Trust Bank Singapore is an app-based bank backed by Standard Chartered Bank and FairPrice Group. For 2026, its main consumer appeal sits in three areas: a savings account with selectable interest plans, no-annual-fee credit cards, and everyday rewards tied to FairPrice Group, Caltex, Linkpoints and selected partners. The product set is useful for customers who want mobile-first banking, grocery-linked rewards and low foreign transaction friction, but rates, eligibility and reward caps should be checked in the Trust App and official product terms before applying.
Main Details
Trust Bank Singapore Limited
App-based Singapore bank
Full Bank listed in the Monetary Authority of Singapore Financial Institutions Directory
Standard Chartered Bank and FairPrice Group
Dwaipayan Sadhu, listed by MAS as Chief Executive Officer
9733
TRBUSGSG
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Regulatory status, contact details and named personnel should be verified through the MAS Financial Institutions Directory. Product rates and rewards can change, so the Trust App and official product pages remain the operational source for customer-specific terms.
Trust Bank Singapore Review 2026
Who Trust Bank May Suit
Trust Bank is strongest for users who prefer app-based banking, FairPrice Group rewards, Linkpoints, card controls and low-friction overseas card spending. It may also suit customers comparing everyday savings accounts with card-linked reward activity.
What to Check First
Check the current savings plan, bonus interest conditions, card reward caps, eligible spend exclusions, cash advance charges and late payment rules. A headline rate or reward percentage may depend on monthly behaviour, transaction category or quarterly limits.
Main Limitations
Trust is not branch-led in the way older retail banks are. Customers who need regular counter service, complex business banking or cash-heavy workflows may need to compare it with banks that have wider physical branch and ATM service coverage.
Product Snapshot
| Product | Type | Main Use | 2026 Feature | Official Check |
|---|---|---|---|---|
| Savings Account by Trust | Savings | SGD deposits, PayNow inflows, monthly bonus interest options | Up to 2.40% p.a. on deposits up to S$1.2 million, depending on selected plan and conditions | Trust savings account |
| Trust Cashback Credit Card | Credit card | Cashback on local and foreign eligible spend | No annual fee; no Trust foreign transaction fee; up to 15% bonus cashback on a preferred category, subject to cap and conditions | Trust credit cards |
| Trust Link / NTUC Link Credit Card | Credit card | FairPrice Group, Linkpoints and daily essentials | No annual fee; no Trust foreign transaction fee; personalised EIR from 1 July 2026 | Trust Link card |
| Trust Card Smart Switch | Feature | Switch card use between debit and credit from the app | Useful for customers who want one card interface for different payment modes | Trust official site |
| Savings Pots | Feature | Separate money inside the app for goals or planned spending | Budgeting support without opening multiple traditional sub-accounts | Trust official site |
| TrustInvest Access | Investment access | Stocks and mutual funds inside the Trust ecosystem | Investment balances may count toward Trust+ eligibility, but investment products are not SDIC-insured | Trust+ terms |
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Trust Savings Account Features
The Savings Account by Trust is built around selectable monthly plans rather than one static headline rate. The official savings page lists three plans: Flex, Signature and Zen. Flex can reach up to 2.40% p.a. when selected bonus conditions are met; Signature is listed at up to 1.00% p.a.; Zen is listed at a flat 0.40% p.a. These rates apply under the published plan conditions and may not apply to every customer balance or month.
Flex Plan
Flex is designed for customers who can meet activity conditions. Published bonus examples include salary crediting via GIRO, foreign currency spend, incoming PayNow, eligible TrustInvest activity, referral activity and maintaining a higher Average Daily Balance.
Zen and Signature Plans
Zen is simpler because it uses a flat published rate. Signature sits between a simple plan and activity-based plan, with conditions that may depend on customer type and activity. Customers comparing this with high-interest multiplier accounts should check how many monthly actions they can meet consistently.
Trust states that its savings account has no minimum balance or fall-below fee, no monthly service fee, no account closure fee, no FX fee and no debit card annual fee in its public FAQ. These terms can change, and customers should confirm the latest fee statement in the Trust App before opening or closing an account.
Credit Card Rewards and Cashback
Trust’s credit card range is positioned around daily essentials, FairPrice Group spend, Linkpoints and foreign-currency card use. The official credit card page lists 1.0% unlimited cashback on local eligible spend, 0.5% unlimited cashback on foreign eligible spend, up to 15% bonus cashback on a preferred category, and up to 20% fuel savings at Caltex. It also states that the 15% preferred-category cashback is capped at S$250 per quarter.
1.0%
Unlimited cashback according to the official credit card page.
0.5%
Unlimited cashback; foreign spend rules and exclusions apply.
Up to 15%
Subject to quarterly cap and qualifying spend criteria.
Up to 21%
Published savings figure includes FairPrice Group-related card spend terms.
For users comparing card value, the practical question is not only the headline rate. The real return depends on eligible merchant category codes, excluded transactions, quarterly caps, foreign spend treatment and how much spending naturally falls into the selected category. The same logic applies when comparing miles and cashback cards.
Trust Bank Fees and Charges to Check
| Fee Item | Product | Published Charge | Effective Date | Notes | Official Check |
|---|---|---|---|---|---|
| Minimum balance / fall-below fee | Savings Account by Trust | S$0 | Public FAQ checked July 2026 | Trust FAQ states no minimum balance or fall-below fee. | Savings FAQ |
| Monthly service fee | Savings Account by Trust | S$0 | Public FAQ checked July 2026 | Trust FAQ states no monthly service fee. | Savings FAQ |
| Account closure fee | Savings Account by Trust | S$0 | Public FAQ checked July 2026 | Trust FAQ states no account closure fee. | Savings FAQ |
| Credit card annual fee | Trust Cashback / Trust Link cards | S$0 | Public product pages checked July 2026 | Official pages state no annual fee. | Cashback KFS |
| Trust foreign transaction fee | Trust credit cards | S$0 Trust FX fee | Public KFS checked July 2026 | Visa conversion, DCC and overseas ATM operator charges may still matter. See foreign transaction fees for how overseas card costs usually appear. | Link card KFS |
| Cash advance fee | Trust Cashback card | 8% on cash advance amount over S$5 | 1 February 2026 | Applies to main cardholders; cash advance interest also applies from posting date until full payment. | Cashback KFS |
| Late payment charge | Trust credit cards | S$100; S$200 if statement includes loan instalment | 9 April 2026 | Loan instalments may include Instant Loan, Balance Transfer, Split Purchase and Visa Instalments. | Cashback KFS |
| Credit card EIR | Trust credit cards | 18.9% to 29.9% p.a. | 1 July 2026 | Personalised EIR is reviewed every 6 months and shown in the Trust App. | Link card KFS |
| Local SGD transfer in / out | Savings Account by Trust | S$0 | Public FAQ checked July 2026 | Trust FAQ states it is free to transfer and receive Singapore dollars into the savings account. Local transfer availability also depends on the receiving bank and payment rail. | Pay and transfer FAQ |
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Fees can change through product terms, public notices or app-level updates. Credit card customers should pay particular attention to interest, cash advance treatment, minimum payment rules and transaction exclusions rather than relying only on annual-fee or FX-fee headlines.
PayNow, FAST and Transfer Use
Trust’s savings account can receive Singapore-dollar inflows, and bonus interest conditions may refer to incoming PayNow or GIRO salary crediting depending on the selected savings plan. For everyday banking, this makes Trust most relevant as a mobile account for local SGD transfers, salary-related activity, card spending and reward tracking. Customers comparing transfer behaviour can review how FAST transfers work and how PayNow setup affects local payments.
Salary Credit
Trust’s Flex plan examples refer to GIRO salary credit with a SALA purpose code. A normal FAST transfer may not meet that salary condition, so customers should check how their employer labels the credit.
PayNow Inflows
Incoming PayNow may help unlock a Flex plan bonus if the monthly threshold and posting rules are met. PayNow activity should be checked inside the Trust App before relying on it for interest planning.
Foreign Spend
Trust states no Trust foreign transaction fee on its cards, but customers should avoid assuming all overseas spending is fee-free. Dynamic currency conversion and overseas ATM operator fees may still affect the final amount.
Deposit Insurance and Safety Notes
Trust states that Singapore-dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and investment products are not covered by that deposit insurance statement.
Deposit insurance is a statutory protection limit, not a product return. It does not cover investment losses, foreign-currency products or card debt. Customers holding more than S$100,000 in SGD deposits at the same Scheme member should understand how the aggregate depositor limit works before using any one bank as a large cash parking account.
For official deposit insurance rules, check Trust’s SDIC notice and the SDIC Scheme Members page.
Trust+ Eligibility and Perks
Trust+ is a status tier for customers who meet eligible balance conditions. Public Trust+ terms state that eligibility requires at least S$100,000 in eligible balances across the Savings Account by Trust Average Daily Balance and/or TrustInvest account value. Meeting the condition for a calendar month can provide Trust+ status for the next three months, subject to the official terms.
At least S$100,000 in eligible balances
No fee to be a Trust+ customer or maintain Trust+ status under published terms
First issuance complimentary; later replacements listed at S$100 plus GST
TrustInvest balances can involve market risk. Investment values may move, and investment products are not the same as SGD insured deposits.
How Trust Bank Compares With Traditional Banks
| Area | Trust Bank Singapore | Traditional Retail Bank |
|---|---|---|
| Account Opening | App-led onboarding and digital card access | Often supports both app and branch workflows; see online account opening differences |
| Branch Access | Not designed around a public branch network | Usually stronger for counter service and cash-heavy needs |
| Rewards | Strongest around FairPrice Group, Linkpoints, partner offers and selected spend categories | May offer wider card portfolios, miles cards, cashback cards and premium banking bundles |
| Foreign Card Spend | No Trust foreign transaction fee stated on credit cards | Foreign transaction fees and FX markups vary by card and bank |
| ATM Use | ATM and cash advance rules depend on Trust card settings and Standard Chartered / operator arrangements | Broader branch and ATM networks may be available; compare ATM withdrawal fees before choosing |
Before You Apply
Confirm age, residency, identity verification and credit card eligibility inside the Trust App or official product page.
Use the savings account for deposits and local transfers, the credit card for rewards, and TrustInvest only after understanding investment risk.
Reward exclusions, merchant category codes, minimum spend rules and payment timing can change the actual value earned.
The card may have no annual fee, but interest and late payment charges can outweigh rewards if balances are not paid in full.
Customers who need a bank account mainly for employment pass, work pass or foreign-student use should also check document requirements. Banks may request different onboarding information depending on residency, pass type and product. A useful starting point is the Singapore account documentation overview for account opening documents.
Verification Notes
Data points on licence status, CEO, address and contact details were checked against the MAS Financial Institutions Directory. Product information was checked against Trust’s official savings account, credit card, Cashback card KFS, Link card KFS, Trust+ terms and SDIC pages. Public product information can change without a site-wide banking review update, so customers should confirm the latest terms inside the Trust App before applying, spending, transferring or withdrawing cash.
FAQ
Is Trust Bank Singapore a licensed bank?
Yes. Trust Bank Singapore Limited is listed in the MAS Financial Institutions Directory as a Full Bank. The MAS listing should be used to verify current regulatory status.
Does Trust Bank have a savings account fall-below fee?
Trust’s public savings FAQ states that there is no minimum balance or fall-below fee. Customers should still check the latest app terms before opening or closing an account.
Does the Trust credit card charge foreign transaction fees?
Trust states no Trust foreign transaction fee on its credit cards. Dynamic currency conversion, Visa conversion mechanics and overseas ATM operator fees may still affect overseas payments or withdrawals.
What changed for Trust credit card interest in 2026?
From 1 July 2026, Trust states that credit card EIR is personalised from 18.9% p.a. to 29.9% p.a. and reviewed every six months. The applicable rate is shown in the Trust App.
Are Trust deposits covered by SDIC?
Singapore-dollar deposits of non-bank depositors are covered up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits and investment products are not covered by that deposit insurance statement.
