{"id":66493,"date":"2025-09-05T15:34:16","date_gmt":"2025-09-05T07:34:16","guid":{"rendered":"https:\/\/www.you.co\/sg\/?p=66493"},"modified":"2025-10-06T16:50:08","modified_gmt":"2025-10-06T08:50:08","slug":"gxs-bank-vs-trust-bank-comparison","status":"publish","type":"post","link":"https:\/\/www.you.co\/sg\/blog\/gxs-bank-vs-trust-bank-comparison\/","title":{"rendered":"GXS Bank Vs Trust Bank Singapore: Which Digital Bank is Better in 2025"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><strong>Curious about which digital bank takes the crown in Singapore? <\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Let&#8217;s break it down as we compare GXS Bank Singapore and Trust Bank Singapore. From interest rates and safety to debit cards and features, here\u2019s everything you need to know before choosing your next bank. <\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>\ud83d\udc9c&nbsp;Stay Up To Date:<\/strong><\/p>\n\n\n\n<p>\u2013 <a href=\"https:\/\/www.you.co\/sg\/blog\/autumn-in-japan\/\">Autumn in Japan 2025: Fall Foliage Forecast &amp; Best Viewing Spots<\/a><br>\u2013&nbsp;<a href=\"https:\/\/www.you.co\/sg\/blog\/best-citi-miles-credit-cards-in-sg\/\">Best Citi Miles Credit Cards in Singapore: PremierMiles, Prestige, Rewards (2025)<\/a><br>\u2013&nbsp;<a href=\"https:\/\/www.you.co\/sg\/blog\/macau-atm-withdrawal-guide\/\">Macau ATM Withdrawal Guide: Fees, Locations, Exchange Rates<\/a><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcda <strong>Table of Contents:<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u26a1\ufe0f <a href=\"#gxs-trust-bank-tldr\">TL;DR<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#what-is-a-digital-bank\">What is a Digital Bank? <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#full-bank-vs-digital-full-bank-vs-digital-wholesale-bank\">Full Bank vs Digital Full Bank vs Digital Wholesale Bank: What\u2019s the Difference?<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#gxs-bank-vs-trust-bank-singapore\">GXS Bank Vs Trust Bank Singapore: Comparing Features<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#gxs-bank-singapore-overview\">GXS Bank Singapore: Overview <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#trust-bank-singapore-overview\">Trust Bank Singapore: Overview<\/a><\/strong><\/li>\n\n\n\n<li><strong><strong><a href=\"#exchange-rate-comparison\">GXS Vs Trust Bank Singapore VS YouTrip: Which has better exchange rates overseas?<\/a><\/strong><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#gxs-trust-bank-verdict\">Which is Better: GXS or Trust Bank? <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#youtrip-benefits\">YouTrip Benefits<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"#gxs-trust-bank-faqs\">FAQs: GXS Bank Singapore vs Trust Bank<\/a><\/strong><\/li>\n<\/ol>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"gxs-trust-bank-tldr\"><strong>\u26a1\ufe0f TL;DR<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>GXS Bank Singapore: <\/strong>\n<ul class=\"wp-block-list\">\n<li>Great for \u2013&nbsp;Gig workers, younger savers, digital-only users<\/li>\n\n\n\n<li>Weak points \u2013&nbsp;No ATM access, capped deposits, and no fixed deposit products<\/li>\n\n\n\n<li>Verdict \u2013 GXS Bank is strong for flexible, smaller savers who don\u2019t need branch or ATM access.<br><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Trust Bank Singapore: <\/strong>\n<ul class=\"wp-block-list\">\n<li>Great for \u2013&nbsp;Families, high deposit savers, NTUC shoppers<\/li>\n\n\n\n<li>Weak points \u2013&nbsp;Lower base rate, stricter card eligibility<\/li>\n\n\n\n<li>Verdict \u2013&nbsp;Trust Bank is the better choice if you have&nbsp;larger deposits&nbsp;or want&nbsp;NTUC-linked rewards.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-a-digital-bank\"><strong>What is a Digital Bank?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>A&nbsp;<strong>digital bank<\/strong>&nbsp;operates entirely online through mobile apps or web platforms \u2014 no physical branches, no queues. Compared to traditional banks, they usually:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Have&nbsp;<strong>no minimum deposit requirements<\/strong><\/li>\n\n\n\n<li>Charge&nbsp;<strong>lower fees<\/strong>&nbsp;(no fall-below penalties)<\/li>\n\n\n\n<li>Offer&nbsp;<strong>daily-accrued interest rates<\/strong><\/li>\n\n\n\n<li>Lack cheque\/GIRO services, but make up with&nbsp;<strong>24\/7 app-based support<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Here\u2019s an overview of the key differences between traditional and digital banks:&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><thead><tr><th><strong>Traditional Bank<\/strong><\/th><th><strong>Digital Bank<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Physical branches<\/td><td>Online only (mobile apps or web platforms)<\/td><\/tr><tr><td>Requires a minimum deposit amount and a bank balance<\/td><td>GIRO and cheque encashment are unavailable<\/td><\/tr><tr><td>Interest accrued monthly<\/td><td>Interest accrued daily<\/td><\/tr><tr><td>24\/7 customer service or limited to working hours<\/td><td>24\/7 helpline and support services<\/td><\/tr><tr><td>GIRO and cheque encashment available<\/td><td>GIRO and cheque encashment unavailable<\/td><\/tr><tr><td>Higher fees<\/td><td>Little to no fees<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>\ud83d\udc49 In Singapore,&nbsp;<strong>digital banks are licensed as either Digital Full Banks (retail deposits allowed) or Digital Wholesale Banks (focused on SMEs).<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p><em>GXS Bank Vs Trust Bank Singapore: Discover the <a href=\"https:\/\/www.you.co\/sg\/blog\/best-savings-accounts-singapore\/\"><strong>Best Savings Account Singapore 2025: Top Interest Rates &amp; Bank Picks<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"full-bank-vs-digital-full-bank-vs-digital-wholesale-bank\"><strong>Full Bank vs Digital Full Bank vs Digital Wholesale Bank: What\u2019s the Difference?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>If you\u2019re new to digital banking, it helps to know that&nbsp;<strong>digital banks in Singapore fall into two categories<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Digital Full Bank (DFB)<\/strong>&nbsp;\u2013 Accepts deposits from&nbsp;<strong>retail customers<\/strong>&nbsp;like you and me. Example:&nbsp;<strong>GXS Bank Singapore<\/strong>, backed by Grab and Singtel.<\/li>\n\n\n\n<li><strong>Digital Wholesale Bank (DWB)<\/strong>&nbsp;\u2013 Primarily serves&nbsp;<strong>SMEs and non-retail sectors<\/strong>, not everyday consumers.<\/li>\n<\/ul>\n\n\n\n<p>Meanwhile, a&nbsp;<strong>Full Bank license<\/strong>&nbsp;(like&nbsp;<strong>Trust Bank Singapore<\/strong>) allows a digital bank to operate just like a traditional bank \u2014 from deposits and savings to loans and cards \u2014 but entirely online, with no physical branches.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>\ud83d\udc49 In short:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trust Bank<\/strong>&nbsp;= Full Bank (broader services, ATM access, family-friendly perks).<\/li>\n\n\n\n<li><strong>GXS Bank<\/strong>&nbsp;= Digital Full Bank (for retail customers, higher interest, app-first).<\/li>\n<\/ul>\n\n\n\n<p><em>GXS Bank Vs Trust Bank Singapore: Discover next &#8211; <a href=\"https:\/\/www.you.co\/sg\/blog\/revolut-singapore\/\"><strong>Revolut Singapore (2025): The Ultimate Guide To The Revolut Card, Account &amp; Fees<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"gxs-bank-vs-trust-bank-singapore\"><strong>GXS Bank Vs Trust Bank Singapore: Comparing Features<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Now that we know the difference between traditional banking and digital banking, let\u2019s dive right into the features of GXS Bank and Trust Bank Singapore.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>Feature<\/strong><\/th><th><strong><strong>GXS Bank<\/strong><\/strong><\/th><th><strong>Trust Bank<\/strong> Singapore<\/th><\/tr><\/thead><tbody><tr><td><strong>Bank License&nbsp;<\/strong><\/td><td>Digital Full Bank<\/td><td>Full Bank<\/td><\/tr><tr><td><strong>Backed by<\/strong><\/td><td>Grab &amp; Singtel<\/td><td>Standard Chartered &amp; FairPrice<\/td><\/tr><tr><td><strong>Base Interest Rate (Daily)<\/strong><\/td><td>2.38% p.a. for deposits up to S$75k<\/td><td>1.25% p.a. for deposits up to S$500k<br><br>0.05% p.a. for deposits above S$500k<\/td><\/tr><tr><td> <strong>Bonus Interest<\/strong><br><strong>(Daily)<\/strong><\/td><td><strong>GXS Saving Pockets (up to 8):<\/strong> Up to 2.68% p.a.<\/td><td>Up to 3.5%&nbsp;<br><br><strong>Spend bonus Rate:<\/strong><br>\u2705 Make 5 x S$30 qualifying Trust Card transactions monthly&nbsp;<br>\u2705 NTUC Union Member: +1% p.a.<br>\u2705 Non-NTUC Union: +0.5% p.a.<br><br><strong>Min. S$100k Balance Bonus Rate:<\/strong><br>\u2705 Maintain a min. S$100k Average Daily Balance (ADB) for the month on your deposit balance up to S$500k<br>\u2705 +0.5% p.a.<br><br><strong>Salary Bonus Rate:<\/strong><br>&nbsp;\u2705 Credit a min. monthly salary of S$1,500 to the Trust account via a single&nbsp; GIRO within the month<br>\u2705 +0.75% p.a.<\/td><\/tr><tr><td><strong>Maximum Deposit Earning Interest<\/strong><\/td><td>S$75k<\/td><td>S$125k<\/td><\/tr><tr><td><strong>Min. Account Balance<\/strong><\/td><td>&#8211;<\/td><td>&#8211;<\/td><\/tr><tr><td><strong>ATM Withdrawals<\/strong><\/td><td>\u274c Not available<\/td><td>\u2705 Able to withdraw cash but only from Trust or Standard Chartered Bank ATMs with a Visa-enabled card<\/td><\/tr><tr><td><strong>Loan Products<\/strong><\/td><td>FlexiLoan from 2.99% p.a.<\/td><td>Instant Loan from 3.40% p.a.<\/td><\/tr><tr><td><strong>Eligibility<\/strong><\/td><td><strong>\u2705&nbsp; <\/strong>At least 16 years old&nbsp;<br><strong>\u2705&nbsp; <\/strong>Has a residential address in Singapore&nbsp;<br><strong>\u2705&nbsp; <\/strong>Has a Singpass Myinfo account&nbsp;<br><strong>\u2705&nbsp; <\/strong>Has a valid visa<\/td><td><strong>Trust Debit Card:&nbsp;<\/strong><br><strong>\u2705 <\/strong>18 years old and above&nbsp;<br><strong>\u2705 <\/strong>Singaporeans, Permanent Residents, Foreigners<br><br><strong>Trust Credit Card:&nbsp;<\/strong><br><strong>\u2705 <\/strong>Between 21 and 55 years old<br><strong>\u2705 <\/strong>Singaporeans Citizens or Permanent Residents: Min. income of S$30,000<br><strong>\u2705 <\/strong>Foreigners with a valid work pass: Min. income of S$60,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em><em><em>GXS Bank Vs Trust Bank Singapore:<\/em><\/em> Here&#8217;s everything you need to know about the <a href=\"https:\/\/www.you.co\/sg\/blog\/dbs-mca-guide\/\"><strong>DBS Multi-Currency Account (MCA) Guide 2025: Features, Exchange Rates, Fees<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"gxs-bank-singapore-overview\"><strong>GXS Bank Singapore: Overview<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"900\" height=\"471\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/18-2.png\" alt=\"GXS Bank Vs Trust Bank Singapore\" class=\"wp-image-66498\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/18-2.png 900w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/18-2-300x157.png 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/18-2-768x402.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\"><em>Image Credits: Fintech News Malaysia<\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Backed by<\/strong>: Grab and Singtel<\/li>\n\n\n\n<li><strong>Bank license<\/strong>: Digital Full Bank<\/li>\n\n\n\n<li><strong>Interest rate<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Base rate:&nbsp;<strong>2.38% p.a.<\/strong>&nbsp;on deposits up to&nbsp;<strong>S$75,000<\/strong><\/li>\n\n\n\n<li>Savings Pockets: Up to&nbsp;<strong>2.68% p.a.<\/strong>&nbsp;(8 customizable pockets)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Maximum deposit earning interest<\/strong>: S$75,000<\/li>\n\n\n\n<li><strong>ATM withdrawals<\/strong>: \u274c Not supported<\/li>\n\n\n\n<li><strong>Debit card<\/strong>:&nbsp;<strong>GXS Debit Card<\/strong>&nbsp;(virtual, linked to Mastercard)<\/li>\n\n\n\n<li><strong>Fixed deposit rate<\/strong>: \u274c No fixed deposits offered<\/li>\n\n\n\n<li><strong>Safety<\/strong>: Regulated by&nbsp;MAS, deposits insured under&nbsp;SDIC<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">\u2705 <strong>Benefits of GXS Bank<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>High base interest rate (2.38% p.a.)<\/li>\n\n\n\n<li>Flexible&nbsp;<strong>Savings Pockets<\/strong>&nbsp;for budgeting<\/li>\n\n\n\n<li>No minimum deposit required<\/li>\n\n\n\n<li>Daily interest accrual<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">\u274c <strong>Downsides<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Deposit cap of S$75,000<\/li>\n\n\n\n<li>No ATM withdrawals<\/li>\n\n\n\n<li>Fixed deposits not available<\/li>\n\n\n\n<li>Account openings often on&nbsp;<strong>waitlist<\/strong><\/li>\n<\/ul>\n\n\n\n<p><em><em><em><em>GXS Bank Vs Trust Bank Singapore:<\/em><\/em><\/em> Also read <em><a href=\"https:\/\/www.you.co\/sg\/blog\/western-union-guide\/\"><strong>Western Union Guide: All You Need To Know About Sending Money Overseas<\/strong><\/a><\/em><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"trust-bank-singapore-overview\"><strong>Trust Bank Singapore: Overview<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"900\" height=\"471\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/17-3.png\" alt=\"GXS Bank Vs Trust Bank Singapore\" class=\"wp-image-66497\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/17-3.png 900w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/17-3-300x157.png 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/17-3-768x402.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\"><em>Image Credits: <em><em>Sethisfy<\/em><\/em><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Backed by<\/strong>: Standard Chartered &amp; FairPrice Group<\/li>\n\n\n\n<li><strong>Bank license<\/strong>: Full Bank<\/li>\n\n\n\n<li><strong>Interest rate<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Base rate:&nbsp;<strong>1.25% p.a.<\/strong>&nbsp;(up to S$500,000)<\/li>\n\n\n\n<li>Bonus interest: Up to&nbsp;<strong>3.5% p.a.<\/strong>&nbsp;with salary crediting, card spend, or NTUC membership<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Maximum deposit earning interest<\/strong>: S$125,000<\/li>\n\n\n\n<li><strong>ATM withdrawals<\/strong>: \u2705 Supported (Trust\/Standard Chartered ATMs with Visa-enabled)<\/li>\n\n\n\n<li><strong>Cards<\/strong>: Trust Debit Card + Trust Credit Card<\/li>\n\n\n\n<li><strong>Safety<\/strong>: Regulated by&nbsp;<strong>MAS<\/strong>, deposits insured under&nbsp;<strong>SDIC<\/strong><\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">\u2705 <strong>Benefits of Trust Bank:&nbsp;<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Higher&nbsp;<strong>bonus interest (up to 3.5% p.a.)<\/strong><\/li>\n\n\n\n<li>Higher maximum deposit (S$125,000)<\/li>\n\n\n\n<li>ATM withdrawals supported<\/li>\n\n\n\n<li>NTUC-linked perks for groceries<\/li>\n<\/ul>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\u274c Downsides:&nbsp;<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Lower base interest rate (1.25% p.a.)<\/li>\n\n\n\n<li>Strict credit card income requirements<\/li>\n\n\n\n<li>Bonus interest tied to conditions<\/li>\n<\/ul>\n\n\n\n<p><em><em><em><em><em>GXS Bank Vs Trust Bank Singapore:<\/em><\/em><\/em><\/em> Also read <a href=\"https:\/\/www.you.co\/sg\/blog\/trust-bank-singapore-guide\/\"><strong>Trust Bank Singapore Guide: Credit Card &amp; Cashback Card Review (2025)<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"exchange-rate-comparison\"><strong>GXS Vs Trust Bank Singapore VS YouTrip: Which has better exchange rates overseas?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>When it comes to overseas savings, exchange rates can be an important consideration. That\u2019s why we\u2019ll be adding the multi-currency card, YouTrip, to the mix if you\u2019re looking for a multi-currency card with competitive exchange rates and zero fees. <\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-left\" data-align=\"left\"><strong>Currency<\/strong> <\/th><th><strong>YouTrip<\/strong><\/th><th><strong>Trust Bank<\/strong> <strong>Singapore<\/strong><\/th><th><strong>GXS Bank<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>JPY<\/strong><br><\/td><td>1 SGD = 115.22 JPY <\/td><td>1 SGD = 114.51 JPY<\/td><td>1 SGD = 114.56 JPY<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>EUR<\/strong><\/td><td>1 SGD = 0.6658 EUR<\/td><td>1 SGD = 0.6627 EUR<\/td><td>1 SGD = 0.6644 EUR<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>USD<\/strong><\/td><td>1 SGD = 0.7750 USD<\/td><td>1 SGD = 0.7747 USD<\/td><td>1 SGD = 0.7727 USD<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>MYR<\/strong><\/td><td>1 SGD = 3.273 MYR<\/td><td>1 SGD = &nbsp;3.271 MYR<\/td><td>1 SGD = 3.256 MYR<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>AUD<\/strong><\/td><td>1 SGD = 1.190 AUD<\/td><td>1 SGD = 1.184 AUD<\/td><td>1 SGD = 1.185 AUD<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em>*Rates taken as of 4 Sept 2025 at the time of writing<\/em><\/p>\n\n\n\n<p><em><em><em>GXS Bank Vs Trust Bank Singapore:<\/em><\/em> Read up about the <a href=\"https:\/\/www.you.co\/sg\/blog\/best-miles-credit-cards-in-singapore\/\"><strong>Best Miles Credit Card in Singapore (2025): The Ultimate Guide<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"gxs-trust-bank-verdict\"><strong>Which is Better: GXS or Trust Bank?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>It depends on your goals:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Choose GXS Bank<\/strong>&nbsp;if you want&nbsp;higher base interest, flexible savings tools, and a purely digital experience.<br><\/li>\n\n\n\n<li><strong>Choose Trust Bank<\/strong>&nbsp;if you want&nbsp;higher bonus interest, ATM access, and perks with NTUC groceries.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\ud83d\udc49 For&nbsp;travel and overseas spending, neither beats a&nbsp;<strong>multi-currency wallet like YouTrip<\/strong>&nbsp;with&nbsp;zero FX fees and wholesale exchange rates.<\/p>\n<\/blockquote>\n\n\n\n<p><em><em>GXS Bank Vs Trust Bank Singapore:<\/em> Check out this <a href=\"https:\/\/www.you.co\/sg\/blog\/wise-card-singapore-guide\/\"><strong>Wise Card Singapore Guide (2025): Fees, Limits, Exchange Rates<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"youtrip-benefits\"><strong>YouTrip Benefits:<\/strong><\/h2>\n\n\n\n<p>If you frequently travel, shop online on global sites, or send money abroad, YouTrip can offer more savings compared to GXS or Trust Bank, such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Zero FX fees<\/strong>&nbsp;\u2014 Pay in 150+ currencies with no hidden charges<\/li>\n\n\n\n<li><strong>Wholesale exchange rates<\/strong>&nbsp;\u2014 Lock in competitive rates anytime<\/li>\n\n\n\n<li><strong>Free overseas ATM withdrawals<\/strong>&nbsp;\u2014 Up to S$400 monthly<\/li>\n\n\n\n<li><strong>Instant transfers<\/strong>&nbsp;\u2014 Send funds between YouTrip users fee-free<\/li>\n\n\n\n<li>No account maintenance fees or minimum balance required<\/li>\n<\/ul>\n\n\n\n<p><em>GXS Bank Vs Trust Bank Singapore: Find out what&#8217;s the <a href=\"https:\/\/www.you.co\/sg\/blog\/best-citi-miles-credit-cards-in-sg\/\"><strong>Best Citi Miles Credit Cards in Singapore: PremierMiles, Prestige, Rewards (2025)<\/strong><\/a><\/em><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"gxs-trust-bank-faqs\"><strong>FAQs: GXS Bank Singapore vs Trust Bank<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>1. Which bank is GXS under?<\/strong><br>GXS Bank is a joint venture between&nbsp;<strong>Grab Holdings<\/strong>&nbsp;and&nbsp;<strong>Singtel<\/strong>, regulated by MAS.<\/p>\n\n\n\n<p><strong>2. What kind of bank is GXS?<\/strong><br>GXS is a&nbsp;<strong>Digital Full Bank<\/strong>, meaning it can accept deposits from retail customers.<\/p>\n\n\n\n<p><strong>3. What is GXS Bank Singapore\u2019s interest rate?<\/strong><br>GXS offers a&nbsp;<strong>base rate of 2.38% p.a.<\/strong>&nbsp;(up to S$75,000) and up to&nbsp;<strong>2.68% p.a.<\/strong>&nbsp;with Savings Pockets.<\/p>\n\n\n\n<p><strong>4. Does GXS Bank have a fixed deposit rate?<\/strong><br>No. GXS Bank does not offer fixed deposit products.<\/p>\n\n\n\n<p><strong>5. What is Trust Bank\u2019s interest rate?<\/strong><br>Trust offers a&nbsp;<strong>base rate of 1.25% p.a.<\/strong>&nbsp;(up to S$500,000) and&nbsp;<strong>bonus interest up to 3.5% p.a.<\/strong><\/p>\n\n\n\n<p><strong>6. Is Trust or GXS better?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GXS: Higher base rate, flexible savings, but limited features.<\/li>\n\n\n\n<li>Trust: Higher bonus rates, ATM withdrawals, family-friendly perks.<\/li>\n<\/ul>\n\n\n\n<p><strong>7. Does GXS Bank have a debit card?<\/strong><br>Yes, GXS offers a&nbsp;<strong>GXS Debit Card<\/strong>&nbsp;(virtual, Mastercard-enabled).<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>YouTrip: For the best exchange rates with zero fees <\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"900\" height=\"471\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/Rectangle-2-2.png\" alt=\"GXS Bank Vs Trust Bank Singapore - YouTrip\" class=\"wp-image-66502\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/Rectangle-2-2.png 900w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/Rectangle-2-2-300x157.png 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2024\/07\/Rectangle-2-2-768x402.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/figure>\n<\/div>\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Not a YouTrooper yet? Singapore\u2019s favourite multi-currency wallet helps you save with great FX rates and zero fees, with no minimum balances or account fees. Skip the money changer and get a&nbsp;<strong>free YouTrip card + S$5 YouTrip credits<\/strong>&nbsp;with code&nbsp;<strong>&lt;YTBLOG5&gt;<\/strong>.<\/p>\n\n\n\n<p>Then, head over to our<a href=\"https:\/\/www.you.co\/sg\/youtrip-perks\/\">&nbsp;YouTrip Perks<\/a>&nbsp;page for exclusive offers and promotions \u2014 we promise you won\u2019t regret it. Join our Telegram (<a href=\"https:\/\/t.me\/s\/youtripsg\">@YouTripSG<\/a>) and Community Group (@YouTripSquad) for travel tips, event invites, and more!<\/p>\n\n\n\n<p>Happy travels!<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-white-color has-text-color has-background wp-element-button\" href=\"https:\/\/youtrip.onelink.me\/P5AL\/ohkz600g?utm_source=youtrip_blog&amp;utm_medium=article&amp;utm_campaign=youtrip_app_download&amp;utm_term=&amp;utm_content=\" style=\"background-color:#6d37ac\"><strong>sign up now!<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Related Articles<\/strong><br><br><strong><a href=\"https:\/\/www.you.co\/sg\/blog\/hsbc-everyday-global-multi-currency-account-guide\/\">HSBC Everyday Global Account (HSBC EGA) Singapore Guide 2025<\/a><br><a href=\"https:\/\/www.you.co\/sg\/blog\/cashchanger-co-vs-youtrip\/\">CashChanger.co Vs YouTrip: Where To Get The Best Exchange Rate In Singapore?<\/a><br><a href=\"https:\/\/www.you.co\/sg\/blog\/best-place-to-exchange-money-in-singapore\/\">Money Changer Near Me: 14 Best Money Changers In Singapore (2025)<\/a><br><a href=\"https:\/\/www.you.co\/sg\/blog\/trust-card-vs-youtrip\/\">Trust Card Vs YouTrip: Which Is The Better Card For Overseas Spending?<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.you.co\/sg?utm_source=youtrip_blog&amp;utm_medium=banner&amp;utm_campaign=blog_footer&amp;utm_term=&amp;utm_content=\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"728\" height=\"160\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/08\/Blog-Bottom-Banner-1.png\" alt=\"\" class=\"wp-image-59000\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/08\/Blog-Bottom-Banner-1.png 728w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/08\/Blog-Bottom-Banner-1-300x66.png 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2023\/08\/Blog-Bottom-Banner-1-600x132.png 600w\" sizes=\"(max-width: 728px) 100vw, 728px\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.you.co\/biz\/?utm_source=youtrip&amp;utm_medium=banner&amp;utm_campaign=blog-footer&amp;utm_content=youbiz&amp;acq=BM&amp;sub_acq=BlogFooter&amp;ad_type=Article_Awa\"><img loading=\"lazy\" decoding=\"async\" width=\"728\" height=\"90\" src=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2022\/11\/YB-Footer-1-23.png\" alt=\"\" class=\"wp-image-44716\" srcset=\"https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2022\/11\/YB-Footer-1-23.png 728w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2022\/11\/YB-Footer-1-23-300x37.png 300w, https:\/\/www.you.co\/sg\/wp-content\/uploads\/sites\/2\/2022\/11\/YB-Footer-1-23-600x74.png 600w\" sizes=\"(max-width: 728px) 100vw, 728px\" \/><\/a><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Find out which digital bank is best for you.<\/p>\n","protected":false},"author":75,"featured_media":78323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[621,623],"tags":[40137,39145,40134,40136,39129,40135],"class_list":["post-66493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-foreign-exchange","category-lifestyle","tag-digital-bank","tag-finance","tag-gxs-bank","tag-gxs-bank-vs-trust-bank","tag-travel","tag-trust-bank"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts\/66493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/users\/75"}],"replies":[{"embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/comments?post=66493"}],"version-history":[{"count":0,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/posts\/66493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/media\/78323"}],"wp:attachment":[{"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/media?parent=66493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/categories?post=66493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.you.co\/sg\/wp-json\/wp\/v2\/tags?post=66493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}