Singapore’s new digital bank Trust officially launched with a range of products including a credit card, savings account and family personal accident insurance
Trust is the latest Singaporean challenger backed by Standard Chartered Bank, FairPrice Group and NTUC Enterprise. Customers with Singpass accounts can sign up for a Trust account in a few minutes, obtaining their digital card immediately.
Customers can generate significant savings, with an interest rate of up to 1.4% on their deposits. Besides, NTUC union members will have access to the highest tier of savings and benefits from Trust.
The digital bank’s app also offers enhanced accessibility, with customers able to switch between English and Mandarin language based on their preference.
Another benefit of the Trust’s launch offering is a family personal accident insurance that has been exclusively developed by Income, at a premium of S$0.50 per month. The feature will be available without premium fees for the first two months upon sign-up of the Trust credit card. The credit card is numberless and offers dual functionality as a credit and debit card. In addition, there is no limit to the number of dependents covered.
Trust’s offerings are also combined with Link Rewards, the loyalty programme integrated with the FairPrice Group ecosystem. Furthermore, the challenger bank features an in-app spend tracker for real-time tracking of Linkpoints earned. Users will be able to contact Trust 24/7 through the in-app customer service voice and messaging.