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 EMI funds in the UK — not FSCS. Local bank details may sit at partner banks.

Monthly

Free personal · Wise Business subscription optional

#4 alternative

Kestrl is a habit layer. Keep a Monzo/Starling/high-street account for the actual deposit. Halal branding does not move FSCS.

Best for: UK Muslims who want a money app that speaks their constraints, with a real bank still underneath.

Licence

App + partner EMI/bank rails

Protection

If a spending account exists, it is partner-EMI or bank — not Kestrl-as-bank

Monthly

Freemium / subscription SKUs — confirm live

#5 alternative

Found

active

US banking for the self-employed: taxes, invoices, and a debit card.

4.8

San Francisco · Self-employed base · Series-era (Allianz x others)

7.3Solid

Found is the freelancer current account. Novo is generic SMB. Relay is multi-entity ops.

Best for: US freelancers who hate QuickBooks more than they hate banks.

Licence

Fintech with partner banks

Protection

FDIC via Piermont Bank and partners

Monthly

Free core

#6 alternative

Varo Bank

active

The rare US neobank that is actually a bank.

4.6

San Francisco · 7M+ · Bank holding + private capital

7.2Solid

When a US page asks ‘is it a real bank?’, Varo is the yes. Chime and Current are the no-with-an-asterisk.

Best for: US users who want a neobank app without the partner-bank asterisk.

Licence

National bank charter

Protection

FDIC insured as Varo Bank, N.A. — not pass-through theatre

Monthly

No monthly on core checking