Everyone’s talking about digital banks in Malaysia right now—but which one is actually worth your money?
There are 5 licensed digital banks by BNM, but after deep comparison of features, rates, and user experience, here’s the real no-BS ranking from #5 to #1 👇
🏦 #5 — Boost Bank
A joint venture with RHB, Boost Bank is decent for casual savers.
- Up to ~4% p.a. promo returns (conditions apply)
- Requires monthly e-wallet spending to unlock full benefits
- Savings cap around RM3,000
👉 Good for Boost ecosystem users, but limited for serious savers.
🏦 #4 — KAF Digital Bank
A Shariah-based digital bank focusing on hibah (gift-based returns) instead of fixed interest.
- Around ~5% historical hibah rate (not guaranteed)
- Very simple app experience
- No loans or investment features yet
👉 Best for conservative Islamic savers, but still very basic.
🏦 #3 — GXBank
One of Malaysia’s most mature digital banks.
- Backed by Grab, Singtel & Singtel ecosystem partners
- ~4% p.a. on selected savings pockets
- Strong Grab integration (payments, lifestyle, spending rewards)
- Over 1 million active users
👉 Perfect for heavy Grab users and stable everyday saving.
🏦 #2 — AEON Bank
Malaysia’s first Islamic digital bank.
- ~3% p.a. on savings pockets
- Multiple saving pots (up to 20)
- Strong Shariah compliance structure
⚠️ Promo rate validity may change over time (check latest updates before joining)
👉 Best for Shariah-compliant savers who want structured saving tools.
🏆 #1 — RHB Digital Bank (Game Changer)
The newest disruptor with explosive growth.
- Launched Aug 2025
- 1.2M+ users in just months 🚀
- ~4% p.a. savings pockets
- AI-powered banking (understands Bahasa Melayu naturally 🤯)
- Can perform tasks like chatting with an assistant (pay bills, manage money easily)
👉 Most flexible, most advanced, and fastest-growing digital bank in Malaysia right now.
💡 FINAL VERDICT
- Heavy Grab user → GXBank
- Shariah saver → AEON Bank / KAF Bank
- Simple savings → Boost Bank
- AI + future banking → RHB Digital Bank (No.1)
💥 BONUS: GXBank Reward Promo (Up to RM225!)
Hi! Just sharing this because GXBank is giving out some pretty good rewards right now 💰
They offer personal and business credit limits up to RM150,000 that you can withdraw instantly.
🎁 Use my code MOHD3105 to get up to RM225 reward
💸 How to claim:
1️⃣ RM100 reward
Apply for FlexiCredit & draw down from your personal credit limit
👉 https://gxbank.onelink.me/hSCE/x7n11mx2
2️⃣ RM125 reward
Apply for Biz FlexiLoan & draw down from your business credit limit
👉 Open GXBank → Tap your name → “Create New Account”
🔥 If you’re into smart money moves, this is one of the easiest rewards you can grab right now.
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