GXS Referral Code CHRI688: Stack the S$8 Bonus and S$20 First Boost With One Transfer

GXS's "up to S$28" is really two separate cashbacks under two separate sets of terms: S$8 from the referral and S$20 from GXS's First Boost campaign. Each has its own deposit rule, its own monthly slots and its own ways to lose it. I read both sets of terms, so here's what a new user actually gets and what to watch.

👉 GXS referral code: CHRI688
👉 Download GXS Bank: https://www.gxs.com.sg/ (GXS has no personal referral link, so you type the code in the app while you apply)

Full disclosure, the code is mine. I keep the steps, rates and FAQs updated on DLCuration's GXS referral page: https://dlcuration.com/gxs-referral-code.html

What a new user gets right now

1. S$8 bonus cashback (Refer for Rewards)

• Open your first GXS Savings Account with CHRI688 entered in the referral field.
• Deposit at least S$500 of fresh funds in one single transaction, in the same calendar month you open the account.
• Credited by the end of the following calendar month.
• Limited to the first 5,000 successful referrals each month, first come, first served.

2. S$20 First Boost cashback (separate GXS campaign)

• Within 30 days of opening your account, create a new 3-month Boost Pocket named exactly First Boost (or FIRST BOOST).
• Put in at least S$5,000 of fresh funds and hold it to maturity.
• Keep your total GXS balance at or above where it was on the day you opened First Boost, for the full 3 months.
• Limited to the first 1,000 successful customers each month. Cashback lands in your Main Account about four months after you open the pocket.

The one-transfer trick: a single S$5,000 transfer from another bank, made in your account-opening month, meets the S$500 condition for the S$8 and funds First Boost. Just move it into the First Boost pocket after it arrives.

Is locking S$5,000 worth it?

GXS quotes an effective 2.82% p.a. for a S$5,000, 3-month First Boost. That's the S$20 annualised plus the normal 1.22% p.a. 3-month Boost Pocket rate (0.88% base + 0.34% bonus). In dollars, roughly S$15 interest + S$20 cashback ≈ S$35 over three months, plus the S$8. Fine for cash you weren't going to touch anyway.

After that, regular Boost Pockets currently pay 1.01% (1 month) up to 2.00% p.a. (18 months), with the bonus part only paid if you hold to maturity. The Main Account pays 0.88% p.a., credited daily.

Steps

1. Download the GXS Bank app and start a GXS Savings Account.
2. Type CHRI688 in the referral field before you submit. It can't be added afterwards.
3. Transfer fresh funds in one go from another bank: S$500 minimum, or S$5,000 if you want First Boost too.
4. Within 30 days, create a new 3-month Boost Pocket named First Boost and move the S$5,000 in.
5. Hold to maturity, don't drop your total balance, and keep the account open until both cashbacks are credited.

Where people lose it ⚠️

• ✅ Forgetting the code. The S$8 is only awarded if the account is opened with the code.
• ✅ Splitting the S$500. It must be one transaction, in the same calendar month as account opening. Opening on the 30th and transferring on the 2nd misses it.
• ✅ Not "fresh funds". Moving money between your own Main Account, Saving Pockets and Boost Pockets doesn't count. Neither does renaming an old pocket "First Boost".
• ✅ Breaking the pocket early or letting your total balance dip during the 3 months.
• ✅ Closing the account before the cashback is credited forfeits it.
• ✅ Slots run out. Both campaigns have monthly caps, so sign up earlier in the month rather than later.

Who qualifies

• You're opening your first GXS Savings Account.
• You haven't held and closed a GXS Savings Account before.
• If you already have a GXS FlexiCard or FlexiLoan but no Savings Account, you can still get the S$8.

What about the Debit Card, FlexiLoan and FlexiCard?

The code can be entered when you sign up for any GXS product, but GXS's referral terms only pay the S$8 for the Savings Account. Quick honest notes on the others:

• Debit Card: unlimited instant rewards on eligible spends of S$10 or more, and no FX fees. You get it through the Savings Account.
• FlexiLoan: GXS lists rates from 2.99% p.a. (EIR 5.65% p.a.), 2 to 60 months, for Singaporeans and PRs earning at least S$20,000 a year. Your actual rate depends on GXS's credit assessment.
• FlexiCard: no interest charges and no minimum income, with instant cashback (up to S$3) on eligible spends of S$10 or more. It's not totally free though: a S$5 Flexi fee applies in months you only pay the minimum, and the S$54.50 annual fee is waived only for the first year. Limit is S$500.
• GXS Credit Card: a separate, newer card (S$30,000 income needed) with its own new-cardholder cashback campaign. You can hold the Credit Card or the FlexiCard, not both.

Honest caveat

GXS Bank is a MAS-licensed digital bank (co-owned by Grab and Singtel), and Singapore dollar deposits including Boost Pockets are SDIC-insured up to S$100,000. S$8 is a small reward, and the S$20 only makes sense if you're happy to park S$5,000 for three months. GXS can change or end either campaign and decides eligibility at its discretion, so check the current terms before you deposit. If anything here stops matching, the DLCuration page above is where I keep the numbers updated.

Not financial advice. Just sharing how I'd go about it if I were opening a GXS account now.