A couple of you have asked whether the new Trust Bank account is worth signing up for.
I signed up for this digital bank (partnership between Standard Chartered and NTUC FairPrice Group) a couple weeks back.
I’ve had some time to play around with the bank account, debit/credit card, and check out the freebies since.
So I wanted to share my review.
What is Trust Bank?
Trust Bank is a new digital only bank – a collaboration between Standard Chartered Bank and FairPrice Group.
It’s funny because you keep hearing about Grab-Singtel and Shopee winning the digital banking licence.
But then it’s Standard Chartered and FairPrice that comes up with a digital banking solution, and takes Singapore by storm.
Big kudos to them for doing so.
Fully SDIC Backed (up to $75,000)
Because Trust Bank is backed by Standard Chartered Bank, they do not need a separate digital banking licence....