Singapore
GXS Bank
MAS digital full bank. SDIC S$100k on its own homepage. Grab + Singtel. 3 Media Close.
7.5Solid
activeFeaturedNeobank
- HQ
- Singapore
- Fee
- Confirm live — savings SKUs carry the marketing
Trust Bank
MAS digital bank. Standard Chartered + FairPrice. SDIC S$100k printed on the homepage.
Legal entity: Trust Bank Singapore Limited (confirm live on ACRA; footer prints Co. Reg. No. 202039712G)
Rate this app
7.6Solid
AlternativesFive questions
At a glance
Is it a bank?
Yes — Digital bank — Trust Bank Singapore (Co. Reg. No. 202039712G) (Monetary Authority of Singapore). Still read the entity on the statement.
If it fails?
Homepage Deposit Insurance Scheme box: Singapore dollar deposits of non-bank depositors are insured by SDIC for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Footer: Co. Reg. No. 202039712G. Partnership of Standard Chartered and FairPrice Group — shareholders, not the scheme.
Salary?
A MAS digital-bank SGD savings account can take salary. Confirm PayNow/GIRO details.
Open from abroad?
Singapore KYC / Singpass. Not a tourist product.
Monthly fee
Confirm live — savings + cards carry the marketing
Account number
No IBAN-class local rail on this file.
NeoBankDBVerdict
Licence first · score second
7.6
/10 · Solid
Trust Bank, Co. Reg. No. 202039712G, is a MAS digital bank. The homepage prints the SDIC paragraph in full: SGD deposits of non-bank depositors insured up to S$100,000 in aggregate per depositor per scheme member; foreign-currency, dual-currency, structured deposits and other investments are not insured. That is better copy than most digital banks worldwide. Standard Chartered and FairPrice Group are the partnership — they are not the scheme. GXS is Grab-Singtel. MariBank is Sea. Freedom card and TrustInvest are SKUs; only the eligible SGD deposit is SDIC. Keep salary on the savings account, not on the stockback card.
What it is
FairPrice’s bank with a Standard Chartered parent. Directories sell the card. The SDIC box is the file.
Best for: Singapore residents who want a MAS digital bank with supermarket rewards, and will keep investments off the SDIC line.
Last checked 2026-09-03. Not advice.
What it does well
- +SDIC wording is the full legal paragraph, not a badge
- +Standard Chartered + FairPrice named
- +UEN 202039712G on the footer
- +Honest: investments are not insured
What to watch
- −Credit-card and stock SKUs are not the deposit
- −Singapore-resident
- −FairPrice is distribution, not SDIC
- −FX headline is marketing
Legal entity, not the app icon
Who is behind it
- Legal name
- Trust Bank Singapore Limited (confirm live on ACRA; footer prints Co. Reg. No. 202039712G)
- Parent
- Standard Chartered Bank · FairPrice Group
The product, not the brand colour
The account
- Platforms
- iOS · Android
- Account types
- Savings · credit cards · loans · insurance · investments
- Partner bank
- Trust Bank Singapore
- Availability
- Singapore
- Remote open
- Singapore KYC / Singpass. Not a tourist product.
- Onboarding
- Trust app. Singpass-class identity.
- KYC documents
- Singpass / NRIC.
- Salary / payroll
- A MAS digital-bank SGD savings account can take salary. Confirm PayNow/GIRO details.
- Local rails
- FAST / PayNow on the bank account
How money actually moves
- Who holds the cash
- Bank balance
- How money moves
- In-app ledger
- Built for
- Personal
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Bank-grade; still not freeze-proof
- Card
- visa · physical · virtual · Apple Pay · Google Pay
Licence first
Safety
Homepage Deposit Insurance Scheme box: Singapore dollar deposits of non-bank depositors are insured by SDIC for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Footer: Co. Reg. No. 202039712G. Partnership of Standard Chartered and FairPrice Group — shareholders, not the scheme.
Holder / issuer: Trust Bank Singapore (202039712G)
- Monetary Authority of SingaporeDigital bank — Trust Bank Singapore (Co. Reg. No. 202039712G) · Singapore
Fees
- Monthly
- Confirm live — savings + cards carry the marketing
- FX markup
- ‘Super shiok’ FX is marketed — confirm live tariff
- ATM
- Confirm live
- Interest
- Savings rates marketed live — confirm in-app
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- ✓Stocks
- –Business
- –Kids
- –Halal
- MAS digital bank
- SDIC S$100k printed in full
- Savings + Freedom credit card
- FairPrice Linkpoints
- TrustInvest stocks / funds (not SDIC)
Before you tap Sign up
How to open
Step 1
Name the UEN
202039712G. MAS digital bank. SDIC S$100k on SGD deposits.
Step 2
Singpass in the Trust app
Resident KYC. FairPrice membership is rewards, not the licence.
Step 3
Separate the SKUs
Savings = SDIC. Card, stocks, insurance = not SDIC. Their homepage says so.
Official help: trustbank.sg/
Operator documents
Their own papers
These are the operator’s documents. They outrank this review if they disagree.
Score
- Safety25%
- 8.6
- Fees20%
- 7.8
- Features15%
- 8.2
- App15%
- 8.4
- Global15%
- 4.2
- Support10%
- 7.4
Change log
Full logSafety
Trust Bank prints the full SDIC paragraph
Co. Reg. No. 202039712G. SGD deposits of non-bank depositors up to S$100,000 per depositor per member. Investments are not insured — their words.
Available in
Straight answers
FAQ
01Is Trust Bank a bank?
Trust Bank holds a banking-style licence (Monetary Authority of Singapore). Still read the legal entity on the statement, not the app icon.
02How is money protected?
Homepage Deposit Insurance Scheme box: Singapore dollar deposits of non-bank depositors are insured by SDIC for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Footer: Co. Reg. No. 202039712G. Partnership of Standard Chartered and FairPrice Group — shareholders, not the scheme.
03Where is Trust Bank available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with Trust Bank.
04Card and wallets?
visa · physical · virtual · Apple Pay · Google Pay
05Can I open Trust Bank remotely?
Singapore KYC / Singpass. Not a tourist product.
06What is the legal name behind Trust Bank?
Trust Bank Singapore Limited (confirm live on ACRA; footer prints Co. Reg. No. 202039712G). Read the entity on the statement, not the app icon.
07Can I receive salary on Trust Bank?
A MAS digital-bank SGD savings account can take salary. Confirm PayNow/GIRO details.
08What documents does Trust Bank ask for?
Singpass / NRIC.
09Are Trust investments SDIC-insured?
No. Official: foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
Alternatives
Full alternatives page
MariBank
MAS digital full bank. Sea Limited. SDIC S$100k. Not Shopee Pay and not Grab’s GXS.
4.8
7.5Solid
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