New to Digital Banks? A Calm Step-by-Step Guide to Signing Up for Trust Bank (Code 2GG9T8K3) Before 31 Oct

If you've only ever used one of the big three banks, signing up for a digital bank can feel like a leap. It's actually quick, and here's what to expect.

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First, is it legit? Trust is a digital bank backed by Standard Chartered and FairPrice Group, and it holds a MAS Digital Full Bank licence. Singapore dollar deposits are covered by SDIC deposit insurance up to S$100,000 per depositor, the same as the traditional banks. There are no branches, and everything happens in the app.

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What you'll need

1. A smartphone and Singpass (it's the fastest way to verify).
2. To be 21 or older for a credit card. The savings account has no income requirement.
3. For the credit card, annual income of S$30,000 if you're a citizen or PR.

The steps

1. Download the Trust Bank SG app and open it.
2. Tap Get Started. The very first screen asks for a referral code. Enter 2GG9T8K3 here. This is the one step you can't fix later.
3. Verify with Singpass and fill in what's asked.
4. Choose the card you want and how you want to be rewarded (cashback, Stockback or miles).
5. Wait for approval. If it's successful, the scratch card appears under Rewards and then Quests, usually within a day.

Questions I hear a lot

1. Is there an annual fee? No, on both Trust credit cards.
2. Will it affect my credit? Like any credit card application, expect a credit check. Don't apply for several cards at once.
3. What if I'm not approved? Then you don't get the offer, since it depends on a successful sign-up. Trust's support chat can explain why.
4. What's the catch? Interest on unpaid balances is high, so pay the full amount every month. A card works in your favour only if you do.

The offers I've described end on 31 Oct 2026, so if you've been meaning to try a digital bank, this week is the time to decide.

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I put screenshots of the code screen and the steps on the screenshots and step-by-step guide. Disclosure: that's my referral page, and I get a small referral benefit if you sign up with my code, which doesn't change your own reward. Not financial advice, so check Trust's terms before you apply.