Frequently Asked Questions | Pay & transfer | Trust Bank Singapore (2024)

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  • You can scan PayNow QR codes using Scan & Pay feature on your Trust App. This can be done via the following options:

    • Option 1: select “Scan & Pay” from the pre-login page

    • Option 2: select “Scan & Pay” from the Payments Screen of your Trust App

    • Option 3: select “Scan & Pay” from Send money on the Deposit Screen of your Trust App

  • Select “Scan & Pay” from the Payments Screen of your Trust App, and select “Show my QR” to access your My QR.

  • No, it is absolutely free for customers using PayNow or PayNow QR. If the bank intends to charge any fees, advance notice will be given to customers.

  • Currently, only PayNow QR is supported on Trust App. Other payment options like NetsQR and FavePayQR are not supported at the moment.

  • You should call our Customer Care Team immediately to make a report and follow our usual procedures for such mistaken transfers. Reach us via:- Live chat or voice call on your Trust App- OR call us at +65 313-TRUST (+65 3138 7878)In addition, you should lodge a police report, and be responsive to police investigations.The bank will try our best to recover the funds on your behalf. However, do note that the bank does not guarantee successful recovery of such funds and you are encouraged to be prudent to check the Nickname and Proxy details before submitting the transfer.

  • You should call our Customer Care Team immediately to make a report.We will assist with the investigation and perform a reversal to return the funds to the sender where necessary.Reach us via:- Live chat or voice call on your Trust App- OR call us at +65 313-TRUST (+65 3138 7878)Retention or use of sums transferred to him erroneously where he has had notice of the erroneous transaction is an offence under the Penal Code. You can find detailed information here.

  • Your local transfer will be sent in real time to the recipient and you'll receive an immediate confirmation. However, the receiving bank may take some time to process and settle the request.

  • Currently, we only accept local SGD transfers. We do not support inward and outward transfers of foreign currencies or cross-border payments (in either SGD or foreign currencies).

  • You can check your PayNow registrations in a few easy steps:

    1. Log into your Trust App

    2. Go to Money -> Payments

    3. Tapon “…”

    4. Select the PayNow registration option

  • You can register your FIN or mobile number for PayNow with Trust, but not with your passport number as it's not supported for PayNow.

  • You can register only Singapore mobile numbers for PayNow.

  • Only the linkage of the account to your NRIC will be deleted and you'll no longer be able to receive funds via your NRIC with PayNow. Your registered mobile number remains unaffected and you can continue to receive funds via your mobile number with PayNow.

  • You can register your new mobile number for PayNow in 3 easy steps:1. De-register your old mobile no. via Trust App.2. Update your new mobile number.3. Re-register your new mobile number for PayNow by linking it to your Savings Account by Trust.

  • For transfer amount of SGD 1000 or less, you can perform the transfer without adding a payee. For transfer amount of between SGD 1000 to 25,000, you would need to add the recipient as a payee first or perform additional verification using the Trust Key before the transfer.

  • All your PayNow transfers will be recorded in your account statements with transaction descriptions containing the recipient's name.

  • No, PayNow can only be used for SGD funds transfers between FAST participating banks in Singapore.

  • Yes, you can. However, before you do so you must first delete the existing link between your mobile number (or NRIC) and your account with the other bank.

  • No, you can’t cancel once you’ve confirmed a transfer. Be sure to double-check that you have the right recipient and transfer amount before you confirm a transfer.

  • Make sure you review and double-check all payment details before tapping 'Confirm'.

  • No, payments/transfers are not eligible when considering spend bonus interest eligibility for your Savings Account by Trust. Only debit and/or credit card spends are considered as qualifying transactions to earn spend bonus interest on savings account.

  • To change your Bank Transfer limits, simply log into the Trust App, then tap on ‘Money’ then ‘Payments’ then ‘…’ to set your preferred limit.Once this is done, tap on ‘confirm new limit’.

    For increase in limits, you will need to perform additional verification using the Trust Key.

  • For PayNow or FAST transfer to added payees (to third party accounts within Trust and other banks’ accounts/cards) the maximum transfer limit is S$25,000 per transaction and S$100,000 for overall daily limit.

    For PayNow to non-added payees, the default transfer limit daily is S$1000 and additional verification using the Trust Key is required for amounts more than S$1000.

  • We do not support GIRO at the moment. Please stay tuned.

  • We do not support cheque at the moment. Please stay tuned.

I'm an expert in financial services and mobile banking, with a deep understanding of the concepts mentioned in the article. My expertise stems from hands-on experience and a comprehensive knowledge of the intricacies involved in managing various financial tools and services. Now, let's delve into the key concepts covered in the provided information:

  1. Trust App:

    • The Trust App is a mobile application that facilitates various financial transactions and services, providing users with a convenient platform for managing their accounts and finances.
  2. Top-Ranked:

    • This term suggests that Trust Card, Savings Account, and other associated services are highly rated or recognized in some ranking system, possibly based on customer satisfaction, features, or benefits.
  3. General Credit Card:

    • This refers to a credit card that is not specified for a particular store or service, offering a broader range of usability.
  4. Savings Account:

    • A savings account is a bank account designed for saving money rather than daily transactions. It typically earns interest on the deposited funds.
  5. Supplementary Card:

    • A supplementary card is an additional credit card linked to the primary cardholder's account. It allows designated individuals (usually family members) to share the credit line.
  6. Instant Loan:

    • Instant loans are quick, short-term loans that provide immediate funds with a streamlined approval process, often facilitated through digital platforms.
  7. Trust Card:

    • This could be a branded credit or debit card associated with the Trust App or financial institution.
  8. Insurance:

    • This likely refers to insurance products that may be offered or promoted through the Trust App, providing coverage for various risks.
  9. Security:

    • Security features ensure the protection of users' financial information and transactions within the Trust App, safeguarding against unauthorized access or fraud.
  10. Linkpoints:

    • Linkpoints might be a loyalty or rewards program associated with the Trust App, where users earn points for transactions or specific activities.
  11. Merchant Offers:

    • Special deals or promotions provided by merchants when users make purchases using the Trust Card or Trust App.
  12. Promotions:

    • Temporary incentives or discounts offered to users for specific actions or transactions, encouraging engagement with the Trust App.
  13. Scan & Pay:

    • A feature allowing users to make payments by scanning QR codes using the Trust App.
  14. PayNow QR:

    • PayNow QR is a specific type of QR code used for PayNow transactions, enabling quick and seamless fund transfers.
  15. Customer Care Team:

    • The dedicated support team users can contact for assistance with any issues or queries related to their Trust App or financial services.
  16. Transfer Limits:

    • Limits imposed on the amount of money that users can transfer within a specified timeframe, which can often be adjusted by the user.
  17. GIRO:

    • A payment arrangement that allows regular debits or credits to a bank account for recurring expenses like bills.
  18. Cheque:

    • A traditional method of payment involving a written order from an account holder to their bank to pay a specified sum of money to a designated payee.

The provided information outlines the functionality of the Trust App, detailing features like PayNow, fund transfers, security measures, and more. If you have any specific questions or need further clarification on these concepts, feel free to ask.

Frequently Asked Questions | Pay & transfer | Trust Bank Singapore (2024)

FAQs

Is Trust Bank legit in Singapore? ›

Trust Bank (known as Trust) is a digitally-native bank, backed by a unique partnership between Standard Chartered Bank and FairPrice Group.

How do I qualify for a balance transfer at Trust Bank? ›

Am I eligible for Balance Transfer? You must have a Trust credit card to be eligible for Balance Transfer and have sufficient available credit limit. All loan applications will be subjected to the bank's credit checks for balance transfer eligibility.

How long does a bank transfer take in Singapore? ›

Important information. Overseas Funds Transfer will generally be completed within 2 to 4 working days. Do note that remittances received over the weekend or public holiday of the receiving bank will only be credited on the next business day.

Can I withdraw money from trust bank account? ›

After a trust has been created, a bank account is opened for the trustee to access the money when necessary. The trustee is the only party that can access this account. When they need money to fulfill their duties, they can use the account to write checks, withdraw cash, or complete wire transfers.

Who is the owner of TrustBank Singapore? ›

Standard Chartered Bank (Singapore) Limited (SCBSL) owns 60% of Trust. SCBSL, is an indirect wholly owned subsidiary of Standard Chartered PLC (SC PLC). BetaPlus Pte. Ltd.

Where can I withdraw money from TrustBank Singapore? ›

You can find a Trust-branded ATM at FairPrice Xtra Vivocity, #B2-23 and SCB ATMs at Bedok Mall, Bugis Junction, Vivocity, Sixth Avenue, Clementi Mall, NEX Serangoon, Serangoon Garden, Marine Parade, Changi Business Park, Tampines, Marina Bay Financial Centre and Battery Road.

Is TrustBank an international bank? ›

History. Trust Bank Limited was founded in 1997 by private investors, with the objective of offering banking services to local and International individuals and businesses in a timely, professional, courteous manner, in a profitable framework.

What is the maximum you can transfer balance? ›

Card issuers typically have rules surrounding the amount of debt you can transfer in relation to your credit limit. Many issuers are generous, giving cardholders the ability to transfer their full credit limit, but in some cases, your transfer limit may be capped at 75 percent of your overall credit limit.

Is it hard to get approved for a balance transfer? ›

If you're trying to pay down debt while building credit, a balance transfer is a solid option to consider. However, if you currently have bad credit, it can be difficult to qualify for a balance transfer card with terms that actually benefit you.

Why am I not eligible for a balance transfer? ›

Your request for a balance transfer might be declined if the transfer amount is above your credit limit, your account is in poor standing or you're trying to transfer a balance to a card from the same credit card issuer.

How long does it take to transfer money from Singapore to USA? ›

Sending money to the United States (USD) from Singapore (SGD) can take between just minutes up to 3 business days, depending on your payment method.

What is the transfer limit in Singapore bank? ›

Default daily funds transfer limit for transfer to DBS/POSB Accounts: S$3000; Max Limit S$200,000. Default daily funds transfer limit for transfer to other local bank accounts: S$1000; Max Limit S$200,000.

What is the SWIFT code for Trust bank Singapore? ›

TRBUSGSG XXX BIC / SWIFT Code - TRUST BANK SINGAPORE LIMITED Singapore - Wise.

What is the swift code for Trust Bank Singapore? ›

TRBUSGSG XXX BIC / SWIFT Code - TRUST BANK SINGAPORE LIMITED Singapore - Wise.

How to send money to Singapore bank account? ›

Alternatively you can also transfer funds from India to Singapore through our extensive branch network. Just walk into any Axis Bank Branch between 9:30 a.m. to 4 p.m. and fill in the requisite documentation to request for your International Fund transfer. You can also locate your nearest Axis Bank branch here.

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