Trust Bank review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Trust Bank suits people who want everyday banking without a monthly charge and without paying to convert currency when they spend abroad. The debit card carries a monthly fee of SGD 0 and a currency conversion fee of 0%, and the Freedom credit card has an annual fee of SGD 0.
Key facts
- Best for
- Fee free everyday banking and travel spending with no currency conversion charge.
- Monthly fee
- SGD 0 (Source, checked September 26, 2026)
- Currency conversion fee
- 0% (Source, checked September 26, 2026)
- Free ATM withdrawals
- SGD 0 (Source, checked September 26, 2026)
- Card type
- Debit (Source, checked September 26, 2026)
- Card network
- Visa (Source, checked September 26, 2026)
- Legal entity
- Trust (Source, checked September 26, 2026)
- Headquarters
- Singapore (Source, checked September 26, 2026)
- Support channels
- Chat, Phone, Help-centre (Source, checked September 26, 2026)
- Features
- Travel
- Official website
- trustbank.sg
Credit cards
- Annual fee
- SGD 0 (Source, checked September 26, 2026)
- APR
- 18.9% to 29.9% (Source, checked September 26, 2026)
- Currency conversion fee
- 0% (Source, checked September 26, 2026)
- Rewards type
- Cashback (Source, checked September 26, 2026)
- Rewards rate
- 3% stockback, or 1.3 miles per S$1, or up to 1.5% unlimited cashback or up to 15% bonus cashback (Source, checked September 26, 2026)
- Balance transfer intro period
- 1 to 12 months (Source, checked September 26, 2026)
- Balance transfer fee
- 0.98% to 3.91% (Source, checked September 26, 2026)
- Perks
- 0% foreign transaction fee, One payment to settle both Trust credit cards, Choose your repayment date, Switch rewards every quarter with no fees or penalty, Instant approval, Digital app with in-app card lock and fraud alerts (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- Trust (Source, checked September 26, 2026)
- Headquarters
- Singapore (Source, checked September 26, 2026)
- Support channels
- Chat, Phone, Help-centre (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Features
- Travel
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Monthly fee of SGD 0 on the debit account and an annual fee of SGD 0 on the credit card.
- Currency conversion fee of 0%, against a site median of 1%.
- Rewards you can change every quarter with no fees or penalty, and cashback as the reward type.
- Support runs on chat, phone and help centre, with phone and chat included.
Cons
- Balance transfers charge a fee of 0.98% to 3.91% and the offer period runs 1 to 12.
- Credit card borrowing costs interest at 18.9% to 29.9%, against a site median of 20.97%.
- The free ATM withdrawal allowance is SGD 0, ranking 41 of 115 brands on cash withdrawals.
Who it suits
- People who want fee free everyday banking, with a monthly fee of SGD 0.
- Travellers who would rather pay a currency conversion fee of 0% abroad.
- Credit card users who like changing their rewards every quarter with no fees or penalty.
Who should look elsewhere
- Wise, if you would rather hold a multi currency account than a debit card for spending in Singapore.
- Chime Card, if you want a secured Visa credit card, with a monthly fee of $0.
- Varo Believe Secured Credit Card, if a secured card suits your borrowing better than fee free everyday spending with SGD 0.
How Trust Bank compares
9.3 vs 9.4
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 9.2
9.3 vs 8.8
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 9.0
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9.3 vs 8.8
9.3 vs 8.7
9.3 vs 9.2
9.3 vs 9.0
9.3 vs 8.9
9.3 vs 8.8
9.3 vs 9.6
9.3 vs 9.4
9.3 vs 9.4
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.1
9.3 vs 9.1
9.3 vs 9.1
9.3 vs 8.8
9.3 vs 8.8- 9.3 vs 8.8
- 9.3 vs 8.8
9.3 vs 8.8- 9.3 vs 8.8
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.5
9.3 vs 8.3
9.3 vs 8.2
9.3 vs 8.0
9.3 vs 8.0
Where Trust Bank is available
- Available
- Singapore
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold a Trust Bank account?+
The debit account has a monthly fee of SGD 0, so keeping it open carries no recurring charge. The Freedom credit card carries an annual fee of SGD 0. Both products sit on the visa network and the bank is based in Singapore.
Is there a currency conversion fee when I spend abroad?+
Spending abroad costs a currency conversion fee of 0%, and the Freedom credit card also advertises no foreign transaction fee. On the comparisons here that ranks 1 of 259 brands, ahead of a site median of 1%.
Can I withdraw cash free at ATMs?+
The free ATM withdrawal allowance is SGD 0, so plan on paying a charge at cash machines. On the comparisons here that ranks 41 of 115 brands, and the site median for the allowance is €0.
What interest do I pay if I carry a balance?+
The Freedom credit card is a credit card, so borrowing costs interest at 18.9% to 29.9%. The site median for card interest is 20.97%, which puts Trust toward the dearer end. Settling the full balance each month keeps that cost away.
How do I move an existing balance onto the card?+
A balance transfer is offered, with the promotional period running 1 to 12 and a fee of 0.98% to 3.91%. Both figures are shown as ranges, so the offer that lands on your application varies. Read the terms before you commit.
What rewards can I earn and can I change them?+
The rewards type is cashback, and you can switch rewards every quarter with no fees or penalty. The listed rate covers stockback, miles earned per dollar spent, unlimited cashback and bonus cashback, so the option can follow how you actually spend.
How do I protect the card and get help?+
The digital app includes an in-app card lock and fraud alerts, so you can block the card and spot suspicious activity from your phone. The card runs on the visa network, and support runs on chat, phone and help centre when you want to speak to someone.
Who is this account for and where is it based?+
The bank's headquarters are in Singapore, and the account is a debit card on the visa network. With a monthly fee of SGD 0 and a currency conversion fee of 0%, it suits people in Singapore who want everyday banking and travel spending without added charges.
Sources
- trustbank.sg/balance-transfer checked September 26, 2026
Backs: Balance transfer fee, Balance transfer intro period
“Our low fees start from ... 1 mth 0.98% ... 11 mths 3.91%”
- trustbank.sg/credit-card checked September 26, 2026
Backs: Rewards rate
“3% stockback on local and foreign spends* OR 1.3 miles per dollar on local and foreign spends OR Earn up to 1.5% unlimited Cashback OR up to 15% bonus Cashback on what you love”
- trustbank.sg/freedom-credit-card checked September 26, 2026
Backs: Pricing model, Perks, Rewards type
“$0 annual card fee”
- trustbank.sg/great-exchange-rates checked September 26, 2026
Backs: Features
“Goodbye, FX fees. Hello, stress-free travels! Score the best rates from us on your overseas spend with Trust card.”
- trustbank.sg/legal checked September 26, 2026
Backs: Legal entity
“© 2026 Trust | Co. Reg. No. 202039712G”
- trustbank.sg/legal/key-facts-sheet-and-product-terms-savi... checked September 26, 2026
Backs: Free ATM withdrawals, Card type, Currency conversion fee, Monthly fee, Card network, Support channels
“We won't charge an ATM withdrawal fee when you withdraw cash from your account from Trust or Standard Chartered ATMs.”
- trustbank.sg/legal/trust-freedom-credit-card-key-facts-sheet checked September 26, 2026
Backs: Annual fee, APR, Card kind
“Annual fee charges None!”
- trustbank.sg/who-we-are checked September 26, 2026
Backs: Headquarters
“Built in Singapore,for Singapore”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.
Trust Bank
Fee free everyday banking and travel spending with no currency conversion charge.