Referral Codes · Banking
Trust Bank referral code for Singapore
What a Trust code really gives you, whose S$8,000 the headlines are quoting, and how the app’s no-fee travel rates compare with MAS’s.
Trust Bank referral code, from Trust’s own pages, read 10 Nov 2026
Trust Bank referral code 4GRDEJZY gets you one scratch card worth S$8 to S$1,888 in cashback when you open a Trust savings account with it. Whoever referred you gets the same.
The “up to S$8,000” in most posts is two other rewards. Trust’s own sign-up gift for new credit card customers pays S$18 to S$8,000 until 31 January 2027. The golden scratch cards of S$50 to S$8,000 go to the person who refers a card customer, not to you.
4GRDEJZYWe earn from this. The code is from our editor’s own Trust account. Open a savings account with it and that account gets a scratch card like yours. Get a Trust credit card with it and the account gets a golden scratch card of S$50 to S$8,000, and if it is on Trust’s Flex savings plan, 1.20% a year more interest for that month. Trust sets what you receive, so any valid code gives you the same.
Whose S$8,000 is it?
Search for a Trust referral code and nearly every result promises up to S$8,000. Trust’s own pages describe three rewards, and only one of them comes from typing a code.
| Reward | Who gets it | For | Amount | Ends |
|---|---|---|---|---|
| Savings scratch card | You, and the person whose code you used | Opening a Trust savings account with a code | S$8 to S$1,888 | No date on Trust’s page |
| Card sign-up gift | You | Being a new Trust credit card customer | S$18 to S$8,000 cashback, or US$18 to US$8,000 in shares | 31 Jan 2027 |
| Golden scratch card | The person whose code you used | Each friend they bring to a Trust credit card | S$50 to S$8,000, no limit on how many | No date on Trust’s page |
Trust’s card pages describe the sign-up gift as being for new credit card customers and don’t mention a referral code, so we haven’t assumed it needs one. They also don’t say whether a new customer who opens a card gets the savings scratch card as well. Until we’ve seen that happen, treat them as separate.
What “sure-win” means on the card gift
Trust’s card page lists six amounts for the cashback version: S$18, S$28, S$88, S$288, S$888 and S$8,000. It doesn’t say how many of each are given out, and there is no prize table in the terms on its website. “Sure-win” means you get one of the six. It says nothing about which.
Five of the six amounts are S$888 or less, and three are under S$100. The ladder jumps from S$888 straight to S$8,000, which is the only amount the headlines use.
Pick Stockback instead of Cashback and the same six numbers are paid in US dollars, as shares in one of NVIDIA, Microsoft, Apple, Amazon, Alphabet, Meta or Tesla, chosen at random. That’s more on paper, since US$18 is worth more than S$18, but it arrives as a share whose price moves. Trust’s description says the cashback goes into your credit card account, so it reduces what you owe on the card rather than landing in your savings.
The “0% FX fees”, against MAS’s own rates
Trust says it takes Visa’s exchange rate and adds nothing. A rate can still be poor with no fee on top, so we put the rates the Trust app showed next to MAS’s average for the same days.
| S$1 in | Trust app | MAS, average | Trust gives | With a 3.25% fee |
|---|---|---|---|---|
| Thai baht | 26.31 | 26.19 | 0.47% more | 25.48 |
| Korean won | 1,041.40 | 1,046.70 | 0.51% less | 1,008.62 |
| US dollar | 0.78 | 0.7809 | Same, to the two decimals the app shows | 0.76 |
| Euro | 0.70 | 0.6963 | Same, to the two decimals the app shows | 0.68 |
Where the app’s two decimals are enough to tell, Trust’s figure was within 0.51% of MAS’s, in both directions. A card that adds 3.25% on top of the same rate would leave you 3.25% short every time.
Trust’s figures: the travel card in the Trust app, seen 10 Nov 2026, which says its estimated rates are based on data from 13 Oct to 19 Oct 2026. MAS’s: its daily exchange rates for the business days in the same span, the series behind our baht, won, US dollar and euro pages. Trust doesn’t say how it averages its week, so small gaps can come from that alone. The fee column applies 3.25%, the most that DBS and POSB charge on overseas card spending. The ringgit and rupiah were cut off in our screenshot, so they aren’t here.
The gaps run both ways, and a markup can’t do that: it makes every rate worse. The fee column is where the money is. Put your own trip into the box at the top to see it in dollars.
After you’re in: how the “up to 2.40%” is built
Trust’s Flex savings plan pays a small base rate plus any three bonuses you meet in the month. Each bonus counts for the whole month, whatever day you meet it.
| Each month | Adds a year |
|---|---|
| Refer a new Trust credit card customer approved that month | +1.20% |
| Buy S$20,000 or more of eligible TrustInvest funds | +0.70% |
| Credit a salary of S$1,500 or more by GIRO | +0.45% |
| Keep an average daily balance of S$100,000 | +0.30% |
| Raise your average daily balance by S$3,000 on last month | +0.20% |
| Five card spends of S$30 or more (0.10% if not an NTUC union member) | +0.20% |
| Receive S$1,500 in PayNow transfers | +0.15% |
| Spend S$500 in foreign currency on Trust cards | +0.15% |
You count 3 of these a month, on top of a 0.05% base. The top three make 2.40% on the first S$1.2 million, and two of them mean bringing Trust a new card customer every month and putting S$20,000 into funds, which deposit insurance doesn’t cover. Leave those two out and the best three come to 1.00%: credit a salary of S$1,500 or more by GIRO, keep an average daily balance of S$100,000 and raise your average daily balance by S$3,000 on last month.
Separately, Trust advertises 2.2% a year guaranteed on S$100,000 or more of fresh funds, and 2.0% on S$25,000 or more, until 31 January 2027. Before moving savings for either, compare fixed deposit rates and T-bills.
From Trust’s savings account page, read 10 Nov 2026. Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Money in TrustInvest funds is not insured.
Why you’ll see other amounts for Trust
Posts about Trust codes quote S$35 in FairPrice vouchers, S$5 to S$1,000, or S$18 to S$8,000, and some carry this month in the title while giving a deadline from February. Most are posted by people sharing their own codes, and we haven’t checked which Trust offer, or which month, each one described. We state only what Trust’s pages and app show on the date at the top of this page, and we change the page when they change.
Questions
Where do I enter a Trust referral code?
In the Trust app, while you sign up. Trust’s referral page says friends must download the Trust App and sign up using the referral code. It doesn’t say a code can be added afterwards, so don’t count on that.
Does it matter whose code I use?
Not for what you get. Trust sets the range, and every valid code gives you the same one. The code only decides who else is paid.
I had a Trust account before. Can I still use a code?
Trust’s referral page says to share codes with friends who are new to Trust. The full member-get-member terms aren’t on Trust’s website, so check them in the app before signing up again.
Is the cashback real money?
The card gift goes into your credit card account, which lowers your card bill. The savings scratch card pays cashback; Trust’s page doesn’t say more about where it lands.
Who runs Trust?
Trust’s site describes it as a partnership of Standard Chartered and FairPrice Group, company registration number 202039712G. It states that Singapore dollar deposits are insured by the Singapore Deposit Insurance Corporation up to S$100,000 per depositor.
How we know this
We read Trust’s refer and earn page, its Link card and Freedom card pages including the sign-up gift details, its savings account page and its exchange rate page on 10 Nov 2026. The code and the app’s travel rates come from our editor’s own Trust account, seen the same day. The FX comparison is our own arithmetic from MAS’s published rates. We haven’t watched a referral pay out yet, so what arrives and when is Trust’s account of it, not ours. This page sets out an offer; it doesn’t say Trust suits you.