Trust and GXS are Singapore’s first fully digital banks. Here's a detailed comparison to help you decide which one fits your personal financial goals.

Trust Bank Highlights

  • Backed by Standard Chartered
  • Up to 2.5% p.a. savings interest
  • Integrated with FairPrice loyalty program
  • Physical card available

GXS Bank Highlights

  • Backed by Grab & Singtel
  • "Saving pockets" for goal-based savings
  • 3.48% interest (promotional)
  • Entirely app-based

Key Differences


FeatureTrust BankGXS Bank
Daily Spend CashbackYes (FairPrice)No
Business AccountsNot availableComing soon
User InterfaceSimpleGoal-oriented

FAQ:
Q1: Can I use both digital banks?

A: Yes. Many users keep accounts at both to maximize benefits.

Q2: Do they offer investment products?

A: Not yet. These banks currently focus on savings and payments.

User Comments:

“I use Trust for daily expenses and GXS for saving goals.” — Jasmine K.

“Both are user-friendly, but I prefer GXS’s saving pockets feature.” — Kelvin N.

Editor’s Note:

Digital banking is no longer a niche—it’s a lifestyle. Choose based on your habits, not just promotions.

Tags: trust-vs-gxs, digital-bank-comparison, neobank-review, fintech-users


Related FAQs

Sophia Tan

About the Author

Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.