The Singapore Deposit Insurance Corporation covers up to SGD 100,000 per depositor per Scheme member. Membership is automatic for full banks and finance companies licensed under the Banking Act and Finance Companies Act. The three Digital Full Banks — GXS, MariBank, Trust — are SDIC members; an eligible SGD deposit at any of them sits inside the same statutory cover as a deposit at DBS or OCBC.
Revolut Singapore is not an SDIC member. It operates as a Stored Value Facility under the Payment Services Act, which means customer funds are held in a segregated trust account at a custodian bank (typically Citibank or DBS). Segregation protects funds from the failure of Revolut itself, but it is not deposit insurance — recovery depends on the trust arrangement and the custodian bank, not on a state-backed compensation scheme. For balances at the SGD 100k headline figure the practical safety profile is reasonable, but the protection mechanism is categorically different from a DFB account.
The DWB licence (Green Link, Sea-bank-DWB) is a wholesale-only class — these institutions cannot accept retail deposits, so the SDIC retail-cover question does not arise. Most consumer readers will never need to interact with a DWB account.
See the MAS / Singapore glossary entry for a more detailed walk-through of the four licence classes and how MAS publishes them.