About Trust Bank

Trust Bank Singapore is a digital bank backed by Standard Chartered and FairPrice Group. Officially launched on 1st September 2022, Trust Bank is the first digital bank with Digital Full Bank licence that begins operation for public in Singapore.

Read also the media coverage on the launch of Trust Bank Singapore:

• Channel News Asia: New digital bank by Standard Chartered and NTUC to launch savings account and ‘numberless’ credit card (published on 1 Sept 2022)
• The Straits Times: StanChart-NTUC digital bank launches savings account, credit card and personal insurance (published on 1 Sept 2022)
• The Business Times: Singapore’s first digital bank Trust Bank launches (published on 1 Sept 2022)
• Today Online: StanChart, FairPrice tie up to launch digital bank, with firsts such as 'more secure' numberless credit card (published on 1 Sept 2022)
• Zaobao (联合早报): 优信银行正式登场 推出产品包括信用卡储蓄户头等 (published on 1 Sept 2022)

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What are the key benefits of Trust Credit Card?

• Enjoy up to 21% savings on groceries and food at FairPrice Group with the Trust Credit Card.
  
  
  • The 21% savings is given in the form of NTUC Link Points and comes in 4-tier:
    • 2.5% upfront savings on FairPrice groceries if you are a NTUC Union and FairPrice member (or 0.5% savings for non-FairPrice member).
    • additional 8.5% savings if you are a NTUC Union member and meet the monthly minimum eligible spend of S$350 outside of FairPrice Group (or 7.5% savings for non-union member with monthly minimum eligible spend of $450 outside of FairPrice Group).
    • additional 8.0% savings if you are a NTUC Union member and meet the monthly minimum eligible spend of S$350 outside of FairPrice Group for consecutively 3 months (or 7.0% savings for non-union member with monthly minimum eligible spend of $450 outside of FairPrice Group for consecutively 3 months).
    • 2.0% savings on your annual FairPrice groceries spend (subject to approval at the NTUC FairPrice Annual General Meeting) if you are a FairPrice member.


• Enjoy fuel savings with the Trust Credit Card.
  
  
  • Up to 20% savings on fuel purchase at Caltex (including 17% upfront discount).
  • Up to 18% savings on fuel purchase at Esso (including 15% upfront discount).


• There is no annual fee for Trust Credit Card. Trust Bank also does not charge foreign transaction fee (no Visa charges too), cash advance fee and card replacement fee.


• Refer to Trust Bank's website for more promotions from Trust's merchant partners when you pay with your Trust Credit Card.

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What are the key benefits of Trust Bank's Savings Account?

• Earn up to 2.5% per annum interest on the first S$75,000 deposit with Trust Bank Account.
  
  
  • Trust Bank has raised the interest rate of its savings account to 2.5% per annum on the first S$75,000 deposit with effect from 01 November 2022, up from the 1.4% interest per annum on the first S$50,000 deposit when it was first launched in September.
  • The 2.5% per annum interest rate for the first S$75,000 deposit comes in 2-tier:
    • The base rate of 1.5% per annum is provided to all customers without any conditions.
    • If you are NTUC Union member, you are entitled for additional bonus rate of 1.0% per annum (or additional bonus rate of 0.5% for non-union member) if you have performed 5 eligible transactions with your Trust Card for the month.
  • Note that balances above S$75,000 in your savings account will earn 0.05% per annum interest.
  • The interest will be calculated on a daily basis (based on each day-end deposit balance using a 365-day per annum basis), and credited to your savings account on the last day of the month.


• Enjoy up to 11% savings on groceries and food at FairPrice Group with the Trust Debit Card.
  
  
  • The 11% savings is given in the form of NTUC Link Points and comes in 4-tier:
    • 2.5% upfront savings on FairPrice groceries If you are a NTUC Union and FairPrice member (or 0.5% savings for non-FairPrice member).
    • additional 3.5% savings if you are a NTUC Union member and meet the monthly minimum eligible spend of S$200 outside of FairPrice Group (or 2.5% savings for non-union member).
    • additional 3.0% savings if you are a NTUC Union member and meet the monthly minimum eligible spend of S$200 outside of FairPrice Group for consetively 3 months (or 2.0% savings for non-union member).
    • 2.0% savings on your annual FairPrice groceries spend (subject to approval at the NTUC FairPrice Annual General Meeting) if you are a FairPrice member.


• Fuel savings with the Trust Debit Card -
  
  
  • 17% up front discount on fuel purchase at Caltex.
  • 15% up front discount on fuel purchase at Esso.


• Trust savings account is totally free – There is no maintenance fee and no lock in period, no monthly fee, no minimum balance requirement, no account closure fee, no foreign transaction fee and no card replacement fee and any other hidden fees.


• Refer to Trust Bank's website for more promotions from Trust's merchant partners when you pay with your Trust Debit Card.

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Is referral code mandatory to sign up Trust Card or open Trust Bank account ?

While referral code is not mandatory to sign up with Trust Bank, you will earn the sign up reward of S$10 FairPrice e-voucher only if you input the referral code 'PGKPSWAE' during your sign-up process. This is under Trust Bank's "member get member" promotion.

Visit Trust Bank Singapore

More promotions and rewards for Trust Bank customers

You would have enjoyed the following offers and promotions using the coupons provided in your Trust App if you have signed up with Trust in September –

• 🍚 Coupon to redeem a pack of FairPrice Superior Fragrant Rice (1kg) at any NTUC FairPrice outlets for free.
• ☕️🥪 Coupon to redeem a Signature Breakfast Set at Kopitiam outlets for free.
• 🍔 Coupon to redeem a Double Mushroom Swiss burger with S$1.99 at Burger King.
• 🍗🍟 Coupon to redeem a Zinger Box at 50% off at KFC.
• ⛽️ 4 x S$6 off Caltex fuel e-coupons.

For the lovers of KFC, Burger King or Starbucks, promotions available for Trust Card users in October include...

• 🍗 Coupon to redeem Popcorn Chicken at S$0.99 with minimum spend of S$10 at KFC.
• 🍔 Coupon to get a Fish Burger or BBQ Chicken Burger for S$3 at Burger King.
• 🥤 S$2 off with minimum S$10 spend at Starbucks.

... and great deals and promotions for Trust Card users in November include...

• 🍗 Free 4-piece chicken nuggets with purchase of any meals at Burger King.
• 🍔 KFC Original Recipe Burger at S$3.
• 🥤 S$2 off with minimum S$10 spend at Starbucks.

Highlights of Trust Card promo in December include...

• 🍔 Get KFC 'Zhng' Zinger Burger at only S$3 with any purchase at KFC.
• 🫔 Free Chocolate Pie with the purchase of Cheesemas Burger meal at Burger King.
• 🧧️ Free S$5 NTUC FairPrice voucher when you spend S$128 or more in a single receipt with your Trust card from 1 Dec to 15 Dec.

Here are some of the reasons to spend on CNY goodies with your Trust Card... 🧨🍊

• 🥫 Free 2 cans of New Moon abalones when you spend S$888 anywhere with your Trust card from 2 Jan to 8 Jan 2023.
• 💰 S$5 off for purchase of New Moon, Golden Chef, Skylight abalones gift sets.
• 🧧️ Free S$168 NTUC FairPrice voucher when you refer 8 friends to Trust Bank.
• 🛍️️ Free Tobyato tote bag when you spend S$80 or more on fuel at Caltex Singapore.
• 🧧️ Free S$8 NTUC FairPrice voucher when you spend S$128 or more at FairPrice from 16 Jan to 18 Jan 2023.

🌼 New Trust customers get a free 1L of FairPrice Canola Oil upon successfully sign-up for Trust Card from 8 Feb to 28 Feb 2023 (updated on 10 March: Promotion extended to 31 Mar 2023).

What is required to sign up for Trust Bank account?

Customers with a SingPass account will be able to sign up for a Trust account in less than 5 minutes and use their digital cards immediately.

To sign up, simply –

1. Copy the referral code below (by clicking on the 'Copy ' button).
2. Use your mobile phone to visit Trust Bank's website @ https://trustbank.sg (or click on the 'Visit Trust Bank Singapore' button below).
3. Click on the 'Download App' button at Trust Bank's website to download and install Trust Bank SG app via Apple App Store or Google Play Store.
4. Launch the app and select your preferred language (English or Chinese), then click on 'Use referral code' button and paste the referral code you've copied (or key in the referral code 'PGKPSWAE' manually).
5. Follow the on-screen instructions and authenticate SingPass to furnish your particulars to Trust Bank via MyInfo to get instant approval.

Visit Trust Bank Singapore

Where do I find the FairPrice Voucher and offer coupons after opening Trust Bank account?

Login to your Trust App, and click to expand the 'Reward' section from the home screen.

At the 'Reward' screen, click on the 'Coupons' tab — This is where you can find all the coupons and sign-up rewards available to you.

FairPrice e-vouchers are automatically added to the 'My Coupons' section under the 'Coupons' tab. Click to expand the section and you should see the –

1. S$10 NTUC FairPrice e-voucher if you have keyed in the referral code 'PGKPSWAE' during your sign-up process.
2. S$25 NTUC FairPrice e-voucher if you have performed the first transaction using your Trust Card.

I can enjoy Trust Bank's promotions only after receiving the physical Trust Card by mail?

Your digital Trust Card details (i.e. the card number, expiry date and security code) are available in your Trust App once your application is approved, and you may start using it for online transactions.

You may also enrol your digital Trust Card to your Google Pay or Apple Pay, and use it for onsite transactions (i.e. in-store purchases).

Users of FairPrice App may also enrol the digital Trust Card to the App and start enjoying savings of up to 21% for your grocery purchases at FairPrice and food orders at Kopitiam outlets.

"Over 300,000 customers have signed up with Trust."

Trust Bank announced that over 100,000 customers have downloaded Trust Bank SG app as of 12 September via its Facebook page and on 29 September it announced that the Trust community has grown to over 200,000 customers.

According to Channel News Asia, Trust Bank has attracted more than 300,000 sign-ups for new accounts in the three months since its launch in September in the recent report.

So don't wait, sign up with Trust Bank now with the referral code PGKPSWAE to earn the free NTUC FairPrice vouchers and start enjoying the promotions and offers for this festive season. 🥂🎁

Visit Trust Bank website