Kb27 Supersonic November 11, 2023 Share November 11, 2023 What are your thoughts ? Are they safe ? And Shopee has Maribank discounts. Seems like Youtrip equivalent of credit cards. What is MariBank? MariBank is a digital bank, licensed by the Monetary Authority of Singapore (MAS). With the MariBank mobile banking application, you will be able to make transactions and manage your finances securely and seamlessly all while earning attractive interest rates with zero banking fees, no minimum balance, no salary crediting, and no minimum spending required. ↡ Advertisement Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 11, 2023 Share November 11, 2023 What is the benefit? Link to post Share on other sites More sharing options...
Kb27 Supersonic November 11, 2023 Author Share November 11, 2023 On 11/11/2023 at 11:49 AM, Jamesc said: What is the benefit? I'm not sure, but it seems like you can just open an account, put some money there and get discount at Shopee. Sort of using it as a short-term banking. Are they any hidden charges, I wonder ? Link to post Share on other sites More sharing options...
Gunzy 4th Gear November 11, 2023 Share November 11, 2023 @Kb27 Am using it to make payments and earning 2.88% interest credited daily, no hidden charge, currently linked to shopee and can use the 11.11 Maribank voucher 30% coins cashback promo capped at 3000coins which is equivalent to $30 2 Link to post Share on other sites More sharing options...
t0y0ta Supercharged November 11, 2023 Share November 11, 2023 On 11/11/2023 at 11:41 AM, Kb27 said: What are your thoughts ? Are they safe ? And Shopee has Maribank discounts. Seems like Youtrip equivalent of credit cards. What is MariBank? MariBank is a digital bank, licensed by the Monetary Authority of Singapore (MAS). With the MariBank mobile banking application, you will be able to make transactions and manage your finances securely and seamlessly all while earning attractive interest rates with zero banking fees, no minimum balance, no salary crediting, and no minimum spending required. I thought Maribank is started by Shopee? Link to post Share on other sites More sharing options...
Kb27 Supersonic November 11, 2023 Author Share November 11, 2023 (edited) On 11/11/2023 at 1:21 PM, t0y0ta said: I thought Maribank is started by Shopee? Yeah, you're right. Maribank is a digital bank from Sea Group, parent company of Shopee. 2 other digital banks are GXS (Grab/Singtel) and Trust (StanChart/Fairprice) I wasn't paying attention. Bcuz Shopee has a 30% cashback for Maribank, I was curious what's that bank ? Edited November 11, 2023 by Kb27 Link to post Share on other sites More sharing options...
Stary Turbocharged November 11, 2023 Share November 11, 2023 (edited) Not keen with any new start-up digital bank unless they give super high interest rate and even then I will only put up to the SDIC amount. Remember "Live more, bank less." 😆 Edited November 11, 2023 by Starry 1 Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic November 11, 2023 Share November 11, 2023 Saw this name last year Shopee in deep shit still want open bank even got SDIC the claim process will take time too Link to post Share on other sites More sharing options...
Inlinefour Twincharged November 11, 2023 Share November 11, 2023 Mari sounds so much better for akan datang Young Senior hoping to Mari Kita Daily gxs sounds like ED drug maker trust sounds like CD manufacturer Link to post Share on other sites More sharing options...
ER-3682 Supersonic November 11, 2023 Share November 11, 2023 On 11/11/2023 at 5:24 PM, Thaiyotakamli said: Saw this name last year Shopee in deep shit still want open bank even got SDIC the claim process will take time too Got MAS approved why worry.? Link to post Share on other sites More sharing options...
D3badge 6th Gear November 13, 2023 Share November 13, 2023 On 11/11/2023 at 11:41 AM, Kb27 said: What are your thoughts ? Are they safe ? And Shopee has Maribank discounts. Seems like Youtrip equivalent of credit cards. What is MariBank? MariBank is a digital bank, licensed by the Monetary Authority of Singapore (MAS). With the MariBank mobile banking application, you will be able to make transactions and manage your finances securely and seamlessly all while earning attractive interest rates with zero banking fees, no minimum balance, no salary crediting, and no minimum spending required. Safe of not subjective, personally I can’t be bothered with all this payment or banks. I prefer transitional, established banks https://www.newyorker.com/magazine/2023/03/06/how-the-biggest-fraud-in-german-history-unravelled#:~:text=Then%2C on June 18%2C 2020,or it had never existed. Link to post Share on other sites More sharing options...
D3badge 6th Gear November 13, 2023 Share November 13, 2023 (edited) On 11/12/2023 at 6:15 AM, ER-3682 said: Got MAS approved why worry.? Wirecard was also approved to do business here by MAS 😂 https://asia.nikkei.com/Business/Finance/Singapore-punishes-Citi-DBS-OCBC-over-Wirecard-scandal#:~:text=In 2020%2C the Singaporean central,into insolvency the same year. Edited November 13, 2023 by D3badge Link to post Share on other sites More sharing options...
Throttle2 Supersonic November 13, 2023 Share November 13, 2023 On 11/11/2023 at 5:20 PM, Starry said: Not keen with any new start-up digital bank unless they give super high interest rate and even then I will only put up to the SDIC amount. Remember "Live more, bank less." 😆 Same here. got no time nor need for these things 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic November 13, 2023 Share November 13, 2023 On 11/12/2023 at 6:15 AM, ER-3682 said: Got MAS approved why worry.? Thats a false form of assurance, my friend. With or without MAS approval, do your own assessment and diligence 1 Link to post Share on other sites More sharing options...
Wt_know Hypersonic November 13, 2023 Share November 13, 2023 On 11/13/2023 at 10:53 PM, Throttle2 said: Thats a false form of assurance, my friend. With or without MAS approval, do your own assessment and diligence MAS also approved Crypto … ALL - IN … lol Link to post Share on other sites More sharing options...
Voodooman Supersonic November 14, 2023 Share November 14, 2023 On 11/11/2023 at 6:20 PM, Starry said: Not keen with any new start-up digital bank unless they give super high interest rate and even then I will only put up to the SDIC amount. Remember "Live more, bank less." 😆 Singapore digital banks, unlike its peers elsewhere, are a disappointment so far. Deposit rates are mediocre and systems untested. Are our local banks so competitive that new digital bank with low cost model (no brick and mortar) cannot even compete? Or market is just not big enough for so many players. I will support if they can offer good rates but it will be within insured amount, at least at the beginning. Just to ensure they have a shot at surviving and giving local banks some competition. 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic November 14, 2023 Share November 14, 2023 On 11/11/2023 at 6:24 PM, Thaiyotakamli said: Saw this name last year Shopee in deep shit still want open bank even got SDIC the claim process will take time too Think the bank is fully ringfenced, plus SDIC, if they offer 5%, I will put $75k with them. 3 Link to post Share on other sites More sharing options...
Kb27 Supersonic December 11, 2023 Author Share December 11, 2023 On 11/11/2023 at 11:49 AM, Jamesc said: What is the benefit? I've use this Maribank mainly to purchase small items from Shopee. Instead of Shopeepay, I'll use this instead. For now, it has 30% cashback for certain cashback sellers. So If I buy a $10 item, that's up to $3 discount. It's online app, everything is done online using the app. Transfer money from your regular bank to your Maribank acct, linked it to your Shopee acct, then you can checkout from Shopee using the Maribank voucher. There's no min to maintain, no unnecessary charge. Save a few bucks this way for me. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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