GX Bank vs AEON Bank Malaysia 2026
Updated Apr 2026 · Both codes verified active
Quick Comparison
AEON Bank
Banking & Finance
AB572574
RM5 referral bonus
Apr 2026
GX Bank vs AEON Bank — Feature Comparison
| GX Bank | AEON Bank | |
|---|---|---|
| Referral Code | OOIY691 | AB572574 |
| Reward | Up to RM225 | RM5 referral bonus |
| Category | Banking & Finance | Banking & Finance |
| Verified | Apr 2026 | Apr 2026 |
GX Bank vs AEON Bank — Overview
Malaysia's digital bank landscape now offers two distinct value propositions. GX Bank (backed by Grab and Kuwait Finance House Malaysia) leads on referral rewards: code OOIY691 gives up to RM225 when you apply for FlexiCredit and Biz FlexiLoan. AEON Bank (backed by AEON Financial Service, Japan) leads on savings rate: 3.00% p.a. with no lock-in, no minimum balance, and full liquidity. Both are among Malaysia's five BNM-licensed digital banks. Both offer app-based account opening with eKYC.
Our Verdict
GX Bank wins on referral reward size (up to RM225 vs RM5). AEON Bank wins on savings rate (3.00% p.a. — significantly better than GX Bank's savings rate). The ideal strategy: sign up for GX Bank first to claim the RM225 reward, then open AEON Bank for its 3.00% p.a. savings rate as your primary savings vehicle. Both are BNM-licensed and PIDM-protected — there's no reason to choose only one.
Choose GX Bank if:
if maximising your referral signup bonus is the priority (up to RM225 via code OOIY691).
Choose AEON Bank if:
if you want the best savings rate (3.00% p.a.) for your day-to-day savings.
FAQ — GX Bank vs AEON Bank
Which gives a better referral reward — GX Bank or AEON Bank?
GX Bank gives up to RM225 in referral rewards (code OOIY691) — significantly more than AEON Bank's RM5 referral bonus (code AB572574). GX Bank's reward requires applying for FlexiCredit or Biz FlexiLoan. AEON Bank's main value is its 3.00% p.a. savings rate, not the referral bonus.
Which digital bank has a better savings rate?
AEON Bank offers 3.00% p.a. on its savings account with no lock-in and no minimum balance — one of the best savings rates among all Malaysian banks. GX Bank's savings account rate is lower. For parking savings, AEON Bank is the better choice.
Can I open both GX Bank and AEON Bank?
Yes. There is no restriction on holding accounts at multiple BNM-licensed banks. Many Malaysians open GX Bank first to claim the RM225 referral reward, then open AEON Bank to take advantage of the 3.00% p.a. savings rate. Both accounts take under 10 minutes to open via their respective apps.
Are GX Bank and AEON Bank safe?
Both are BNM-licensed digital banks and deposits are protected by PIDM (Perbadanan Insurans Deposit Malaysia) up to RM250,000 — the same protection as Maybank, CIMB, and Public Bank. GX Bank is backed by Grab and KFH Malaysia; AEON Bank is backed by AEON Financial Service, a Japanese financial group operating in Malaysia since 1996.