Company Information

Get to know Trust Bank

Launched in September 2022, Trust Bank is Singapore's newest digital bank. It is a strategic partnership between Standard Chartered, a leading international bank, and FairPrice Group, a prominent Singaporean retailer. The bank's mission is to provide transparent, secure, and easy-to-use digital banking services for the everyday needs of Singaporeans. It offers a range of products including a credit card, a savings account, and family personal accident insurance, deeply integrated with the FairPrice Group ecosystem to provide customers with significant savings and rewards.

Industry

Financial BankingPRIMARY
Financial Other Service
Financial Payment

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Trust Bank

Singapore

Founded in

N/A

Founded

Last online: No recent activity

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OVERALL SCORE

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.