Best Trust Bank alternatives

#1 alternative

GXS Bank

active

MAS digital full bank. SDIC S$100k on its own homepage. Grab + Singtel. 3 Media Close.

Singapore · Singapore digital bank · Grab · Singtel

7.5Solid

GXS Bank Pte. Ltd. (202005626H) is a MAS digital full bank. The homepage prints the only sentence that matters: insured up to S$100K by SDIC. Address on the footer: 3 Media Close, #09-00, Singapore 138498. Grab and Singtel are distribution — you can open from those apps — they are not the deposit. MariBank is Sea’s MAS digital bank. Trust is Standard Chartered + FairPrice. Airwallex is payments. Dash and GrabPay are wallets. If a roundup called GXS a fintech wallet, it lied. Eligible SGD deposits at this member bank follow SDIC; foreign-currency and investment SKUs do not.

Best for: Singapore residents who want a MAS digital bank with SDIC, not a Grab wallet.

Licence

Digital full bank — GXS Bank Pte. Ltd. (202005626H)

Protection

Homepage: insured up to S$100K by SDIC. Terms apply. Footer: © 2026 GXS Bank Pte. Ltd. (202005626H). 3 Media Close, #09-00, Singapore 138498. Eligible SGD deposits at an SDIC member bank. Not GrabPay. Not Singtel Dash. Not Airwallex.

Monthly

Confirm live — savings SKUs carry the marketing

#2 alternative

MariBank

active

MAS digital full bank. Sea Limited. SDIC S$100k. Not Shopee Pay and not Grab’s GXS.

4.8

Singapore · SG digital-bank · Sea Limited

7.5Solid

MariBank Singapore Private Limited is an MAS digital full bank. SDIC up to S$100,000 (the 2024 uplift; older blogs still say S$75k). Sea Limited is the shareholder. Shopee Pay is e-money. GXS is the other digital full bank. Trust is Standard Chartered’s digital brand. Three different Singapore objects. Keep reading the live overseas-transfer tariff.

Best for: Singapore citizens, PRs and pass-holders who want an MAS digital bank, not a Shopee wallet.

Licence

Digital full bank — MariBank Singapore Private Limited. SDIC member

Protection

SDIC deposit insurance up to S$100,000 per depositor per member bank

Monthly

S$0 core pitch — confirm live (overseas-transfer fees restated mid-2026)

#3 alternative

Wise

active

The mid-market FX rail everyone else is measured against.

4.7

London · 16M+ · Public (WISE)

8.6Strong

The control for cross-border. Pair with a licensed local bank for salary protection. Never describe Wise personal as a UK bank account.

Best for: Anyone who receives or sends money across borders for a living.

Licence

EMI (personal)

Protection

Safeguarded e-money at Wise Payments Limited — not FSCS. Wise’s own help: they do not lend customer balances; safeguarding is not a deposit-guarantee scheme. Local account details may sit at partner banks (US: Community Federal Savings Bank in some states).

Monthly

Free personal · Wise Business subscription optional

#4 alternative

Yuh

active

Yuh is not a bank. Swissquote Bank Ltd is. esisuisse cover is CHF 100,000, shared.

Gland · Swiss all-in-one app · Swissquote (100% after July 2025)

7.6Solid

Yuh is not a bank. The English homepage says it in one paragraph: Swissquote Bank Ltd provides the banking, FINMA authorises that bank, and esisuisse cover is CHF 100,000 shared with Swissquote. July 2025 ended the PostFinance joint venture. If you already hold cash at Swissquote, do not count CHF 100,000 twice. Zak is Bank Cler. Neon sits at Hypothekarbank Lenzburg. Read those files separately.

Best for: People who live in Switzerland and want spend plus invest, and who accept Swissquote as the bank.

Licence

Fintech app — not a bank

Protection

Yuh itself is not a bank. Banking sits at Swissquote Bank Ltd, FINMA-authorised. esisuisse covers eligible deposits up to CHF 100,000. Yuh and Swissquote are one entity, so the cap is shared.

Monthly

No fees whenever possible — live list on yuh.com/en/pricing

#5 alternative

Chase UK

active

J.P. Morgan Europe Limited trading as Chase. UK bank, PRA/FCA, FSCS up to £120,000.

London · UK digital bank · JPMorgan Chase

7.6Solid

Chase UK is a bank. The legal name is J.P. Morgan Europe Limited. PRA-authorised, FCA-regulated, FSCS up to £120,000. It is a useful UK current account with honest travel spend. It is not Revolut’s multi-country stack and not a US Chase login. UK tax residents only.

Best for: UK residents who want a JPMorgan current account in an app, with FSCS, and cheap travel spend.

Licence

UK bank

Protection

FSCS up to £120,000 per depositor per bank (Chase UK FSCS page) at J.P. Morgan Europe Limited.

Monthly

£0

#6 alternative

Neo Financial

active

Calgary fintech. Not an OSFI bank. Eligible cash sits in trust at CDIC-member institutions.

Calgary · Canadian fintech · Private

6.8Mixed

Neo Financial is not a bank. Neo Financial Technologies Inc. is a Calgary fintech, a FINTRAC money-services business and a payments-Canada PSP. CDIC cover, when it applies, follows the member institution that holds the funds in trust — Peoples Bank of Canada is named on the HISA. File it as a Canadian app with a partner-bank deposit, not as EQ Bank.

Best for: Canadian residents who want the Neo app and will read which CDIC member holds the cash.

Licence

MSB and payment service provider

Protection

Neo is not a CDIC member. Eligible funds held in trust at CDIC-member institutions can be covered up to CAD $100,000 per beneficiary per member institution.

Monthly

$0 monthly on chequing, on the September 2026 agreement