Trust Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Trust Bank suits travellers in Singapore who want an easy-access savings balance with no monthly charge and no conversion fee. The trade-off is what the balance earns: a variable 2.4%, under the everyday-accounts median of 3.25%, and a currency list of 7.
Key facts
- Best for
- Free multi-currency spending with an easy-access balance and a variable return.
- Monthly fee
- SGD 0↗
- Currency conversion fee
- 0%↗
- Currencies
- 7↗
- Free ATM withdrawals
- SGD 0↗
- Transfer fee
- None, standing instruction (SI) fee None↗
- Legal entity
- Trust Bank Singapore Limited↗
- Headquarters
- Singapore↗
- Support channels
- Chat, Phone, Help-centre↗
- Audience
- Travelers
- Pricing model
- No monthly fee, Low FX fees
- Features
- Free ATM withdrawals
- Official website
- trustbank.sg
Savings
- Headline rate
- 2.4%↗
- Rate type
- Variable↗
- Minimum deposit
- SGD 0↗
- Access terms
- Personal Savings Account by Trust, on-demand access via the Trust App, no minimum balance and no fall-below fee↗
- Account kind
- Easy access↗
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Monthly fee of SGD 0, no fall-below fee, and no charge for transfers or standing instructions.
- Currency conversion fee of 0%, at rank 1 of 312 brands compared.
- A variable 2.4% on an easy-access balance with on-demand access in the Trust App.
Cons
- The variable 2.4% sits under the everyday-accounts median headline rate of 3.25%.
- A currency list of 7 is below the multi-currency median of 5.
- Support runs on chat, phone and help centre only.
Who it suits
- People spending across several currencies, since the account is aimed at travelers and conversion runs at 0%.
- Anyone holding an easy-access balance, with a minimum deposit of SGD 0 and no fall-below fee.
- Savers content with a variable return of 2.4% rather than a fixed rate.
Who should look elsewhere
- Skrill: it charges a monthly fee of €0, so there is no saving on that line.
- eToro: a monthly fee of £0 leaves no cost edge over SGD 0.
- PayPal Colombia: also no monthly fee at $0, so cost is not the reason to move.
Where it sits among rivals
Trust Bank ranks 1 of 500 brands compared on monthly fee, and 1 of 312 on currency conversion fee, so the cost measures are where it stands out. Currency coverage is the opposite: 136 of 379 for the number of currencies.
Who runs it
The savings account is run by Trust Bank Singapore Limited, which lists SG as its home country, and customers hold the account with that provider rather than a distributor. Service is available on chat, phone and help centre, covering a phone line, live chat and a help centre, so help is easy to reach for questions on the account, transfers and access.
How Trust Bank compares
9.3 vs 8.7
9.3 vs 8.6
9.3 vs 8.0
9.3 vs 8.9eToro's monthly fee of £0 matches too, so the choice rests on what the balance earns and how it is accessed.
9.3 vs 9.1
9.3 vs 9.2
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 8.7
9.3 vs 9.0Skrill also charges a monthly fee of €0, so fees do not separate the two; the easy access savings account does.
9.3 vs 8.7
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.3
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 8.9- 9.3 vs 8.9
9.3 vs 8.7
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.4
9.3 vs 8.3
9.3 vs 8.2
9.3 vs 8.1- 9.3 vs 8.1
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 8.0
9.3 vs 9.1
Where Trust Bank is available
- Available
- Singapore
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to keep the account?+
The Personal Savings Account has a monthly fee of SGD 0 and no fall-below fee, so a low balance does not trigger a charge. Transfers carry no fee and neither does a standing instruction, which makes the running cost easy to predict.
Is there a minimum balance or deposit?+
There is a minimum deposit of SGD 0 and the terms set no minimum balance, so the account can run at any level. The account kind is easy access, which suits people who want to withdraw money without giving notice.
What does the balance earn?+
The headline rate is 2.4% and the rate type is variable, so the return follows the market rather than being fixed for a term. The median headline rate in the everyday-accounts group is 3.25%, which is higher.
What does currency conversion cost?+
The currency conversion fee is 0%, and the account sits at rank 1 of 312 brands compared on that measure. It covers 7 currencies, a shorter list than the multi-currency median of 5.
Who runs the account?+
The savings account is provided by Trust Bank Singapore Limited, which lists SG as its home country. Customers deal with that provider directly, and service is available on chat, phone and help centre, covering a phone line, chat and a help centre.
How do I access the money?+
Access is on demand through the Trust App, which is how the account is meant to be used each day. The account kind is easy access, so there is no notice period to serve, and transfers carry no charge.
How does the monthly fee compare with the alternatives?+
The fee here is SGD 0, the same as the €0 at Skrill, the £0 at eToro and the $0 at PayPal Colombia. Cost is not what separates them; the differences sit in what the balance earns, how many currencies are covered and how the account is accessed.
Sources
- trustbank.sg/contact-us checked September 26, 2026
Backs: Support channels
“Get 24/7 help via in-app chat or call”
- trustbank.sg/great-exchange-rates checked September 26, 2026
Backs: Audience, Currencies, Pricing model
“Travel with Trust. Goodbye, FX fees. Score the best rates from us on your overseas spend with Trust card.”
- trustbank.sg/legal/general-terms-and-conditions checked September 26, 2026
Backs: Legal entity
“Our terms are between you and us (Trust Bank Singapore Limited)”
- trustbank.sg/legal/key-facts-sheet-and-product-terms-savi... checked September 26, 2026
Backs: Access terms, Account kind, Free ATM withdrawals, Features, Currency conversion fee, Minimum deposit, Monthly fee, Transfer fee
“Fall-below fee None! ... You can start using your account as soon as it has been opened for you with an account number assigned.”
- trustbank.sg/savings-account checked September 26, 2026
Backs: Headline rate, Rate type
“Earn up to 2.40% p.a. interest on deposits up to S$1.2M. Our savings account now offers 3 plans.”
- trustbank.sg/who-we-are checked September 26, 2026
Backs: Headquarters
“Built in Singapore, for Singapore”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection.
Related by the facts
Trust Bank
Free multi-currency spending with an easy-access balance and a variable return.