Trust Bank review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Trust Bank is a Singapore debit card account for readers who want a card to hold and a foreign currency spend without paying for either. It suits everyday spending and travel, with a monthly fee of SGD 0 and a currency conversion fee of 0%, and support on chat, phone and help centre.
Key facts
- Best for
- A free Singapore debit card for everyday spending and travel.
- Monthly fee
- SGD 0↗
- Currency conversion fee
- 0%↗
- Free ATM withdrawals
- SGD 0↗
- Card type
- Debit↗
- Card network
- Visa↗
- Legal entity
- Trust↗
- Headquarters
- Singapore↗
- Support channels
- Chat, Phone, Help-centre↗
- Features
- Travel
- Official website
- trustbank.sg
Facts checked September 26, 2026, 3 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Monthly fee of SGD 0 on the savings account, so holding the card costs nothing.
- Currency conversion fee of 0%, so foreign spending avoids the charge most rivals add.
- A debit card on the visa network, from a bank headquartered in Singapore.
- Support runs on chat, phone and help centre, giving a phone line and live chat alongside the help centre.
Cons
- The free ATM withdrawal allowance is SGD 0, so cash machine use is a charge rather than an included amount.
- That measure places Trust Bank 38 of 104, behind the accounts that bundle a free allowance.
Who it suits
- Readers in Singapore who want a free debit card for daily spending, given the SGD 0 monthly fee.
- People who travel and convert currency, since the conversion fee is 0%.
- Anyone who prefers a phone call to a written queue: support runs on chat, phone and help centre.
Who should look elsewhere
- Readers who need a free ATM allowance: Monzo Flex is the one to compare, since the Trust Bank free withdrawal allowance is SGD 0.
- Anyone wanting an account that reaches beyond a single market, since Trust Bank is headquartered in Singapore.
- Readers who pick on the monthly fee alone, since Monzo Flex at £0, Wise at £0 and Bitpanda at €0 sit at the same level.
Where it sits among rivals
Trust Bank ranks ahead on both charging comparisons here. Its monthly fee places 1 of 379, and its currency conversion fee places 1 of 237, which puts the account at the front of both tables. Free ATM withdrawals read differently, placing 38 of 104, so cash machine use is the piece to plan around rather than a perk of the package.
Trading and withdrawal fees
On the standard savings account terms the monthly fee is SGD 0 and the currency conversion fee is 0%. Both figures belong to the main account rather than a paid tier, so a card holder pays nothing to hold the card and nothing to convert a foreign currency spend. Readers whose card use is mostly domestic will see the same figures every month.
How Trust Bank compares
9.3 vs 9.4
9.3 vs 9.0
9.3 vs 8.2
9.3 vs 9.5
9.3 vs 9.6
9.3 vs 9.0
9.3 vs 9.1Bitpanda's monthly fee is €0, which places it in the same free monthly fee group as Trust Bank.
9.3 vs 8.9
9.3 vs 8.1
9.3 vs 8.2
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 8.9- 9.3 vs 8.8
9.3 vs 8.8
9.3 vs 8.6
9.3 vs 8.5
9.3 vs 8.3
Where Trust Bank is available
- Available
- Singapore
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Does Trust Bank charge a monthly fee?+
No. The monthly fee on the savings account is SGD 0, so keeping the account open costs nothing. Monzo Flex at £0 and Wise at £0 sit at the same level, which makes the monthly line a tie rather than a differentiator.
How much does Trust Bank charge to convert currency?+
The currency conversion fee is 0%, so a foreign purchase goes through at the exchange rate without an added conversion charge. Travel is the stated focus for this account, which is where that fee matters most.
Are ATM withdrawals free with the Trust Bank card?+
The free ATM withdrawal allowance is SGD 0, so cash machine withdrawals are charged rather than included. That is the weaker side of the package, placing Trust Bank 38 of 104 on this measure while the monthly fee and conversion fee rank far higher.
What kind of card does Trust Bank offer?+
It is a debit card on the visa network, issued by the legal entity Trust. A debit card draws straight on the account balance, which keeps spending and savings in the same place and needs no separate card balance to top up.
How do you get help from Trust Bank?+
Support runs on chat, phone and help centre, so a phone call and live chat are both available alongside the help centre. For a blocked payment or a disputed spend, the phone line is the quickest of the three.
Which country is the Trust Bank account for?+
Trust Bank is headquartered in Singapore, so the account is built for customers in the Singapore market rather than a global money app. The card travels on the visa network, but the account it draws on is a Singapore one.
How does Trust Bank compare with Monzo Flex and Wise on cost?+
On the monthly fee it is a tie: Trust Bank at SGD 0, Monzo Flex at £0 and Wise at £0. The difference sits in the conversion fee of 0% and in the free ATM allowance of SGD 0.
Sources
- 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/who-we-are checked September 26, 2026
Backs: Headquarters
“Built in Singapore,for Singapore”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.