Trust Bank Stocks (TrustInvest) Referral Code 2GG9T8K3: Trading US Stocks From Inside Your Banking App

Most referral posts about Trust focus purely on the credit card scratch card, but there's a separate product worth knowing about if you've ever wanted to start investing without opening a whole new brokerage account: TrustInvest, their in-app US stocks and ETFs trading feature.

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What makes this different from just using a regular brokerage

TrustInvest is built directly into the Trust Bank app and powered by Saxo, a brokerage with a long track record in Singapore. The pitch is that you don't need to shuffle money between a separate banking app and a separate trading app — funds move from your Trust savings account into your investment account within the same interface, and account opening is reportedly under a minute if you already have a Trust savings account.

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The actual numbers

• Access to over 7,000 tradable US stocks and ETFs
• Fractional trading from as little as USD 10, so you can own a slice of a stock like Tesla or Meta without needing the full share price upfront
• Zero commission on trades, currently running through 31 December 2026 — after that, expect a standard commission rate to apply
• No custody fees, no platform fees, no settlement fees
• UK-listed UCITS ETFs are also available, which matters for tax purposes: UCITS ETF dividends face 15% US withholding tax versus 30% on US-domiciled ETFs, a detail that's easy to miss if you're not comparing fund domiciles

Important: this is not a savings product

TrustInvest sits under Trust's investment umbrella, not their deposit-taking one. That means it is not SDIC-insured and does not earn any interest while sitting as uninvested cash in the investment account — a genuinely different risk profile from parking money in the savings account. All investments carry the possibility of loss, including of your original capital.

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The connection back to your savings account interest rate

Here's a detail that doesn't get mentioned enough: if you're on Trust's Flex savings plan, purchasing S$20,000 total in eligible TrustInvest funds unlocks a +0.70% p.a. bonus interest scoop on your savings account for that month. Cash+ funds are specifically excluded from this trigger, and your buy orders need to execute by the second-last business day of the month to count. So there's a real interplay between using TrustInvest and boosting your separate savings rate, if you're someone who was going to invest that amount anyway.

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How to actually get started

1. Download the Trust Bank SG app
2. Enter referral code 2GG9T8K3 at the very first "Get Started" screen — do this before anything else, since it can't be added afterward
3. Open a Trust Savings Account first — you need this before TrustInvest becomes available
4. Navigate to Stocks within the app to open your investment account
5. Fund it from your savings account and start trading

A quick honest note on the referral gift

The sure-win Golden Scratch Card promo (S$18–S$8,000) is specifically tied to Freedom or Trust Link credit card sign-ups, not to opening TrustInvest on its own. If you're coming here purely for the investing feature and don't want a credit card, you'll get access to zero-commission trading, but not the scratch card gift — worth knowing before you assume the two are bundled.

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👉 Referral Code: 2GG9T8K3

Curious if anyone's actually compared the UCITS vs US-domiciled withholding tax difference in real dollar terms on a decent-sized position — feels like a detail most people gloss over until tax season.