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
| Feature | Trust Bank | GXS Bank |
|---|---|---|
| Daily Spend Cashback | Yes (FairPrice) | No |
| Business Accounts | Not available | Coming soon |
| User Interface | Simple | Goal-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