Mari Savings Account Review: Features, interest rates and fees

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MariBank¹ is a licensed digital bank in Singapore which is owned by the group behind Shopee. MariBank offers several great products for Singapore residents, including the Mari Savings Account². This MariBank review focuses on the savings account features, fees, and limits - and also looks at how to get started and how to top up a Mari Savings Account once you have one.

We'll also introduce the Wise account, a handy companion to make your money go further with low, transparent fees.

What is the Mari Savings Account?

The Mari Savings Account is a digital high-interest account which pays out daily interest.

You can get a Mari debit card with your account, which lets you access your money instantly to make payments online and in stores, and you can also send local and international transfers right from your account. Manage your transactions from the MariBank app to keep things simple, with no need to go to a branch to make a payment.

Let’s dive into our full Mari Savings Account Review to learn more.

What are the Mari Savings Account interest rates?

The Mari Savings Account interest rate is variable, with the following rate available at the time of research (21st November 2025)³.

• Mari Savings Account interest rate until 30th November 2025 - 1.28% p.a.
• Mari Savings Account interest rate from 1st December 2025 - 0.88% p.a.

Interest is paid daily and calculated based on the account balance from the previous day. There are very few fees associated with the Mari Savings Account, but there are important limits to know about. The maximum amount you can hold across all your Mari Bank accounts, including both the savings account and any fixed deposit account you open, is 100,000 SGD.

There are also transfer limits for some transfer types, including overseas transfers, which start at 500 SGD per payment.

Mari Savings Account: Main features and benefits

Here’s a quick overview of the key features, fees, and limits you should know about before opening a Mari Savings Account.

*Correct at time of research - 21st November 2025

How to open a Mari Savings Account in Singapore

You can open a Mari Savings Account in Singapore using just your phone, with no need to go to a bank branch. Here’s what to do:

1. Download the MariBank app.
2. Click the option to sign up.
3. Register using your Singapore mobile phone number.
4. Fill out the application using Singpass.
5. You may be asked to add proof of address documents, depending on the situation.

Applications are verified in 1 - 5 days, and you’ll get a push notification or message to confirm your account is ready to use.

Requirements for opening a Mari Savings Account

To open a Mari Savings Account in Singapore, you’ll need to be⁷:

• Singaporean, Singapore Permanent Resident or foreigner with a valid pass
• 16 years old or older

If you’re applying with Singpass, you may not need to provide any additional paperwork⁸, but for work pass holders, you’ll normally have to provide address documents⁹ as your residence may not be reflected on your Singpass account.

How to top up the Mari Savings Account

You can top up your MariBank account using bank transfer, PayNow or PayNow QR transfer. Limits may apply, which you can see in your MariBank app.

Topping up your account is managed in your own local banking service or the MariBank app. If you’re topping up with a bank transfer, you’ll need to get your MariBank account number from the app and then use it to make a transfer from your preferred Singapore bank account in the bank’s online or mobile banking system.

For PayNow transfers, you need to register MariBank to PayNow and then send money from the PayNow app, or use the PayNow feature in your online banking service.

Can you do an overseas transfer with MariBank?

Yes. You can send a MariBank overseas remittance¹⁰ to select countries and currencies, with the transfer fee waived until the end of 2025. After this, fees will apply that vary depending on the country you’re sending to and the currency. These fees can run from 0 SGD to 28 SGD, depending on the payment you’re making.

Bear in mind that costs may also apply in the exchange rate being used. Compare your options with other providers to see if the exchange rate offered is attractive, or if a better deal may be found elsewhere.

Is the Mari Savings Account safe?

Yes. MariBank is MAS-licensed, and so your deposits are protected to the legal maximum by the Singapore Deposit Insurance Corporation. There are also in-app security features, including encryption and multi-factor authentication, to help keep your account and your money safe.

A cheap and convenient alternative: Wise account

The Wise account is an easy way to hold and exchange 40+ currencies, including SGD, MYR, EUR, CNY, and more. All you need to do is create a free account to get started.

With Wise, you can exchange currencies at the mid-market rate each time, with low, transparent conversion fees from 0.26% and absolutely no markups. Plus, you can order a linked Wise card for convenient spending without any foreign transaction fees, and up to 2 free ATM withdrawals to the value of 350 SGD when you're overseas. You'll even get 8+ local account details to get paid conveniently to your Wise account in SGD and a selection of other major global currencies.

What's more, you can activate Wise Interest to earn returns* on your eligible balances while keeping your money available to spend.

*Growth is not guaranteed. Capital at risk.

Sending money or making payments abroad? Wise also offers fast, low cost transfers to 140+ countries - you can track your transfer in your account and your recipient will also be notified when a transfer reaches them.

🚀 Get Started with Wise

Summary: Who is the Mari Savings Account best for?

MariBank offers low cost, intuitive products which can help you manage your money day to day in Singapore dollars. You can save and get interest in the MariBank Savings Account, and also earn cashback when you spend with your Mari debit card.

Bear in mind that some fees can apply when you use your MaryBank account. In particular, international costs may creep in, including a 3% foreign transaction fee if you spend overseas, with international remittance costs set to begin in January 2026 if you’re sending money abroad.

You may find that you’re better off if you use your Mari account for local payments and savings, but also get an account from a provider like Wise for your international needs. Wise offers low cost currency conversion with the mid-market rate, and cheap, fast payments to 140+ countries - which may make it the perfect partner to Mari for your overseas payments and spending.

Sources used:

1. MariBank
2. Mari Savings Account
3. Mari FAQ - savings interest and limits
4. MariBank debit card
5. Mari debit card fees
6. Mari credit card fees
7. Mari FAQ - eligibility
8. Mari FAQ - documents required
9. Mari FAQ - address documents
10. MariBank overseas remittance