Personal Finance
Trust Bank Review – Free $35 NTUC voucher and 1.4% interest p.a. on $50,000 (Referral Code)
By Financial Horse  •  September 24, 2022
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....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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