GXBank review

The conversion fee on the GX Card is 1.2%. That sits well above the 0.1% at Wise and the 0% at Bitpanda, so frequent foreign spending costs more here. Spending in the ringgit does not involve a conversion.

Yes. GX Bank Berhad holds a Bank Negara Malaysia licence, 202101014409, and is based in Malaysia. The card is a debit card rather than a prepaid product, and it runs on the mastercard network.

Cashback on GXBank's debit card runs at 0.1% to 1%. The range covers the lowest and highest rates, so the reward depends on the account you hold. The card sits within the bank's multi currency and virtual card line-up.

GXBank lists a virtual card among its features, multi currency and virtual card, so an online-only card can sit alongside the physical GX Card. Paired with multi-currency accounts, it suits people who want separate card details for subscriptions or for spending away from home.

GXBank is a young digital bank, founded in 2023, and it trades as GX Bank Berhad. A shorter history means less of a track record than the long-established banks many customers in its home market already use.

It is a debit card, so spending draws straight on your GXBank balance rather than a prepaid balance you top up. The card runs on the mastercard network and is offered alongside a virtual card through multi currency and virtual card.

Pick GXBank if most of your spending happens in its home market and cashback of 0.1% to 1% is worth more than the conversion fee. If you buy in other currencies often, Wise at 0.1% or Starling Personal Account Debit Card at 0% costs less on every conversion.

Multi-currency support is one of GXBank's listed features, multi currency and virtual card, so several currencies can sit in the same app. The 1.2% conversion fee still applies whenever you move between them, so holding a balance in the currency you spend in is the cheaper route.