to be eligible for any active sign-up bonus. Check the app’s Promotions section for the current referral reward amount as it changes periodically.
How does MariBank compare to GXS Bank?
Both are MAS-licensed digital full banks, but they differ in approach. MariBank offers 0.88% p.a. with zero conditions, a 1.5% cashback credit card, and strong China remittance features. GXS Bank offers up to 1.22% p.a. (with lock-in via Boost Pockets) and is better integrated with the Grab and Singtel ecosystems. If you are a frequent Shopee shopper or need China transfers, MariBank is the better fit. If you use Grab daily, GXS may suit you better.
Can foreigners open a MariBank account in Singapore?
Yes. Foreigners holding a valid Singapore pass (Employment Pass, S-Pass, Dependant Pass, etc.) can open a Mari Savings Account. You must be at least 16 years old. Account opening requires Singpass access, so you will need to be registered on Singpass as a foreign national. A separate account application guide for foreigners is available on the MariBank website.
Does MariBank have a credit card with no annual fee?
Yes. The Mari Credit Card has a S$0 annual fee permanently. It currently offers 1.5% cashback on all local (SGD) spend with no cap, and 1.5% cashback on foreign currency spend up to S$1,500 per calendar month (promotion valid until 31 December 2026). From 1 January 2026, there are also no foreign transaction fees.
Explore More from The Kopi Notes
MariBank is just one piece of your Singapore personal finance picture. Here are our most useful resources to help you do more with your money:
- Endowus referral code — invest your CPF and SRS into low-cost funds
- Syfe referral code and sign-up bonus — robo-advisor for diversified portfolios
- CPF investment strategy — make your CPF OA work harder alongside your digital bank
- Singapore retirement calculator — plan how much you need to retire
- Passive income Singapore — beyond savings accounts, how to build recurring income
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 investment or banking decisions. The Kopi Notes may earn referral fees from some of the partners linked above — this does not influence our editorial views.