MariBank Singapore Review 2026
Interest Rate, Mari Credit Card, Referral Code & Honest Verdict — Updated April 2026
MariBank is Singapore’s fully digital bank backed by Sea Group — the same company behind Shopee and Garena. Since launching its Mari Savings Account and Mari Credit Card, it has attracted hundreds of thousands of Singaporeans looking for a fuss-free digital banking experience with no minimum balance and no salary crediting requirements.
This review covers everything you need to know about MariBank in 2026: current interest rates, product lineup, fees, who it suits best, and whether the referral bonus is worth grabbing. This is not financial advice. All figures are as at April 2026 and subject to change.
What Is MariBank?
MariBank is a fully licensed digital bank in Singapore, operating under a full digital bank (FDB) licence granted by the Monetary Authority of Singapore (MAS). It is owned by Sea Limited, one of Southeast Asia’s largest tech conglomerates, which also operates Shopee (e-commerce) and Garena (gaming).
Launched to retail customers in 2023, MariBank targets Singaporeans who want simple, no-frills digital banking — a savings account that earns interest without conditions, and a credit card that rewards everyday spending. The “Mari” branding appears across all products: Mari Savings Account, Mari Credit Card, and Mari Instant Loan.
Because it operates exclusively through a mobile app, there are no physical branches. All onboarding is done digitally via MyInfo/Singpass, taking under 5 minutes.
Mari Savings Account: Interest Rate & Features
The Mari Savings Account is MariBank’s flagship product. Here is what it offers as at April 2026:
| Feature | Details |
|---|---|
| Interest Rate | 0.88% p.a. (base rate, credited daily) |
| Minimum Balance | None |
| Salary Crediting Required | No |
| Maximum Deposit | S$100,000 |
| Interest Crediting | Daily (based on previous day’s balance) |
| Overseas Transfers | Zero fees to 40+ destinations in 20 currencies |
| SDIC Coverage | Up to S$100,000 per depositor |
| Opening Fees | None |
Key Advantages
No hoops to jump through. Unlike traditional Singapore bank savings accounts (DBS Multiplier, OCBC 360, UOB One), MariBank does not require salary crediting, credit card spend, or investment transactions to unlock higher interest. The 0.88% p.a. is unconditional.
Daily interest crediting. Interest compounds daily, meaning your money earns from Day 1 without waiting for month-end crediting.
Seamless Shopee integration. MariBank links directly to your Shopee account, making it useful if you frequently shop on Shopee and want to earn interest on funds parked before purchases.
Key Limitations
0.88% p.a. is a modest rate compared to money market funds and robo-advisors. If you want higher returns with relatively low risk, platforms like Endowus Cash Smart (targeting ~3–4% p.a.) or Syfe Cash+ may be more suitable for your emergency fund or idle cash.
Mari Credit Card: Cashback & Fees
The Mari Credit Card is a cashback card targeted at everyday spending. Key features as at April 2026:
| Feature | Details |
|---|---|
| Cashback on Shopee | 5% cashback on Shopee transactions |
| Cashback on Other Spending | 1.5% on all other eligible spend |
| Annual Fee | None (fee-free) |
| Minimum Spend | S$500/month to unlock cashback cap |
| Welcome Bonus (2026) | S$30 cashback when spending S$300 within first 30 days |
| New Card Offer | S$50 Shopee voucher pack for new cardholders |
The Mari Credit Card makes most sense if you frequently shop on Shopee. The 5% cashback on Shopee purchases is competitive, and the no-annual-fee structure means there is no cost to holding it as a secondary card. For general everyday spend, other cashback cards in Singapore may offer better reward rates depending on your spending pattern.
Mari Instant Loan
MariBank offers a Mari Instant Loan — a short-term personal loan that can be approved and disbursed entirely through the app. Interest rates are personalised based on creditworthiness. Eligibility requires an existing Mari Savings Account. Loan amounts range from S$1,000 to S$20,000, with repayment terms of 3–12 months.
If you’re considering a personal loan, always compare MariBank’s offered rate against other licensed moneylenders and bank personal loans in Singapore before committing.
Is MariBank Safe?
Yes. MariBank holds a full digital bank licence from the Monetary Authority of Singapore (MAS). This is the same regulatory tier as traditional banks — not a payment institution or e-money licence.
All deposits in the Mari Savings Account are protected under the Singapore Deposit Insurance Corporation (SDIC) scheme, up to S$100,000 per depositor. If MariBank were to fail (an extreme and unlikely scenario), your deposits up to S$100,000 are guaranteed.
The app uses multi-factor authentication. Combined with the MAS licence and SDIC coverage, MariBank carries the same regulatory safety profile as any Singapore-licensed bank.
Who Should Open a MariBank Account?
MariBank is a good fit if you are:
A regular Shopee shopper — The 5% cashback on Shopee via the Mari Credit Card, combined with seamless app-to-Shopee integration, makes it genuinely useful for your day-to-day spending.
Someone who wants a no-conditions savings account — If you can’t or don’t want to meet the salary crediting or minimum spend requirements of DBS/OCBC/UOB accounts, MariBank’s unconditional 0.88% p.a. is a clean alternative.
A young adult or foreigner — Zero-document Singpass onboarding and no-minimum-balance requirement makes MariBank accessible to those just starting out, including EP/S-Pass holders aged 16 and above.
MariBank may not be the right fit if you want to:
Maximise yield on idle cash — At 0.88% p.a., MariBank significantly underperforms money market funds and cash management accounts. Consider Endowus Cash Smart or Syfe Cash+ if yield is your priority.
Invest via CPF or SRS — MariBank does not support CPF or SRS investing. For that, Endowus and FSMOne are the better-established platforms.
MariBank vs GXS vs Chocolate Finance (2026)
| Feature | MariBank | GXS Bank | Chocolate Finance |
|---|---|---|---|
| Base Interest Rate | 0.88% p.a. | ~0.88–1.22% p.a. | ~3.3% p.a. (money market) |
| MAS Licensed | Yes (Full Digital Bank) | Yes (Full Digital Bank) | Yes (CMS Licence) |
| SDIC Protected | Yes (up to $100,000) | Yes (up to $100,000) | No (not a bank deposit) |
| Minimum Balance | None | None | None |
| Credit Card | Yes (5% Shopee cashback) | Yes (GXS FlexiCard) | No |
| Shopee Integration | Yes | No | No |
| Best For | Shopee users, simple savings | Grab ecosystem users | Maximising idle cash yield |
The bottom line: MariBank and GXS sit at a similar interest rate tier. The deciding factor is ecosystem fit — Shopee users lean MariBank, Grab users lean GXS. If yield is the priority, Chocolate Finance or the cash management products on Endowus/Syfe pull ahead significantly.
For a comprehensive comparison of robo-advisors and digital investment platforms, see our guide: Best Robo Advisor Singapore 2026.
MariBank Referral Code 2026
Use our MariBank referral code when signing up to unlock a cash bonus. Bonus amounts and campaign slots are limited — check the MariBank app for the exact current offer.
Referral Code: 2DCT80WQ
How to use: Download the MariBank app → Sign up with Singpass → Enter referral code 2DCT80WQ → Open a Mari Savings Account (and optionally the Mari Credit Card) to qualify for the bonus.
Honest Verdict: Is MariBank Worth It?
MariBank earns its place as a solid secondary bank account for Singapore residents — particularly Shopee regulars. The no-conditions savings account removes the complexity of traditional bank bonus interest structures, and the no-annual-fee Mari Credit Card with 5% Shopee cashback is a genuine daily-use card for the right user.
However, at 0.88% p.a., it is not the place to park your emergency fund or idle cash if yield matters to you. For that, Singapore investors are better served by cash management products from Endowus or Syfe, which target meaningfully higher returns. And for building long-term wealth through CPF investing, dividend portfolios, or ETFs, platforms like FSMOne are more appropriate.
The referral bonus makes the initial sign-up worthwhile if you meet the qualifying conditions — it costs nothing to open an account, and the bonus is essentially free cash. See the full MariBank Referral Code page for the latest offer details.
TKN Rating: 3.5/5 — Great ecosystem fit for Shopee users. Limited appeal for yield-focused investors.
Explore more Singapore investing resources: free financial calculators | Best S-REITs 2026 | CPF Investment Strategy Guide