MariBank Singapore Review 2026: Savings Rate, Features & Referral Code
Sea Limited’s digital full bank — is MariBank’s 0.88% savings rate, zero-fee overseas transfers and up to S$80 welcome bonus worth signing up for?
MariBank — Singapore’s digital full bank backed by Sea Limited (the company behind Shopee) — has been quietly building a reputation since launch. In 2026, it’s added Mari Invest Gold and a Singapore equities fund, waived all overseas FX transfer fees, and is running a referral programme worth up to S$80 for new users.
But is MariBank actually worth it compared to Trust Bank or GXS Bank? And how does its 0.88% savings rate stack up against fixed deposits, Singapore Savings Bonds or even a robo-advisor?
This review covers everything you need to know — savings rates, features, fees, who it’s best for, and how to claim your referral bonus. Not financial advice. Data as at April 2026.
Table of Contents
What Is MariBank Singapore?
MariBank is a Digital Full Bank (DFB) licensed by the Monetary Authority of Singapore (MAS). It is a subsidiary of Sea Limited — the Nasdaq-listed company that also owns Shopee and Garena — making it one of only a handful of digital banks in Singapore to hold a full banking licence.
Unlike a restricted digital bank, a full licence means MariBank can serve both retail and business customers with no cap on deposit size. It was awarded “New Virtual Bank of the Year (Singapore)” at the Asian Banking and Finance Retail Banking Awards 2024.
Key facts: Owner: Sea Limited (Shopee parent). Licence: MAS Digital Full Bank. Deposit insurance: SDIC up to S$100,000. Eligibility: SG citizens, PRs, foreigners with valid pass; age 16+; Singpass required. No minimum deposit or salary crediting.
MariBank Savings Rate 2026
The Mari Savings Account currently offers 0.88% p.a. interest, credited daily. No minimum balance, no lock-in period — fully liquid via PayNow.
| Product | Rate/Return | Lock-in | Risk |
|---|---|---|---|
| MariBank Savings | 0.88% p.a. | None | SDIC insured |
| GXS Bank FlexiDeposit | 2.08–2.58% p.a. | Varies | SDIC insured |
| Singapore T-Bills (6M) | ~1.46% p.a. | 6 months | Government-backed |
| SSB Apr 2026 (SBAPR26) | 1.36% yr1 / 1.99% avg 10-yr | Redeemable monthly | Government-backed |
| DBS/OCBC Fixed Deposit | ~1.00% p.a. | 3–12 months | SDIC insured |
| Endowus Cash Smart (Core) | ~3.0–3.5% p.a.* | T+2 to T+5 | Not SDIC (fund risk) |
*Indicative only. Not guaranteed. Past performance not reliable indicator of future returns.
0.88% p.a. is competitive vs legacy banks but trails GXS and money market funds like Endowus Cash Smart. MariBank’s edge: zero lock-in, instant PayNow, no minimum balance.
Key Features: Loans, Invest & Overseas Transfers
Mari Instant Loan
The Mari Instant Loan offers 1.28% p.a. (EIR 1.92% p.a.), disbursed instantly. The Mari Credit Card is numberless, supports Apple Pay, and is linked to Shopee Coins rewards.
Mari Invest — Gold & Singapore Equities
January 2026: Mari Invest Gold launched. April 2026: Singapore equities fund added. Both are investment products (not SDIC-insured) available in-app — a unique differentiator as Trust Bank and GXS Bank offer no in-app investments.
Zero-Fee Overseas Transfers (from 1 Jan 2026)
FX fees waived for overseas transfers across 10 currencies, 13 countries — including Thailand, Vietnam, Philippines, Malaysia, China, Hong Kong and the US. Best-in-class for SEA remittances.
No ATM, No Debit Card
MariBank has no ATM card or physical debit card. For cash withdrawals, Trust Bank (Standard Chartered ATM network) or GXS Bank (FlexiCard) are better. MariBank works best as a digital savings + transfer + investment complement to your main bank.
MariBank vs Trust Bank vs GXS Bank (2026)
| Feature | MariBank | Trust Bank | GXS Bank |
|---|---|---|---|
| Savings Rate | 0.88% p.a. | Up to 2.5% (conditions) | 2.08–2.58% p.a. |
| MAS Licence | Digital Full Bank | Digital Full Bank | Digital Wholesale Bank |
| SDIC Insured | ✅ S$100k | ✅ S$100k | ✅ S$100k |
| ATM / Debit Card | ❌ None | ✅ ATM access | ✅ FlexiCard |
| In-app Investments | ✅ Gold + equities | ❌ | ❌ |
| Overseas Transfers | ✅ Zero fee, 13 countries | Limited | Limited |
| CPF/SRS Eligible | ❌ | ❌ | ❌ |
| Referral Bonus | Up to S$80 | Up to S$40 | Varies |
| Backed by | Sea Limited (Shopee) | StanChart + FairPrice | Grab + Singtel |
GXS Bank wins on savings rate. Trust Bank wins on daily cashback and ATM. MariBank wins on overseas remittances, in-app investing, and referral bonus value.
Who Should Use MariBank?
| You are… | Recommendation |
|---|---|
| A Shopee regular who wants easy in-app savings | ✅ MariBank — seamless ecosystem fit |
| Sending money home to SEA monthly | ✅ MariBank — zero FX fees, 13 countries |
| Wanting to invest in gold or SG equities easily | ✅ MariBank — only digital bank with in-app investing |
| Maximising savings rate on idle cash | ❌ Consider GXS Bank or Endowus Cash Smart |
| Needing ATM cash withdrawals regularly | ❌ Use Trust Bank or GXS FlexiCard instead |
| Building a CPF/SRS portfolio | ❌ Use Syfe, Endowus, or FSMOne |
| Singapore REIT investor seeking passive income | ❌ Park emergency fund here, invest via Best S-REITs 2026 for higher yields |
Use MariBank for liquidity (emergency fund, overseas transfers). Deploy long-term capital into S-REITs, ETFs or CPF/SRS robo-advisors. Use our retirement planning calculator to model your allocation.
MariBank Referral Code 2026 — Up to S$80 Welcome Bonus
New MariBank users can claim up to S$80 in welcome rewards (S$30 cashback + S$50 Shopee voucher). Referrers earn S$10–S$18 per successful savings account referral.
Visit our referral page for the current code and full bonus terms:
Referral bonus terms are subject to change. Verify on MariBank’s official website before signing up. This page contains referral links from which The Kopi Notes may earn a commission at no additional cost to you.
Looking to build long-term passive income beyond a savings account?
Frequently Asked Questions
Is MariBank safe? Is it MAS-licensed?
What is MariBank's savings interest rate in 2026?
Who can open a MariBank account?
Can I use MariBank for CPF or SRS investing?
Does MariBank have a referral code?
What is Mari Invest Gold?
Our Verdict: Is MariBank Worth It in 2026?
MariBank is worth signing up for — but not as your primary bank. The 0.88% savings rate trails GXS Bank and money market funds, but zero-fee overseas transfers, in-app gold and equities investing, and up to S$80 referral bonus make it a useful tool in a Singapore investor’s toolkit.
Best use: park emergency fund or short-term liquidity here, send overseas remittances fee-free, then deploy long-term capital into S-REITs, ETFs or CPF/SRS robo-advisors via Endowus or Syfe. MariBank fills the gap as a liquid, SDIC-insured digital savings account with real utility.