MariBank is a Singapore digital bank licensed by the Monetary Authority of Singapore and wholly owned by Sea Limited. Its retail banking model is built around the Mari Savings Account, debit and credit cards, fixed deposits, digital payments and Mari Invest products, without a physical branch or ATM network.
The main rate to separate clearly in 2026 is 0.88% p.a. as the Mari Savings Account base rate versus up to 3.08% p.a. when current promotional bonuses are combined. The 3.08% figure is not a permanent rate available to every account holder: the largest bonus is for new users and lasts only 30 days, while other bonuses have their own eligibility conditions.
MAS-Regulated
0.88% Base Savings Rate
Up to 3.08% With Bonuses
No Physical Branches or ATMs
MariBank Review Snapshot
MariBank Singapore Private Limited
Wholly owned by Sea Limited
App-based digital banking
Monetary Authority of Singapore
0.88% p.a.
Up to 3.08% p.a. with qualifying promotional bonuses
No minimum deposit stated
S$0
None
Eligible Singapore-dollar deposits are insured up to S$100,000 in aggregate per depositor per Scheme member
MariBank differs from a traditional branch-led bank because most account servicing, payments, card controls and product access take place digitally. Customers comparing digital accounts with conventional savings products may also find the structure of bonus-rate savings accounts useful, since MariBank uses a base-plus-bonus model for its highest advertised rate.
Mari Savings Account Rates: 0.88% Base and Up to 3.08%
The Mari Savings Account pays a 0.88% p.a. base interest rate without requiring a minimum card spend or salary credit for the base rate itself. Current promotions can add several separate bonuses.
| Rate Component | Rate | Main Requirement | Timing |
|---|---|---|---|
| Base interest | 0.88% p.a. | Mari Savings Account balance | Base account rate; subject to future rate changes |
| New-user bonus | +1.60% p.a. | Qualifying new MariBank customer | First 30 days |
| ShopeeVIP bonus | +0.40% p.a. | Qualifying ShopeeVIP relationship and promotion requirements | During the applicable promotion period |
| Salary credit bonus | +0.20% p.a. | Qualifying salary credit | During the applicable promotion period while conditions are met |
Rate distinction: 3.08% p.a. is obtained by combining the 0.88% base rate with the 1.60%, 0.40% and 0.20% promotional components. The +1.60% new-user component applies only for the first 30 days. The current savings bonus promotion is listed through 31 December 2026, subject to its individual terms.
What the Different MariBank Rates Mean in Practice
0.88% p.a.
This is the account’s base rate without relying on the promotional salary, ShopeeVIP or new-user bonuses.
1.48% p.a.
0.88% base + 0.20% salary bonus + 0.40% ShopeeVIP bonus, assuming the customer qualifies for both promotions.
3.08% p.a.
The maximum combination includes the +1.60% new-user bonus, which lasts only for the first 30 days.
How the Salary Bonus Works
The salary bonus adds 0.20% p.a. when the account meets MariBank’s qualifying salary-credit conditions. To extend the salary bonus into the following month under the current promotion, MariBank states that at least one eligible salary credit transaction of S$500 or more must be received during the relevant calendar month.
This makes the salary component smaller than the temporary new-user bonus, but potentially more repeatable while the promotion remains active and its conditions continue to be met. The distinction between base interest and behavioural bonuses is also relevant when comparing salary-linked interest rules across Singapore savings accounts.
How MariBank Daily Interest Is Calculated
MariBank calculates Mari Savings Account interest daily using the account balance and applicable annual interest rate. Interest is credited on the following day, so customers can see small interest entries rather than waiting for a monthly crediting cycle.
Basic daily calculation: account balance × applicable annual rate ÷ number of days in the year.
The amount displayed must round to at least S$0.01. Because credited interest can become part of the subsequent balance, actual results can differ slightly from simple estimates.
Estimated Interest Over 30 Days
The examples below assume the same balance remains in the account for 30 days and use a simple balance × annual rate × 30 ÷ 365 calculation. They are illustrations rather than a prediction of the amount a particular account will receive.
| Constant Balance | 0.88% Base | 1.48% Scenario | 3.08% Scenario |
|---|---|---|---|
| S$5,000 | About S$3.62 | About S$6.08 | About S$12.66 |
| S$10,000 | About S$7.23 | About S$12.16 | About S$25.32 |
| S$50,000 | About S$36.16 | About S$60.82 | About S$126.58 |
| S$100,000 | About S$72.33 | About S$121.64 | About S$253.15 |
Do not annualise the 3.08% new-user combination as though it automatically applies for 12 months. The +1.60% new-user component lasts 30 days. After that period, the applicable rate depends on the base rate and any other bonuses for which the customer remains eligible.
MariBank Fees and Money Transfers
Mari Savings Account avoids several charges that can make small-balance accounts less practical. The current public fee schedule lists no fall-below fee and no local transfer fee.
| Item | Current Treatment | What It Means |
|---|---|---|
| Account maintenance / fall-below | S$0 fall-below fee | No stated minimum-balance penalty for the Mari Savings Account |
| Local transfer | S$0 | FAST and PayNow transfers can be used without a MariBank local transfer charge |
| Transfer trace / cancellation | Waived on the current public fee schedule | Check the current schedule if a transfer investigation or cancellation is needed |
| Overseas transfer fee | S$0 promotional transfer fee | Current promotion runs through 31 December 2026; future pricing should be checked before transferring |
MariBank supports local transfers through Singapore’s major instant-payment channels. Customers unfamiliar with mobile-number, NRIC/FIN and UEN proxies can review how PayNow setup in Singapore works before linking or transferring funds.
Overseas transfer promotion: MariBank currently lists an unlimited S$0 transfer-fee promotion through 31 December 2026. The final amount received can still depend on the quoted exchange rate and the details shown for the selected transfer corridor, so the in-app transfer quote should be reviewed before confirmation.
PayNow, NETS and SGQR Scan & Pay
MariBank’s Scan & Pay function supports PayNow, NETS and SGQR payments. MariBank states that the service can be used across more than 40,000 merchant acceptance points, giving the savings account a direct everyday-payment role rather than limiting it to storing funds.
September 2026 Scan & Pay promotion: eligible payments at participating NETS SGQR merchants can earn 1% cashback from 1 to 30 September 2026. The promotion requires a minimum S$3 eligible transaction, is capped at S$30 cashback per customer and applies to the first 100,000 eligible transactions under the promotion terms.
Mari Debit Card: Cashback and Overseas Spending
The Mari Debit Card draws spending directly from the linked Mari Savings Account. A virtual card is provided through the digital account flow, while an eligible customer can request a physical card. The current fee schedule lists no annual card fee and no replacement-card fee.
| Debit Card Feature | Current Terms |
|---|---|
| Annual fee | S$0 |
| Eligible local SGD spending | 0.5% cashback with no minimum spend stated |
| Eligible foreign-currency overseas spending | 0.5% cashback on up to S$1,500 of eligible overseas spend per month under the current 2026 promotion |
| Foreign-currency transaction fee treatment | Prior 1% Mastercard charge and 2% MariBank fee are not charged on qualifying foreign-currency transactions from 1 January 2026 under the current terms |
SGD-Processed Overseas Transactions Are Different
A foreign merchant charging the card in Singapore dollars is not treated the same way as a purchase processed in foreign currency. MariBank’s current debit-card fee schedule lists a 1% Mastercard currency conversion charge for SGD-denominated transactions processed overseas, including situations where dynamic currency conversion is used.
This distinction matters when comparing claims such as “no foreign-currency fee” with the actual currency selected at checkout. The broader mechanics are covered in BanksInSG’s explanation of foreign transaction fees.
Mari Credit Card: 1.5% Cashback and the Cost of Carrying a Balance
MariBank’s credit card currently pays 1.5% cashback on eligible local SGD spending without a minimum spend requirement. The card has no annual fee on the current fee schedule and includes a separate 2026 overseas-spending promotion.
S$0
1.5%
No minimum spend stated.
1.5%
Up to S$1,500 eligible overseas spend per month under the current 2026 promotion.
Up to 51 calendar days
Subject to the card’s payment and statement conditions.
No Late Fee Does Not Mean Late Payment Is Cost-Free
MariBank currently lists no late-payment fee, but interest can still be charged when card balances are not paid according to the required terms. The public credit-card fee schedule lists 27.99% p.a. nominal interest on an outstanding balance when the statement amount is not paid in full by its due date and 30.99% p.a. late interest when the minimum payment due is not paid in full by the due date.
The cashback rate and borrowing rate should be assessed separately. A 1.5% cashback benefit does not offset a 27.99% or 30.99% annual interest rate if a balance is carried long enough for interest to apply.
Foreign-currency transactions also receive the revised 2026 fee treatment, but SGD-denominated transactions processed overseas can still attract the 1% Mastercard currency conversion charge described in MariBank’s current card terms.
Mari Fixed Deposit: S$100 Entry Point and App-Based Rates
Mari Fixed Deposit can be opened from S$100, making its entry amount lower than the minimum placement required by some fixed-deposit products. MariBank offers multiple tenors, but its current public rate page directs customers to the app for the rates and tenors available at the time of placement rather than publishing one permanent web rate.
S$100
Multiple tenors; current choices are shown in the MariBank app
No fee stated on the current public fee schedule
Check the app before placement because available rates can change
The stated maturity return should not be assumed if a deposit is broken before maturity. Customers comparing tenor length, liquidity and early withdrawal treatment can use the broader explanation of Singapore fixed deposits for context.
Why no fixed-deposit percentage is quoted here: MariBank’s public rate page currently tells customers to check available Fixed Deposit rates and tenors in the app. Quoting a past promotional rate as the current 2026 rate would therefore be misleading.
Cash Access Is MariBank’s Main Structural Limitation
MariBank has no physical bank branches and no MariBank ATMs. It also states that the Mari Debit Card cannot be used to withdraw cash from ATMs locally or overseas. This makes the account very different from a conventional current or savings account backed by a branch and cash-machine network.
- PayNow and FAST transfers
- QR payments
- Debit and credit card spending
- Customers who already operate mainly without cash
- Regular cash deposits
- ATM cash withdrawals
- Customers who want branch counter service
- Banking needs that depend on in-person assistance
Account opening and servicing are therefore built around the digital channel. Customers deciding between app-based and counter-based banking can compare the practical differences in online and branch account opening.
Mari Invest Is an Investment Platform, Not a Savings Deposit
Mari Invest sits inside the same digital banking ecosystem but should not be grouped with Mari Savings Account interest. Investment values can rise or fall, fund-management charges apply, and Mari Invest products are not insured deposits under the Singapore Deposit Insurance Scheme.
| Mari Invest Product | Main Exposure | Starting Amount | Fund Management Fee |
|---|---|---|---|
| SavePlus | Liquidity-oriented investment fund | From S$1 | 0.25% p.a. |
| Income | Global fixed-income investment | From S$1 | 1.05% p.a. for the listed fund share class |
| Gold | Physical-gold-backed fund | From S$1 | 0.50% p.a. |
| Singapore Equity | Singapore equities and dividend-oriented exposure | From S$1 | 1.25% p.a. |
Mari Savings and Mari Invest answer different needs. Eligible Singapore-dollar deposits in Mari Savings can fall within SDIC deposit protection, while Mari Invest products carry investment risk and are not protected as insured deposits.
Who Can Open MariBank Products?
Eligibility differs by product. The Mari Savings Account has a lower minimum age than Mari Invest and the Mari Credit Card, so access to one MariBank service does not automatically mean eligibility for all of them.
| Product | Minimum Age | Residency / Status Basics |
|---|---|---|
| Mari Savings Account / Mari Debit Card | 16 | Singapore citizens, permanent residents and eligible foreigners holding a valid pass, subject to account requirements |
| Mari Invest | 18 | Singapore-resident eligibility rules apply; additional investment-account restrictions can apply |
| Mari Credit Card | 21 | Singapore citizens, permanent residents and qualifying foreigners with a valid pass, subject to credit-card eligibility requirements |
Mari Savings applications rely on Singpass and MyInfo for identity and personal information. Additional product-specific checks can apply, particularly for credit and investment services.
Is MariBank Safe? MAS Regulation and SDIC Coverage Explained
MariBank Singapore Private Limited is listed by the Monetary Authority of Singapore as a Local Bank. MariBank received a digital bank licence in 2020 and operates under Singapore’s banking regulatory system.
MariBank is regulated by the Monetary Authority of Singapore.
Singapore-dollar savings and fixed deposits that qualify under the Deposit Insurance Scheme are insured up to S$100,000 in aggregate per depositor per Scheme member.
Investment products and foreign-currency deposits are among the products that are not protected as insured Singapore-dollar deposits.
Regulation and deposit insurance address different issues. MAS licensing concerns the bank’s regulated status, while SDIC protection applies only to eligible deposits and only within the Scheme’s coverage rules. Mari Invest market losses, for example, are not converted into insured deposit claims.
MariBank Pros and Limitations in 2026
- 0.88% p.a. base savings rate without a salary-credit requirement for the base rate
- No minimum savings deposit stated
- No fall-below fee
- Interest calculated and credited daily
- Promotional rate can reach 3.08% p.a. for qualifying customers
- S$0 local transfer fee
- PayNow, FAST, NETS and SGQR payment support
- No annual fee on the current Mari Debit Card and Mari Credit Card schedules
- 0.5% eligible local cashback on the debit card
- 1.5% eligible local cashback on the credit card
- Revised foreign-currency card fee treatment in 2026
- Fixed Deposit placements start from S$100
- Eligible Singapore-dollar deposits receive SDIC protection within Scheme limits
- No physical MariBank branches
- No MariBank ATMs
- Mari Debit Card cannot be used for local or overseas ATM cash withdrawals
- 3.08% p.a. is a promotional combination rather than the permanent base rate
- The +1.60% new-user interest bonus lasts only 30 days
- ShopeeVIP and salary bonuses require separate qualifying conditions
- Several overseas card and transfer benefits have stated 2026 promotion end dates
- SGD transactions processed overseas can still attract a 1% Mastercard currency conversion charge
- Current Fixed Deposit rates need to be checked in the app
- Mari Invest carries market risk and fund-management charges
- Credit-card interest can be costly when balances are not paid according to the card terms
Where MariBank Fits Well and Where Another Bank May Still Be Needed
MariBank suits customers who are comfortable managing savings, payments, cards and transfers through an app rather than visiting a branch.
PayNow, FAST, SGQR and card payments make the account more practical for customers whose normal spending rarely requires physical cash.
The promotional savings structure is more useful to customers who actually qualify for the salary, ShopeeVIP or new-user components rather than judging the account solely by the 3.08% headline rate.
Customers who regularly deposit or withdraw cash, need ATM access or prefer face-to-face servicing may still need an account with a physical branch and ATM network.
MariBank Singapore FAQ
What is the MariBank savings rate in 2026?
The Mari Savings Account base rate is 0.88% p.a. Current promotional bonuses can raise the rate to as much as 3.08% p.a. for qualifying customers.
Is the 3.08% MariBank rate permanent?
No. It combines the 0.88% base rate with promotional bonuses. The +1.60% new-user bonus lasts only for the first 30 days, while the other bonuses have separate conditions and promotion periods.
Do I need to credit my salary to earn 0.88%?
No. The 0.88% p.a. rate is the base Mari Savings Account rate. Salary credit is relevant to the additional 0.20% promotional bonus.
Does MariBank require a minimum savings balance?
MariBank states that the Mari Savings Account has no minimum deposit and currently lists no fall-below fee.
Does MariBank have branches in Singapore?
No. MariBank operates digitally and does not provide physical bank branches.
Can I withdraw cash from an ATM with a Mari Debit Card?
No. MariBank states that the Mari Debit Card cannot be used for ATM cash withdrawals locally or overseas.
Is MariBank covered by SDIC?
Eligible Singapore-dollar deposits are covered under Singapore’s Deposit Insurance Scheme up to S$100,000 in aggregate per depositor per Scheme member. Coverage rules apply to eligible deposits rather than every MariBank product.
Is Mari Invest protected by deposit insurance?
No. Mari Invest products are investments rather than insured bank deposits. Their values can change with market conditions.
What is the minimum Mari Fixed Deposit?
Mari Fixed Deposit placements start from S$100. Current rates and available tenors should be checked in the MariBank app before placement.
What cashback does the Mari Debit Card offer?
The current debit-card terms provide 0.5% cashback on eligible local SGD spending. Separate promotional conditions apply to eligible overseas spending.
What cashback does the Mari Credit Card offer?
The current credit-card terms provide 1.5% cashback on eligible local SGD spending without a minimum spend requirement. The 2026 overseas cashback promotion has its own eligibility rules and monthly eligible-spend cap.
Can foreigners open a Mari Savings Account?
Eligible foreigners with a valid pass can apply, alongside Singapore citizens and permanent residents, subject to MariBank’s current onboarding and Singpass/MyInfo requirements.
Verification Notes
Rates, promotional periods, card charges, cashback rules, eligibility and product terms can change. Current account pricing can be checked on MariBank rates and fees, while temporary offers are listed on the MariBank promotions page.
The detailed savings bonus structure, including the new-user, ShopeeVIP and salary components, is described in MariBank’s Savings Account bonus terms. Current debit-card and credit-card charges should be checked on the bank’s Debit Card fee page and Credit Card fee page.
MariBank’s banking status can be verified through the MAS Financial Institutions Directory. Deposit-insurance limits and exclusions should be checked with the Singapore Deposit Insurance Corporation.
MariBank also confirms its digital-only cash-access model in its branch and ATM information. Fixed Deposit offers and Mari Invest product details should be checked directly with MariBank before placing funds because available rates, fund terms and fees may change.
